Exxon Beats Estimates on Higher Permian Basin Oil Production
Wedoany.com Report-Nov 2, Exxon Mobil Corp. beat analysts’ estimates as higher oil production from the US Permian Basin helped cushion a drop in crude prices and tightening refining margins. Exx...
Taiwan Imports Record Amount of Russian Naphtha
Wedoany.com Report-Nov 1, Taiwan’s petrochemical industry imported record amounts of Russian naphtha in October, snapping up fresh supplies being churned out by an oil refinery thousands of mile...
Azerbaijani Oil Price Slightly Surges In Global Markets
Wedoany.com Report-Nov 1, The price of a barrel of Azeri Light crude oil rose by $0.19, or 0.26%, settling at $73.85. Azeri Light crude oil reached its lowest level on April 21, 2020, at $15.81 per ba...
Socar's Star Refinery Gets Back In Saddle In Türkiye
Wedoany.com Report-Nov 1, Refinery of STAR, one of the companies in the group of Türkiyes largest direct foreign investor and the largest integrated industrial group SOCAR Türkiye (a subsidi...
ExxonMobil Agrees to Sell Argentina Shale Oil Assets to Pluspetrol
Wedoany.com Report-Nov 1, Exxon Mobil Corp. has agreed to sell most of its assets in Argentina’s Vaca Muerta shale patch to Pluspetrol SA, according to people familiar with the matter. The provi...
Big Oil Sees Brazil Becoming Major Global Hub for Clean Jet Fuel
Wedoany.com Report-Nov 1, A global push to decarbonize air travel has groups from Big Oil to sovereign wealth funds betting on Brazil to become a top global center for green jet fuel. Brazil is becomi...
US Oil Production Hits Another Record, Adding to Supply Worries
Wedoany.com Report-Nov 1, US oil production jumped to a fresh monthly record of 13.4 million barrels a day in August, in what is likely to make OPEC’s decision on whether to return supplies to t...
Oil Was Written Off. Now It’s the Most Productive US Industry
Wedoany.com Report-Nov 1, Conventional wisdom called for drilling four wells into the ground and then horizontally to access layers of oil-soaked rock, a technical feat perfected by the US shale indus...
Exxon Sells Vaca Muerta Assets
Exxon has struck a deal with Argentinian Pluspetrol for the sale of the supermajor’s assets in the Vaca Muerta shale play. Reuters reported, citing an unnamed source with the supermajor, that Ex...
Natural Gas and Oil Forecast: Will OPEC+ Hold Production to Meet Rising Demand?
Wedoany.com Report-Oct 30 , Natural gas and oil prices climbed on Thursday, buoyed by strong U.S. fuel demand and the prospect of supply adjustments from OPEC+. Unexpected drops in U.S. gasoline and c...