Auto Added by WPeMatico
U.S. President Donald Trump’s administration has prepared additional sanctions it could use to target key areas of Russia’s economy if President Vladimir Putin continues to delay ending Moscow’s war in Ukraine, according to a U.S. official and another person familiar with the matter. U.S. officials have also told European counterparts that they support the EU …
A summary of Fossil Future Chapter 4, part 1 of 3 By Alex Epstein This is the fourth of the “Alex Notes” on my book Fossil Future—like Cliff’s Notes, but actually written by the author. (See #1, #2, and #3). Myth: Fossil fuels have made the planet less livable. Truth: Fossil fuels have made the planet incomparably more livable, …
COMMENTARY: How Fossil Fuels Make Earth More Livable Than It’s Ever Been – Alex Epstein Read More »
By Erwin Seba Benchmarks pare early-day gains spurred by Thursday’s sanctions Brent, US crude both gain over 7% in the week Chinese state oil majors to suspend Russian oil purchases Indian refiners set to cut their Russian crude imports HOUSTON, Oct 24 (Reuters) – Oil prices fell on Friday as skepticism crept into the market …
Oil Slips on Skepticism About US Commitment to Russian Oil Sanctions Read More »
(Reuters) – Baker Hughes CEO Lorenzo Simonelli said on Friday the global macro environment remains resilient through 2025, despite geopolitical and policy headwinds, supported by the rapid deployment of generative artificial intelligence driving power demand and industrial activity. Simonelli said the company remains confident of reaching $1.5 billion in data center orders ahead of its …
Baker CEO Says 2025 Resilience Driven by AI Growth, Sees Oil Investment Slowdown Read More »
(Reuters) – U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since September, 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, rose by two to …
US Drillers Add Oil and Gas Rigs For Second Week in a Row, Says Baker Hughes Read More »
(Reuters) – Mexico’s state-owned oil company Pemex has paid down off half its debts to suppliers since President Claudia Sheinbaum took office in October 2024, the company’s chief executive said on Friday. CEO Victor Rodriguez said in a presentation to Congress that the company had paid 300 billion pesos to suppliers as of September, and …
Mexico’s Pemex Says Supplier Debt Down 50% Under Current Government Read More »
By Georgina McCartney (Reuters) – HOUSTON, Oct 24 – North Dakota oil production is expected to have climbed slightly in September but is on track to fall in the longer term as wells undergo a natural decline, the state regulator said on Friday. North Dakota is home to the Bakken oilfield, a massive shale field …
(Reuters) – Oil production in North Dakota fell 10,000 barrels-per-day (bpd) to 1,153,000 bpd in August, monthly data from the state Industrial Commission showed. Bakken and Three Forks oil production stood at 1,124,000 bpd in the month. The data was released on the North Dakota Industrial Commission’s general statistics webpage and has been rounded to …
(Reuters) -Spot premiums in crude markets jumped on Thursday on expectations that U.S. sanctions on top Russian producers will spur China and India’s demand for supplies from the Middle East, Africa and South America, trade sources and analysts said. Washington hit major suppliers Rosneft and Lukoil with sanctions over the Ukraine war, sparking concerns over …
Spot Crude Premiums Jump as US Sanctions on Russian Producers Drive China, India Demand Read More »
(Reuters) – HOUSTON, OCT 24 – There are currently 28 active rigs in North Dakota, up from 27 in September, according to the state’s Department of Mineral Resources on Friday. There are currently 13 frac crews operating in the state, up from 12 in September. North Dakota is the third largest oil-producing state in the …
Rig Count, Frac Crew Count Rise in North Dakota, State Regulator Says Read More »
