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Summary Israeli forces take control of vital Rafah crossing US crude and product inventories expected to have fallen Saudi Arabia raises official selling prices in June LONDON, May 7 (Reuters) – Oil steadied on Tuesday as weakness in the physical market countered concern about conflict in the Middle East as Israel stepped up attacks in …
Oil Steadies as Weak Physical Markets Balance Middle East Tensions Read More »
The amount of natural gas flowing to Freeport LNG’s export plant in Texas rose to a two-month high on Sunday in what energy traders said was another sign that the plant was wrapping up a series of outages over the past month or so.The startup and shutdown of Freeport and other U.S. liquefied natural gas …
U.S. Natgas Flows to Freeport LNG in Texas Rise to 2-Month High – LSEG Read More »
(Reuters) – Allete said on Monday a partnership led by Canada Pension Plan Investment Board and Global Infrastructure Partners would acquire the U.S. utility for $6.2 billion, including debt. The partnership would pay $67 per share in cash for all outstanding common shares of Allete, a premium of nearly 19.1% to the company’s closing share price …
U.S. Utility Allete Goes Private in $6.2 Bln Deal Read More »
May 3 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row, to the lowest since January 2022, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of …
U.S. Oil and Gas Rig Count Falls to Lowest Since January 2022 – Baker Hughes Read More »
Gasoline demand growth to slow this year on EV growth in China, U.S. Summary China to make up more than half of global EV sales in 2024, impact gasoline demand European margins to weaken after new Nigeria refinery ups output U.S. gasoline consumption likely to be flat in 2024 -analysts (Reuters) – Global petrol demand …
Gasoline Demand Growth to Slow This Year on EV Growth in China, U.S. Read More »
Summary Prospects for Israel-Hamas truce narrow Saudi Arabia hikes June crude oil prices for most regions China’s April business sentiment rises, data shows (Reuters) – Oil futures climbed on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect of a Gaza ceasefire deal appeared slim, renewing fears the Israel-Hamas …
Oil Climbs as Gaza Tensions Rise, Saudi Arabia Hikes Prices Read More »
Transforms ExxonMobil’s upstream portfolio by more than doubling the company’s Permian footprint Combines Pioneer’s sizeable acreage, entrepreneurial culture and deep industry expertise with ExxonMobil’s balance-sheet strength, advanced technologies and industry-leading project development capabilities Transitions Pioneer’s 2050 net-zero Permian goal to a 2035 plan SPRING, Texas–(BUSINESS WIRE)–Exxon Mobil Corporation (NYSE: XOM) today announced it has closed its …
ExxonMobil Completes Acquisition of Pioneer Natural Resources Read More »
Occidental Petroleum is exploring a sale of a part of its operations in the Permian Basin that could fetch more than $1 billion for the energy producer, according to people familiar with the matter. The company’s divestment effort is linked to Occidental’s broader plan to slash its debt, which stood at $18.5 billion at the …
Occidental Explores Sale of Permian Assets Worth Over $1 Billion Read More »
May 3 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row, to the lowest since January 2022, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of …
US Oil and Gas Rig Count Falls to Lowest Since January 2022 – Baker Hughes Read More »
The British petroleum giant is back in the Gulf of Mexico as the US gets stuck between the black stuff and going green By Javier Blas Javier Blas is a Bloomberg Opinion columnist covering energy and commodities. He is coauthor of “The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources.” …
Biden, BP and the High-Stakes Sequel to Deepwater Horizon Read More »
