Crude Oil News

Exum Instruments presented at the 2022 The Energy Venture Investment Summit presented by EnerCom and Colorado School of Mines

Exum Instruments presented at the 2022 The Energy Venture Investment Summit presented by EnerCom and Colorado School of Mines

Oil and Gas 360


Publisher’s Note: Exum Instruments presented at the 2022 The Energy Venture Investment Summit presented by EnerCom and Colorado School of Mines on Thursday, February 17, 2022 on the Colorado School of Mines campus in Golden, Colorado. 

Source: Reuters

U.S. senators grill regulators over climate policy on natural gas projects

US News


WASHINGTON – Top U.S. senators from both parties on Thursday grilled Democratic energy regulators who recently approved guidelines for approving new natural gas projects that allow consideration of environmental justice, landowner and climate issues.

The three Democrats on

Source: World Oil

Europe eyes costly options to live without Russian natural gas

World Oil


(Bloomberg) — Western European nations are scrambling for ways to live without Russian natural gas, bracing for the possibility that either the Kremlin switches off the taps or political pressure for tighter sanctions erupts into a full energy …

Source: Reuters

Oil steadies from decade-highs as Iran talks kindle supply hopes

Reuters


Oil steadied after hitting prices not seen in roughly a decade on Thursday, as sellers jumped in on hopes that the United States and Iran will agree soon to a nuclear deal that could add barrels to a badly …

Source: Reuters

Saudi crown prince plays the oil card in quest for U.S. recognition

Yahoo News


DUBAI – Saudi Arabia’s crown prince says he simply doesn’t care whether Joe Biden misunderstands him.

The prince is instead looking to his oil power to deliver his goals, according to sources familiar with Riyadh’s thinking: recognition from …

March 3, 2022 - 11:30 am Closing Bell Story‎, Crude Oil News, Energy News
Oil price spike could prompt demand slump, MUFG analysis suggests

Oil price spike could prompt demand slump, MUFG analysis suggests

Investing


NEW YORK  -Oil prices surged over 7% on Tuesday to their highest since 2014, as a global agreement to release crude reserves failed to calm fears about supply disruptions from Russia’s invasion of Ukraine.

Members of the International Energy

Landgate presented at the 2022 The Energy Venture Investment Summit presented by EnerCom and Colorado School of Mines

Landgate presented at the 2022 The Energy Venture Investment Summit presented by EnerCom and Colorado School of Mines

Oil and Gas 360


Publisher’s Note: Landgate presented at the 2022 The Energy Venture Investment Summit presented by EnerCom and Colorado School of Mines on Thursday, February 17, 2022 on the Colorado School of Mines campus in Golden, Colorado. 

Landgate presented at the 2022 The Energy Venture Investment Summit presented by EnerCom and Colorado School of Mines- oil and gas 360

 …

Source: Bloomberg

Exxon to hand Russian oil-project stake to Rosneft, partners

World Oil


Source: World Oil

Energy Workforce & Technology Council: invest in U.S. energy to create jobs, energy independence

World Oil


Leslie Beyer, CEO of the Energy Workforce & Technology Council, said following the State of the Union Address, she agrees with President Biden and our need to optimize reliance on domestic resources, but that must also include energy …

Source: Reuters

U.S. shale oil forecasts keep rising as smaller producers lead the way

Nasdaq


March 2 – Publicly traded U.S. shale firms are not budging on production restraint vows as oil markets surge amid Russia’s invasion of Ukraine, leaving smaller producers to lead output gains during the highest prices in seven years.

Oil …

Source: Reuters

U.S. crude, fuel stocks dwindle as buyers grab from storage – EIA

Nasdaq


March 2 – U.S. crude and fuel stocks fell in the latest week, driving key storage hubs to multi-year lows as strong demand had refiners and other users paying dearer prices to secure supplies.

Oil prices have soared since …

Source: Reuters

Oil soars past $110/bbl on growing Russian supply disruptions

US News


NEW YORK – Oil prices surged beyond $110 per barrel on Wednesday as traders scrambled to seek alternative oil sources due to supply disruptions after sanctions on Russian banks amid the intensifying Ukraine conflict, while U.S. crude inventories

Source: World Oil

API letter calls on Biden administration to support American energy leadership

World Oil


U.S. crude oil inventories decrease by 2.6 million barrels

U.S. crude oil inventories decrease by 2.6 million barrels

Weekly Crude Oil Storage as of February 25, 2022

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 2.6 million barrels from the previous week.  At 413.4 million barrels, U.S. crude oil …

Aureus Energy Services presented at the 2022 The Energy Venture Investment Summit presented by EnerCom and Colorado School of Mines

Aureus Energy Services presented at the 2022 The Energy Venture Investment Summit presented by EnerCom and Colorado School of Mines

Oil and Gas 360


Publisher’s Note: Aureus Energy Services presented at the 2022 The Energy Venture Investment Summit presented by EnerCom and Colorado School of Mines on Thursday, February 17, 2022 on the Colorado School of Mines campus in Golden,

Source: CNBC

GOP’s Marco Rubio says the U.S. should target Russian oil while boosting its own energy production

CNBC


The U.S. and its allies need to prevent Russia from exporting oil and natural gas as an economic deterrent for its unprovoked invasion of Ukraine, Sen. Marco Rubio told CNBC on Tuesday.

