Post Tagged with: "August"
Russia is preparing to export less oil in August
Russia could deliver on at least part of its pledge to reduce oil exports next month as its western ports are planned to ship up to 200,000 barrels per day (bpd) lower crude volumes in August compared to …
Oil rallies on Saudi and Russian supply cuts for August
Oil rose on Monday after top exporters Saudi Arabia and Russia announced supply cuts for August, overshadowing concern over a global economic slowdown and the potential for further increases to U.S. interest rates.
Saudi Arabia on Monday …
OPEC+ ratifies August oil-production increase, leaves next move unresolved
(Bloomberg) — The OPEC+ coalition ratified an oil-production increase that completes the return of supplies halted during the pandemic, while deferring discussions on its next move for another day.
The 23-nation group led by Saudi Arabia rubber-stamped plans …
Oil prices on track for biggest weekly gain since August
LONDON -Oil prices were on track for their biggest weekly gain since late August, with market sentiment buoyed by easing concerns over the Omicron coronavirus variant’s impact on global economic growth and fuel demand.
The Brent and WTI benchmarks …
Oxy Earnings Dip 25%; Anadarko Megadeal Likely to Close Aug. 8
Occidental Petroleum reported a $635 million quarterly profit that dipped 25 percent from the year prior, but the focus still remains on Oxy’s $38 billion acquisition of Anadarko Petroleum that could close in August.
Houston-based Oxy …
