The International Energy Agency reported that demand is likely to rise to 101.6 million barrels per day in 2023, driven by Chinese demand.
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State-owned energy major had a market cap of USD 2.43 on Wednesday (11), surpassing Apple, whose shares dropped.
The Russia-Ukraine war could switch the positions of the countries that take part in the global oil and gas industry.
Value of exports from the Arab countries to the Brazilian market stepped up 134% in January, driven by the mineral fuel prices.
The oil company posted several record numbers last year, including pre-salt production. The company has also increased its gasoline, diesel and jet kerosene sales.
The Gulf country will hold the event from March 13 to 17. It aims to unite entrepreneurs and institutions to present Oman as a new role model of sustainable development.
State-controlled Pré-Sal Petróleo will auction 55 million oil barrels from four fields on November 26. Brazilian exporters and trading firms can participate.
Solid bulk cargo accounted for 58% of the weight handled by Brazilian ports in the first half of the year, especially ore and oil. The Port of Vitória saw the highest hike.
Able to move around on its own, Annelida is a semi-autonomous robot that will help the industry save billions by cleaning oil ducts. The solution was inspired by peristaltic movements used by different animals, including the annelids.
The Gross Domestic Product of non-oil activities grew 5.7% in the first quarter of 2021. In the same period, total GDP fell.
Smart cities are an example of an investment that combines technology and sustainability in Arab countries, said Arab Brazilian Chamber secretary-general Tamer Mansour during the PetroTic seminar. The event took place online on Thursday (27).
Brazilian oil company performed well, driven by higher oil prices and lower operating expenses. Gross debt decreased and asset sales generated USD 210 million.
Despite low oil prices, Brazil’s state-run company managed to recover from nine months of deficit.
Global prospects report points out that the Arab country’s economy will grow by 1.8% in 2021.
