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HOUSTON, Dec 19 (Reuters) – The number of active rigs and hydraulic fracturing crews has fallen in North Dakota, according to the state’s Department of Mineral Resources on Friday. North Dakota currently has 27 active rigs, down from 28 in November, while seven hydraulic fracturing crews are operating in the state, down from 10 last …
North Dakota Rig Count, Frac Crew Count Falls, State Regulator Says Read More »
(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row for the first time since August, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, …
US Drillers Cut Oil and Gas Rigs for Second Week in a Row, Says Baker Hughes Read More »
By Lucia Kassai The tanker Hyperion, sanctioned by the US for having shipped Russian oil, will likely be the first ship to test President Donald Trump’s naval blockade of Venezuela. The vessel recently arrived in Amuay, home to Venezuela’s largest refining complex, according to vessel movements tracked by Bloomberg. It loaded supplies in Murmansk, Russia, …
Sanctioned Tanker Hyperion to Test Trump’s Blockade of Venezuela Read More »
By Ron Bousso LONDON, Dec 19 (Reuters) – Oil prices slumped below $60 a barrel this week as investors try to make sense of U.S. President Donald Trump’s push to end the war in Ukraine and force out Venezuelan President Nicolas Maduro. Yet the real driver of prices in the months ahead is likely to …
COMMENTARY: Surging Barrels at Sea Spook Oil Markets More Than Russia or Venezuela Read More »
By Scott Disavino Brent and WTI down about 2% this week EU loans Ukraine 90 billion euros for defense Central banks signal possible change in stance on interest rates NEW YORK, Dec 19 (Reuters) – Oil prices were little changed on Friday as the market waits for news about a possible Russia-Ukraine peace deal and …
Oil Prices Little Changed as Market Waits for News on Possible Russia-Ukraine Peace Read More »
U.S. President Donald Trump said he was leaving the possibility of war with Venezuela on the table, according to an interview with NBC News published on Friday. “I don’t rule it out, no,” he told NBC News in a phone interview. Trump also said there would be additional seizures of oil tankers near Venezuelan waters, …
Trump Says He is Not Ruling Out War with Venezuela, NBC News Reports Read More »
(Reuters) – U.S. Senator Ron Wyden has contacted seven maritime shipping companies as part of an inquiry into cartel-linked fuel smuggling between the United States and Mexico, asking the firms to explain their vetting procedures for ensuring their tankers aren’t used to transport illicit hydrocarbons, according to copies of the letters seen by Reuters. The …
US Senator Presses Tanker Giants Over Cartel-Linked Fuel Smuggling at Sea Read More »
Summary Potential supply glut from OPEC+ and US weighs on prices Venezuela oil export operations continue despite US sanctions Analysts predict lower prices could curb supply, preventing price freefall (Reuters) – Oil prices were little changed on Friday and poised for a second straight weekly decline as a potential supply glut and prospects of a …
Oil Set for Second Straight Weekly Decline on Supply Outlook Read More »
(Reuters) – Saudi Arabia’s crude oil exports hit their highest level in two and a half years in October, data from the Joint Organizations Data Initiative (JODI) showed on Thursday. Crude exports from the world’s largest oil exporter increased to 7.100 million barrels per day (bpd), higher than September’s 6.460 million bpd, and their highest …
Saudi Arabia Crude Exports Rise to Two-and-a-Half Year High in October Read More »
Japan Petroleum Exploration said on Thursday it will acquire Verdad Resources Intermediate Holdings LLC (VRIH), which owns tight oil and gas assets in the U.S. for $1.3 billion in its largest-ever deal. JAPEX will buy VRIH, which holds assets in Colorado and Wyoming, from Verdad Resources Feeder LLC using a mix of its own funds …
Japan’s JAPEX Buys US Tight Oil and Gas Assets in $1.3 Billion Deal Read More »
