In what is proving to be a very impressive earnings season, nearly all of the oil majors are beating expectations and rewarding shareholders with higher dividends and share buybacks, much to the…
Tag: Oil prices
A new case for $100 gross | OilPrice.com
By Editorial Dept – October 28, 2022, 08:00 CDT From mid-June to the end of last month, crude followed a sustained downtrend that saw WTI futures fall 38% from a June 14…
3 oil stocks under the radar after OPEC+ cuts | OilPrice.com
After an initial jolt following OPEC’s announcement of a 2 million barrel per day production cut, oil prices fell sharply on a host of negative catalysts including a strong dollar, a hawkish…
Gas price crisis overshadows an oil price crisis | OilPrice.com
There has been so much media space devoted to European Union gas supply problems and the associated ripple effect for developing economies that another fossil fuel issue has gone relatively unnoticed: oil…
Middle Eastern producers cautious about rising prices after OPEC+ production cuts | OilPrice.com
As November 2022 approaches, knowing that intra-OPEC+ cohesion has been fully restored and the oil major has been given a new long-term ambition, pricing decisions for Middle East cargoes loaded on next…
Alberta oil production booms, but majority of revenue leaves province – Edmonton | Globalnews.ca
Since the beginning of the year, oil production in Alberta has been booming. “We produce about $12 billion worth of oil a month,” said Alberta Central chief economist Charles St-Arnaud. “To give…
Oil Could Climb Well Above $100 After Midterm | OilPrice.com
With everyone obsessed with British lettuce and the Fed blowing up the US economy, there wasn’t enough digital ink to discuss the supreme irony of Biden releasing another release of oil from…
The energy crisis, explained
Gasoline prices on October 03, 2022 in San Bruno, California.Photo: justin sullivan (Getty Images) It can be difficult to understand what is happening with the global energy market. Since Russia’s invasion of…
Chinese refiners bet big on European fuel demand | OilPrice.com
Crude oil imports into Asia surged in September. Normally such news would raise hopes for demand and therefore prices, but this time it is more complicated. And that has less to do…
Oil industry executives lash out at botched energy transition | OilPrice.com
Until recently, the idea of a Fortune 500 company boss criticizing the energy transition would have been considered far-fetched, to put it mildly. Now, two Fortune 500 bosses have slammed the transition…