Hess Beats Q3 Earnings Estimates On Robust Guyana Output | OilPrice.com
Leading U.S. shale operator, Hess Corp. has posted yet another impressive earnings report, with its stake in prolific Guyana helping it exceed estimates
U.S. Governors Demand Power Price Overhaul As Costs Balloon 10 Fold | OilPrice.com
Five U.S. governors have demanded PJM Interconnection, the largest power grid operator in the U.S., revise its pricing system after its recent capacity auction delivered a staggering increase in power plant costs—up nearly 10-fold from last year
Russia’s Gazprom Boosts 2024 Investments to $16.9 Billion | OilPrice.com
Gazprom has increased its 2024 investment plan by 4% to $16.9 billion, focusing on key projects, particularly those aimed at boosting natural gas exports to China.
Investment Giants Form $50-Billion AI and Power Partnership | OilPrice.com
KKR and Energy Capital Partners have formed a $50 billion partnership to invest in data center and power generation infrastructure to support the rapid growth of AI.
Oil Steady After EIA Confirms Draw in Crude, Gasoline Inventories | OilPrice.com
Crude oil prices remained largely unchanged today, after the U.S. Energy Information Administration reported an inventory draw of a modest half a million barrels for the week to October 25.
Lukoil’s Trading Arm Looks to Revive U.S. Business | OilPrice.com
Litasco, the trading arm of Russian oil giant Lukoil, seeks to rebuild its business in the Americas by securing credit lines and distancing itself from Russian oil and its parent company.
Unexpected Crude, Product Draws Send Oil Prices Up | OilPrice.com
The U.S. API reported draws across the board this week, leading to a small jump in crude oil prices
U.S. To Buy 3 Million Barrels for The SPR, But There’s A Problem | OilPrice.com
The U.S. Department of Energy (DoE) is seeking to purchase 3 million barrels of crude oil for the Strategic Petroleum Reserve
As Oil Job Losses Mount, Steelworkers Union Looks to Clean Energy | OilPrice.com
The United Steelworkers union is counting on renewable energy projects to offset job losses at oil refining and petrochemical plants
Phillips 66 Beats Analyst Estimates Despite Earnings Dip in Q3 | OilPrice.com
Phillips 66 reported lower-than-expected earnings for Q3 2024 due to a significant decline in refining margins, despite beating analyst estimates.
Austria’s OMV Profit Slumps on Weak Oil Trading and Refining | OilPrice.com
OMV reported lower-than-expected Q3 profits due to weak oil prices, declining refining margins, and lower production, despite stronger performance in its chemicals division.
BP Earnings Top Forecasts Despite Weaker Oil Prices and Refining | OilPrice.com
BP reported lower-than-expected Q3 2024 profits due to weak refining margins and higher debt, but remains committed to its dividend and share buyback program.
China Plans to Export 12.4% Less Fuel in November | OilPrice.com
China plans to significantly reduce fuel exports in November compared to October, reflecting falling refinery margins and a shift towards prioritizing domestic stockpiles.
Oil Continues Downward Slide Shedding Over 6% | OilPrice.com
Oil markets have continued the downward spiral, with oil prices falling dramatically after Israel launched limited attacks on Iran