Summary • Brent and WTI climb • China’s Shandong Port blacklists U.S.-sanctioned oil vessels, traders say • Middle East market strength provides support • Economic data undermine demand hopes Jan 7 (Reuters) – Oil prices climbed on Tuesday reversing earlier declines, as fears of tighter Russian and Iranian supply due to escalating Western sanctions lent …
Oil Prices Rise as Concerns Grow Over Supply Disruptions Read More »
Summary • Advisers urge patience to avoid legal challenges • Biden’s LNG moratorium delayed key projects • Trump’s team considers extending comment period on LNG study (Reuters) – Advisers to U.S. President-elect Donald Trump are urging him to take a patient approach to restarting approvals for liquefied natural gas export licenses, fearing rapid approvals will …
Trump Promised Swift Action on LNG Exports, But Advisers Preaching Patience Read More »
The Patch’s maturity will be tested in 2025 amid ongoing consolidation and geopolitical dissonance.
Phillips 66 will buy EPIC’s NGL assets, including a 175,000 bbl/d pipeline that links production supplies in the Delaware and Midland basins and the Eagle Ford Shale to Gulf Coast fractionation complexes.
Jan 6 (Reuters) – Exxon Mobil (XOM.N) filed a lawsuit on Monday against California Attorney General Rob Bonta and several environmental groups, court records show. The lawsuit filed in the federal court in Beaumont, Texas includes a cause of action sounding in libel or slander, court records show. A copy of the complaint was not …
Exxon Mobil Sues California Attorney General, Environmental Groups Read More »
By Jan Lopatka Kyiv refused to extend transit deal for Russian gas Cancellation of German levy cuts cost of supplies via Germany Slovakia imports solely from Hungary PRAGUE, Jan 6 (Reuters) – Central European gas flows have adapted to the halt of Russian supplies through Ukraine on Jan. 1, as increased shipments to the region …
Central Europe Gas Flows Adjusted After Ukraine Transit Ends Read More »
By Timothy Gardner and Nidhi Verma U.S. to announce ‘very substantial package’ of sanctions, source says Russian oil companies, tankers, traders, insurers to be targeted, source says Tankers carrying oil above $60 per barrel price cap to be sanctioned, sources say WASHINGTON/NEW DELHI, Jan 6 (Reuters) – The Biden administration plans to impose more sanctions …
US Plans More Sanctions on Tankers Carrying Russian Oil, Sources Say Read More »
Randy Lentz and Sheridan Swords are both stepping into newly created executive leadership roles for ONEOK.
Here’s a roundup of the latest E&P headlines, including company resignations and promotions and the acquisition of an oilfield service and supply company.
Halliburton Energy Services and Coterra Energy’s initial rollout of their autonomous hydraulic fracturing technology led to a 17% increase in stage efficiency.
