Africa Oil & Gas: Sonangol reports US$17.7Bi in 2018 revenues

Africa Oil & Gas: Sonangol reports US$17.7Bi in 2018 revenues

The turnover of the Sonangol Group in 2018 reached US$17.7 billion, according to Carlos Saturnino, the chairman of the board of the Angolan state oil company, speaking in Luanda. Advertisements

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Global Industry: ExxonMobil Earns $20.8 Billion in 2018

Global Industry: ExxonMobil Earns $20.8 Billion in 2018

Exxon Mobil Corporation today announced estimated 2018 earnings of $20.8 billion, or $4.88 per share assuming dilution, compared with $19.7 billion a year earlier. Excluding U.S. tax reform and asset impairments, earnings were $21 billion, compared with $15.3 billion in 2017.

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Global Industry: The Biggest Oilmen Of 2018

Global Industry: The Biggest Oilmen Of 2018

This year has been a crazy ride for the oil industry, which saw the price of Brent crude seesaw from $66.87 on the first day of the year, to a high of $86.29 in early October, back to $66.28 in mid-November—almost precisely back to where we started—and then closing out the year right before Christmas at a disappointing $54.10.

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Global Industry: OPEC Cuts 2018 Oil Demand Growth Forecast By 40,000 Bpd

Global Industry: OPEC Cuts 2018 Oil Demand Growth Forecast By 40,000 Bpd

OPEC expects global oil demand to grow at a daily rate of 1.5 million bpd this year, further slowing down to 1.29 million bpd in 2019, the organization said in the latest issue of its Monthly Oil Market Report. This is 40,000 bpd and 70,000 bpd lower in demand growth projections for 2018 and 2019, respectively, from last month’s report.

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