Suncor Energy to Release Third Quarter 2023 Financial Results
October 31, 2023
Calgary, Alberta–(Newsfile Corp. – October 31, 2023) – Suncor (TSX: SU) (NYSE: SU) will release …
Surging Crude Prices: Is Suncor Energy’s Dividend About to Get Even Bigger?
October 31, 2023
2023-10-31 16:50:00 ET As global crude prices continue to soar, investors are increasingly …
Marathon Petroleum tops profit estimates on strong fuel demand
October 31, 2023
Oil Price Strong U.S. fuel demand helped Marathon Petroleum (NYSE: MPC) easily beat analyst estimates after reporting on Tuesday an adjusted net income of $3.2 billion for the third quarter of 2023. Adjusted earnings per share came in at $8.14, above the analyst consensus estimate of $7.75 compiled by The Wall Street Journal. In the refining and marketing segment, adjusted EBITDA was
U.S. crude production breaks records
October 31, 2023
Oil Price U.S. crude oil production hit an all-time high in August, according to new data published by the Energy Information Administration on Tuesday, with production surpassing pre-covid levels. U.S. field production of crude oil reached 404.6 million barrels during the month of August, new EIA data shows, for an average of 13.05 million barrels per day–squarely breaking the previous record
OPEC oil output rises for third month, Reuters survey finds
October 31, 2023
Nasdaq LONDON – OPEC oil output has risen for a third straight month in October, a Reuters survey found on Tuesday, led by increases in Nigeria and Angola and despite ongoing cuts by Saudi Arabia and other members of the wider OPEC+ alliance to support the market. The Organization of the Petroleum Exporting Countries has pumped 27.90 million barrels
POLL-Growth risks to restrain oil in 2024, but Mideast risks loom large
October 31, 2023
Nasdaq Slow global economic growth will keep crude prices anchored below $90 a barrel this year and next, unless the Israel-Hamas conflict draws in more countries in the Middle East and exacerbates supply tightness, a Reuters poll showed on Tuesday. A survey of 40 economists and analysts forecast Brent crude LCOc1 would average $84.80 a barrel this year, and $86.62 in 2024,
bp interim CEO denies U.S. shale acquisition claims, defends focus on energy transition
October 31, 2023
World Oil (Bloomberg) – bp Plc’s temporary boss gave a robust defense of the company’s strategy, batting away suggestions that he needs to follow the big oil deals done by U.S. competitors Exxon Mobil Corp. and Chevron Corp. “We’re focused really on transition” to net zero emissions, Interim Chief Executive Officer Murray Auchincloss said on Tuesday. bp’s growth engines will be clean
Venezuelan court suspends opposition party’s presidential primary results
October 31, 2023
Oil Price Venezuela’s Supreme Justice Tribunal has suspended the results of a primary that took place earlier this month in the opposition segment of the country’s political spectrum. Bloomberg’s Javier Blas commented on X that the move was not surprising and said Venezuela’s president, Nicolas Maduro, had called the primaries a fraud. Source: Oil Price Reuters reported that the suspension had come despite a deal
Veteran Energy Executive, Mark Little, Joins General Fusion’s Board of Directors
October 31, 2023
RICHMOND, British Columbia, Oct. 31, 2023 (GLOBE NEWSWIRE) — Today, General Fusion announced the…