On “Squawk Box,” the Florida Republican, a …

March 1, 2022 - 1:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Politics
Source: World Oil

Texas, 14 other states sue EPA over ‘war against Texas oil and gas’

World Oil


Texas Attorney General Ken Paxton is leading a 14-state coalition challenging the Biden Administration’s Environmental Protection Agency (EPA) regulations on vehicle emissions. Paxton says President Joe Biden’s ‘bureaucratic decrees’ micromanage cars’ and trucks’ greenhouse gas emissions, which exceeds …

March 1, 2022 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Law
Source: CNBC

U.S. oil price surges 11% to $106 a barrel, a 7-year high prompted by Russia’s assault on Ukraine

CNBC


Oil prices surged Tuesday, with U.S. crude hitting its highest level since June 2014 as Russia bears down on Ukraine’s capital.

Prices first topped the $100 mark last Thursday when Russia invaded Ukraine, prompting fears of supply disruptions from …

Source: Reuters

IEA weighing potential oil stocks release after Russia invasion

Reuters


Ministers from International Energy Agency (IEA) member states are weighing the release of 60 million barrels from oil reserves, two sources familiar with the talks said on Tuesday, to cool oil prices soaring from Russia’s invasion of Ukraine.

U.S.

Data Gumbo announces office in Kingdom of Saudi Arabia to accelerate regional adoption of GumboNet smart contract network

Data Gumbo announces office in Kingdom of Saudi Arabia to accelerate regional adoption of GumboNet smart contract network

Oil and Gas 360


HOUSTON, TX & KHOBAR, SAUDI ARABIA — March 1, 2022 Data Gumbo, the industrial smart contract network company, today announced the launch of an office in Khobar, Saudi Arabia. The new location will accelerate …

Source: Reuters

Russian oil trade in disarray over sanctions, ships turned back

Investing


MOSCOW – Russian oil producers are postponing tenders due to a lack of buyers and as importers in Europe and Asia reject Russian ships amid widening disruption from a raft of sanctions imposed on Moscow over the war in …

Energy Services Agreement celebrates first year of operation

Energy Services Agreement celebrates first year of operation

World Oil


Offshore Energies UK, a trade body for the UK’s integrating offshore energy industry, celebrated the first anniversary of the ground-breaking Energy Services Agreement (ESA).

Energy Services Agreement celebrates first year of operation- oil and gas 360

The ESA is a collective bargaining agreement that sees the signatory companies commit to …

February 28, 2022 - 3:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Offshore
Source: CNBC

Energy giant Shell to end partnership with Russia’s Gazprom as Ukraine conflict intensifies

CNBC


Shell said Monday it is ending an “equity partnership” with Gazprom, a Russian state-owned energy company, as the Russia-Ukraine conflict continues.

Shell said it’s selling a 27.5% stake in Sakhalin-II, an integrated oil and gas project located on the …

February 28, 2022 - 2:30 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Exxon faces new pressure over dealings with Russia’s Rosneft

Yahoo Finance


HOUSTON – Exxon Mobil likely will face new pressure to severe ties with Russia’s largest oil producer, said analysts, after rival BP agreed to unload a Rosneft stake.

Russia’s attack on Ukraine has unleashed broad economic and political …

February 28, 2022 - 1:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Russia
Source: Reuters

Norwegian energy firm Equinor to exit Russia amid invasion of Ukraine

Reuters


Norwegian energy group Equinor said on Monday it will start the process of divesting from its joint ventures in Russia amid Moscow’s invasion of Ukraine.

Equinor is the second major European oil and gas producer, after energy major BP, …

February 28, 2022 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Oil soars on Russia nuclear alert, bank sanctions impact

Nasdaq


MELBOURNE, Feb 28 – Oil prices jumped on Monday on escalating sanctions against Russia over its invasion of Ukraine, which in turn led President Vladimir Putin to put his country’s nuclear deterrent on high alert.

Brent jumped back above …

Source: World Oil

West still reluctant to target Russian energy on economy fears

World Oil


(Bloomberg) — Global governments remain reluctant for now to sanction Russian energy, seeking to insulate the world economy from a greater shock even as they tighten the financial grip on the country following its invasion of Ukraine.

While …

February 28, 2022 - 10:30 am Closing Bell Story‎, Crude Oil News, Energy News, Russia
Iron-IQ continues cloud-native SCADA Expansion securing $3.5M in VC funding

Iron-IQ continues cloud-native SCADA Expansion securing $3.5M in VC funding

Oil and Gas 360


Publisher’s Note: Iron IQ presented at the 2022 The Energy Venture Investment Summit presented by EnerCom and Colorado School of Mines on Thursday, February 17, 2022 on the Colorado School of Mines campus in Golden, Colorado.

Emerging energy and technology took the spotlight at The Energy Venture Investment Summit presented by EnerCom and Colorado School of Mines

Emerging energy and technology took the spotlight at The Energy Venture Investment Summit presented by EnerCom and Colorado School of Mines

Oil and Gas 360


The Energy Venture Investment Summit in Golden, Colorado, Brought Entrepreneurs, Energy Investment Professionals and Industry Together to Share Ideas and Provide Capital to Innovations that Will Shape the Future of Energy.

Emerging energy and technology took the spotlight at The Energy Venture Investment Summit presented by EnerCom and Colorado School of Mines- oil and gas 360

EnerCom, Inc., a nationally-recognized management …

Source: Reuters

Column: U.S. oil drilling rises in response to higher prices

Nasdaq


LONDON, Feb 25 – Prominent business leaders in the U.S. shale industry have been proselytising about their newfound commitment to restricting output growth to protect prices and profit margins.

But the rate of new drilling and production is climbing …