Crude Oil News

EnerCom’s The Oil & Gas Conference® brings a broad group of public and private energy companies, energy analysts, industry leaders and investors to Denver, Aug. 15-18, 2021

EnerCom’s The Oil & Gas Conference® brings a broad group of public and private energy companies, energy analysts, industry leaders and investors to Denver, Aug. 15-18, 2021

Oil & Gas 360


Publisher’s Note: Registration is still open for The Oil & Gas Conference®, August 15-18, 2021 in Denver, Colorado. Join us!

DENVER – July 28, 2021 (PR Newswire) Institutional investors, portfolio managers, financial analysts, CIOs

Source: Fox Business

Chevron tops profit estimates, joins share buyback stampede

Fox Business


Chevron Corp on Friday reported its highest profit in six quarters and joined an oil industry stampede to reward investors with share buybacks, as rebounding crude oil prices carried earnings and cash flow to pre-pandemic levels.

Oil and …

Source: Reuters

Saudi Arabia may raise Sept crude prices for 2nd month

Reuters


SINGAPORE – Top oil exporter Saudi Arabia is expected to raise prices across various grades of crude oil it sells to Asia in September for a second straight month, tracking the strength in Middle East benchmarks, trade sources said.…

Source: Reuters

ExxonMobil earns $4.7 billion in second quarter 2021

Earnings increased $5.8 billion over the second quarter of 2020, driven by oil and na…

U.S. rig count decreased by 3 this week, at 488

U.S. rig count decreased by 3 this week, at 488

Oil and Gas 360


This week’s Baker Hughes rig count shows that U.S. had a decrease of 3 over last week, resulting in a total count of 488 rigs. Canada had an increase of 4 over last week, resulting in …

Source: Reuters

Eni pledges higher returns as business looks up

Reuters


MILAN – Italian energy group Eni pledged higher shareholder returns after swinging to a net profit in the second quarter to beat expectations as firmer oil prices offset lower production.

Adjusted net profit was 929 million euros ($1.1 billion), …

FILE PHOTO: Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016.  REUTERS/Nick Oxford

Oil prices rises, on track for weekly gain

Reuters


LONDON -Oil prices rose on Friday and were on track to post weekly gains, with demand growing faster than supply, while vaccinations are expected to alleviate the impact of a resurgence in COVID-19 infections across the globe.

Brent crude

Fort Worth oil and gas firm backs new blank check company

Fort Worth oil and gas firm backs new blank check company

Dallas Business Journal


A Fort Worth-based oil and gas mineral and royalty company announced it formed subsidiary Kimbell Tiger Acquisition Corporation, a new SPAC, to take an energy business public. The newly incorporated special purpose acquisition company will look to …

EnerCom’s The Oil & Gas Conference® brings a broad group of public and private energy companies, energy analysts, industry leaders and investors to Denver, Aug. 15-18, 2021

EnerCom’s The Oil & Gas Conference® brings a broad group of public and private energy companies, energy analysts, industry leaders and investors to Denver, Aug. 15-18, 2021

Oil & Gas 360


Publisher’s Note: Registration is still open for The Oil & Gas Conference®, August 15-18, 2021 in Denver, Colorado. Join us!

DENVER – July 28, 2021 (PR Newswire) Institutional investors, portfolio managers, financial analysts, CIOs

Regulations crack-down on fugitive methane emissions

Regulations crack-down on fugitive methane emissions

Oil & Gas 360


Publisher’s Note: Trido Solutions will be presenting in-person on the Methane Mitigation Panel at The Oil & Gas Conference on Wednesday, August 18th from 1:30 p.m. MT – 2:30 p.m. MT at the Westin Denver Downtown

Source: World Oil

Equinor and TotalEnergies exit key Venezuelan JV project

World Oil


French oil company TotalEnergies SE and Norway’s Equinor ASA are exiting a key venture in Venezuela, adding to an exodus of foreign firms in recent years as the country’s energy industry has withered.

The companies transferred to state-owned

Source: CNBC

Oil giant Shell raises dividend and launches $2 billion share buyback as commodity prices soar

CNBC


LONDON — Oil giant Royal Dutch Shell on Thursday reported stronger-than-expected second-quarter earnings, lending further support to the energy major’s plans to reduce net debt and reward investors.

The Anglo-Dutch company reported adjusted earnings of $5.5 billion for the …

Valero Energy reports second quarter 2021 results

Valero Energy reports second quarter 2021 results

Reported net income attributable to Valero stockholders of $162 million, or $0.39 per…

Source: Reuters

Oil edges higher on tighter U.S. supplies, Brent tops $75 a barrel

Nasdaq


SINGAPORE – Oil prices rose on Thursday as crude stockpiles in the United States, the world’s top oil consumer, fell to their lowest since January 2020, with Brent crude oil prices pushing back past $75 a barrel.

Brent crude …

Source: Reuters

Big Oil back to boom after pandemic bust, aiding climate push

Reuters


LONDON – Europe’s top energy companies signalled confidence in a lasting recovery from the pandemic impact by drawing on higher oil prices to boost shareholder returns and reassure investors as they roll out risky climate strategies.

