Eni CEO: OPEC+ Actions Increase Oil Price Volatility
Claudio Descalzi, CEO of Italy’s Eni, stated that the OPEC+ group’s efforts to manage oil
Economy/Markets
Enersol Acquires Deep Well Services
ADNOC Drilling Company and Alpha Dhabi Holding’s joint venture, Enersol, will acquire a 95% stake
South Korea May Increase U.S. Oil and Gas Imports If Trump Wins Presidency
South Korea’s growing trade surplus with the United States could lead to increased purchases of
Chevron and Exxon: Strong Earnings Amid Oil Price Declines
Exxon Mobil Corp. and Chevron Corp. have surpassed analysts’ expectations in profit, output, and sales,
ExxonMobil Exits Mediterranean Refining Market
ExxonMobil has finalized the sale of its Fos-sur-Mer refinery in France, marking its exit from
IMF Lowers Growth Outlook for Middle East Due to Oil Production Cuts and Conflicts
The International Monetary Fund (IMF) has revised its economic growth forecast for the Middle East
TotalEnergies Misses Profit Forecast Due to Weak Refining and Low Oil Prices
TotalEnergies (NYSE: TTE) announced disappointing third-quarter earnings, missing expectations due to weak refining margins, lower
Lukoil’s Trading Arm Seeks to Revive U.S. Business
Litasco, the international trading and shipping firm owned by Russian company Lukoil, is making moves
Namibia’s oil company aims to triple its stake in future oil and gas projects
Namibia’s National Petroleum Corp. (Namcor) aims to increase its stake in future oil and gas
Pemex CEO Faces Tough Road to Repair World’s Most Indebted Major Oil Producer
National oil companies are often less efficient than private-sector firms, and Petroleos Mexicanos (Pemex) exemplifies