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Wednesday, December 10, 2025

May 2020

The world’s ‘largest all electric commercial aircraft’ completes its first flight- oil and gas 360

The world’s ‘largest all electric commercial aircraft’ completes its first flight

May 29, 2020

CNBC The planet’s “largest all electric commercial aircraft” has completed its maiden flight, the latest example of a zero-emission form of transport taking to the skies. The Cessna 208B Grand Caravan took off from an airport in Moses Lake, Washington, on Thursday and used a 750-horsepower all-electric motor developed by a Redmond-headquartered company called magniX. Work to convert the aircraft

U.S. rig count had an increase of 1 this week, at 255- oil and gas 360

U.S. rig count decreased by 17 this week, at 284

May 29, 2020

Oil and Gas 360 This week’s Baker Hughes rig count shows that U.S. had a decrease of 17 over last week, resulting in a total count of 284 rigs. Canada had an increase of 1 over last week, resulting in a total Canadian count of 21 rigs. Breakdown by region Of the regions tracked by Baker Hughes, only one region,

Oil analysts see prices edging up but still capped below $40/bbl: Reuters poll- oil and gas 360

Oil analysts see prices edging up but still capped below $40/bbl: Reuters poll

May 29, 2020

Reuters Oil prices will gradually gain this year with demand improving and supply falling, although tensions between the United States and China are hanging over the coronavirus-hit market, a Reuters poll showed on Friday. The survey of 43 analysts forecast Brent crude would average $37.58 a barrel in 2020, about 5% above April’s $35.84 consensus, but still lower than the

The Incoming Glut -Excessive Levels of Heavy Crude Supply in a Saturated Market - oilandgas360

The Incoming Glut: Excessive Levels of Heavy Crude Supply in a Saturated Market

May 29, 2020

RarePetro Oil & Gas 360 Publishers Note:  Kevin Olson has assembled great data points about the influx of fifty million barrels of foreign crude oil to the United States, and may offset most of the production cuts. Pushing out any kind of recovery on our producers. This brings up the question: Should Donald Trump, or Congress, get involved in eliminating

The Incoming Glut -Excessive Levels of Heavy Crude Supply in a Saturated Market - oilandgas360

The Incoming Glut: Excessive Levels of Heavy Crude Supply in a Saturated Market

May 29, 2020

RarePetro Oil & Gas 360 Publishers Note:  Kevin Olson has assembled great data points about the influx of fifty million barrels of foreign crude oil to the United States, and may offset most of the production cuts. Pushing out any kind of recovery on our producers. This brings up the question: Should Donald Trump, or Congress, get involved in eliminating

OPEC delivers three quarters of record oil cut in May: survey- oil and gas 360

OPEC delivers three quarters of record oil cut in May: survey

May 29, 2020

Reuters LONDON – OPEC oil output hit the lowest in two decades in May as Saudi Arabia and other members started to deliver a record supply cut, a Reuters survey found, although Nigeria and Iraq are laggards in making their share of the reduction. On average, the 13-member Organization of the Petroleum Exporting Countries pumped 24.77 million barrels per day

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