Oil Price The OPEC+ group is not expected to announce another round of oil production cuts when ministers meet this weekend, OPEC+ sources told Reuters on Thursday. OPEC and its allies from several non-OPEC producers led by Russia are heading to the June 4 meeting amid market speculation whether the OPEC+ alliance will wrong-foot the short sellers again by announcing deeper
Oil and Gas 360 The Carbon Dioxide Removal Credits will be Listed on Puro.earth’s Highly Trusted and Reputable Crediting Platform DENVER, Colo. – June1, 2023 – Cowboy Clean Fuels, LLC (“we,” “us,” “our,” or “the Company”), a premier energy technology company formed to produce carbon-negative, renewable natural gas (“RNG”) from readily available agricultural byproducts utilizing proprietary, patented technology, today announced
Nasdaq HOUSTON – Exxon Mobil XOM.N Chief Executive Darren Woods told an energy industry conference on Thursday he aims to double the amount of oil produced from its U.S. shale holdings over a five-year period using new technologies. “We are beginning to see the signs of some very promising new technologies” that will “significantly improve recovery” volumes, Woods said at the
Yahoo Finance (Bloomberg) — Exxon Mobil Corp. and Chevron Corp. shareholders soundly rejected activist demands to take responsibility for curbing emissions by motorists and industries that burn their fuels.Roughly 90% of investors in North America’s two largest oil producers shot down a proposal by environmental group Follow This that urged executives to set targets for reducing so-called Scope 3 emissions.
2023-06-01 12:26:40 ET June 1 (UPI) — Federal data released Thursday show both crude o…
Nasdaq LONDON – U.S. oil and gas production continued to rise strongly in March – the delayed impact of very high prices that prevailed until the third quarter of 2022. Oil output increased by 171,000 barrels per day (b/d) in March compared with February, according to the U.S. Energy Information Administration (“Petroleum supply monthly“, EIA, May 31). The gains were
Natural Gas Inventories as of May 26, 2023 The EIA has released its natural gas inventory report, showing a net increase of 110 Bcf as of May 26, 2023. Working gas in storage was 2,446 Bcf as of Friday, May 26, 2023, according to EIA estimates. This represents a net increase of 110 Bcf from the previous week. Stocks were
Oil Price Russian state-run oil giant Rosneft saw its first-quarter 2023 net profit rise by over 45% to around $4 billion, beating analyst expectations as production increases despite Moscow’s 500,000 barrel-per-day output cuts that started three months ago. In addition to a 45.5% jump in net profit, Rosneft, headed by Igor Sechin, said it saw EBITDA rise for the
Weekly Crude Oil Storage as of May 26, 2023 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 4.5 million barrels from the previous week. At 459.7 million barrels, U.S. crude oil inventories are 2% below the five year average for this time of year, according to the EIA crude oil and petroleum
2023-06-01 08:59:00 ET Commodity prices are in trouble as signs of more China weakn…
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