Tag: exceed
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Saudi oil exports to China exceed expectations and rise 12%
Saudi oil exports to China exceeded expectations last June, registering an increase of 12% compared to May 2023. Total Saudi oil shipments to China amounted to about 7.92 million metric tons last month, or 1.93 million barrels per day, according to data seen by the specialized energy platform. The amount of Saudi oil exports to…
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Tolo Oil starts operating the Jubilee project in Ghana.. reserves exceed one billion barrels
Yesterday, Friday, July 14, 2023, the Tolo Oil Company announced the start of operation of the southeastern Jubilee project off the coast of Ghana, and revealed future development plans within the project, which are expected to be completed before the end of this year. The operation step came after the company, which is listed on…
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Novak expects oil prices to exceed $80 per barrel and talks about the OPEC+ meeting
Russian Deputy Prime Minister Alexander Novak expected oil prices to exceed $80 a barrel by the end of this year (2023). He said that the current Brent crude prices, which range between 75 and 76 dollars per barrel, reflect the market’s assessment of the global macroeconomic situation, according to the data reviewed by the specialized…
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Agency: Iraqi oil exports will not exceed 3.3 million barrels per day in May
Iraqi oil exports in May 2023 are expected to remain close to last month’s levels, given the continued suspension of production in the Kurdistan Region of Iraq and exports via Turkey. Additional Iraqi oil export capacity from the southern export ports in the Persian Gulf is “limited,” a senior Iraqi oil official told S&P Global…
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The salary of the former Shell president in 2022 will exceed $ 11 million
The former Shell boss’s salary in 2022 once again highlighted record oil companies’ profits in 2022, benefiting from higher energy prices in the wake of Russia’s invasion of Ukraine. And the company revealed – in its annual report, which was reviewed by the specialized energy platform – that former CEO Ben van Burden received a…
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US ConocoPhillips profits exceed $ 18 billion in 2022
US company ConocoPhillips posted record profits in 2022 of $18.7 billion, or $14.57 per share, benefiting from higher prices in the wake of Russia’s invasion of Ukraine. Last year’s profits compare to $8.1 billion, or $6.07 per share, the company achieved in 2021, according to a press release seen by the specialized energy platform. The…
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Will oil prices exceed $100 in 2023? Anas Al-Hajji answers
Energy platform editing advisor, energy economics expert Dr. Anas Al-Hajji, said that there are those who hope that oil prices will rise in the current year (2023) above the $100 level. Al-Hajji explained, during an episode of the program “Energy humanitiesHe presented it on Twitter under the title “Oil Markets Outlook for 2023,” that a…
