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Page 21 - Efining News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Germany Set For Major Drop In Oil Consumption Amid Lackluster Economy

Germany, the European Union’s largest economy, is set to see a significant drop in oil consumption for 2023 as economic output shrinks, crimping demand for industrial fuels

Charles kennedyCiaran healyEuropean unionInternational energy agencyOil consumption

Oil May Be About To Go Down On Higher Costs

Oil shipping is one of the beneficiaries of increased geopolitical risk, but the rise in freight rates has also started to affect crude oil demand

Saudi arabiaUnited statesIsrael generalJohn kartsonasJames davisBaltic exchangeWarren buffet snaps up more occidental petroleumBreakwave advisorsWarren buffet snaps up more occidentalIrina slavOil pricesFreight ratesCrack spread

Middle East Producers Cautious To Hike Prices In Tight Market

Crude prices have continued to see support from ongoing tensions in the Middle East, and despite a reversal in crude prices, the overall supply picture remains tight

United statesAt ta mimAl basrahSaudi arabiaAbuz abyUnited arab emiratesIsrael generalAr riyaKhor al amayaIraq generalUmm luluJohan sverdrupAl zourGerald jansenAbu dhabiSaudi aramco

Phillips 66 Books Q3 Profit Below Expectations

Phillips 66 reported lower-than-expected profits in the third quarter despite strong refining margins.

United statesMark lashierCharles kennedyValero energyWall streetGulf coastLane riggsPhillips 66

Exxon Misses Profit Forecast Despite Strong Refining Business

Exxon’s third-quarter earnings came in below expectations despite record refinery throughput and higher oil prices.

Tsvetana paraskovaWall streetPioneer natural resourcesOil prices

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