ExxonMobil’s Adjusted Third-Quarter Profit Reaches $17.5 Billion on Refining Gains
Exxon’s refining business lifted adjusted profit to $17.5 billion, while upstream earnings fell as crude prices eased.
Exxon’s refining business lifted adjusted profit to $17.5 billion, while upstream earnings fell as crude prices eased.
ExxonMobil CEO Darren Woods and Chevron’s Clay Neff will miss ADIPEC as regional security concerns weigh on executive attendance.
Europe will release 42 million barrels from emergency stocks over three months, including 21 million barrels of diesel, as supply tightness keeps fuel...
Dangote’s IPO drew heavy demand, but peak refining margins and $11.8 billion in planned capital spending complicate the valuation.
The proposed EU support could make bioLNG cheaper than VLSFO on intra-EU routes, while leaving most waste-oil biodiesel outside the subsidy.
Higher interest rates weighed on Norway’s oil fund’s fixed-income holdings as its portfolio returned -0.5% in the third quarter.
Fuel remains available, but longer lead times, higher prices and uneven port supply are increasing shipping’s cost and scheduling risks.
Rystad’s Pragmatism scenario puts import dependence on a downward path after 2034, as electrification grows alongside new risks in clean technology su...
Disrupted Hormuz shipments leave Pakistan facing winter gas shortages and more than $1 billion in LNG costs, with spot cargoes priced at double Qatar’...
TTF gas remains near its highest level since 2022, with EU storage at 74% and Middle East LNG flows about 80% below last year.
Black Sea insurance costs have climbed from about $200,000 to $2.5 million per vessel, adding pressure to shipping economics as Bulgaria secures near-...
Low coal stocks and weak hydropower are driving blackouts in India, cutting small steel mills’ operating hours and raising factory energy costs.
Energy led the S&P 500 in Q3, with refiners posting the strongest gains as tight diesel supply lifted fuel margins. Oil and gas producers diverged.
High fuel prices are lifting demand for hybrids and electric vehicles, but company results show the benefits are uneven across the electrification tra...
CFS has secured a major supply deal for high-temperature superconducting tape, a key material for building compact fusion magnets.
Uranium’s term price has reached $96 a pound, while utilities delay contracts and nuclear equities fall. The split turns on timing, costs and future s...
The reserve hit a 42-year low after a 172 million-barrel release, while oil swaps are scheduled to return part of the volume next year.
WTI is set for a 7% weekly drop as freight costs and a possible diesel export ban raise concerns about U.S. refinery demand.
The UK gets about a third of its diesel imports from the U.S., leaving hauliers and other fuel users exposed if a proposed export ban takes effect.
Record-high diesel costs and lost Saudi deliveries put Europe’s fuel supply under pressure, prompting Macron to seek a G7 discussion of emergency stoc...