*Fuel dispenser nozzle. Mkpoikana Udoma Port Harcourt — The Independent Petroleum Marketers Association of Nigeria, IPMAN, says fuel racketeering by the Nigerian National Petroleum Company Limited NNPCL, is responsible for the prolonged fuel scarcity and […]
Houston — Exxon Mobil Corp (XOM.N) posted a $56 billion profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and setting not only a company record […]
*CNOOC. Bengaluru — CNOOC Ltd (0883.HK), China’s top offshore oil and gas producer, has halted a planned sale of its UK North Sea portfolio, which could have been valued at as much as $3 billion, […]
*Wael Sawan takes over as Shell CEO – Changes could result in some job cuts, Shell says– Upstream boss to oversee expanded unit– Executive committee to shrink to seven from nine members– New CEO took […]
Singapore — Oil prices fell on Monday, giving up earlier gains, as global producers will likely keep output unchanged during a meeting this week and investors are cautious ahead of a U.S. Federal Reserve […]
…Nigeria’s daily oil production reaches 1.5mbd *Nigeria’s oil production Mkpoikana Udoma Port Harcourt — A stakeholder and oil well control expert, Mr Victor Ekpenyong, has lauded the Federal Government for the country’s return as the largest […]
– CFO says share buybacks rate unchanged in up to $15 bln a year– Shares fall on Q4 profit miss on higher expenses, weaker margins– Company sees upside profit potential with output flat to up […]
*Russian oil tanker Moscow — Russia has ramped up diesel supplies to African and Mediterranean ports in January as an EU embargo approaches, with traders short of time to find new selling outlets, data from […]
*Lukoil refinery Moscow — Russia’s offline primary oil refining capacity for 2023 is set to increase by 29%, or 5.976 million tonnes, from the previous year to 26.55 million tonnes, according to data from industry […]
*Oil prices London — Oil prices rose for a second session on Friday, buoyed by better than expected U.S. economic growth, strong middle distillate refining margins and hopes of a rapid recovery in Chinese demand. […]
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