Post Tagged with: "higher oil prices"

Source: Reuters

Why 2023 is likely to see much higher oil prices

Oil Price

Earlier this week, oil prices plunged to 2022 lows as energy markets panicked about demand amid COVID chaos in China that has resulted in an unexpected and extraordinary manifestation of street protests and even calls for Chinese President …

Source: Reuters

Baker Hughes posts Q4 profit as higher oil prices spur drilling demand


Jan 20 – Baker Hughes Co BKR.O on Thursday reported an adjusted quarterly profit compared with a year-ago loss, as producers took advantage of a rise in crude prices that fueled demand for oilfield service equipment.

Oil prices surged …

Source: Reuters

Saudi Aramco Q2 profit soars on higher prices, demand recovery


DUBAI – Saudi Arabian state oil producer Aramco (2222.SE) reported a near four-fold rise in second-quarter net profit on Sunday, beating expectations and boosted by higher oil prices and a recovery in oil demand.

Aramco said its results were …

Saudi Arabia’s Al-Falih Shifts to a Harder Line to Hold Oil Prices Higher

Saudi Arabia’s Al-Falih Shifts to a Harder Line to Hold Oil Prices Higher

From Bloomberg

Kingdom needs higher prices to implement sweeping economic reforms: RBC

For decades, Saudi Arabia was the voice of moderation within OPEC, pushing back against the urging of members like Venezuela and Iran for higher oil prices. That role …

February 19, 2018 - 1:50 pm Closing Bell Story‎, Commodity Pricing, OPEC