Higher Oil Prices Boost ExxonMobil, Chevron Earnings
US petroleum giants ExxonMobil and Chevron reported big jumps in second-quarter profits Friday, the latest boost from a recovery in ...
Tag: oil producers
ExxonMobil Q2 Profits Nearly Double On Higher Oil Prices To $3.4 Bn
ExxonMobil saw its second-quarter profits nearly double from the year-ago period due to higher oil prices and better refining margins, ...
Oil Giants Endorse Carbon Tax After Trump’s Paris Exit
Major oil producers, including for the first time ExxonMobil, expressed support on Tuesday for a new US carbon tax, which ...
Putin Talks Syria, Oil With Powerful Saudi Prince
Russian President Vladimir Putin on Tuesday discussed cooperation on oil and the conflict in Syria with powerful Saudi Deputy Crown ...
Oil Price Plummets Despite Deal To Extend Output Cut
The price of oil has plummeted by about 5%, despite oil-producing nations agreeing to extend production cuts for a further ...
Trump Budget Proposes Deep Cut To US Oil Stockpile
President Donald Trump's budget released Tuesday proposed radically downsizing the US Strategic Petroleum Reserve, arguing that America's shale boom has ...
Oil Producers To Extend Output Curbs At OPEC Meeting
Oil producers inside and outside the OPEC cartel have little choice but to extend their deal from late 2016 curbing ...
Saudi Minister Confident of Oil Cut Extension
Saudi Arabia's energy minister expressed confidence on Sunday of extending a global cut in oil production designed to boost prices. ...
Russia, Saudi Call For Oil Output Deal Extension
The world's biggest oil producers Russia and Saudi Arabia on Monday called for extending an output reduction deal ahead of ...
Oil Price Jumps After US Strike On Syria
The price of oil has hit its highest level for a month in response to the US military's missile attack ...
Nestle, Others Agree To End Deforestation In Ghana, Ivory Coast
The world’s largest chocolate makers, including Nestlé, Mars and Mondelez, and cocoa traders, such as Cargill and Olam, have agreed ...
Oil Touches Three-Month Lows, As U.S. Supply Swells
Oil hovered around three-month lows on Monday, as rising U. S. inventories and drilling activity offset optimism over OPEC's efforts ...
OPEC Output Cuts Exceed Target
OPEC compliance with oil output reductions has exceeded the target because of higher Saudi cuts, Kuwaiti Oil Minister Essam al-Marzouk, ...
U.S. Energy Stocks, Darlings Last Year, Stumble In 2017
The energy sector is the stock market's dud so far in 2017 after a banner performance in 2016, and the ...
Titans of Oil World Meet In Houston After Two-Year Price War
The biggest names in the oil world come together this week for the largest industry gathering since the end of ...
U.S. Oil Slips As Stockpiles Rise For Seventh Week
U. S. oil prices fell on Friday after government data released late on Thursday showed stockpiles rose last week for ...
U.S. Shale Oil Braces For the Unfamiliar In 2017
U. S. shale producers are facing their first production cost increase in five years in 2017 as industry activity picks ...
Angolan Veep Charged With Corruption During His Tenure As State Oil Boss
Angola’s Vice President, Manuel Vicente, has been charged with corruption and money laundering in Portugal, the Prosecutor General’s office in ...
Angola VP Manuel Vicente ‘to Face Portugal Corruption Charges’
Portuguese state prosecutors are bringing corruption charges against Angola's vice-president Manuel Vicente. The attorney-general's office says that Mr Vicente paid ...
Fresh US Drilling Capping Oil Price
Renewed drilling by US oil producers is keeping a ceiling on a global crude price recovery, cutting into the impact ...