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13.11.2024 - 18:30 [ United Nations ]

Sudan: Allies of warring generals ‘enabling the slaughter,’ Security Council hears

Ms. DiCarlo condemned not only the RSF attacks but also the indiscriminate airstrikes by the Sudanese Armed Forces (SAF) in civilian-populated areas such as the capital Khartoum and El Fasher, a major city in North Darfur hosting thousands of internally displaced which has been besieged for months by the RSF.

“Both warring parties bear responsibility for this violence,” she stressed.

She added that as the rainy season nears its end, both sides continue to escalate their military operations, recruit new fighters and intensify their attacks, fuelled by “considerable” external support and a steady flow of arms.

“To put it bluntly, certain purported allies of the parties are enabling the slaughter in Sudan. This is unconscionable, it is illegal, and it must end.”

(…)

The situation in Sudan has been in a freefall since the war erupted last April.

It is now the world’s worst displacement crisis, with more than 11 million people driven from their homes – nearly three million among them into neighbouring countries as refugees, according to the UN relief coordinating office, OCHA.

The war has also unleashed a severe hunger crisis, affecting millions.

04.11.2024 - 07:50 [ Daniel Neun / Radio Utopie ]

Why are the state leaders of China and Russia complying with U.S. sanctions against Iran, Venezuela, Syria, and Cuba?

(August 7, 2021)

Because they want to.

And almost 8 billion morons on the planet are too stupid to understand this, first of all the bunch who think they do other politics than the imperial complex, the war lobby, “political classes”, rulers and their courtiers.

04.11.2024 - 07:49 [ Middle East Eye ]

Iranian press review: China and Russia criticised over response to Israeli strikes

(November 2, 2024)

The daily continued to criticise the stances of these two countries, comparing them to some European nations that have tense relations with Iran.

As western sanctions against Iran have increased in recent years, Tehran has strengthened economic ties with Moscow and Beijing, with one key outcome being the sale of cheap oil to China.

24.10.2024 - 08:57 [ B’Tselem ]

The world must stop the ethnic cleansing of northern Gaza

For a year now, since the war began, the international community has shown utter impotence to stop the indiscriminate attack on civilians in the Gaza Strip. Now, when it is clearer than ever that Israel intends to forcibly displace northern Gaza’s residents by committing some of the gravest crimes under the laws of war, the world’s nations must take action.

Without immediate, decisive action from the international community, without using every tool available – political, legal, economic – the mass killings in the northern Gaza Strip will continue and the suffering of its besieged civilians will grow. All international bodies and institutions must act now to compel Israel to stop the war and end the carnage.

03.10.2024 - 21:20 [ CNBC ]

U.S. crude oil jumps as Biden comments on possible Israel retaliation against Iran

U.S. crude oil prices rose more than 4% on Thursday, on pace for a third consecutive session of gains on fears that Israel could strike Iran‘s oil industry in retaliation for Tehran‘s ballistic missile attack this week.

03.10.2024 - 21:11 [ New York Times ]

Oil Price Jumps After Biden Says ‘Discussing’ Israeli Strike on Iranian Facilities

The president was asked about a potential strike on the oil infrastructure of Iran, which accounts for about 2 percent of the world’s supply.

18.02.2024 - 12:30 [ Arctic Views / Twitter ]

OPEC Could end the war in Gaza almost immediately by cutting oil exports to Europe and the US.

04.02.2024 - 15:40 [ theCradle.co ]

Iraqi parliament calling to ditch US dollar for oil trade

(01.02.2024)

Washington imposed sanctions on Iraqi Al-Huda Bank this week, under claims of laundering money for Iran. Several other banks have been hit with similar sanctions over the past year.

The statement came the same day a senior US Treasury official said Washington expects Baghdad to help identify and disrupt the funds of Iran-backed resistance factions in Iraq.

03.01.2024 - 08:55 [ Middle East Eye ]

War on Gaza: OIC and Arab League must back South Africa‘s ICJ case on Israel

Beyond material progress and architectural marvels that rival ancient wonders, a truly progressive state is marked by its commitment to accountability and justice – a domain where some established democracies have faltered.

After enduring a harrowing 85 days of bombardment resulting in nearly 22,000 killed, including more than 8,000 children and 6,000 women, 1.9 million displaced and the collapse of the health infrastructure, South Africa, a signatory of the Genocide Convention has finally called upon the International Court of Justice (ICJ) to examine the crisis.

