Glut To Trump Geopolitics to Keep Oil Price around $60 This Year
The global oversupply is set to override geopolitical flare-ups this year, keeping oil prices close to the $60 per barrel mark, the monthly Reuters poll showed on Friday. Brent Crude…
Exxon Beats Expectations as Record Production Offsets Lower Oil Prices
Despite lower oil prices, ExxonMobil (NYSE: XOM) booked higher-than-expected earnings for the fourth quarter as quarterly production in the Permian basin and offshore Guyana set new records. Exxon reported on…
European Natural Gas Prices Surge as Winter Cold and Geopolitics Collide
Europe’s benchmark natural gas prices were headed on Friday for their largest monthly gain since 2023 as cold snaps in January boosted heating and power demand and fast-draining storage sites…
Chevron Beats Profit Estimates as It Commits to Venezuela
Chevron Corporation (NYSE: CVX) reported on Friday consensus-beating earnings for the fourth quarter as it pledged to boost presence in Venezuela, where it is currently the only U.S. company authorized…
Britain’s Octopus Energy Takes a Big Bet on China’s Clean Power Markets
The UK’s largest energy supplier, Octopus Energy, is entering the Chinese market with a joint venture to trade renewable power in the world’s top clean energy market. Octopus Energy announced…
Venezuela Rewrites Its Oil Law to Attract Foreign Investment
Venezuelan legislators have voted for an updated oil industry law that the country’s leadership hopes will bring in much-needed foreign investment to reverse a decline resulting from mismanagement and U.S.…
China’s LNG Imports Rise for a Third Straight Month
The recovery in China’s imports of liquefied natural gas is expected to extend for another month in January, Kpler has reported, for a total of three consecutive months of higher…
