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Sinopec Books Lower Profit for 2024 on Oil Price Slide

OilPrice

Chinas state oil major Sinopec reported a net profit of almost $7 billion for 2024, which represented a 16.8% decline on the year, attributed to lower oil prices and electric cars. In 2024, international crude oil prices fluctuated downward, the domestic transportation industry accelerated the replacement of new energy.

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Imperial Oil Q1 Earnings Rise on Higher Refining Margins

OilPrice

Canadian producer Imperial Oil booked a higher net income for the first quarter than a year earlier as industry refining margins improved. Net income rose compared to the fourth quarter, too, thanks to improved refining margins, which allowed Imperial Oil to book higher downstream margin capture. Imperial Oil, majority owned by U.S.

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Is A New Oil Price War Between The West And OPEC About To Break Out?

OilPrice

shale oil sector, as analysed in full in my latest book on thenew Quite the reverse, in fact, with enormous profits available from the failures of the enormously well-flagged and exceptionally predictable strategy of the 2014-2016 and 2020 Oil Price Wars -- launched by the Kingdom with the intention of destroying or disabling the U.S.

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EV Prices See Steep Drop Since Last Year, Says Kelley Blue Book

NGT News

report from Kelley Blue Book (KBB), a Cox Automative company. In June, the average EV ATP was $53,438, down from a revised $54,528 in May […] The post EV Prices See Steep Drop Since Last Year, Says Kelley Blue Book appeared first on NGT News. KBB says EV prices are continuing to fall, again led by Tesla.

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India’s Oil Imports From Russia on Track for 10-Month High

OilPrice

The strong Indian imports of ESPO crude are set to continue in June and July as refiners have booked more than 10 cargoes of the grade loading in June, traders told Reuters. Indian refiners have increased buying activity for lighter Russian grades, such as ESPO, showed the Kpler data cited by Reuters.

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Electric Vehicle Sales Grow 200 Percent Year over Year

NGT News

automotive market has experienced growth this year in nearly every vehicle segment, Kelley Blue Book reports no segment is growing more quickly than electrified vehicles, defined as the combined total of electric vehicles (EVs), hybrids and plug-in hybrids. According to an analysis of Q2 2021 data from Kelley Blue Book, sales of […].

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Nuclear’s Back—but Uranium Supply Isn’t

OilPrice

Therefore, efforts must begin immediately to secure the supply of the key nuclear fuel, the OECD Nuclear Energy Agency (NEA) and the International Atomic Energy Agency (IAEA) said in their Red Book report prepared jointly every two years.

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