Exxon Mobil Corp. (XOM) lowered profit expectations for the second quarter of 2024, citing lower refining margins and natural gas prices. The company expects earnings per share to be between…
In the News
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Eskom anticipates a significant loss but sees potential for profit as it cuts diesel use and stabilizes power supply.
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Oando Energy underscores the need for Nigeria to boost crude oil extraction to support economic growth amidst global energy shift pressures.
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Eskom achieves 100 consecutive days without load shedding, highlighting improved performance and reliability through strategic initiatives in South Africa.
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Oil prices hold steady as investors monitor Storm Beryl’s potential impact on Texas oil production and refining operations, awaiting clearer indications.
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Tropical Storm Beryl strengthens in the Gulf of Mexico, threatening to become a hurricane and make landfall on the Texas coast. The storm’s path raises concerns about disruptions to the oil and gas industry, with potential port closures and refinery shutdowns.
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Oil prices dipped on Friday as progress in ceasefire talks between Israel and Gaza outweighed concerns about potential supply disruptions. Strong summer demand and the path of Hurricane Beryl are keeping the oil market volatile.
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Nigeria’s crude supply crisis disrupts Dangote Refinery operations, sparking conflicts between oil producers and refiners over supply issues.
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Coega Development Corporation sets a precedent in public sector financing with a new model supporting its renewable energy projects.
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Global oil prices surge for the fourth straight week, driven by OPEC+ production cuts, geopolitical tensions, and robust demand, reaching new highs.