Finance News – Oil
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Chevron and Exxon profits drop on falling oil price
Chevron and Exxon reported decreased profits due to declining oil prices, highlighting the industry's vulnerability to reduced demand amid ongoing trade tensions that could impact...
Read Full Article →Oil major Shell launches $3.5 billion share buyback after first-quarter profit beat
Shell announced a $3.5 billion share buyback following better-than-expected first-quarter profits, even as the broader oil industry experiences a decline in earnings compared to th...
Read Full Article →Shell: FTSE 100 giant’s shares rise after unveiling buyback and profit hit
Shell's first-quarter adjusted earnings of $5.58 billion exceeded expectations but reflected a significant decline from the previous year, influenced by lower crude oil prices amid...
Read Full Article →Trump says any country that buys oil from Iran will not be allowed to do any business with U.S.
The Trump administration’s stance on Iranian oil sales reflects a strategy to limit Iran's economic interactions, potentially influencing global oil markets and international busin...
Read Full Article →Investment funds in April: Energy plummets while property soars
In April, investment funds demonstrated contrasting performances, with energy funds declining significantly due to decreased oil prices, while property funds experienced considerab...
Read Full Article →An energy superpower? Oilpatch skeptical of Carney's support for the sector
Despite promises to enhance the economy and energy sector, many industry stakeholders remain doubtful about the likelihood of substantial policy changes from the re-elected Liberal...
Read Full Article →Oilpatch faces more frustration over federal environmental policies as Liberals take power again
The recent election results may hinder investment in the oil sector due to increased federal environmental regulations, causing concern among industry stakeholders about future fin...
Read Full Article →Russia's Crude Exports Fairly Stable Despite U.S. Sanctions, Goldman Says
Despite new U.S. sanctions, the volume of Russia’s oil shipments has remained relatively steady, suggesting limited disruption to the country’s revenue streams from crude exports a...
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