This long-awaited step reflects a crucial recognition of the international community‘s role in conflict resolution and human rights protection.

11.11.2023 - 02:45 [ Mir Aminul Islam / Twitter ]

Arab League, OIC and all generous people of the world should stand beside the innocent people of Palestine. OPEC should stop selling of oil to USA, Israel, UK and all other countries, who have been supporting Israeli Genocide in Gaza.

27.10.2023 - 15:36 [ Sana.sy ]

U.S. occupation loots more Syrian oil

(23.10.2023)

The U.S. occupation forces on Monday looted more Syrian resources from the areas they occupy in al-Jazeera as it transported new batch of the stolen oil into their bases in Iraqi territories.

A convoy of 35 tankers, loaded by the stolen oil of al-Jazeera fields, headed for bases in Iraqi lands via illegal al-Mahmoudieh crossing, local sources said.

07.10.2023 - 08:00 [ Reuters ]

OPEC+ panel holds oil policy steady as Saudi, Russia keep cuts

(October 4, 2023)

Russian Deputy Prime Minister Alexander Novak, speaking on the Rossiya-24 news TV station, said the joint cuts by Saudi Arabia and Russia had helped to balance the global oil market. „We are also fulfilling our obligations in full,“ he said.

Saudi Energy Minister Prince Abdulaziz bin Salman, who chairs the JMMC, last month said OPEC+ cuts were needed to stabilise the market, and prices were not being targeted.

07.10.2023 - 07:25 [ Times of Israel ]

Riyadh said willing to boost oil output to help clinch normalization deal with Israel

Saudi Arabia would be willing to boost oil production next year in a move aimed at earning goodwill with Congress toward a normalization agreement with Israel that would include a key mutual defense pact and weapons deal with Washington, the Wall Street Journal reported on Friday.

According to the report, which cited Saudi and US officials, Riyadh has told the White House it would be willing to increase oil production if crude prices are high to help secure the deal.

07.10.2023 - 07:22 [ Interfax.com ]

Russia maintaining plans to cut oil exports by 300,000 bpd until end of 2023; will assess changes in production volumes in Nov – deputy PM

(4 Oct 2023)

„Russia will continue the additional voluntary reduction in supplies to global markets by 300,000 bpd until the end of December 2023, which entered into force in September and October 2023,“ Novak said.

(…)

Novak recalled that the measure is in addition to the voluntary cut in reduction of 500,000 bpd announced in April, which will last until the end of 2024.

31.08.2023 - 17:52 [ Spokesman.com ]

Gabon soldiers seize power in OPEC member in latest coup

Gabon’s dollar bonds due June 2025 and November 2031 were the worst-performing in emerging markets on Wednesday. The 2025 notes fell 8.55 cents to 84.74 cents on the dollar as of 11:48 a.m. in London. Shares in French mining group Eramet SA, oil and gas producer Maurel & Prom SA and a listed unit of TotalEnergies SE, which all have operations in Gabon, sank in Paris trading.

23.08.2023 - 09:29 [ LiberationNews.org/ ]

3,000 more U.S. troops to the Persian Gulf: New conflict coming against Iran?

(August 18, 2023)

Even going by U.S. numbers, it is hard to see how the “seizure or attempted takeover of nearly 20 ships” over the course of two years constitutes an emergency. That is an average of less than one a month. Additionally, as Iran’s Navy has pointed out, some of the “seizures” have been cases of the Iranian Navy responding to distress signals from the commercial ships. None of these cases have involved fatalities or serious consequences of any sort.

The Iranian Navy asserting its will to board a few commercial ships and inspecting their cargo has, at least in part, been in reaction to the U.S. confiscation of ships carrying Iranian oil. The latest example of that was in April when the U.S. Navy seized and then confiscated the cargo of Suez Rajan, a Marshal Islands-flagged oil tanker, carrying Iranian oil to China.

23.08.2023 - 09:07 [ Washington Post ]

A tanker believed to hold sanctioned Iran oil starts offloading near Texas despite Tehran‘s threats

(August 20, 2023)

Iran has been trying to evade sanctions and continue selling its oil abroad, while the U.S. and its allies have been seizing cargoes since 2019 after the country’s nuclear deal allowing the trade collapsed.

