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(Reuters) – Saudi and U.S. officials on Wednesday touted billions in new investments and growing financial ties between the two countries coinciding with Saudi Arabian Crown Prince Mohammed bin Salman’s visit to Washington. The CEOs from Chevron, Qualcomm, Cisco, General Dynamics and Pfizer are attending the U.S.-Saudi Investment Forum at the Kennedy Center in Washington, …
US, Saudi Tout New Business Deals at Investment Forum Read More »
Saudi Arabia will sign energy sector agreements with the U.S. worth $30 billion, the CEO of Saudi state oil giant Aramco, Amin Nasser, said on Wednesday in comments carried by Saudi state TV. His comments came during the U.S.-Saudi investment forum, being held in Washington. Reporting by Yomna Ehab; and Elwely Elwelly; wriitng by Muhammad …
Saudi Arabia to Sign $30 Billion Worth of Energy Deals With US, Says Aramco CEO Read More »
By Anna Hirtenstein, Shariq Khan and Jarrett Renshaw LONDON/NEW YORK, Nov 18 (Reuters) – U.S. oil major Exxon Mobil (XOM.N) has joined rival Chevron Corp (CVX.N) in considering options to buy parts of sanctioned Russian oil major Lukoil’s (LKOH.MM) international assets, sources familiar with the matter said. Exxon is considering options for Lukoil assets in …
Exxon Joins Chevron in Pursuing Parts of Lukoil Global Empire, Sources Say Read More »
(Reuters) – Global refining margins have hit multi-year highs in November due to sanctions on Russia, refinery outages and maintenance, according to LSEG data and analysts, and some see little respite without more plants being built in the Western world. The strength in margins contrasts with crude oil markets coming under pressure from an expected …
Global Oil Refining Profits Surge and May Stay Strong Read More »
Summary US Treasury says sanctions are squeezing Mscow’s revenue Russian oil loadings at Novorossiysk resume after Ukraine attack Oil prices to fall next year, says Goldman Sachs (Reuters) – Oil prices steadied on Tuesday, regaining ground after early losses, as traders weighed the impact of Western sanctions on Russian oil flows against an expected supply …
Oil Steadies as Markets Weigh Russia Sanctions and Glut Forecasts Read More »
The catalyst for the brighter outlook is the newly expanded Trans Mountain oil pipeline Canada’s oil sands are experiencing a comeback after years of living in the shadow of United States shale. Crude output is climbing to new highs, the nation’s top producers are seeing their shares soar and interest in the industry is rising among U.S. institutional investors. …
Canada’s Oilsands Make Their Comeback as U.S. Shale Plateaus Read More »
(Reuters) – Oil prices are expected to decline through 2026, Goldman Sachs said on Monday, citing a production surge that will keep the market in a large surplus of around 2 million barrels per day. The bank forecast Brent crude will average $56 a barrel and WTI $52 in 2026, below current forward curves of …
Goldman Sachs Sees Oil Prices Falling Through 2026 on Supply Surge Read More »
(Reuters) – U.S. oil and natural gas drilling activity has continued to decline even as production reaches record highs, the U.S. Energy Information Administration (EIA) said on Monday. The EIA said the average number of active rigs in the Lower 48 has fallen from 750 in December 2022 to 517 in October 2025, reflecting operators’ …
US Oil, Gas Rig Count Slows Despite Record Output, EIA Says Read More »
Widening gap between forecasts from IEA, OPEC and EIA clouds oil market outlook By Ryohtaroh Satoh and Malcolm Moore Original: financialpost.com/financial-times/barrel-divide-iea-opec-at-odds-oil-demand The widest gap for more than two decades has opened up between the forecasts of the three main international organisations that track the world’s crude markets, causing confusion about global oil demand. The Paris-based …
The 2 Million Barrel Divide: IEA and OPEC at Odds Over Oil Demand Read More »
By John Ainger Luiz Inácio Lula da Silva, during the COP30 Leaders Summit on Nov. 6. Photographer: Dado Galdeiri/Bloomberg The thousands of protesters who brought traffic to a halt Saturday in the Brazilian city of Belém implored leaders to act faster to tackle global warming. As United Nations climate talks enter their critical second week, …
Fossil Fuel Transition Emerges as Key COP30 Fight Read More »
