Saturday, November 30, 2024
Commodity trader Trafigura nearly doubles profit to hit record in FY 2021- oil and gas 360

Commodity trader Trafigura nearly doubles profit to hit record in FY 2021

Reuters Global commodity trader Trafigura Group made a record net profit for a second year running in its 2021 financial year after a strong performance across divisions and significant energy market dislocations. The Geneva-based company posted a net profit of $3.1 billion for its financial year ending Sept. 30, almost double the previous year. “Above all, the scale and resilience

At oil conference, low-carbon proposals steer clear of customer emissions- oil and gas 360

At oil conference, low-carbon proposals steer clear of customer emissions

Nasdaq HOUSTON, Dec 8  – As top oil and gas officials reconvene on Wednesday to discuss how they expect to respond to demands for more energy with lower greenhouse gas releases, one topic will be missing: Cutting emissions from customers’ fuel use. Exxon Mobil XOM.N and Pioneer Natural Resources PXD.N in sessions at this week’s World Petroleum Congress pledged to slash greenhouse gas emissions

Oil steadies near $75 as investors assess Omicron’s impact-oil and gas 360

Oil steadies near $75 as investors assess Omicron’s impact

CNBC Oil prices steadied above $75 a barrel in choppy trade on Wednesday, taking a breather after strong gains earlier this week, as investors assessed the impact of the Omicron coronavirus variant on the global economy and fuel demand. Brent crude futures were down 27 cents, or 0.4%, to $75.17 a barrel, after earlier rising by nearly $1. U.S. West