Summary Cuts could amount to 1 mln bpd – three sources Saudi minister told speculators to “watch out” JP Morgan says OPEC had not acted quickly enough VIENNA, June 2 (Reuters) – OPEC and its allies are discussing deepening oil production cuts, possibly by as much as 1 million barrels per day, three sources told …
June 2 (Reuters) – U.S. energy firms this week cut the number of oil rigs operating by the most since September 2021, reducing the overall count for a fifth week in a row, energy services firm Baker Hughes Co (BKR.O) said in its closely followed report on Friday. The oil and gas rig count, an …
US oil rig count falls by most since September 2021, Baker Hughes says Read More »
By Aaron Foyer Plastics series: The World of Plastics | What is Advanced Recycling? Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE Mechanical recycling and advanced recycling are two distinct approaches to recycling materials, each with its own characteristics and processes. Here’s an overview of the key differences between these two methods: Mechanical Recycling …
INFOGRAPHIC: The World of Plastics – The Advantage of Advanced Recycling – ENERGYminute Read More »
NEW YORK, May 31 (Reuters) – U.S. field production of crude oil rose in March to 12.696 million barrels per day, the highest since March 2020, when the COVID-19 pandemic began to decimate global energy demand, Energy Information Administration data showed on Wednesday. The higher crude output came as production in Texas rose 1.8% to …
US crude March output hits three-year high as Texas production grows, EIA says Read More »
LONDON, June 2 (Reuters) – Oil prices rose on Friday after a U.S. debt ceiling deal averted a default in the world’s biggest oil consumer, while attention turned to a meeting of OPEC ministers and their allies at the weekend. Brent crude futures rose 77 cents, or 1% to $75.05 a barrel by 0806 GMT, …
Oil Prices Rise After U.S. Debt Deal, All Eyes on OPEC Meeting Read More »
Exxon Mobil Chief Executive Darren Woods told an energy industry conference on Thursday he aims to double the amount of oil produced from its U.S. shale holdings over a five-year period using new technologies. “We are beginning to see the signs of some very promising new technologies” that will “significantly improve recovery” volumes, Woods said …
Exxon CEO says 5-Year Program Could Double its Shale Output Read More »
U.S. natural gas futures dropped about 4% on Thursday on record U.S. output and rising exports from Canada. Prices declined ahead of a federal report that is expected to show a bigger-than-usual storage build last week when mild weather limited demand for the fuel for both heating and cooling. The price decline occurred despite record …
US natgas futures drop 4% on record output ahead of storage report Read More »
Will supply more U.S. natural gas to Mexico and to LNG facility Reuters Canadian energy company TC Energy Corp.’s North Baja Pipeline LLC unit has received permission from U.S. energy regulators to put the North Baja natural gas pipeline expansion in Arizona and California into service. In a filing on May 30, the U.S. Federal …
TC Energy gets U.S. go-ahead to start service on natural gas pipeline expansion Read More »
Summary Debt ceiling bill passed by House of Representatives U.S. crude stocks up by 5.2 million barrels -market sources LONDON, June 1 (Reuters) – Oil steadied on Thursday as a potential pause in U.S. interest rate hikes and the passing of a crucial vote on the U.S. debt ceiling bill were offset by a report …
Oil steadies as U.S debt bill progress balanced by higher inventories Read More »
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