23.08.2023 - 08:54 [ Nachdenkseiten ]

Piraten des Potomac: US-Regierung lässt Tanker mit iranischem Öl im Wert von 56 Millionen US-Dollar entführen und in Texas entladen

Mutmaßlich auf Befehl der US-Regierung wurde am Wochenende ein Tanker mit iranischem Öl im Golf von Mexiko beschlagnahmt. Laut vorliegenden Schiffsverfolgungsdaten wird die Ladung im Wert von weit über 50 Millionen US-Dollar derzeit in der Nähe von Houston (Texas) entladen. Der US-Senat will den Erlös der Kaperung „den Opfern von 9/11“ zukommen lassen. Stützen kann er sich dabei auf ein skandalträchtiges Urteil eines New Yorker Gerichtes, welches mit einer abenteuerlichen Begründung den Iran im März 2016 zu einer zweistelligen Milliardensumme Schadenersatz wegen der Anschläge vom 11. September 2001 verurteilt hatte.

21.08.2023 - 07:35 [ Amerika21.de ]

Präsident von Kolumbien wird Freihandelsabkommen mit den USA neu verhandeln

Petro bedauerte, dass sich die Wirtschaft heute auf den Export von Erdöl, Kohle und Kokain stütze und nicht mehr wie früher auf Kaffee. Während der Kaffeeexport im letzten Jahrhundert rund eine Million Arbeitsplätze geschaffen habe, seien es heute in der Erdölproduktion nur 150.000.

Für mehr Wohlstand im Land sei es daher wichtig, die Landwirtschaft anzukurbeln, indem die Kleinbäuer:innen Lebensmittel produzieren, die das Land heute importiert. Als Beispiel nannte er Mais. Obwohl dieses Getreide ursprünglich aus Kolumbien stamme, werde es heute vor allem aus den USA und Kanada importiert.

19.08.2023 - 16:52 [ Bloomberg ]

The Untold Story Behind Saudi Arabia’s 41-Year U.S. Debt Secret

(May 31, 2016)

The basic framework was strikingly simple. The U.S. would buy oil from Saudi Arabia and provide the kingdom military aid and equipment. In return, the Saudis would plow billions of their petrodollar revenue back into Treasuries and finance America’s spending.

It took several discreet follow-up meetings to iron out all the details, Parsky said. But at the end of months of negotiations, there remained one small, yet crucial, catch: King Faisal bin Abdulaziz Al Saud demanded the country’s Treasury purchases stay “strictly secret,” according to a diplomatic cable obtained by Bloomberg from the National Archives database.

19.08.2023 - 16:15 [ CNN ]

Saudi Arabia extends oil production cut even as US gas prices hit nine-month highs

(August 3, 2023)

It’s the second time the kingdom has extended the cut, which was first announced in June after a meeting of the alliance between Organization of the Petroleum Exporting Countries, Russia and other smaller producers.

At almost the same time, Russia announced plans to cut oil exports by 300,000 barrels per day, in September according to Reuters.

US oil prices rose 1.6% on Thursday to $81.05 a barrel. Brent crude, the world benchmark, jumped 1.5% to $84.50 a barrel.

04.08.2023 - 19:06 [ Reuters ]

Oil rises 2% as Saudi Arabia and Russia keep supplies tight

(August 3, 2023)

Oil prices gained about 2% on Thursday as Saudi Arabia and Russia took steps to keep supplies tight into September and possibly beyond.

01.05.2023 - 18:50 [ World Peace Foundation / Tufts University ]

Oil, Guns and Gold: The Violent Politics of Sudan’s Resource Booms

Sudan lost three-quarters of its oil resources after South Sudan’s separation in 2011. This paper explores the consequences of Sudan’s experience with traumatic decarbonization and how this informs thinking on the durability of systems of monetized political governance: political marketplaces. First, the lasting power of Sudan’s leftover oil shows that even in exceptional cases, where the loss of oil is so abrupt and deep, ruling regimes can cling onto power and maintain their position in the political marketplace. By exploiting the remaining oil resources and tapping into alternative resources, regimes can – at least temporarily – plug gaps in political budgets to maintain the patronage networks that ensure their political survival. Second, new resources, gold in Sudan’s case, do not necessarily change existing <strong>political marketplaces. Sudan demonstrates that even with new political figures at the top, political marketplaces often hold the same attributes as former ones. What new resources do influence, however, is who rises and who falls within a political marketplace. Finally, the paper shows how the fluidity and diversity of regional and international relations and commerce also allow domestic actors to maintain political marketplaces.

