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(Reuters) – Oil prices slipped on Thursday, reversing earlier gains, on news that Saudi Arabia, the world’s top crude exporter, will give up on its price target in preparation for raising output. Brent crude futures were down $1.27, or 1.7%, to $72.19 a barrel, while U.S. West Texas Intermediate crude fell $1.18, also 1.7%, to …
Oil Prices Slide on Prospects Saudi Arabia to Raise Output Read More »
About 29% of crude production and 17% of natural gas output in the U.S. Gulf of Mexico were shut in response to Hurricane Helene, the U.S. Bureau of Safety and Environmental Enforcement said on Wednesday. Energy producers had shut-in 511,000 barrels per day of oil production and nearly 313 million cubic feet of natural gas …
About 29% of Crude Production Shut in Gulf of Mexico Due to Hurricane Helene Read More »
(Reuters) – U.S. oil inventories fell across the board last week, the Energy Information Administration said on Wednesday, drawing down more than expected and with crude oil stockpiles hitting their lowest level in nearly 2-1/2 years. Crude stocks dropped by 4.5 million barrels to 413 million barrels in the week ended Sept. 20, the EIA …
US Oil Inventories Fall More Than Forecast, Crude at 2-1/2-Year Low, EIA Says Read More »
Donors events planned in Houston, oil-rich Midland on Oct. 2 Republicans have fallen behind Democrats in fundraising race Donald Trump is planning a fresh fundraising swing through Texas, with plans to court donors in oil country as he seeks to narrow a cash gap with Kamala Harris in the final weeks of the presidential campaign. The itinerary includes …
Trump Plans Texas Oil Country Donor Blitz to Shrink Money Gap With Harris Read More »
(Reuters) – The chief executive of Italian energy group Eni expects Brent oil prices to recover to around $80 per barrel in the coming months. “Oil (is seen) at around $80 per barrel, while for natural gas in Italy we can (expect a price of) 30 euros per megawatt hour,” Claudio Descalzi said on the sidelines …
Eni CEO sees Brent oil price around $80 per barrel in Q4 Read More »
(Reuters) – Oil prices slipped on Wednesday as investors reassessed whether China’s latest stimulus plans will be able to boost its economy and spur fuel demand in the world’s largest crude importer. Still, declining U.S. crude oil and fuel stockpiles, and more violence in the Middle East, provided some support for the market. Brent crude …
Oil Dips as Investors Weigh Whether New China Stimulus Will Boost Demand Read More »
By Alex Lawler and Fabio Teixeira 2045 demand forecast up 3 mln bpd from last year’s outlook OPEC extends forecast to 2050, with demand at 120.1 mln bpd OPEC sees no peak demand, unlike BP and IEA forecasts OPEC calls for $17.4 tln investment in oil industry by 2050 LONDON/RIO DE JANEIRO, Sept 24 (Reuters) …
OPEC Boosts Long-Term Oil Demand Outlook, Driven by Developing World Growth Read More »
Bloomberg One of the top investors in US oil and natural gas companies says the nation’s shale producers are no longer in a position to aggressively ramp up output and give consumers a break on energy prices. “The US shale revolution has run its course,” Wil VanLoh, chief executive officer at Quantum Energy Partners LLC, said Monday …
U.S. Shale Revolution Has ‘Run Its Course,’ Quantum’s Wil VanLoh Says Read More »
“Under this new law, you’re guilty unless you prove your innocence to some back-room bureaucratic body. That’s simply not a Canadian concept.” Photo by THE CANADIAN PRESS/Sean Kilpatrick In its latest display of environmental correctness, the federal government passed a new anti-greenwashing law that requires individuals or organizations making claims or promises about the climate …
Canada’s Federal Greenwash Law Bill C-59: You’re Guilty Until Proven Innocent Read More »
Oil production in North Dakota fell 18,000 barrels per day (bpd) to 1.168 million bpd in July, monthly data from the state Industrial Commission showed on Monday. Wells permitted jumped to 107 in July and 100 in August, versus 78 in June. The state needs to permit roughly 100 wells in a month to keep …
