The price of crude oil stayed around $80 for five years On Monday (February 6) local time, Saudi Arabia unexpectedly raised the price of its flagship crude oil for Asian buyers on expectations of a recovery in oil demand, particularly from China.
Month: February 2023
Data provider S&P Global Platts has released its annual list of the world’s 250 top energy companies for 2022. Saudi Aramco retained the top spot, with Petrobras and Lukoil in second and third place. The top ten are all global oil giants.
On February 7, Weatherford released its financial statements for the fourth quarter of 2022 and the whole year of 2022. According to the financial report, Weatherford’s revenue in the fourth quarter of 2022 was $1.209 billion, up 8% month-on-month and 25% year-on-year;