Coterra Energy reports fourth-quarter and full-year 2022 results, provides 2023 outlook and updates shareholder return strategy
Coterra Energy Inc. (NYSE: CTRA) (“Coterra” or the “Company”) today…
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ExxonMobil statement regarding President Biden Letter to Oil Industry
IRVING, Texas, June 15, 2022–(BUSINESS WIRE)–ExxonMobil today released the following statement in response to a letter from President Biden.
We have been in regular contact with the administration to update the President and his …
Oil falls on China growth worries as EU weighs Russian crude ban
Oil prices fell on Monday as concerns over weak economic growth in China, the world’s top oil importer, overshadowed fears supply might be crimped by a potential European Union ban on Russian crude.
Brent crude futures were down $3.23, …
Column: Global crude oil bulls are running past China, India bears
LAUNCESTON – Asia may be a late arrival to the impending crude oil party.
The oil market is largely convinced that a strong recovery in demand is imminent, based on the view that the world is recovering from the …
Venezuela readies fuel distribution as fourth Iranian tanker enters Caribbean
MARACAY, Venezuela/DUBAI – Venezuela has begun preparations to distribute fuel imported from Iran among desperate citizens as the fourth cargo of a five-tanker flotilla was crossing the Caribbean on Wednesday, according to Refinitiv Eikon and a government official.
Iran …
Oil prices could go negative again for reasons beyond just storage
It’s not all about storage.
Yes, the world is watching the available amount of oil storage to try to figure out when the ‘tank tops’ and there’s simply no more space to fill with unneeded crude. There are, however, …
