Post Tagged with: "oil producers"

Source: Oil Price

The Top 5 Oil Producers of 2023

Oil Price


Defying earlier expectations of slowing growth, U.S. crude oil production has surged this year to extend America’s lead at the top of the ranking of the world’s biggest oil producers.  In September, U.S. oil output surged to a …

Source: Reuters

Canadian oil producers may wait for elections before cutting emissions

Oil Price


Several small-sized Canadian oil and gas producers prefer to wait and see if Prime Minister Justin Trudeau and his Liberals will survive the 2025 election instead of investing a lot of money and cutting production now to start …

Source: CNBC

Oil producers in a ‘dire situation’ and unable to ramp up output, says Oxy CEO

CNBC


As oil prices surge to the highest levels since 2008, Occidental Petroleum CEO Vicki Hollub said U.S. producers cannot increase output right away.

 

“We’re in a really dire situation,” she said Tuesday at CERAWeek by S&P Global. “We’ve …

Source: World Oil

Stakeholders getting their share after oil producers made a fortune

World Oil


(Bloomberg) — Skyrocketing oil prices have helped make oil and gas producers the best performers in the stock market this year, triggering a rapid rise in dividend payments and a bonanza of special dividends.

 

Now, some investors …

Source: World Oil

U.S. State Department adviser thinks Middle Eastern oil producers will boost supply

World Oil


(Bloomberg) — A U.S. energy envoy said he is confident Persian Gulf producers will increase oil output after President Joe Biden’s visit to Saudi Arabia, where he met with regional leaders.

 

“Based on what we heard on …

Source: Reuters

The price of frac sand has spiked 150% for Permian oil producers

World Oil


(Bloomberg) — Bumping along the desolate highways of the Permian Basin, the world’s busiest oil field, there are long stretches where all you see are drilling rigs, sage brush and miles upon miles of sand. That’s why it’s …

Source: CNBC

Oil producers in a ‘dire situation’ and unable to ramp up output, says Oxy CEO

CNBC


As oil prices surge to the highest levels since 2008, Occidental Petroleum CEO Vicki Hollub said U.S. producers cannot increase output right away.

“We’re in a really dire situation,” she said Tuesday at CERAWeek by S&P Global. “We’ve never …

March 8, 2022 - 2:30 pm Closing Bell Story‎, Crude Oil News, Energy News, People
Source: World Oil

Biden rattles his saber at oil producers as prices surge to 2014 high

World Oil


(Bloomberg) –The Biden administration is working with oil-producing countries to ensure supply rises to meet demand, according to the White House, as prices surge to the highest level in seven years.

The White House plans to continue to …

Source: Reuters

Oil producers eye long road to recovery as Texas begins to thaw

Reuters


NEW YORK – Shale oil producers in the southern United States could take at least two weeks to restart the more than 2 million barrels per day (bpd) of crude output that shut down because of cold weather, as …

Source: Reuters

Saudi minister: Oil producers must remain extremely cautious

Reuters


DUBAI – Saudi Arabian Energy Minister Prince Abdulaziz bin Salman said on Wednesday that it was too early to declare victory against the COVID-19 virus and that oil producers must remain “extremely cautious”.

“We are in a much better …

February 17, 2021 - 10:30 am Closing Bell Story‎, Crude Oil News, Energy News, International, OPEC
Source: Reuters

Oil producers will fight for market share as consumption growth slows: Kemp

Reuters


LONDON  – Petroleum consumption growth has been slowing for decades and the industry shows increasing signs of maturity, which will have profound implications for the business strategies of oil-producing companies and countries.

 

Slower growth will intensify intra-company and …

Source: Reuters

Trump administration putting trust in global oil producers ahead of OPEC+ meet

Reuters


WASHINGTON – The Trump administration believes ahead of an expected OPEC+ meeting this week that major oil producers such as Saudi Arabia and Russia will honor their pledges to cut crude production and will not damage the global economy …

Source: Reuters

Oil prices rise ahead of OPEC+ meeting on output cuts

Reuters


LONDON  – Oil prices rose on Tuesday to near three-month highs on expectations that major producers would agree to extend output cuts that have shored up prices, during a video conference likely to be held this week.

Benchmark Brent …

Source: CNBC

Oil jumps 12% to $33 as June futures contract nears expiration

CNBC


West Texas Intermediate for June delivery jumped more than 12% on Monday to a two-month high, one day ahead of the contract’s expiration, as production cuts and the easing of stay-at-home restrictions supported prices.

“Producers are significantly throttling back …

Source: Reuters

Oklahoma will let struggling oil producers halt output without breaking contracts

Reuters


Oklahoma’s energy regulator on Wednesday ruled in favor of an oil company’s emergency application to classify unprofitable production as economic waste, enabling producers to maintain leases when output is halted due to low prices.

The decision represents the first …

Source: Reuters

World’s biggest oil producers still at odds before talks on major cuts

Reuters


DUBAI/LONDON (Reuters) – The world’s top oil producers Saudi Arabia, Russia and the United States still seemed at odds on Wednesday before this week’s meetings on potentially big output cuts to shore up crude prices that have been hammered …

Source: CNBC

Oil prices could soon turn negative as the world runs out of places to store crude, analysts warn

CNBC


Global oil storage could reach maximum capacity within weeks, energy analysts have told CNBC, as the coronavirus crisis dramatically reduces consumption and some of the world’s most powerful crude producers start to ramp up their output.

The coronavirus pandemic …

Source: Reuters

OPEC+ deal collapse, virus double whammy to keep oil in $30s range – Reuters poll

Reuters


Oil prices are set to languish near current lows in coming months as the collapse of a deal among major producers to curb output hammers a market already reeling from falling demand due to the coronavirus, a Reuters survey …

U.S. Oil Sector Sets Another Record in Another Sign of Energy Independence

U.S. Oil Sector Sets Another Record in Another Sign of Energy Independence

From The Houston Chronicle


The U.S. energy sector broke another record last year as the shale boom sent natural gas and petroleum production soaring.

U.S. petroleum and natural gas production jumped by 16 percent and by 12 percent respectively in …

EnerCom Dallas investment conference

What’s not to Love? EnerCom Dallas Showcases Oil Producers in Southeastern Europe, U.S., Canada, South America

Strong EnerCom Dallas conference registrations point to 2017 energy sector uptick

EnerCom Dallas, EnerCom’s Texas-based oil and gas investment conference, will bring together a slate of upstream producers and oilfield technology innovators working in key global oil and gas jurisdictions. …