 

After swiftly …

EnerCom’s The Oil & Gas Conference® brings a broad group of public and private energy companies, energy analysts, industry leaders and investors to Denver, Aug. 15-18, 2021

EnerCom’s The Oil & Gas Conference® brings a broad group of public and private energy companies, energy analysts, industry leaders and investors to Denver, Aug. 15-18, 2021

Oil & Gas 360


Publisher’s Note: Registration is still open for The Oil & Gas Conference®, August 15-18, 2021 in Denver, Colorado. Join us!

DENVER – July 28, 2021 (PR Newswire) Institutional investors, portfolio managers, financial analysts, CIOs

Source: World Oil

U.S. Interior secretary accused of defying federal judge’s oil lease ruling

World Oil


WASHINGTON (Bloomberg) –Six weeks after a federal judge ordered the Biden administration to resume selling oil and gas leases on federal land, there’s no sign it has and Interior Secretary Deb Haaland struggled Tuesday to explain why.

“We

Source: Reuters

Low-carbon hydrogen is not cheap and needs support, says major energy organization

CNBC


Low-carbon hydrogen isn’t “cost competitive with other energy supplies in most applications and locations” and the situation is unlikely to change unless there’s “significant support to bridge the price gap,” according to the World Energy Council.

Published Tuesday, the …

Source: Reuters

Mexico’s Pemex posts quarterly net profit; debt swells to $115 bln

Nasdaq


MEXICO CITY – Mexico’s state oil company Petroleos Mexicanos (Pemex) on Wednesday reported net profit of 14.4 billion pesos ($722.5 million) in the second quarter, reversing course after a loss in the same period last year thanks to higher …

Hess reports estimated results for the second quarter of 2021

Hess reports estimated results for the second quarter of 2021

Key Developments: Announced a significant new oil discove…

Source: Reuters

ExxonMobil makes new discovery off Guyana’s coast

Nasdaq


Exxon Mobil Corp XOM.N said on Wednesday it has made a new discovery at Longtail-3 in the Stabroek Block offshore Guyana, as the U.S. oil major develops one of the world’s most important new oil and gas blocks in …

Source: Reuters

Oil nears $75 as U.S. inventory drop counters virus concerns

Reuters


LONDON – Oil rose towards $75 a barrel on Wednesday ahead of an industry report expected to show U.S. crude inventories fell, bringing the focus back to a tight supply and demand balance rather than rising coronavirus infections.

Official …

U.S. crude oil inventories decrease by 4.1 million barrels

U.S. crude oil inventories decrease by 4.1 million barrels

Weekly Crude Oil Storage as of July 23, 2021

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 4.1 million barrels from the previous week. At 435.6 million barrels, U.S. crude oil …

EnerCom’s 26th The Oil & Gas Conference® brings a broad group of public and private energy companies, energy analysts, industry leaders and investors to Denver, Aug. 15-18, 2021

EnerCom’s 26th The Oil & Gas Conference® brings a broad group of public and private energy companies, energy analysts, industry leaders and investors to Denver, Aug. 15-18, 2021

Oil & Gas 360


Publisher’s Note: Registration is Open for The Oil & Gas Conference®, August 15-18, 2021 in Denver, Colorado. 

DENVER – June 14, 2021 (PR Newswire) Institutional investors, portfolio managers, financial analysts, CIOs and other investment

Regulations crack-down on fugitive methane emissions

Regulations crack-down on fugitive methane emissions

Oil & Gas 360


Publisher’s Note: Trido Solutions will be presenting in-person on the Methane Mitigation Panel at The Oil & Gas Conference on Wednesday, August 18th from 1:30 p.m. MT – 2:30 p.m. MT at the Westin Denver Downtown

Source: Reuters

Column-Rising global energy use complicates path to net zero: Kemp

Reuters


LONDON – Global energy consumption is likely to increase by between 50% and 100% from present levels by 2050, underscoring how challenging it will be to satisfy rising energy demand while simultaneously reducing net emissions to zero.

Primary energy …

Source:  Reuters

Column: India joins trend to use strategic crude reserves to offset high oil prices

Reuters


LAUNCESTON, Australia – India’s move to commercialise its strategic crude oil reserves is another sign that major Asian importers are taking steps to mitigate the high prices caused by the OPEC+ group’s output cuts.

India, the second-biggest crude importer …

Source: CNBC

Action on climate change can provide a shot in the arm for the global economy, economist says

CNBC


Ramping up investment in policies and technologies to tackle climate change could play a significant role in the global economy’s recovery from the coronavirus pandemic.

In a recent note, Charles Dumas, chief economist at U.K.-based investment research firm TS

Source: bizjournals.com

Pioneer Natural Resources warns of $832 mln derivatives loss

Nasdaq


Independent shale producer Pioneer Natural Resources PXD.N on Tuesday warned it would be hit by an $832 million second-quarter loss on oil and gas derivatives.

 

Many producers locked in sales when oil prices rose above $40 a barrel …

Range announces second quarter 2021 financial results

Range announces second quarter 2021 financial results

FORT WORTH, Texas, July 26, 2021 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: R…