Saudi Aramco Profit $US42.43 billion With Decline in Refining and Chemicals Margins

The Kingdom of Saudi Arabia controlled Saudi Aramco Oil reported on Monday third quarter earnings of $US42.43 billion down from the previous quarter’s record high. Profit was driven by higher crude-oil prices and volumes sold. Profits were up from up from $30.43 billion in the same period a year earlier. The result follows big oil rivals record profits. The UK’s BP, Netherland’s Shell, America’s ExxonMobil, the largest U.S. oil company, Chevron and Phillips 66 all crushed earnings on surging oil and gas … Continue reading “Saudi Aramco Profit $US42.43 billion With Decline in Refining and Chemicals Margins”

Saudi Aramco Profit Soars 90pc to Record $US48.4 billion

The Kingdom of Saudi Arabia controlled Saudi Aramco Oil reported on Sunday record second quarter earnings of $US48.4 billion. The company estimate was $46.2 billion. Profits were up 90 per cent from $US25.5 billion a year earlier. The result follows big oil rivals record profits. The UK’s BP, Netherland’s Shell, America’s ExxonMobil, the largest U.S. oil company, Chevron, Phillips 66 and Occidental all crushed earnings on surging oil and gas prices. Oil prices have pulled back around 15% since suggesting these record profits … Continue reading “Saudi Aramco Profit Soars 90pc to Record $US48.4 billion”

Crypto Wrap Up: Bitcoin & Ethereum Collapse, US CBDC and Russia Ban Crypto

This week’s Crypto Wrap KnovaWave & Meta Johnny discuss a big week for crypto, the collapse of Bitcoin and Ethereum and alt coins heads us off. They discuss the use Of Bitcoin in South America and The US Fed’s paper on CBDC. The story behind the banning of Crypto in Russia and China as geopolitical tension hits fever pitch. Ethereum Money and Payments: The U.S. Dollar in the Age of Digital TransformationJanuary 2022 Executive Summary For a nation’s economy to … Continue reading “Crypto Wrap Up: Bitcoin & Ethereum Collapse, US CBDC and Russia Ban Crypto”

Blackstone’s Byron Wien Annual List of Surprises for 2022

One of the most widely followed analysts on Wall Street, Byron Wien issued his list of the Ten Surprises of 2022. Wien, 88 is a former Morgan Stanley strategist who has put out his “surprises” list since 1986. Now Vice Chairman in the Private Wealth Solutions group at Blackstone put out the list with Chief Investment Strategist Joe Zidle, What is a Surprise Byron defines a “surprise” as an event that the average investor would only assign a one out … Continue reading “Blackstone’s Byron Wien Annual List of Surprises for 2022”

HIVE Blockchain Technologies Increase Bitcoin Mining Capacity To $200 Million Annual Run Rate

HIVE Blockchain announced its global operations are producing a BTC equivalent operational hash rate of 1.675 EH/s from its Bitcoin and Ethereum operations, an annual run rate of $200 million. $HVBT was the first cryptocurrency mining company with a green energy and ESG strategy.