Browsing Tag
Oil
108 posts
BRICS: Saudi Arabia, GCC Nations Provide ‘Oil Deal’ Support to Russia
The U.S. sanctions against Russia are failing as Putin seeks help from BRICS and GCC nations to fuel…
BRICS: Indian Refiners Ditch US Dollar, Pay Chinese Yuan For Oil Trade
Indian refiners including the Indian Oil Corp (IOC) have started settling payments for oil with China using the…
Chevron, Exxon Report $15+ Billion Q1 Profits Despite Low Oil Prices
The two biggest American oil firms, Exxon Mobil and Chevron, reported strong earnings growth on Friday, despite low…
Oil ETFs See Longest Weekly Outflows in 9-Months, Why?
According to Bloomberg, the four most significant oil ETFs (exchange-traded funds) have recorded the longest weekly outflows since…
Dubai Oil Benchmark Takes Center Stage as Russia, India Abandon Brent Benchmark
In a recently negotiated deal to deliver Russian oil to India, Rosneft, a large Russian oil producer, and…
Saudi Arabia to Adopt Economic Strategy Without US Dependence: Report
In a recent announcement, Saudi Arabia and the OPEC+ group of producers revealed an unexpected reduction in oil…
Saudi Aramco Partners with China to Build an Oil Refinery for $12.2 Billion
Saudi Aramco recently signed an agreement with Chinese partners to work on an oil refinery and petrochemical project.…
Goldman Sachs Lowers Oil Price Forecast Amid Russia Output Cut
Previously, financial giant Goldman Sachs predicted that Brent oil would reach $100 per barrel by the middle of…