01.05.2023 - 11:00 [ Daniel Neun / Radio Utopie ]

Der kommende Ostafrika-Krieg

(12. Januar 2007)

Sudan, Somalia, Somalialand, Äthiopien, Djibouti, Uganda, Tschad, Kenia sind der Schauplatz eines sich entwickelnden Krieges um Rohstoffe und Territorialmacht zwischen dem angreifenden Westblock und ihren örtlichen Verbündeten einerseits und China andererseits.

Offener Krieg, psychologische Kriegsführung, die Zerschlagung von Staaten, die Einsetzung von Schattenregierungen, die Finanzierung von Terrorgruppen, das Schaffen von Guerilla-Phantomen und die fortwährende Berieselung der erblindeten, systematisch verdummten und hypnotisierten Bevölkerung des Westens mit nichtssagender Vernebelung sind Mittel eines seit dem 11.September geführten Weltkrieges, dessen neuer Schauplatz das Schlachtfeld Afrika, und dessen Triebkraft die alles korrumpierende Wirtschaftsordnung Kapitalismus ist.
Das Fachwort für diesen Zustand: Imperialismus.

01.05.2023 - 10:01 [ theGuardian.com ]

A war for our age: how the battle for Sudan is being fuelled by forces far beyond its borders

In this conflict frontiers have no significance, control of resources is the primary prize, with forces arising in borderlands seeking their revenge on once contemptuous metropolitan elites. Trafficking networks across swathes of desert are extensions of the “battlespace”, and almost innumerable actors with an axe to grind or an agenda to pursue vastly outnumber those who seek to stop the fighting.

All of this happens in a shadowy penumbra defined by backroom deals, obscure alignments of interests, brutal realpolitik and disinformation. The poor and the weak and the unarmed suffer most, as ever.

29.04.2023 - 06:29 [ Yahoo.com ]

Iran TV airs footage of commandos seizing US-bound tanker

The capture on Thursday of the Turkish-managed, Chinese-owned Advantage Sweet represents the latest seizure by Iran amid tensions with the U.S. over advancing nuclear program. While Tehran says the tanker was seized over it running into another Iranian vessel, it has provided no evidence yet to support the claim — and the Islamic Republic has taken other ships as bargaining chips in negotiations with the West.

29.04.2023 - 06:24 [ Tehran Times ]

Iranian navy seizes tanker that hit fishing vessel

The foreign oil tanker collided with an Iranian fishing boat in the Persian Gulf late on Wednesday, the public relations department of the Iranian Army said on Thursday.

“The seizure came after an unknown ship collided with an Iranian vessel last night on Wednesday in the Persian Gulf, causing several Iranian crew members to go missing and get injured,” the Army said on Thursday.

19.04.2023 - 16:57 [ Centre for Research on Energy and Clean Air (CREA) ]

The Laundromat: How the price cap coalition whitewashes Russian oil in third countries

Well into the second year of the full-scale invasion of Ukraine, the EU, most of the G7 countries, and Australia have cracked down on their imports of Russian crude oil and oil products. At the same time, these countries, which are all part of the price-cap coalition whose objective is to limit Russia’s revenues from fossil fuel exports, have increased imports of refined oil products by leaps and bounds from the countries that have become the largest importers of Russian crude oil.

19.04.2023 - 15:28 [ Oilprice.com ]

A Price Cap Loophole Is Undermining Sanctions On Russian Oil

Europe has boosted imports of refined petroleum products from countries that have raised imports of Russian crude oil, as a major loophole in the sanctions risks undermining the effectiveness of the price cap and embargoes, a report from the Centre for Research on Energy and Clean Air (CREA) showed on Wednesday.

The EU, Australia, and most of the G7 countries have banned direct imports of Russian crude oil, but they have raised indirectly imports of Russian oil by purchasing higher volumes of oil products from countries that have become the biggest buyer of Russia’s crude, the Finland-based center said.

19.04.2023 - 14:17 [ Oilprice.com ]

Prices Rally As Crude Oil, Products Draw Down

This week, SPR inventory dropped for the third week in a row losing another 1.6 million barrels for the week to reach 368 million barrels—the lowest amount of crude oil in the SPR since October 1983.

