Western energy majors are expected to report combined record profits of $200 billion in 2022, driven by volatile oil and gas prices following Russia's Ukraine invasion, with strong earnings projected to continue into 2023.
Oil prices fell as Saudi Arabia made additional crude available to Asian refiners via ship-to-ship transfers, easing concerns over pipeline disruptions. Brent crude dropped to $105.81/barrel amid reassurances from U.S. officials.
Exxon is advancing negotiations to re-enter Venezuela's Orinoco Belt oil operations, signaling potential restoration of major energy sector ties after years of sanctions and withdrawal.
US companies including Heeney Capital, Continental Resources, and Exxon are advancing deals to operate gold mining and oil projects in Venezuela, marking increased American corporate engagement with the country.
Saudi Arabia cancelled oil deliveries to Europe after drone attacks damaged its East-West pipeline to the Red Sea, triggering global energy market disruptions and buyer scramble for alternatives.
Car ownership costs have jumped 50% since 2020, driven primarily by repair expenses up 70%, insurance rates, and maintenance—far outpacing gas price increases.
Oil futures rise above $105 as shipping routes face obstruction and Middle East tensions widen, with Saudi Arabia canceling European cargoes and creating significant price spreads between crude grades.
Physical oil cargoes exceed $130/barrel following Saudi pipeline disruptions from Iranian attacks, approaching April's record prices as supply constraints tighten global markets.
Grupo capixaba Apex Partners, com quase R$ 1 bilhão em dívidas e R$ 17 bilhões sob gestão, entrou com pedido de recuperação judicial em Vitória, excluindo a gestora Carbyne que busca venda separada.
Spanish paleontologists found the first skeletal evidence of Diplodocus dinosaur outside North America at a fossil site in eastern Spain, dating back 150 million years and suggesting continental fauna exchange during the Late Jurassic.
Oil prices climbed following a Saudi Arabian pipeline outage and fresh attacks on energy infrastructure, intensifying concerns about global supply disruptions.
Traffic through the Strait of Hormuz is declining as Middle East tensions intensify, threatening a critical global energy chokepoint through which millions of barrels of oil pass daily.
A Saudi Arabian pipeline critical to global oil supply was damaged by drone attacks and will remain out of service for weeks, tightening oil markets and raising prices amid regional tensions.
Saudi Arabia's closure of its East-West pipeline disrupts a critical oil transport route, potentially affecting global energy supplies and market prices amid regional tensions.
Exxon Mobil has shut down its Joliet refinery following a power outage, disrupting operations at one of the company's key U.S. facilities.
Nigerian billionaire Aliko Dangote launches Africa's biggest share sale, offering 3% of his oil refinery to the public in a deal potentially raising $2.1bn, aiming to democratize ownership among ordinary Nigerians.
Africa's richest man Aliko Dangote is seeking $1.6 billion through an IPO to finance a $14.3 billion expansion of his oil refinery, aiming to double capacity and open ownership to ordinary Nigerians—though affordability remains a barrier for most.
Aliko Dangote's Nigerian oil refinery lists publicly in Africa's largest-ever IPO, potentially adding $23bn to his $35bn fortune. The offering targets retail investors with low minimum subscriptions.
Satellite imagery confirms significant damage to a major Saudi Arabian pipeline bypassing the Strait of Hormuz, triggering oil price increases and global supply concerns amid regional tensions.
Oil prices jumped over $3 per barrel following new strikes on Saudi Arabia and the Strait of Hormuz, as Middle East tensions escalate and diplomatic efforts falter.
Oil prices surged following a drone attack on a critical Saudi Arabian pipeline, raising concerns about Persian Gulf energy supply disruptions and triggering modest stock futures declines.
Oil prices rose over 3% following new strikes on Saudi Arabia and the Strait of Hormuz, reflecting renewed geopolitical tensions in the region.
Iraqi forces seized a drone-launching platform used in an attack on Saudi Arabia's East-West oil pipeline, which carries 4-5% of global oil supply. Iraq is investigating the incident while maintaining communication with Saudi authorities.
Iraqi forces seized a drone-launching platform used in an attack on Saudi Arabia's East-West oil pipeline, which carries 4-5% of global oil supply. The launch site was traced to Maysan province near the Iranian border.
Iraq stated that a recent attack on Saudi Arabian pipeline infrastructure originated from Iraqi territory, marking a significant escalation in regional tensions.
