Oil

Auto Added by WPeMatico

U.S. Oil Stockpiles Rise More Than Forecast, Gasoline Builds to Feb 2022 High – EIA

Conventional Energy, Latest, Oil, US News / By

U.S. crude oil stockpiles rose unexpectedly last week while fuel inventories grew by more than expected, with gasoline building to its highest level in nearly two years, the Energy Information Administration (EIA) said on Wednesday. Crude inventories rose by 1.3 million barrels in the week ended Jan. 5 to 432.4 million barrels, the EIA said, …

U.S. Oil Stockpiles Rise More Than Forecast, Gasoline Builds to Feb 2022 High – EIA Read More »

COMMENTARY: U.S. Oil and Gas Production Growth Starts to Decelerate: Kemp

Conventional Energy, Drilling Rigs, Latest, Natural Gas, Oil, US News / By

U.S. oil and gas production continued to climb in October, but there were indications of both starting to flatten and turn down in response to lower prices since the middle of 2022. Oil production from the Lower 48 states excluding Alaska and federal waters in the Gulf of Mexico rose to a record 10.9 million …

COMMENTARY: U.S. Oil and Gas Production Growth Starts to Decelerate: Kemp Read More »

Biden’s Oil Policies Threaten the Next Energy Crisis, Trade Group Warns

Conventional Energy, Latest, Natural Gas, Oil, US News / By

Declaration comes after US oil production hit a record in 2023 Head of industry trade group Mike Sommers spoke in interview By Jennifer A Dlouhy – Bloomberg US oil and gas production is booming, but policies being imposed now could jeopardize the country’s energy might, the industry’s top trade group is warning Washington. That sobering outlook …

Biden’s Oil Policies Threaten the Next Energy Crisis, Trade Group Warns Read More »

COMMENTARY: War, Wind and Solar Spell Trouble for Gas Bulls

Conventional Energy, Latest, Oil, Renewable Energy, Solar, US News, Wind / By

With supply rising rapidly and use in power generation threatened, overseas demand for LNG is the only bright spot around. By Liam Denning Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column. It is …

COMMENTARY: War, Wind and Solar Spell Trouble for Gas Bulls Read More »

Surging Freight Rates Close the door on US Crude Oil Shipments to Asia

Conventional Energy, Latest, Oil, US News / By

(Reuters) – The economic incentive to import oil from the U.S. Gulf Coast to Asia has closed as the cost of booking supertankers on the route has surged amid a jump in bookings for the vessels, traders said this week. With the arbitrage for U.S. shipments closed, Asian refiners may make up some of the …

Surging Freight Rates Close the door on US Crude Oil Shipments to Asia Read More »

Oil Steadies as Middle East Tensions Offset Economy Concerns

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

Summary Libya’s 300,000 bpd of supply still offline U.S. crude stocks fall by 5.2 million barrels, API reports Euro zone facing possible recession, ECB VP says U.S. oil output to touch a record high in 2024 Coming up: EIA supply report, 1530 GMT (Reuters) – Oil steadied on Wednesday, giving up most of its earlier …

Oil Steadies as Middle East Tensions Offset Economy Concerns Read More »

U.S. Crude Production to Reach Record High in 2024, EIA Says

Conventional Energy, Latest, Oil, US News / By

U.S. crude production will rise to record highs in 2024 and 2025, but will grow less than it did last year, the U.S. Energy Information Administration (EIA) said on Tuesday. In its Short-Term Energy Outlook (STEO), EIA projected U.S. crude production will rise by 290,000 million barrels per day (bpd) to 13.21 million bpd this …

U.S. Crude Production to Reach Record High in 2024, EIA Says Read More »

Enverus Releases its 2024 Outlook – Focus on the Shifting Dynamics of Oil and Gas, Energy Transition and Geopolitics

Conventional Energy, Latest, Natural Gas, Oil, Press Releases, US News / By

FOR IMMEDIATE RELEASE Jon Haubert | 303.396.5996 Enverus releases its 2024 Outlook  Series of reports focus on the shifting dynamics of oil and gas, energy transition and geopolitics AUSTIN, Texas (Jan. 9, 2024) — Enverus, the most trusted energy-dedicated SaaS company, has released its 2024 Outlook that includes a series of reports discussing topics the organization believes …

Enverus Releases its 2024 Outlook – Focus on the Shifting Dynamics of Oil and Gas, Energy Transition and Geopolitics Read More »

Shale’s Shift to All-Stock Deals Gives It Muscle Against OPEC Maneuvers

Conventional Energy, Energy Topics & Technology, Latest, Oil, Shale, US News / By

APA Corp.’s $2.6 billion purchase of Callon Petroleum Co. extends the industry’s strategy of lining up drilling sites without piling on debt. Permian Basin oil and natural gas output may grow in 2024, though at a slower pace than last year. The new year in the shale patch kicked off much as the old one ended, with a hefty all-stock takeover. …

Shale’s Shift to All-Stock Deals Gives It Muscle Against OPEC Maneuvers Read More »

Oil Tankers Continue Red Sea Movements Despite Houthi Attacks

CDN and International News, Conventional Energy, Latest, Oil / By

(Reuters) – Oil and fuel tanker traffic in the Red Sea was stable in December, even though many container ships have rerouted due to attacks by Iran-aligned Houthi militants, a Reuters analysis of vessel tracking data showed. The attacks have driven up shipping costs sharply along with insurance premiums, but have had less impact than …

Oil Tankers Continue Red Sea Movements Despite Houthi Attacks Read More »

Subscribe
Subscribe