U.S. crude oil production rose during the week ending April 7, to 12.3 million bpd. U.S. production is now 800,000 bpd lower than the peak production seen in March 2020, but 500,000 bpd higher than this time last year.

19.04.2023 - 11:13 [ S&P Global ]

Sudan fighting prompts fears oil supply could be affected

Concerns were rising April 17 over oil production and exports in Sudan and its bigger-producing southern neighbor as fighting related to a vicious power struggle between military leaders rolled into a third day.

19.04.2023 - 10:54 [ ElMasarEnglish.com ]

Sudan supports OPEC’s decision to cut oil production

(October 19, 2022)

On Tuesday, the Sudanese foreign ministry voiced its support for OPEC +’s decision and denounced “the campaign” against Saudi Arabia.

“The Ministry of Foreign Affairs has closely followed the repercussions of the OPEC+ decision to reduce oil production (…), the campaign against the Kingdom of Saudi Arabia, and the attempts to blame it for the consequences of the decision.” the ministry said in a statement.

17.04.2023 - 16:19 [ Oilprice.com ]

U.S. Sends Delegation To Saudi Arabia To Discuss Energy And Security

(Apr 14, 2023)

White House Coordinator for the Middle East and North Africa and the U.S. Special Presidential Coordinator for Global Infrastructure and Energy Security visited Saudi Arabia officials on Friday to discuss regional security and energy matters.

17.04.2023 - 11:22 [ Yahoo.com ]

Oil Steady After Four Weekly Gains as IEA Warns of Price Rises

West Texas Intermediate futures traded above $82 a barrel after posting the longest run of weekly gains since June. A surprise production cut by OPEC+ will tighten the market more than previously expected and lead to further price increases, inflicting more pain on consumers, the IEA said on Friday.

17.04.2023 - 10:42 [ Fortune ]

Saudi Arabia’s national oil company raked in a record $161 billion profit last year, as the Ukraine war and OPEC+ drove a 46% increase

(12.03.2023)

Aramco boosted its dividend — a crucial source of funding for the Saudi Arabian government — to $19.5 billion for the final quarter, up 4% from the previous three-month period.

US and European peers such as Chevron Corp. and Shell Plc also reported blowout earnings and are returning billions of dollars to shareholders through larger dividends and buybacks. Aramco, until now, has instead focused on using its extra cash to increase output.

05.04.2023 - 10:04 [ Oilprice.com ]

Will OPEC’s Surprise Production Cuts Push Oil Prices To $100?

It was Saudi Arabia, the UAE, and Kuwait who led the surprise cuts, alongside OPEC’s second-largest producer Iraq and another half a dozen OPEC+ producers, including Russia.

While Russia’s extension of its own 500,000-bpd cut until the end of the year was no surprise – analysts had largely baked in a drop in Russian production in view of the embargoes and price caps on its oil – the move from OPEC’s heavyweights came as a surprise. And sent a clear message to the market—we are in charge.

05.04.2023 - 09:57 [ IndianPunchline.com ]

OPEC: Saudis aren’t afraid of US anymore

Independent but time-coordinated statements were made by Saudi Arabia, the UAE, Kuwait, Iraq, Algeria, Oman and Kazakhstan, while Russia confirmed its intention to extend until the end of the year its own production reduction by 500,000 barrels per day, which began in March.

Significantly, these statements have been made precisely by those largest oil producers in OPEC, who have a record of fully utilising their existing quota. Put differently, the reduction in production is going to be real, not just on paper.

21.03.2023 - 01:58 [ GlobalTimes.cn ]

Russia becomes China’s top oil supplier in Jan-Feb; energy acts as ‘ballast stone’ of bilateral trade

It is not the first time for Russia to top China‘s oil supplier list. In 2022, Russia shipped the most crude oil to China on a monthly basis in May and November. In terms of the whole year of 2022, Russia exported a total of 86.25 million tons of oil to China, ranking second after Saudi Arabia‘s 87.49 million tons, according to customs data.

Russia is also China‘s main source of natural gas and coal imports, and the „ballast stone“ role of energy in bilateral trade has been further highlighted, Chinese newspaper the Economic Daily reported on Monday, citing Chinese Ambassador to Russia Zhang Hanhui.

