ExxonMobil, Chevron use profits to cut debt amid market uncertainty
(Bloomberg) — ExxonMobil and Chevron used record second-quarter earnings to strengthen their balance sheets, directing billions of dollars…
TotalEnergies Profit Soars 68% as Oil Price Surge Lifts Earnings
TotalEnergies’ (TTE:NYSE) adjusted net income jumped by 68% from a year earlier to $6 billion for the second…
Europe Faces Diesel Crunch as Inventories Head Toward Multi-Year Lows
European diesel markets are set to further tighten as multiple supply disruptions have combined to drag inventories to…
Why Chevron Is Betting Big on Venezuela’s Heavy Crude
The headlines in early 2026 have been dominated by political upheaval in Caracas. Following the dramatic events of…
Davos 2026: Ample crude supply keeping oil prices stable despite geopolitics, says IOC’s A S Sahney | Exclusive
Global crude oil markets continue to remain well supplied despite ongoing geopolitical tensions, keeping prices largely stable, A…
Russian Oil Curbs to Slash Crude Prices, Boost IOC-BPCL-HPCL Margins in 2026
Ongoing restrictions on Russian crude and refined product flows, coupled with an oversupplied global oil market, are expected…
Crude Oil Market Outlook: Prices & Geopolitical Risks
Listen to David Fyfe, Chief Economist, break down the forces shaping prices, trade flows, and refining margins –…
Oil profits surge: State refiners’ Q2 earnings jump 457% despite lower Russian imports; global margins lift gains
Profits at India’s state-run oil refiners soared in the July–September quarter even as their dependence on discounted Russian…
Higher Refining Margins Help Marathon Petroleum Beat Q2 Profit Estimate
Marathon Petroleum (NYSE: MPC), the biggest U.S. refiner by volumes, topped the average analyst estimates for second-quarter earnings,…
Tight Fuel Markets Boost Profits for Oil Refiners
Refining capacity closures and resilient fuel demand have tightened global fuel markets in recent weeks, benefiting refiners globally.…
Refiners Defy Oil Price Slump With Strong Q1 Profits on Solid Margins
Despite slumping oil prices, global refiners are turning in strong first-quarter earnings, thanks to a sharp rebound in…
Good news for India? Crude oil prices to stay in $75-$80/bbl range over next six months
After a sharp rise in January 2025, global crude oil prices are expected to average between $75-$80 per…