Oil price

Oil Price
European Commission Says Gas Price Cap Is Impossible
The European Commission told countries at a Monday seminar this week that there was no way to create a gas price cap as previously requested by EU leaders.
Oil Price
Euro Could Stay Below Dollar for as Long as Natural Gas Prices Remain High
The euro is on course to stay below parity with the US dollar for some time if gas prices do not fall markedly.
Oil Price
Saudi Arabia Cuts Oil Prices for Asia
Saudi Arabia has lowered its official selling prices for oil for all its Asian clients, with the flagship Arab Light for December delivery now priced $0.40 lowe…
Natural Gas
Why Overly Confident U.S. Drillers Ditched Their Hedges
Some Big Oil companies are so confident that high oil prices are here to stay that they have completely ditched their hedges.
Oil Price
BP Looking at Billions in Buybacks for Q4
British oil and gas supermajor BP Plc. has announced plans to buy back $2.5 billion in shares after an impressive third quarter.
Natural Gas
Bp Doubles Profits From Oil and Gas Prices
From July to September the company made $8.2bn
Oil Price
Italy’s Windfall Tax on Energy Companies Needs to Be Rewritten - PM
Italy needs to rewrite its windfall tax on energy companies that have benefited from surging oil and gas prices, Prime Minister Giorgia Meloni told parliament o…
LNG
TotalEnergies Clocks $9.9 Bln Profit in Q3, Books New Russian Impairment
TotalEnergies posted a sharp jump in its third quarter net profit compared with a year ago, as it joined other energy giants in its sector to have benefited fro…
Crude Oil
World Bank: Energy Prices Set to Decline in 2023 After Sharp Rise in 2022
The World Bank has predicted that energy prices will decline by 11% in 2023 after having surged 60% in the current year following the war in Ukraine.
Oil Price
U.S. Oil Companies’ Cash Flow to Rise by 68% Per Barrel in 2022 - Deloitte
U.S. upstream oil companies are expected to bank 68% higher free cash flows per barrel produced in 2022 as surging prices fuel profits, while output growth ling…
Oil Price
Portugal’s Galp Quarterly Profit up 16% On Higher Oil Prices, Better Margins
Portuguese oil and gas company Galp Energia reported a 16% increase in adjusted third-quarter profit on Monday, thanks to soaring oil prices and a near-doubling…
Oil Price
Goldman: U.S. SPR Crude Releases to Have Modest Price Influence
The Biden administration's plan to continue releasing the Strategic Petroleum Reserves (SPR) "as appropriate" to bring down retail rates poses limited downside …
Oil Refinery
Exxon Shares Surge to Record High on Strong Earnings Outlook
Exxon Mobil Corp shares passed their all-time high on Friday as oil prices resumed their climb and analysts raised their long-term views of top U.S. oil produce…
Oil Price
US to Release an Extra 15M Barrels of Oil Amid Skyrocketing Prices
US officials have hinted at more releases if prices continue to surge.
Oil Price
Biden to Lay Out Plan to Complete Emergency Oil Sales, Support U.S. Production
U.S. President Joe Biden will announce a plan on Wednesday to sell off the last portion of his release from the nation's emergency oil reserve by year's end, an…

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Oil price

European Commission Says Gas Price Cap Is Impossible

Euro Could Stay Below Dollar for as Long as Natural Gas Prices Remain High

Saudi Arabia Cuts Oil Prices for Asia

Why Overly Confident U.S. Drillers Ditched Their Hedges

BP Looking at Billions in Buybacks for Q4

Bp Doubles Profits From Oil and Gas Prices

Italy’s Windfall Tax on Energy Companies Needs to Be Rewritten - PM

TotalEnergies Clocks $9.9 Bln Profit in Q3, Books New Russian Impairment

World Bank: Energy Prices Set to Decline in 2023 After Sharp Rise in 2022

U.S. Oil Companies’ Cash Flow to Rise by 68% Per Barrel in 2022 - Deloitte

Portugal’s Galp Quarterly Profit up 16% On Higher Oil Prices, Better Margins

Goldman: U.S. SPR Crude Releases to Have Modest Price Influence

Exxon Shares Surge to Record High on Strong Earnings Outlook

US to Release an Extra 15M Barrels of Oil Amid Skyrocketing Prices

Biden to Lay Out Plan to Complete Emergency Oil Sales, Support U.S. Production