21.03.2023 - 01:50 [ RT.com ]

Why China is so important for the Russian economy

The Chinese currency, the yuan, has become a major player in Russia’s foreign trade, according to data from the country’s central bank. The share of renminbi in Russia’s import settlements jumped to 23% by the end of last year from only 4% in January 2022. The yuan’s share in export settlements also surged from 0.5% to 16%. At the same time, the two countries have been slashing the share of the US dollar and euro in their bilateral trade.

12.03.2023 - 20:46 [ rferl.org ]

Russia‘s War In Ukraine Helps Oil Giant Saudi Aramco Post Historic $161 Billion Profit In 2022

The announcement came off the back of energy prices rising after Russia launched its war on Ukraine in February 2022, with sanctions limiting the sale of Moscow‘s oil and natural gas in Western markets. Aramco‘s results mirror the huge profits seen at U.S. and British oil giants.

12.03.2023 - 20:29 [ ORF.at ]

Saudischer Ölkonzern Aramco meldet 161 Mrd. Dollar Gewinn

Der saudi-arabische Ölkonzern war erst 2019 an die Börse gegangen. Er ist das zweitwertvollste Unternehmen der Welt nach Apple. 2022 meldeten auch fünf weitere Ölgiganten Rekordgewinne: Shell, Chevron, ExxonMobil, BP und TotalEnergies.

10.03.2023 - 19:41 [ Wall Street Journal ]

Biden Turns the U.S. Into a Shadow Member of OPEC

(13.12.2022)

President Biden has urged the Organization of the Petroleum Exporting Countries to increase production of oil and criticized the cartel harshly when it declines to do so—most recently on Dec. 4. But actions speak louder than words. Under the Biden administration, the U.S. has been acting as shadow member of the cartel.

03.03.2023 - 18:40 [ Nasdaq.com ]

Big Oil to take centerstage at Houston meet as markets, alliances shift

The war in Ukraine sparked a rally in crude oil and fuel prices that led to record industry profits, prompting the U.S. government and others to accuse Big Oil of profiteering and for Britain and some other governments to impose windfall taxes on energy companies.

03.03.2023 - 18:18 [ Reuters ]

Oil prices down after report on UAE debating OPEC exit

Oil prices slumped on Friday after the Wall Street Journal reported that the United Arab Emirates had an internal debate about leaving OPEC and pumping more oil, but retraced some losses after a source told Reuters this was not true.

23.02.2023 - 20:22 [ New York Times ]

What Exxon and Chevron Are Doing With Those Big Profits

(Feb. 1, 2023)

The variables that will determine oil companies’ profitability this year are largely out of their control — in both supply and demand. The war in Ukraine could expand or not; a recession in the United States and Europe could be deep or averted entirely. Prices for fuels, and inflation generally, will largely depend on how events play out.

23.02.2023 - 19:48 [ Forbes ]

Shell Reports Record Profits As Oil Giants—Including Exxon, Chevron—Cash In On Sky-High Prices After Russian Invasion Of Ukraine

(Feb 2, 2023)

Shell reported an annual profit of nearly $40 billion in 2022, the highest in the firm’s 115-year history.

The figure is more than double the $19.3 billion the firm reported in 2021 and far greater than its previous record of $31 billion in 2008.

18.02.2023 - 17:59 [ Haaretz ]

Israel, Saudi Arabia Reportedly in Talks Over Increasing Military and Intelligence Ties

The talks between Israel and Saudi Arabia, which are backed by the U.S., were held before the U.S.-Gulf Cooperation Council Working Group gathering in Riyadh, which was focused on defense and security, Bloomberg reported several anonymous sources involved in the meetings as saying.

More meetings between the two countries are expected to occur this weekend in Prague, during the Munich Security Conference, according to several of the sources.

14.02.2023 - 07:54 [ TheNationalnews.com ]

Saudi Arabia warns sanctions on Russia could lead to energy shortages

(05.02.2023)

Western sanctions against Russia could result in a shortage of energy supplies in future, Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman said on Saturday.

He was answering a question at an industry conference in Riyadh over how trade measures would affect the energy market.

14.02.2023 - 07:48 [ Forbes ]

Shell Reports Record Profits As Oil Giants—Including Exxon, Chevron—Cash In On Sky-High Prices After Russian Invasion Of Ukraine

(Feb 2, 2023)

Shell reported an annual profit of nearly $40 billion in 2022, the highest in the firm’s 115-year history.

The figure is more than double the $19.3 billion the firm reported in 2021 and far greater than its previous record of $31 billion in 2008.