Monday, August 17, 2026
U.S. oil activity jumps as executives remain wary of OPEC, Biden - survey- oil and gas 360

U.S. oil activity jumps as executives remain wary of OPEC, Biden – survey

Reuters Activity and spending in U.S. oil fields is soaring this year as the industry recovers from 2020 pandemic-driven oil price crash, according to optimistic-but-wary energy company executives polled by the Federal Reserve Bank of Dallas in a survey released on Wednesday. While improved oil prices have boosted expectations for 2021, executives are cautious about the potential for Biden administration

Saudi Aramco sends request to banks for pipeline deal financing - sources- oil and gas 360

Saudi Aramco sends request to banks for pipeline deal financing – sources

Reuters DUBAI – Saudi Aramco has sent a request for proposals to banks for financing it wants to offer to investors looking to lease its pipelines, three sources said, a sign the oil giant is progressing with plans to extract value from its assets. Aramco, which is being advised by JPMorgan and Japan’s MUFG on the financing, has sent the

U.S.'s Blinken warned Germany's Maas about Nord Stream 2 sanctions- oil and gas 360

U.S.’s Blinken warned Germany’s Maas about Nord Stream 2 sanctions

Reuters BRUSSELS  – U.S. Secretary of State Antony Blinken said on Wednesday he had told his German counterpart that sanctions against the Nord Stream 2 natural gas pipeline were a real possibility and there was “no ambiguity” in American opposition to its construction. Berlin has so far been betting the new U.S. administration of President Joe Biden will take a

U.S. crude oil inventories decrease by 6.1 million barrels- oil and gas 360

U.S. crude oil inventories increase by 1.9 million barrels

Weekly Crude Oil Storage as of March 19, 2021   U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.9 million barrels from the previous week. At 502.7 million barrels, U.S. crude oil inventories are about 6% above the five year average for this time of year, according to the EIA crude oil and petroleum

Oil rises as Suez Canal ship runs aground, demand fears weigh-oil and gas 360

Oil rises as Suez Canal ship runs aground, demand fears weigh

Reuters LONDON – Oil rose more than 2% on Wednesday after a ship ran aground in the Suez Canal raising supply concerns, although fears of a slow recovery in demand due to European lockdowns limited gains. The giant container ship that has been blocking the Suez Canal for more than a day has been partially refloated and traffic along the