Post Tagged with: "high oil prices"

Source: Reuters

Exxon posts biggest profit in seven years on high oil prices

Yahoo Finance


HOUSTON -Exxon Mobil Corp on Tuesday reported a fourth-quarter profit of $8.87 billion, its largest in seven years, as the top U.S. oil producer benefited from strong energy prices.

The company slashed spending after fuel demand cratered two …

Producers Still Cautious Despite Higher Q2 Expectations on Stronger Oil Prices 

Producers Still Cautious Despite Higher Q2 Expectations on Stronger Oil Prices 

From Global News


Higher oil prices are expected to boost cash flow for the large Canadian crude producers as they roll out second-quarter results beginning next week, but analysts say the extra money is unlikely to be added to growth

July 16, 2019 - 11:16 am Canada, Closing Bell Story‎, Energy News
Oil Market, Prices Have Entered the ‘Red Zone’:  IEA Begs OPEC to Open the Taps

Oil Market, Prices Have Entered the ‘Red Zone’: IEA Begs OPEC to Open the Taps

Venezuelan output is in free-fall and Iran’s production is sinking: IEA’s Birol says expensive energy is back and its inflicting damage on global economy

From Bloomberg

The International Energy Agency made a direct appeal to OPEC and other major oil …