[ad_1] A view of the platform of the Leviathan natural gas field in the Mediterranean Sea is pictured from the Israeli northern coastal beach of Nasholim, on August 29, 2022. JACK GUEZ | AFP DUBAI, United Arab Emirates — Plans for a 50% stake purchase by energy major BP and …
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Saudi oil giant Aramco posts 25% fall in full-year profit
[ad_1] Logo of Aramco, officially the Saudi Arabian Oil Group, Saudi petroleum and natural gas company, seen on the second day of the 24th World Petroleum Congress at the Big 4 Building at Stampede Park, on September 18, 2023, in Calgary, Canada. Artur Widak | Nurphoto | Getty Images Saudi …
Read More »Saudi Arabia, Russia and several OPEC+ producers extend voluntary crude supply cuts until end of June
[ad_1] Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman al-Saud gesture upon his arrival at the 8th OPEC International Seminar in Vienna on July 5, 2023 Alex Halada | AFP | Getty Images Heavyweights Saudi Arabia and Russia, alongside several other key OPEC+ producers, will extend their voluntary crude …
Read More »Hottest January on record pushes 12-month global average temps over 1.5 degree threshold for first time ever
[ad_1] The world just had its hottest year ever recorded, and 2024 has already set a new heat record for the warmest January ever observed, according to the European Union’s climate change monitoring service Copernicus. The service said that January 2024 had a global average air temperature of 13.14 degrees …
Read More »Here are Jim Cramer’s rapid-fire takeaways on 6 stocks in the news Friday
[ad_1] Clorox – The consumer products giant saw a huge earnings beat. It’s also rebounding from last year’s cyberattack. “Things are back online, and there’s tremendous demand for their product,” Jim said Friday’s Morning Meeting rapid fire. Tesla – The EV leader issued a recall for 2.2 million cars over …
Read More »Chevron earnings fall but shareholders see record windfall in 2023, company raises dividend 8%
[ad_1] A Chevron gas station sign is shown on October 23, 2023 in Austin, Texas. Brandon Bell | Getty Images Chevron said its fourth-quarter profit fell sharply from a year ago, weighed down by a number of impairment charges, but the second-largest U.S. oil company still to managed to return …
Read More »Oil tanker hit by missile after transiting Red Sea — Houthis claim responsibility
[ad_1] Children walk near a billboard bearing the image of targeting ships, on the day Yemen’s Houthi-run forces targeted an American ship in the Red Sea, on a street in Sana’a, Yemen, on Jan. 10, 2024. Mohammed Hamoud | Getty Images An oil tanker operated on behalf of Trafigura was …
Read More »Oil prices are poised to end the year 10% lower in first annual decline since 2020
[ad_1] A driver pumps gas at a Sunoco gas station in Washington, DC, US, on Tuesday, Nov. 28, 2023. Al Drago | Bloomberg | Getty Images Oil prices are on pace to close out the year about 10% lower as bearish sentiment has taken over due to worries that the …
Read More »Angola’s OPEC exit highlights group tensions – but is unlikely to rattle the market
[ad_1] Angola’s announcement this week that it will quit the oil producers’ Organization of the Petroleum Exporting Countries brings to a head longstanding tensions within the powerful group, but market impact is likely to be limited, according to analysts. The move “did not come as a surprise, [as] the writing …
Read More »Oil and gas should not be demonized: Elon Musk – Times of India
[ad_1] ROME: It is important to reduce carbon emissions to preserve the planet, but oil and natural gas should not be demonized in the medium-term, Elon Musk, the founder of electric car maker Tesla, said on Saturday. Earlier this week representatives from nearly 200 countries agreed at the COP28 climate …
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