News

*Enbridge pipeline News wire — Canadian pipeline operator Enbridge Inc reported higher second-quarter profit on Friday due to increased oil volumes, and said it was not considering splitting its business. Rival TC Energy said last week […]

*ADNOC headquarters ,. Dubai — Abu Dhabi National Oil Company (ADNOC) said on Friday it would acquire a 30% equity stake in the Absheron gas and condensate field in the Caspian Sea off the coast […]

Dubai/London — An OPEC+ ministerial panel which met on Friday made no changes to the group’s current oil output policy after a Saudi decision to extend its voluntary production cut into September helped oil prices […]

*Petrobras Sao Paulo — Brazilian national oil company Petrobras posted a nearly 36% drop in its second-quarter profits on Thursday, citing falling crude prices, although earnings surpassed analyst expectations. Latin America’s top oil producer posted […]

News wire — Phillips 66 reported a 46% fall in second-quarter profit on Wednesday, the latest U.S. refiner to signal the hit from a decline in margins from last year’s sky-high levels when Russia’s invasion […]

*BP CEO, Bernard Looney London — BP’s second-quarter profit slumped 70% from a year earlier to $2.6 billion, missing forecasts, as refining margins and oil trading income fell, but still allowing the energy giant to […]

*OPEC+ barrel stock – OPEC+ ministerial panel meets on Aug. 4– No policy tweaks or recommendations expected – sources– UAE minister has said current OPEC+ steps are enough Moscow/London/Dubai — OPEC+ is unlikely to tweak […]