Oil

Auto Added by WPeMatico

Lacking Shale Investment a Huge Obstacle, Major Investor Says

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

Capital for closely held drillers shrinking, Wil VanLoh warns Oilfield services providers have signaled smaller market Energy transition technologies receiving double the investment compared to oil and gas is becoming a major problem for the shale sector and for global supply-demand balances, said Quantum Capital Group Chief Executive Officer Wil VanLoh who manages $25 billion. Public shale …

Lacking Shale Investment a Huge Obstacle, Major Investor Says Read More »

Chevron Prepares for North Sea Exit After More Than 55 Years

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

(Reuters) – Chevron said it is set to launch the sale of its remaining UK North Sea oil and gas assets, in a move that would mark the U.S. energy giant’s exit from the ageing basin after more than 55 years. The planned divestment, confirmed to Reuters on Thursday, comes as Chevron prepares for the $53 …

Chevron Prepares for North Sea Exit After More Than 55 Years Read More »

Oil Prices Stabilize After U.S. Stock Drop and Slower Inflation

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

(Reuters) – Brent oil futures held steady on Thursday, bolstered by signs of stronger demand in the U.S. after slower than expected inflation in April and lower oil stocks in the past week. Brent crude futures were up 4 cents, or 0.05%, at $82.79 a barrel by 1120 GMT. U.S. West Texas Intermediate crude (WTI) …

Oil Prices Stabilize After U.S. Stock Drop and Slower Inflation Read More »

U.S. Crude, Gasoline and Distillate Inventories Fall, EIA Says

Energy Topics & Technology, Latest, Oil, Oilsands / By

U.S. crude oil, gasoline and distillate inventories fell last week as refining activity picked up, the Energy Information Administration (EIA) said on Wednesday. Crude inventories fell by 2.5 million barrels to 457 million barrels in the week ending May 10, the EIA said, compared with analysts’ expectations in a Reuters poll for a 543,000-barrel draw. …

U.S. Crude, Gasoline and Distillate Inventories Fall, EIA Says Read More »

OPEC+ Decision on Output Likely to Prioritize Dollars Over Demand

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC / By

 Ministers from the OPEC+ group of oil producers must agree to raise output when they meet June 1 if they really want to balance the market. That’s the implication of figures published by analysts at the Organization of Petroleum Exporting Countries and their counterparts at the International Energy Agency. OPEC published its monthly forecast Tuesday, …

OPEC+ Decision on Output Likely to Prioritize Dollars Over Demand Read More »

IEA Trims 2024 Oil Demand Growth Forecast, Widening Gap with OPEC View

CDN and International News, Conventional Energy, Energy Topics & Technology, Forecasts, Latest, Oil, Tri-Pinned / By

The International Energy Agency (IEA) trimmed its forecast for 2024 oil demand growth on Wednesday, further expanding the chasm between it and oil producer group OPEC regarding the outlook for global oil demand this year. The Paris-based energy watchdog lowered its growth outlook for this year by 140,000 barrels per day (bpd) to 1.1 million …

IEA Trims 2024 Oil Demand Growth Forecast, Widening Gap with OPEC View Read More »

JPMorgan Chase & Co. CEO Met With Texas AG as State Bans Banks Over ESG Policies

Conventional Energy, Energy Topics & Technology, Finance, Latest, Natural Gas, Oil, US News / By

The April meeting with the JPMorgan CEO took place in New York Banks are being examined for their stance on oil and gas JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon met with Texas Attorney General Ken Paxton as the Republican official threatens to bar more banks from helping the state and its local governments sell bonds to raise …

JPMorgan Chase & Co. CEO Met With Texas AG as State Bans Banks Over ESG Policies Read More »

Arthur L. Irving, Billionaire Canadian Oilman, Dies at 93

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

His company, Irving Oil, owns more than 900 gas stations ‘He’ll be considered one of the great oilmen in North America’ Arthur L. Irving, the Canadian billionaire who modernized the nation’s largest refinery, expanded a network of service stations bearing his family’s name and helped win support for a cross-country oil pipeline, has died. He …

Arthur L. Irving, Billionaire Canadian Oilman, Dies at 93 Read More »

Heavy Oil Discount Steadies

Conventional Energy, Energy Topics & Technology, Latest, Oil, Oilsands / By

The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) held steady on Monday:* WCS for June delivery in Hardisty, Alberta, settled at $12.75 a barrel below WTI, according to brokerage CalRock, unchanged from Friday’s closing price. * Canadian heavy crude has strengthened this month as the …

Heavy Oil Discount Steadies Read More »

U.S. Oil Output in Top Shale Regions to Hit Six-Month High in June, EIA Says

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil, Pinned Primary, US News / By

U.S. oil output from top shale-producing regions will rise in June to its highest in six months, the U.S. Energy Information Administration (EIA) said in its monthly Drilling Productivity Report on Monday.Production in the top basins will reach 9.85 million barrels per day (bpd), its highest since December, the EIA said. Shale production, which represents …

U.S. Oil Output in Top Shale Regions to Hit Six-Month High in June, EIA Says Read More »

Subscribe
Subscribe