Economy & Markets Eni CEO: OPEC+ Actions Increase Oil Price Volatility November 4, 2024 Claudio Descalzi, CEO of Italy’s Eni, stated that the OPEC+ group’s efforts to manage oil supply are heightening price volatility… Read More… Enersol Acquires Deep Well Services November 4, 2024 ADNOC Drilling Company and Alpha Dhabi Holding’s joint venture, Enersol, will acquire a 95% stake in Deep Well Services (DWS)… Read More… South Korea May Increase U.S. Oil and Gas Imports If Trump Wins Presidency November 4, 2024 South Korea’s growing trade surplus with the United States could lead to increased purchases of U.S. oil and gas if… Read More… Chevron and Exxon: Strong Earnings Amid Oil Price Declines November 3, 2024 Exxon Mobil Corp. and Chevron Corp. have surpassed analysts’ expectations in profit, output, and sales, thanks to increased oil production… Read More… ExxonMobil Exits Mediterranean Refining Market November 3, 2024 ExxonMobil has finalized the sale of its Fos-sur-Mer refinery in France, marking its exit from the Mediterranean refining market. The… Read More… IMF Lowers Growth Outlook for Middle East Due to Oil Production Cuts and Conflicts October 31, 2024 The International Monetary Fund (IMF) has revised its economic growth forecast for the Middle East and North Africa (MENA) to… Read More… TotalEnergies Misses Profit Forecast Due to Weak Refining and Low Oil Prices October 31, 2024 TotalEnergies (NYSE: TTE) announced disappointing third-quarter earnings, missing expectations due to weak refining margins, lower LNG production, and declining oil… Read More… Lukoil’s Trading Arm Seeks to Revive U.S. Business October 30, 2024 Litasco, the international trading and shipping firm owned by Russian company Lukoil, is making moves to rebuild its presence in… Read More… Namibia’s oil company aims to triple its stake in future oil and gas projects October 30, 2024 Namibia’s National Petroleum Corp. (Namcor) aims to increase its stake in future oil and gas projects to 30%, up from… Read More… Pemex CEO Faces Tough Road to Repair World’s Most Indebted Major Oil Producer October 29, 2024 National oil companies are often less efficient than private-sector firms, and Petroleos Mexicanos (Pemex) exemplifies this issue with a workforce… Read More… Load More
