Wednesday, August 6, 2025
Column: China drew on crude oil inventories in December, unlikely to become a trend- oil and gas 360

Column: China drew on crude oil inventories in December, unlikely to become a trend

Reuters LAUNCESTON, Australia – China appears to have drawn on its crude stockpiles in December, the second time in three months, as the world’s biggest oil importer uses some of the massive surplus it built up last year. China processed 1.24 million barrels per day (bpd) more crude oil in its refineries in December than was available from imports and

Oil billionaire Dan Wilks takes active stake in hard-hit ProPetro- oil and gas 360

Oil billionaire Dan Wilks takes active stake in hard-hit ProPetro

Reuters Prominent shale investor Dan Wilks on Tuesday reported a 7.5% active stake in troubled oilfield services firm ProPetro Holding Corp through an investment vehicle, saying he may choose to push the company for a sale or other alternatives. Dan Wilks and his brother Farris Wilks made their fortune on the shale boom through a company they founded called Frac

Halliburton points to oil industry recovery after profit beat- oil and gas 360

Halliburton points to oil industry recovery after profit beat

Reuters Halliburton Co on Tuesday predicted a recovery in the global oil and gas industry from the second quarter after the oilfield services provider beat profit estimates on cost cuts and modest gains in activity following last year’s slump. Crude oil prices are holding to gains from a rebound in late-2020 from a coronavirus-induced slump, with Brent crude hovering around

OPEC "cautiously optimistic" oil market will recover in 2021- oil and gas 360

OPEC “cautiously optimistic” oil market will recover in 2021

Reuters LONDON – OPEC’s secretary general said on Tuesday he was cautiously optimistic the oil market would recover this year from the slump in demand brought about by the coronavirus pandemic. Monthly meetings of the Organization of the Petroleum Exporting Countries (OPEC) and its allies led by Russia – a grouping known as OPEC+ – are there to stop an