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Tag: oil price


Energy, Industry Focus Areas

Middle East Crisis Could Disrupt Oil Supplies, Raise Prices

October 20, 2023

Via: Transport Topics

Fifty years after the 1973 Arab oil embargo, the current crisis in the Middle East has the potential to disrupt global oil supplies and push prices higher. But don’t expect a repeat of the catastrophic price hikes and long lines […]


Energy, Industry Focus Areas

Shell Earnings Top $5 Billion in Q2

July 27, 2023

Via: Transport Topics

Shell reported July 27 that it earned nearly $5.1 billion in the second quarter, nearly half what the oil and natural gas giant pulled in during the first three months of the year as energy prices have plunged. The British […]


Energy, Industry Focus Areas

Exxon, Chevron Profits Are Robust as Oil Prices Drop

April 28, 2023

Via: The Wall Street Journal

Exxon Mobil Corp.  and Chevron Corp. CVX collectively posted $18 billion in first-quarter profits, showing resilience even as oil and natural-gas prices declined. The Western world’s largest oil companies rocketed to record earnings last year as energy prices soared following […]


Energy, Industry Focus Areas

EU, G-7 Wait on Poland to Advance Russian Oil-Price Cap

December 2, 2022

Via: The Wall Street Journal

The European Union reached a deal on a $60 a barrel cap on the price of Russian oil Friday, paving the way for the Group of Seven advanced democracies to launch the unprecedented mechanism on Monday, diplomats said. The EU […]


Energy, Industry Focus Areas

U.S.-Backed Plan to Cap Price of Russian Oil Hits Delays

October 28, 2022

Via: The Wall Street Journal

The Biden administration’s effort to roll out a price cap on Russian oil has hit delays, as the Treasury Department tries to ease industry concerns about the novel sanctions regime at the center of the West’s economic battle with Russia. […]