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U.S. oil refiners are expected to have about 1.1 million barrels per day (bpd) of capacity offline for the week ending April 5, increasing available refining capacity by 29,000 bpd, research company IIR Energy said on Monday. Offline capacity is expected to fall to 847,000 bpd in the week ending April 12, IIR added. The …
U.S. Oil refiners’ Weekly Capacity Seen Up 29,000 Bpd, IIR Says Read More »
By Reuters TORONTO, March 31 (Reuters) – Canada is not interested in subsidizing future liquefied natural gas (LNG) projects, including electrification of projects currently in the works, Energy and Natural Resources Minister Jonathan Wilkinson said in a television interview on Sunday. Countries including Greece, Germany and Japan have expressed interest in purchasing Canada’s LNG while the …
(Reuters) – Oil prices were steady on Monday near five-month highs as markets expect tighter supply from OPEC+ cuts and attacks on Russian refineries while upbeat Chinese manufacturing data supported an improving demand outlook. Brent crude was 10 cents lower at $86.90 a barrel by 1115 GMT after rising 2.4% last week. U.S. West Texas …
Oil Stays Near Five-Month Highs as Tighter Supply Looms Read More »
DOHA, March 31 (Reuters) – QatarEnergy (QATPE.UL) CEO Saad Al Kaabi announced on Sunday that the company has finalised a number of charter contracts with several Asian ship owners to bolster its shipping fleet by 19 LNG vessels ahead of a massive expansion in LNG output. In a ceremony at its Doha headquarters state-owned QatarEnergy …
QatarEnergy to Charter 19 New LNG Vessels Expanding Fleet Further Read More »
SilverBow Resources Inc. says an offer by activist investor Kimmeridge Energy Management Co. to combine the Texas oil and natural gas producer with its own unit is far too low. The Houston-based company said in a letter to shareholders Thursday that Kimmeridge’s unsolicited offer to combine its Texas gas assets with SilverBow in exchange for 32.4 million shares priced at …
Gas Producer SilverBow Says Kimmeridge Offer Is Far Too Low Read More »
NEW YORK, March 27 (Reuters) – Fuel suppliers in Baltimore will face some trucking delays and other minor logistical issues after the collapse of a major bridge earlier this week shut the city’s port indefinitely, market participants said on Wednesday. A cargo ship smashed into the Francis Scott Key Bridge on Tuesday, causing parts of …
Baltimore Fuel Suppliers Face Logistical Challenges After Bridge Collapse Read More »
Canadian crude shipments to Los Angeles are surging, a possible preview of how an expanded pipeline that’s nearing startup may redraw flows along the Pacific Coast. Three tankers carrying a total of 1.74 million barrels have sailed from Vancouver to the biggest U.S. West Coast city in March, the most in at least four years, according …
Canadian Oil Flows to L.A. as Trans Mountain Pipeline Start Nears Read More »
Hess Corp on Thursday said in a securities filing that its board unanimously recommended shareholders vote in favor of the company’s sale to Chevron Corp, and that Exxon Mobil had initially supported the deal. The $53 billion deal’s closing has been delayed by a second request for information by the U.S. Federal Trade Commission and by contract arbitration …
Hess Board Recommends Shareholders Vote in Favor of Chevron Merger -Filing Read More »
Record oil production. Booming exports. Rapid jobs growth. Soaring CEO pay and shareholder returns. Almost no matter the metric, the U.S. oil and gas industry has flourished under President Joe Biden, even though his administration has pushed hard to transition the U.S. economy toward a carbon-free future to fight climate change. By Prinz Magtulis, Nichola …
Biden’s Oil Boom: How Fossil Fuels Thrived Despite the White House’s Climate Policies Read More »
Russia’s pledge to cut output has sparked talk of a return to triple digits, but there are obstacles ahead. Oil prices have the potential to rally to $100 a barrel by the end of the Northern Hemisphere’s summer, but there’s a lot that could send that forecast awry. Analysts at JPMorgan Chase & Co. have …
The $100 Oil Call Is Back – But There are Obstacles Ahead Read More »
