Oil

Auto Added by WPeMatico

Record U.S. Oil and Gas Production Keeps Prices Under Pressure: Kemp

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

U.S. production of oil and gas set new seasonal records in December, capping off an unprecedented year, according to data published by the U.S. Energy Information Administration (EIA) on Thursday. Production continued to climb even as prices slumped from the very high levels seen in mid-2022 after Russia’s invasion of Ukraine, contributing to the accumulation …

Record U.S. Oil and Gas Production Keeps Prices Under Pressure: Kemp Read More »

OPEC Oil Output Rises by 90,000 Bpd in February, Survey Finds

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

OPEC oil output rises by 90,000 bpd in February, survey finds (Reuters) – The following table shows crude output by the Organization of the Petroleum Exporting Countries (OPEC) in millions of barrels per day (bpd) in February and January, according to a Reuters survey published on Thursday. OPEC and allies, together known as OPEC+, announced …

OPEC Oil Output Rises by 90,000 Bpd in February, Survey Finds Read More »

Oil Producers May Not Share Analysts’ Views of a Tighter Market

Conventional Energy, Latest, Oil, US News / By

The disruption in the Red Sea has pushed the amount of crude in transit to a six-month high. Oil analysts and executives from across the industry are starting to sound more upbeat than they have for a while at International Energy Week in London. Speakers at events taking place around the main conference painted a picture of …

Oil Producers May Not Share Analysts’ Views of a Tighter Market Read More »

Oil Prices Steady as Market Awaits Interest Rate Cues

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

PCE price index expected to be released at 1330 GMT U.S. crude stockpiles build for fifth straight week Market eyes potential extension to OPEC+ supply cuts LONDON, Feb 29 (Reuters) – Oil prices were little changed Thursday as investors kept their powder dry ahead of U.S. data expected to offer further clues on the outlook …

Oil Prices Steady as Market Awaits Interest Rate Cues Read More »

Oil Falls on Fed Rate Cut Caution and Stocks Build

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

Summary Federal Reserve appears in no rush to cut interest rates U.S. crude inventories rise OPEC+ to consider extending supply curbs (Reuters) – Oil prices pulled back on Wednesday as the prospect of delays to U.S. interest rate cuts and a jump in U.S. crude stocks that trounced expectations offset a boost from a potential …

Oil Falls on Fed Rate Cut Caution and Stocks Build Read More »

A MUST WATCH: How Much Energy Will the World Need? – Let’s Compare Political “Dream” to Energy “Reality” – Mark Mills

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

Are we heading toward an all-renewable energy future, spearheaded by wind and solar? Or are those energy sources wholly inadequate for the task? Mark Mills, Senior Fellow at the Manhattan Institute and author of The Cloud Revolution, compares the energy dream to the energy reality.    

Oil and Gas Upstream M&A Deal Value Hits Highest Q1 Levels Since 2017

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Natural Gas, Oil, US News / By

An ongoing consolidation in the U.S. shale industry has driven up global M&A deal value in the oil and gas exploration sector to its highest first-quarter level in seven years, industry experts said. Deals worth more than $55 billion have been announced in the first two months of 2024, according to analytics firm Enverus, as …

Oil and Gas Upstream M&A Deal Value Hits Highest Q1 Levels Since 2017 Read More »

Oil and Gas Upstream M&A Deal Value Hits Highest Q1 Levels Since 2017

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Natural Gas, Oil / By

An ongoing consolidation in the U.S. shale industry has driven up global M&A deal value in the oil and gas exploration sector to its highest first-quarter level in seven years, industry experts said. Deals worth more than $55 billion have been announced in the first two months of 2024, according to analytics firm Enverus, as …

Oil and Gas Upstream M&A Deal Value Hits Highest Q1 Levels Since 2017 Read More »

Commentary: Buffett Could Simply Say He’s Betting Oil Prices Go Up

Conventional Energy, Latest, Oil, US News / By

Praising Occidental’s voluminous production and contribution to energy security simply reminds investors of the industry’s decade of excess. 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. Not to say Warren Buffett’s …

Commentary: Buffett Could Simply Say He’s Betting Oil Prices Go Up Read More »

Russia Bans Gasoline Exports for 6 Months From March 1

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

Summary Russia to ban gasoline exports from March 1 PM Mishustin has approved the ban Gasoline prices are sensitive ahead of election MOSCOW, Feb 27 (Reuters) – Russia on Tuesday ordered a six-month ban on gasoline exports from March 1 to keep prices stable amid rising demand from consumers and farmers and to allow for …

Russia Bans Gasoline Exports for 6 Months From March 1 Read More »

Subscribe
Subscribe