Nine Energy Service, Inc. (“Nine” or the “Company”) (NYSE: NINE) announced today the redemption o…
Oil Price Bernard Looney, the chief executive of BP, has recently discussed plans with people close to the supermajor to potentially scale back the company’s push into greener operations with less emphasis on ESG targets, The Wall Street Journal reported on Wednesday, quoting sources with knowledge of the discussions. Looney took over as chief executive at BP in early 2020. Just days
Oil Price Traders expect the Federal Reserve to end its rate hikes in two months, which could push oil prices higher due to the generally inverse relationship between rates and oil prices. According to a Reuters report, the Fed might end its rate-hike policy as soon as March, as economic indicators suggest inflation is slowing down and getting under control.
Nasdaq MOSCOW – Western oil tankers ramped up their shipments of Russian crude in January as prices for Moscow’s flagship Urals grade held below an international price cap, according to market sources and Eikon data. The Group of Seven nations (G7), Australia and the 27 European Union countries placed a price limit on Russian crude oil of $60 per barrel on Dec.
BOE Report Equinor said European Union sanctions had prevented it from providing services and equipment to inspect the damaged Nord Stream gas pipelines last year, revealing for the first time why Norwegian assistance was not forthcoming. In September, several unexplained underwater explosions ruptured the Nord Stream 1 and Nord Stream 2 pipelines, each more than 1,200-km-long, that link Russia and Germany
Weekly Crude Oil Storage as of January 27, 2023 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 4.1 million barrels from the previous week. At 452.7 million barrels, U.S. crude oil inventories are about 4% above the five year average for this time of year, according to the EIA crude oil and
Feb. 1 (UPI) — Crude oil prices on Wednesday were on the decline after a decision from an OPEC…
