Thursday, 8 May 2025

Focus on OPEC+

A view shows the logo of the Organization of the Petroleum Exporting Countries (OPEC) outside its headquarters in Vienna, Austria, May 28 , 2024. REUTERS/Leonhard Foeger/ File Photo
BusinessFinanceFuelNewsOilPoliticsTrade

OPEC cuts oil demand growth forecast, highlighting dilemma over Oct hike

OPEC on Monday cut its forecast for global oil demand growth in 2024, citing weaker than expected data for the first half of...

News Release

Targa Resources Corp. to Participate in Citi One-on-One Midstream and New Energy Infrastructure Conference

HOUSTON, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company...

FILE PHOTO: A 3D printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration/File Photo
AnalysisBusinessEconomyFuelIn-DepthOilPolitics

Global oil demand needs to rise faster to absorb OPEC+ hike

Global oil demand growth needs to accelerate or the market will struggle to absorb OPEC+ planned increase, analysts and industry sources say

News Release

Vital Energy Reports Second-Quarter 2024 Financial and Operating Results

Raises full-year 2024 total and oil production forecast Increases estimated sub-$50 WTI breakeven locations by ~45% TULSA, OK, Aug. 07, 2024 (GLOBE NEWSWIRE)...

FILE PHOTO: The Suncor Energy logo is seen at their head office in Calgary, Alberta, Canada, April 17, 2019. REUTERS/Chris Wattie/File Photo
BusinessFinanceFuelLiquefied Petroleum GasNewsOil

Suncor Energy beats quarterly profit estimates on robust production

Suncor Energy beat analysts' estimates for Q2 profit on Tuesday, helped by higher oil prices and a rise in oil sands production.

FILE - Storage tanks are seen at the North Jeddah bulk plant, an Aramco oil facility, in Jeddah, Saudi Arabia, on March 21, 2021. (AP Photo/Amr Nabil, File)
BusinessNewsOil

Saudi Arabia’s Aramco reports lower half-year profits

Overall revenue up at $220bn, but Aramco half-year profits show a fall of $5bn since last year amid global worries.

News Release

Letter To Stockholders Issued By Diamondback Energy, Inc.

MIDLAND, Texas, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Diamondback Stockholders, This letter is meant to be a supplement to our earnings release and...

News Release

Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., Reports Second Quarter 2024 Financial and Operating Results; Increases Base Dividend

MIDLAND, Texas, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Viper Energy, Inc., (NASDAQ:VNOM) (“Viper” or the “Company”), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG)...

News Release

Diamondback Energy, Inc. Announces Second Quarter 2024 Financial and Operating Results

MIDLAND, Texas, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced financial and operating results...

Gas prices are seen at a pump at a Safeway gas stop in McLean, Virginia, U.S., November 24, 2021. REUTERS/Leah Millis/ File Photo
BusinessEconomyNewsPoliticsTrade

Large revisions to US energy data leave traders and analysts befuddled

Discrepancies in energy market data cause concern over true demand for oil and fuel demand across the United States.