Summary Sept hike of 548,000 bpd agreed, sources say ahead of meeting Virtual meeting starts at 1100 GMT on Sunday Oil supported by US demands for India to stop buying Russian oil (Reuters) – OPEC+ has reached a preliminary deal to increase oil production by 548,000 barrels per day from September, three sources said on …
OPEC+ Agrees in Principle to Another Large Oil Output Hike, Sources Say Read More »
Indian officials have said they would keep purchasing oil from Russia despite the threat of penalties that U.S. President Donald Trump said he would impose, the New York Times reported on Saturday. Reuters could not immediately verify the report.The White House, India’s Ministry of External Affairs and the Ministry of Petroleum and Natural Gas did …
India Will Buy Russian Oil Despite Trump’s Threats, NYT Reports Read More »
(Reuters) – A look at the day ahead in European and global markets from Stella Qiu: It is tariff deadline day and President Donald Trump delivered by slapping fresh levies on imports from dozens of countries, including those that do not have a trade deal yet. Rates were set at 35% for Canada, 25% for …
COMMENTARY: ‘Tariffs – Use This Version, Please’ Read More »
LNG Canada’s announcement to begin the development of Phase 2 follows reports of early technological problems at the new plant.
SM Energy’s extra 8,791 bbl/d from Utah’s Uinta Basin in the second quarter went to Houston, Salt Lake City and other refineries. “We just moved more cars,” said COO Beth McDonald.
Glenfarne aims for Texas LNG to reach FID at the end of 2025.
Enbridge CEO Greg Ebel says U.S.-bound demand growth for Canadian crude remains strong for the midstream giant and “our customers, at this point in time, really want to go south” to reach premium markets.
Exxon Mobil is interested in value deals—not buying volumes—in future M&A, a strategy employed when the supermajor acquired Pioneer Natural Resources.
Cortec purchased Power Chokes, strengthening its position in choke, valve and automation product manufacturing.
By Erwin Seba Oil prices head for weekly gain US tariffs on dozens of countries take effect on August 1 Investors weigh impact from Trump threats over Russian oil HOUSTON, Aug 1 (Reuters) – Oil prices $2 a barrel on Friday because of jitters about a possible increase in production by OPEC and its allies, …
Oil Falls $2 a Barrel on Worries About OPEC+ Supply, US Jobs Data Read More »
