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World's largest oil company Aramco reports higher third-quarter net profit on production boost
The results come as the world's largest oil company faces a profit squeeze in a weaker crude price environment.
The move caps a dramatic month in oil markets, riven by concerns of a supply glut and uncertainty over sanctions on Russian ...
US crude oil inventories saw a significant build in the last week of October, while gasoline and distillate inventories ...
Saudi Arabia's Aramco , the world's top oil exporter, reported a 2.3% fall in quarterly profit on Tuesday, citing a drop in ...
The Punch on MSN
NNPCL reiterates 2m bpd oil output target by 2027
The Nigerian National Petroleum Company Limited has announced an increase in Nigeria’s crude oil production to 1.7 million barrels per day, with plans to ...
Oil Price US on MSN
Markets Scramble to Assess the Size of the Oil Glut
The oil market is bracing for a significant oversupply due to surging supply, subdued demand, and US sanctions on Russian ...
The cushion could protect the country from any short-term supply disruptions related to new U.S. sanctions on Russian crude.
The World’s June oil production increased by 895 kb/d to 84,184 kb/d. For December 2026, production is projected to be 85,538 b/d, an upward revision of 853 kb/d from last month. World oil production ...
OPEC+ managed to both meet market expectations and deliver a surprise by agreeing to a small rise in crude oil output for December, but then pausing for the first quarter of next year.
DUBAI (Reuters) -Saudi Arabian oil company Aramco, the world's top oil exporter, reported a 2.3% decline in its quarterly ...
Oil Price US on MSN
What a U.S. Invasion of Venezuela Would Mean for Global Oil Prices
U.S. military preparations near Venezuela risk triggering a geopolitical and energy crisis that could disrupt global oil and ...
Interestingly, GEIL’s first indigenous crude oil terminal has now changed the foreign dominance of the terminal system, as the country can now beat its chest and compete favourably in the oil and gas ...
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