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U.S. President Donald Trump said on Wednesday his administration would quickly fill up the Strategic Petroleum Reserve, which he criticized his predecessor, former President Joe Biden, for tapping to bring down the price of gasoline.“We’ll fill it up fast,” Trump told a conference in Miami.
ANKARA, Feb 19 (Reuters) – Turkey has yet to receive confirmation from Iraq on the resumption of oil flows through the Iraq-Turkey pipeline, Turkish Energy Minister Alparslan Bayraktar told Reuters on Wednesday. Iraq’s oil minister said on Monday that oil exports from the semi-autonomous Kurdistan region will resume next week, resolving a near two-year dispute …
Turkey Says ‘Nothing Yet’ on Iraq Oil Pipeline Restart Read More »
Two large earthquakes that hit the Permian basin, the top U.S. oilfield, this week have rattled the Texas oil industry and put a fresh spotlight on the water disposal practices that can lead to increases in seismic activity, industry consultants said on Tuesday. A magnitude 5.0 quake struck on Feb. 14, followed by a magnitude …
Pair of Large Quakes Rattle Texas Oil Patch, Putting Spotlight on Water Disposal Read More »
(Reuters) – U.S. natural gas futures jumped about 8% on Tuesday to a three-week high, as extreme cold in some parts of the country cut output by freezing oil and gas wells, while gas flows to liquefied natural gas (LNG) export plants reached records and forecasters predicted more cold weather and higher heating demand over …
US NatGas Prices Jump 8% to 3-Week High as Cold Freezes Wells Read More »
By Tanay Dhumal Feb 18 (Reuters) – Occidental Petroleum (OXY.N) said on Tuesday that it had struck two deals in the current quarter to divest some upstream assets to undisclosed buyers for a total of $1.2 billion, although its current-quarter production forecast fell short of expectations. The transactions, which include Rockies non-operated assets and Permian …
Occidental to Divest Some Upstream Assets for $1.2 Billion Read More »
(Reuters) – The North Dakota Pipeline Authority said oil production was estimated to be down between 120,000 and 150,000 barrels of oil per day, as of Tuesday morning, due to the recent extreme cold and related operations challenges. North Dakota is the third-largest oil-producing state in the United States. Associated wellhead natural gas production was …
North Dakota Sees Up to 150,000 bpd Hit to Oil Production Due to Cold Weather Read More »
BRASILIA, Brazil (AP) — Brazil’s government on Tuesday approved joining OPEC+, a group of major oil-exporting nations, signaling the country’s evolution into a major oil state just nine months ahead of hosting the United Nations’ annual climate summit. The National Council for Energy Policy’s approval came in response to an official invitation in 2023. The …
Brazil to Join OPEC+, Group of Major Oil-Exporting Nations Read More »
Three years after it shipped its first LNG cargo, and after a two-year dispute with its customers, Venture Global LNG will begin commercial operations at its Calcasieu Pass plant in Louisiana on April 15, the company said on Monday. Long-term customers including Shell and BP have been notified of the start of commercial operations, the company said. …
** RBC and J.P.Morgan start coverage on U.S. liquefied natural gas (LNG) company Venture Global with a bullish rating ** JPM starts coverage with “overweight” rating and $25 PT; RBC starts coverage with “outperform” and $20 PT ** Shares of VG up at 1.88% at $16.26 premarket ** Both brokerages began coverage following the expiry …
RBC, JPM Start Coverage on Venture Global With Bullish Rating on Rising LNG Demand Read More »
Oil producer group OPEC+ is considering pushing back a series of monthly supply increases due to begin in April despite calls from U.S. President Donald Trump to lower prices, Bloomberg News reported on Monday citing delegates.Global oil markets remain too fragile to revive production now, the report cited one delegate as saying, adding that another …
OPEC+ Considers Delay to April Oil Supply Increases Read More »
