Crude Oil – Oil & Gas 360

Netherland, Sewell & Associates, Inc. (NSAI) to host its Oil & Gas Property Evaluation Seminar in Dallas, Texas May, 5-6, 2025

April 29, 2025

(Oil & Gas 360) – April 22, 2025 – For over 25 years, global petroleum consultancy Netherland, Sewell & Associates, Inc. (NSAI) has hosted its highly regarded Oil & Gas Property Evaluation Seminar. This content-rich program is designed to give non-technical energy professionals such as bankers, investors, analysts, lawyers, accountants, and new oil and gas industry professionals a basic education detailing

Drillers in Canada shift to natural gas as trade war drives down oil prices

April 29, 2025

(World Oil) – Drillers in Canada’s energy heartland of Alberta are shifting their focus to natural gas as the global trade war and an OPEC+ plan to increase output hammer crude prices. The number of licenses for new gas wells issued in the first quarter rose 26% from the previous quarter to 308, the highest quarterly total in two years,

BP slashes buybacks as cash flow tumbles

April 29, 2025

(Oil Price) – BP (NYSE: BP) is reducing by $1 billion its quarterly share buyback program after reporting weaker-than-expected earnings, significantly lower cash flow, and rising net debt for the first quarter. The UK-based supermajor, which has been under intense pressure from activist investor Elliott to cut costs and boost share performance, reported today an underlying replacement cost (RC) profit – the closest metric to

Oil prices fall 2% to 2-week low as trade war concerns dampen demand outlook

April 29, 2025

(Investing) – NEW YORK – Oil prices fell about 2% to a two-week low on Tuesday on expectations OPEC+ will boost output even as U.S. President Donald Trump’s on-again off-again trade tariffs could reduce global economic growth and demand for the fuel. Brent crude futures fell by $1.41, or 2.1%, to $64.45 per barrel by 11:03 a.m. EDT (1503 GMT), while

APA Corp., partners complete successful flow test for North Slope exploration well

April 28, 2025

(World Oil) – APA Corporation and its partners Lagniappe Alaska, LLC, an Armstrong company, and Oil Search (Alaska), LLC, a subsidiary of Santos Limited, have completed successful flow testing of the Sockeye-2 exploratory well in Alaska’s North Slope. Apache holds a 50% working interest, operator Lagniappe and partner Santos each hold 25% working interests in the 325,411-acre exploratory block. As

Exxon set to surge ahead of European competitors in low-carbon investment race

April 28, 2025

(Oil Price) – After years of watching Europe’s Big Oil commit growing shares of capex to low-carbon energy solutions, U.S. supermajor Exxon is now set to overtake Shell and BP in investments planned for low-emission projects. Exxon’s pledge largely depends on the Trump Administration not repealing key provisions in Biden’s flagship Inflation Reduction Act of 2022, which offered incentives to companies

Netherland, Sewell & Associates -Oil & Gas Property Evaluation Seminar in Dallas, Texas on May 1-2, 2023- oil and gas 360

Netherland Sewell to host Oil & Gas Property Evaluation Seminar in Dallas, Texas on May 1-2, 2023

April 28, 2025

Oil and Gas 360 April 28, 2023 For over 25 years, global petroleum consultancy Netherland, Sewell & Associates, Inc. (NSAI) has hosted a series of highly regarded oil and gas property evaluation seminars. These jam-packed seminars are designed to give non-technical energy professionals such as bankers, financial institutional decision makers, analysts, lawyers, accountants, and new oil and gas industry professionals

Oil prices stable amid economic uncertainty, OPEC+ supply fears

April 28, 2025

(Investing) – LONDON – Oil prices were stable on Monday as investors weighed up uncertainty over trade talks between the U.S. and China, clouding the outlook for global growth and fuel demand, as well as the prospect of OPEC+ raising supply. Brent crude futures were down 15 cents, or 0.22%, at $66.72 a barrel, as of 1204 GMT. U.S. West Texas Intermediate

Vitol steps up Venezuela oil buying before U.S. license lapses

April 25, 2025

(World Oil) – Vitol Group has stepped up oil purchases in Venezuela in the final weeks of a U.S. license that allows the world’s largest independent oil trader to do business in the sanctioned nation. Vitol is set to load at least 2.5 million barrels of Venezuelan oil this month, according to documents seen by Bloomberg. It has more than

US refiner Phillips 66 posts bigger-than-expected quarterly loss

April 25, 2025

(BOE Report) – Phillips 66 reported a bigger-than-expected loss in the first quarter on Friday, as lower refining margins amid a widespread maintenance and turnaround activity across the U.S. refining sector weighed on its performance. U.S. refineries typically undergo seasonal maintenance and turnaround activities in preparation for the summer driving season, when fuel demand significantly increases. However, this scheduled downtime

Oil prices rebound on hopes of U.S.-China tariff de-escalation

April 24, 2025

(Oil Price) – Oil prices rose early on Thursday, recouping some of Wednesday’s losses, after signs emerged that there could be some tariff and trade talks between the United States and China. As of 9:28 a.m. EDT on Thursday, the U.S. benchmark, WTI Crude, was up by 0.95% on the day and traded at $62.86. The international benchmark, Brent Crude, traded 0.7%% higher

Elliot increases bp stake to 5% as it pushes reset strategy

April 23, 2025

(World Oil) – Elliott Investment Management has built up its stake in bp Plc to just over 5% of shares, as the activist investor continues its pressure campaign at the struggling oil giant. The stake, disclosed in a regulatory filing on Tuesday, would make Elliott one of bp’s largest shareholders, on par with Vanguard Group Inc., according to data compiled by

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