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June 14, 2022

API unveils ten-point policy plan to restore U.S. energy leadership, fuel economic recovery- oil and gas 360

API unveils ten-point policy plan to restore U.S. energy leadership, fuel economic recovery

June 14, 2022

World Oil WASHINGTON D.C. — The American Petroleum Institute on Tuesday released a “10 in 2022 plan”—10 policies that policymakers can advance today to unlock American energy, fuel economic recovery, and strengthen national security.   Source: World Oil As energy costs and geopolitical instability around the world continue to rise, API is calling on policymakers to confront the global mismatch

Oil prices inch lower as China COVID, recession worries outweigh tight supply- oil and gas 360

Oil prices inch lower as China COVID, recession worries outweigh tight supply

June 14, 2022

Nasdaq SINGAPORE – Oil prices inched lower after seesawing through early trading on Tuesday, as worries that fuel demand would be hit by a possible recession and fresh COVID-19 curbs in China outweighed tight global supplies. U.S. West Texas Intermediate (WTI) crude CLc1 fell 22 cents, or 0.2% to $120.71 a barrel at 0353 GMT, while Brent crude LCOc1 futures eased 25 cents, or

Natural gas plummets as Freeport delays facility restart following explosion- oil and gas 360

Natural gas plummets as Freeport delays facility restart following explosion

June 14, 2022

CNBC Natural gas prices plunged on Tuesday, after Freeport LNG said its facility that had a fire last week likely won’t be back up and running anytime soon.   ″[C]ompletion of all necessary repairs and a return to full plant operations is not expected until late 2022,” the company said Tuesday in a statement. The facility, located in Quintana Island,

OPEC keeps forecast for 2022 oil demand to exceed pre-pandemic levels, sees risks- oil and gas 360

OPEC keeps forecast for 2022 oil demand to exceed pre-pandemic levels, sees risks

June 14, 2022

Reuters OPEC is stuck with its forecast that world oil demand will exceed pre-pandemic levels in 2022, although the producer group said Russia’s invasion of Ukraine and developments around the coronavirus pandemic pose considerable risks. In a monthly report released on Tuesday, the Organization of the Petroleum Exporting Countries (OPEC) maintained its forecast that world oil demand will grow by

Southwestern Energy, Uniper execute supply agreement for RSG- oil and gas 360

Southwestern Energy, Uniper execute supply agreement for RSG

June 14, 2022

Southwestern Energy 06/14/2022 – Multi-year agreement to provide certified low-methane emission U.S. natural gas for domestic and international markets. SPRING, Texas–(BUSINESS WIRE)– Southwestern Energy Company (NYSE: SWN), the largest dual-basin natural gas producer in the U.S., today announced a multi-year, certified Responsibly Sourced Gas (RSG) sales agreement to the North American subsidiary of Uniper, one of Germany’s largest publicly listed

$4.3 billion Continental takeover offer could trigger bidding war- oil and gas 360

$4.3 billion Continental takeover offer could trigger bidding war

June 14, 2022

World Oil Hamm’s all-cash offer of $70 for each share he doesn’t already own represents an 8.5% premium to Monday’s closing price and will be evaluated by Continental’s board of directors, the company said in a statement Tuesday. The stock soared as much as 17% in New York trading for the biggest advance in 18 months. The offer by Hamm

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