Chevron Earnings Top Estimates While Refining Swings to Loss
Chevron's first-quarter earnings surpassed expectations due to increased upstream profits driven by higher crude oil prices. However, these gains were partially offset by a significant swing to losses
Oil Rally Stalls as Iran Proposal Triggers Profit-Taking
Oil prices are poised to close the week below $110 per barrel after a volatile period. This decline is attributed to Iran's negotiation proposal, which has ease
OilPrice·May 1
Kazakhstan to Stick With OPEC+ After UAE Exit
Kazakhstan has announced it will remain within the OPEC+ framework, despite speculation it might follow the UAE in seeking to increase production outside of the
OilPrice·May 1
Syria Still Leans on Russia for Oil Supply
Despite Syria's supposed shift towards the West after its civil war and the deposition of the Russia-backed leader, Russia has significantly increased its oil e
OilPrice·May 1
Ukraine Hits Russian Black Sea Oil Port Four Times in One Week
Ukraine has reportedly struck the Russian Black Sea oil port of Tuapse with drones for the fourth time in a week. These attacks are aimed at disrupting Russian