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Oil Settles Higher on Supply Concerns in the Mideast, Economic Woes Subdue Gains

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

(Reuters) – Oil prices settled higher on Friday, garnering support from tensions in the Middle East, but a strong dollar and U.S. inflation data quashed hopes that the Federal Reserve would cut interest rates soon, giving prices a ceiling. Brent crude futures settled up 49 cents, or 0.55%, to $89.50 a barrel. U.S. West Texas …

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Repsol to Drop Marcellus Rig in June

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Spain’s Repsol plans to drop its Marcellus Shale rig in June and reduce capex in the play due to the current U.S. gas price environment, CEO Josu Jon Imaz told analysts during a quarterly webcast.

TotalEnergies Looking at Primary Listing in New York, Says CEO

CDN and International News, Energy Topics & Technology, Finance, Latest / By

French oil major TotalEnergies is “seriously” looking at a possible listing in New York, Chief Executive Patrick Pouyanne told analysts on Friday, to move closer to a majority of U.S.-based shareholders. The Paris-based company says it has 47% of institutional shareholders in the United States, and 39% of all global shareholders are located there. “We …

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U.S. Drillers Cut Most Oil Rigs in a Week Since November – Baker Hughes

Drilling Rigs, Energy Topics & Technology, Latest, Tri-Pinned, US News / By

U.S. energy firms this week cut five oil rigs, the biggest weekly drop since November, energy services firm Baker Hughes said in its closely followed report on Friday.Meanwhile, the oil and gas rig count, an early indicator of future output, fell by six to 613 in the week to April 26, the lowest since February …

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