Tag: oott

Bulgaria is looking to join forces with Greece, Serbia and North Macedonia to create a single gas market, in order to improve diversification of natural gas supplies, in light of the rise in European gas prices to record levels. Southeast European countries have historically relied on imports of Russian natural gas, but can also receive […]

Canadian oil exports from the US Gulf Coast hit a record high in 2021, as global demand grows and markets need heavy crude. Canadian companies exports averaged more than 180,000 barrels a day last year, reaching about 300,000 barrels a day in December, according to Matt Smith, chief oil analyst for the Americas at data […]

Oil prices rose again by more than 1% during trading on Thursday, with Brent crude rising above $92, in a volatile session, with the release of the monthly OPEC report. Crude prices turned lower earlier in trading, with a noticeable rise in the US dollar during trading, after US data showed inflation accelerating to a […]

Oil prices deepened their losses by about 2% during trading on Tuesday, with US crude falling below $90 a barrel, while awaiting talks between Iran and the United States on the nuclear deal. Investors are waiting for the resumption of indirect talks between the United States and Iran that could revive the nuclear deal, which […]

Oil prices extended their gains to more than 2% during trading today, Friday, with US crude exceeding the $ 92 barrier, prices to continue their sharp gains, with cold weather spreading in large areas of the United States, which threatens to disrupt oil supplies further. Yesterday, Thursday, oil prices ended their trading with gains of […]

Factory orders in the United States fell in December, while shipments increased. In December, new orders for American-made goods declined somewhat more than predicted, but manufacturing is still supported by businesses refilling stockpiles. Factory orders fell 0.4 % in December, according to the Commerce Department. Orders increased 1.8 % instead of 1.6 % as previously […]

Oil and gas prices rise with Shell profits in the fourth quarter of 2021 Recorded $6.4 billion Oil and gas prices supported Shell in achieving record profits during the fourth quarter of last year, exceeding analyst expectations, recording $6.4 billion, an increase of 55% from the third quarter of 2021. Shell’s adjusted profit beat the […]

Today, Tuesday, the American Exxon Mobil Corporation announced its profits in the fourth quarter of 2021, reaching 8.87 billion dollars, the largest in 7 years, which led to a rise in profits for the whole year to 23 billion dollars. ExxonMobil’s earnings were driven by higher energy prices over the past period, which was reflected […]

Oil prices are turning up, and Brent crude is near $91 Oil prices turned up about 1% during trading on Thursday, with Brent crude rising near $91 a barrel, with geopolitical concerns continuing to support prices. Oil prices were lower in early trading, with the US dollar gaining after indications that the Federal Reserve will […]

2021 saw significant growth in demand for LNG-powered vessels on the high seas. More than 10 operators announced multiple orders for vessels throughout the year; This reflects the awareness of shipowners and operators of the environmental and climate benefits of using LNG. A new report, “Liquefied Gas as a Transition Fuel”, released by the Multi-Sectoral […]