(Reuters) – OPEC cut its estimate for China’s crude oil demand growth in 2024 for a third straight month in October, but the producer group is still massively optimistic given the reality of falling imports. The latest monthly report by Organization of the Petroleum Exporting Countries (OPEC) said China’s crude oil demand will expand by …
OPEC Trims Its China Crude Demand Forecast, but Nowhere Near Enough Read More »
(Reuters) – The Russian General Prosecutor’s office was seeking to collect more than 1 billion euro ($1.09 billion) in damages from international energy major Shell the RIA news agency reported on Tuesday, citing the Moscow Arbitration court. Russia’s Prosecutor General earlier this month filed a lawsuit against eight units of Shell, which quit Russia following the start …
Russia Seeks Over $1 Billion in Damages From Shell, Report Says Read More »
TotalEnergies expects lower Q3 results amid outages, shrinking refining margins PARIS, Oct 15 (Reuters) – French oil major TotalEnergies expects its third-quarter downstream results to sharply decrease due to a 65% drop in refining margins in Europe and elsewhere, the company said on Tuesday amid a drop in global oil prices. TotalEnergies’ shares were around …
TotalEnergies Expects Lower Q3 Results Amid Outages, Shrinking Refining Margins Read More »
Post-acquisition of Endeavor Energy, Diamondback Energy has property in 18 West Texas counties. While analysts wait to hear what will be sold, Endeavor is up-shifting D&C efficiencies down to $625 per lateral foot.
Summary Brent, WTI down 4% Israeli PM Netanyahu says willing not to strike Iran oil targets OPEC, IAE cut global oil demand growth outlook (Reuters) – Oil prices tumbled more than 4% to a near two-week low on Tuesday due to a weaker demand outlook and after a media report said Israel is willing to not strike …
Oil Plunges as Iran Supply Disruption Concerns Ease, Demand Outlook Weakens Read More »
Mexico’s state-owned Pemex has shut-in three units at its 320,000 bbl/d Deer Park refinery after a hydrogen sulfide leak injured 35 and left two dead.
Here’s a roundup of the latest E&P headlines, including another delay at one of the largest gas fields in the world and two major contracts in West Africa.
Geopolitical tensions around the world are an ongoing wildcard for oil prices in the near-term, according to BOK Financial Securities’ Dennis Kissler. U.S. producers will have to pivot off of whatever hand they are dealt.
WhiteHawk Energy, in pursuit of a merger with PHX Minerals for at least 18 months, has proposed an offer representing a 17% premium to the mineral company’s 30-day average weighted price.
Halliburton’s Nathan Snoke said the company’s 105 years of experience focused on the subsurface enables it to store hydrogen underground and at a lower cost.
