(Reuters Breakingviews) – Elliott Investment Management has a point about BP. Paul Singer’s activist investor group wants the $76 billion oil major, which reported on Tuesday, to cut costs more aggressively. Having allowed key operating expenses to balloon $10 billion since 2019 – or 30% – BP has minimal grounds to push back. Elliott, now BP’s …
Summary Brent projected to average $68.98 per barrel in 2025 WTI to average at $65.08 per barrel in 2025 For table of crude price forecasts, click (Reuters) – A demand outlook clouded by trade disputes between the U.S. and China coupled with OPEC+’s decision to unwind supplies will weigh on oil prices this year, a …
Oil Outlook Dims on Tariff Headwinds, Potential OPEC+ Supply Boost Read More »
Summary Brent, WTI down for a third session, hit lowest in over 2 wks Brent down around 15% so far in April China PMI falls sharply as Trump tariffs bite OPEC+ meeting on May 5, market fears another output hike (Reuters) – Oil prices extended declines on Wednesday and were set for their largest monthly …
Oil Prices Down, Poised for Biggest Monthly Fall Since 2021 Read More »
China blinked before implementing proposed 125% tariffs on ethane and ethylene from duties to protect their petrochemical business, Enterprise Product Partners CEO Jim Teague said.
Non-op Northern Oil and Gas (NOG) expanded its Midland Basin footprint with an acreage purchase in Upton County, Texas, from a private operator.
NOV Inc.’s CEO Clay Williams said he expects inflationary impacts and extended lead times as all global manufacturers simultaneously try “to rewire their supply chains.”
“I’ve been in this business a long time and I’ve never seen anything like it,” Malone Mitchell III, chairman and CEO of international explorer TransAtlantic Petroleum, said in Oklahoma City about trying to operate in New Mexico.
Flotek Industries Inc. said the assets include digitally enhanced mobile natural gas conditioning and distribution units to provide real-time gas monitoring and dual fuel optimization.
Three Bechtel workers died at Sempra Energy’s Port Arthur LNG construction site, and the company has halted work there until an investigation is completed.
By Laila Kearney NEW YORK, April 29 (Reuters) – U.S. electric utility Entergy (ETR.N) is looking to expand its nuclear power output by upgrading its existing plants across the U.S. South while it considers advanced nuclear technologies, company executives said on Tuesday. U.S. nuclear power, which is virtually carbon free, has been in high demand …
Electric Utility Entergy Eyes Adding More Nuclear Power in U.S. South Read More »
