The investments add to a buying spree this year for the Slim family, which continues to pour money into bets on oil exploration, production and refining both at home and across the Gulf of Mexico in the U.S. SourceContinue Reading

U.S. To Purchase More Oil for SPR While Prices Are Low | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Aug 06, 2024, 12:30 PM CDT The U.S. Department of Energy (DOE)...Continue Reading

Is the Oil Price Collapse Finally Over? | OilPrice.com Tom Kool Tom majored in International Business at Amsterdam’s Higher School of Economics, he is Oilprice.com’s Head of Operations More Info Premium Content By Tom Kool – Aug 06, 2024, 11:00 AM CDT Hedge funds have turned bearish on commodities for the first time since 2016,...Continue Reading

High Power Demand Boosts Duke Energy’s Q2 Profit | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Aug 06, 2024, 10:30 AM CDT U.S. utility giant Duke Energy (NYSE: DUK) beat analyst estimates as higher sales volumes and increased rates boosted its revenues for the second quarter....Continue Reading

Despite Aramco’s profit falling in the second quarter due to OPEC+ constraints on the company’s output, Nasser painted a picture of healthy and growing demand. Oil use is set to rise by 1.6 MMbpd to 2 MMbpd this year. That will continue into 2025 when Nasser sees global oil consumption “north of 106 MMbpd.”  SourceContinue Reading

How Venezuela’s Election Unrest Will Impact Global Oil Markets | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Premium Content By Alex Kimani – Aug 06, 2024, 10:00 AM CDT Venezuelan President Nicolás Maduro has been declared the winner of a controversial presidential election, sparking...Continue Reading

Goldman Sachs Sees a $75 Floor for Brent Oil Prices | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Aug 06, 2024, 9:05 AM CDT Goldman Sachs expects a $75 per barrel floor under Brent Crude prices that is unlikely to be breached due to the...Continue Reading

Saudi Aramco Sees Oil Demand Rising by 1.6 Million Bpd in Second Half of 2024 | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Premium Content By Tsvetana Paraskova – Aug 06, 2024, 8:32 AM CDT Saudi...Continue Reading

Marathon Petroleum Q2 Earnings Top Estimates | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Aug 06, 2024, 7:50 AM CDT Marathon Petroleum (NYSE: MPC) booked higher-than-expected earnings for the second...Continue Reading

U.S. Administration to Allocate $2.2 Billion for Power Grid Upgrades | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Aug 06, 2024, 6:50 AM CDT The U.S. Department of Energy is...Continue Reading