Quarterly Profit for Exxon Hits All-Time High, Almost Equals Apple's

On Friday, Exxon Mobil Corp. reported a quarterly profit that nearly matched that of tech giant Apple, shattering analysts' forecasts thanks to rising energy prices.

With rising natural gas and oil prices, the company's net profit for the third quarter of 2018 was $19.66 billion...

Gas and Oil Companies Grotesque Greed Should be Taxed- UN Chief

Antonio Guterres, the Secretary-General of the UN, called governments globally to charge extra taxes on gas and oil companies and their financial backers as they had become disgustingly greedy to make excessive profits. He stated that in midst of an energy crisis, making record profits from leech...

SAUDI ARABIA DECLARES OIL WAR WITH $25 PER BARREL

Highlights: 

• Russia and Saudi Arabia had a fall out on the issue of cutting oil production further 
• Saudi Arabia goes on a free production 
• Gets ARAMCO to overproduce to beat Russia in the oil global market 

It’s ...

North Dakota hopes to draw the petrochemicals industry to utilize growing NGL production

North Dakota producers are boosting not solely daily volumes of gas and oil, however additionally gas liquids, prompting state leaders to pursue a program to draw in the petrochemical industry to take a position in the Bakken.

Kringstad added that the Bakken produces bigger volumes of N...