Tuesday, January 31, 2023are still big on the oil agenda, bumper profits reported by oil majors across the spectrum have been causing ripples in the markets, especially after Exxon reported a whopping $56 billion profit for the entire year of 2022. US refiners such as Marathon and Philips66 both saw their profits rise by 50-60% compared to last year, and back then we thought 2021 was as profitable as good years can get.
another tirade against US oil companies, accusing them of “plowing windfall profits into the pockets of executives and shareholders” instead of increasing production. domestic oil exporters from adhering to oil price caps, allowing customs to prevent goods from leaving Russia if there is a price cap link and obliges them to report any attempts to impose caps.
it was concluded without approval as the Italian company’s proceeds rate were hiked to 37% from a previously agreed 30%. Despite federal Iraqi authorities working for years to launch a 1 million b/d pipeline that would move crude from Basrah to Jordan’s Red Sea port of Aqaba, Iraqi Shia militia have The Railroad Commission of Texas issued a