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U.S. Oil Boom Blunts OPEC's Pricing Power
U.S. petroleum production is on pace for a record-breaking year, helping to keep energy prices stable despite the efforts of Saudi Arabia and other major
Saudi Arabia, U.A.E. Scoop Up Russian Oil Products at Steep Discounts
Despite U.S. objections, the Gulf countries are using the Russian products internally, including for consumption and refining purposes, and exporting their own barrels at market
Saudi-Led Oil Cuts Risk Fueling Inflation and Harming Global Economy, IEA Says
Markets Commodities Oil Markets The hole in the global oil market between supply and demand is expected to reach 2 million barrels a day, the
Saudi-Led Oil Cuts Risk Fueling Inflation and Harming Global Economy, IEA Says
Markets Commodities Oil Markets The hole in the global oil market between supply and demand is expected to reach 2 million barrels a day, the
Exxon CEO's Pay Jumps 52% Amid Rising Oil Prices, Record Profit
Darren Woods’s total compensation includes stock awards of $24.9 million and a nearly $6.4 million bonus. Source link
Occidental Petroleum Plans to Suck Carbon Dioxide From the Air—So It Can Keep Pumping Oil
Petroleum giant says its plan to capture and store carbon dioxide will give it leeway to invest in fossil fuels A direct-air capture facility by
Western curbs on Russian oil products redraw global shipping map By Reuters
© Reuters. FILE PHOTO: Oil is pumped into an oil tanker at the Ust-Luga oil products terminal in the settlement of Ust-luga, April 9, 2014.
Saudi Arabia-Led Oil Cuts Run Into Gusher of Alternative Supplies
The wild card for the market lies in players such as Nigeria where production has risen unexpectedly but is prone to outages. Source link
MV Oil Trust (MVO) Declares $0.34 Dividend
MV Oil Trust said on April 5, 2023 that its board of directors declared a regular quarterly dividend of $0.34 per share ($1.38 annualized). Previously,
Murphy Oil (MUR) Declares $0.28 Dividend
Murphy Oil said on April 5, 2023 that its board of directors declared a regular quarterly dividend of $0.28 per share ($1.10 annualized). Previously, the