Latest News for: Oil analyst

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Equinor first-quarter profit down 37% on lower gas prices

Natural Gas World 25 Apr 2024
The Norwegian oil and gas producer's adjusted earnings before tax for January-March fell almost 37% to $7.53 billion but beat the $7.2 billion forecast in a poll of 22 analysts compiled by Equinor.
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Oil stays steady as market mulls concerns about US demand

Business Day 25 Apr 2024
“The current weakness in benchmark prices, after testing above $90 (a barrel) levels, is due to market sentiment refocusing on global economic headwinds over geopolitical tensions,” said Emril Jamil, senior oil analyst at LSEG Oil Research.
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Nov Inc.: Q1 Earnings Snapshot

my SA 25 Apr 2024
The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share. The oil and gas industry ...
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Valero Energy: Q1 Earnings Snapshot

my SA 25 Apr 2024
The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $3.18 per share ... Four analysts surveyed by Zacks expected $32.83 billion.
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The US should enforce, not increase, Iranian oil sanctions

Taipei Times 25 Apr 2024
Timm Schneider, an independent oil analyst, said that Iran has gotten quite good at ship-to-ship transfers, using variously flagged vessels, “which could make it easier for parties to argue they did not ‘knowingly’ buy Iranian crudes.”.
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Stocks retreat from record highs as institutional investors book profits

The News International 25 Apr 2024
“Stocks closed under pressure on institutional profit-taking in selected over-bought scrips and adjustments in the earning season,” said analyst Ahsan Mehanti at Arif Habib Corp. "Weak global crude oil ...
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Houston's energy M&A activity jumps in Q1 2024. Will it last?

Business Journal 25 Apr 2024
While Enverus says the momentum will likely not last throughout the year, a University of Houston ...
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Equinor: Q1 Earnings Snapshot

San Francisco Chronicle 25 Apr 2024
The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share. The oil and gas company posted ...
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Equinor records sharp fall in Q1 2024 results, cites lower gas prices

Offshore Technology 25 Apr 2024
However, the figure exceeded the $7.2bn forecast based on a survey of 22 analysts compiled by the company ... Equinor reported that in Q1, it produced 2.16 million barrels of oil equivalent per day, which aligns with analysts’ expectations.
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Saudi king leaves hospital after 'routine' tests: statement

The New Arab 25 Apr 2024
His reign as king has been marked by ambitious social and economic reforms largely managed by his son, who is trying to position Saudi Arabia for an eventual post-oil future.
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BOJ to check effects of rate hike amid weak yen at policy meeting

Kyodo 25 Apr 2024
(Kyodo) ... The conflict in the Middle East and rising crude oil prices are cited by analysts as risk factors ... Analysts are still divided over when the next interest rate hike will come ... After recent strong U.S ... Related coverage. ... dollar ... ....
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Inflation in Africa expected to come down slowly

Business Day 25 Apr 2024
The acute shortage of dollars in much of the continent, including Angola, Nigeria and Zambia, has often put home inflation under significant strain due to a reliance on single commodity currency inflows such as crude oil and copper.
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Oil lifts marginally as markets mull over fall in US stocks

Business Day 24 Apr 2024
In contrast, six analysts polled by Reuters had expected a rise of 800,000 barrels ... Analysts were still focused on the latest developments in conflicts in the Middle East, though the effects on oil supplies remained limited for now.
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Aker BP Q1 beats forecast as costs fall, Tyrving to start sooner

Natural Gas World 24 Apr 2024
The company, partly owned by BP, reported a net profit of $531 million for the January to March period, up from $187 million a year earlier, beating a $470 million forecast in a company-compiled poll of analysts.
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U.S. Refiners Set to Report Strong Q1 Earnings

Oil Price 24 Apr 2024
... the quarterly earnings of American oil refiners in the first quarter of 2024, analysts told Reuters.
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