LONDON (Bloomberg) –The Iranian nuclear talks could hardly be more critical for oil traders. Crude prices have surged 10% this year to around $85 a barrel, with many analysts predicting it’s only a matter of time before they …
HOUSTON (Bloomberg) –Shale-oil companies are using almost all of the frac equipment and crews available as exploration expands, accelerating cost inflation and pointing to worsening supply-chain disruptions across the industry.
North American oil drillers appear likely to expand …
WASHINGTON – The United States is in talks with major energy-producing countries and companies around the world over a diversion of supplies to Europe if needed in the event of a Russian invasion of Ukraine, senior Biden administration …
HOUSTON – The chiefs of major U.S. oil companies Occidental Petroleum Corp and ConocoPhillips offered differing outlooks on the growth of U.S. oil output at a conference Monday, as the industry rebounds from shutdowns during the first stage of …
(Bloomberg) –Eni SpA’s Norwegian joint venture, Var Energi AS, will apply for an initial public offering in Oslo on a bet there’s still investor demand for shares in oil and gas companies in Europe.
The company is …
Oil prices rose on Monday on worries about supply disruption amid concerns about Russia-Ukraine discord and rising tensions in the Middle East, which could make an already tight market even tighter.
Brent crude rose 31 cents, or 0.4%, …
Oil prices fell on Monday, hit by a stronger dollar and investor concerns over the possibility of quicker than expected increases to interest rates by the U.S. Federal Reserve.
Brent crude fell $2.19, or 2.5%, to $85.70 per barrel. …
BENGALURU (Jan 24): Halliburton Co’s fourth-quarter adjusted profit doubled from a year earlier, it said on Monday, beating analysts’ forecasts and prompting the oilfield service company to lift its dividend following a rebound in crude and natural gas prices.…
LONDON, Jan 24 – Portfolio investors added to their bullish positions in petroleum for the fifth week running as the worst of the latest wave of coronavirus infections passed and governments began to lift restrictions on business and travel.…
(Bloomberg) –Add Morgan Stanley to the list of banks expecting crude to reach $100 a barrel later this year.
The bank expects stockpiles to slide even lower by the end of the year, after falling substantially in 2021, …
Schlumberger beat expectations with a rise in fourth-quarter profit on Friday as higher crude and natural gas prices drove demand for the world’s largest oilfield services company.
Oil prices surged about 50% last year and are trading …
NEW YORK (Bloomberg) –The era of ever-cheaper clean power is over, giving a fresh jolt of uncertainty to global energy markets battered by one supply crisis after another.
Relentless price declines over the past decade made renewables …
MADRID/FRANKFURT -Shares in wind turbine maker Siemens Gamesa tumbled on Friday after it cut its financial outlook for the third time in nine months, dragging down the market value of its rivals as well as parent company Siemens Energy.…
This week’s Baker Hughes rig count shows that U.S. had an increase of 3 over last week, resulting in a total count of 604 rigs. Canada had an increase of 21 over last week, resulting in …
LONDON – Two tankers have had their environmental and safety classification withdrawn by a U.S. company that provides such certification, after accusations by a U.S. advocacy group that they had shipped cargoes of Iranian oil, documents seen by Reuters
Output on Thursday was down 6.2%, according to preliminary BloombergNEF data based on pipeline flows. That’s the biggest …
Jan 20 – Baker Hughes Co BKR.O on Thursday reported an adjusted quarterly profit compared with a year-ago loss, as producers took advantage of a rise in crude prices that fueled demand for oilfield service equipment.
Oil prices surged …
Unit Corp UNTC.PK, one of the top U.S. natural gas producers, has hired an investment bank for a sale of its oil & gas producing assets in the Anadarko and Gulf Coast basins that could fetch around $1 …
(Bloomberg) –Chesapeake Energy Corp. is in advanced talks to acquire privately owned natural gas producer Chief Oil & Gas Inc. for about $2.4 billion including debt, Reuters reported, citing people familiar with the matter.
A deal could be …
(Bloomberg) — China disclosed its first Iranian oil imports in a year amid talks between between Tehran and world powers aimed at reviving a nuclear accord that could pave the way for lifting U.S. sanctions.
A total of
LONDON (Bloomberg) –The oil market is getting tighter and there may be even less slack in the system than forecasts suggest.
The latest outlooks from the International Energy Agency and the U.S. Energy Information Administration show the …
Oil slipped on Thursday as investors took profits after a recent price rally, but strong demand and short-term supply disruptions continue to support prices close to their highest since 2014.
Brent crude futures were down 27 cents, or …
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 0.5 million barrels from the previous week. At 413.8 million barrels, U.S. crude oil …
SINGAPORE (Bloomberg) –Surging demand, fading omicron fears, and OPEC+’s inability to ramp up output have underpinned an eye-watering rally in oil prices.
Global benchmark Brent crude has jumped 25% to around $88 a barrel since the end of …
ExxonMobil on Tuesday announced its ambition to achieve net zero greenhouse gas emissions for operated assets by 2050, backed by a comprehensive approach to develop detailed emission-reduction roadmaps for major facilities and assets.
The net-zero ambition is contained …
LONDON, Jan 19 – Oil prices have risen to their highest for more than seven years, climbing above levels that triggered a U.S.-led release of strategic petroleum reserves last November.
Policymakers may be less likely to respond at this …
LONDON – European governments have spent tens of billions of euros trying to shield consumers from record high energy prices, and themselves from voters’ wrath, but the measures look set to fall short.
From Athens to Oslo, lawmakers
(Bloomberg) –The Biden administration is working with oil-producing countries to ensure supply rises to meet demand, according to the White House, as prices surge to the highest level in seven years.
The White House plans to continue to …
Oil prices rose to a seven-year high Tuesday amid ongoing supply concerns and escalating tensions in the Middle East, but Exxon Mobil CEO Darren Woods is confident they will trend lower.
In the immediate future, however, the oil
BOSTON/LONDON -Larry Fink, chief executive of the world’s biggest asset manager BlackRock Inc, has defended its focus on the interests of society as well as on profits in the face of criticism from many sides.
Asset managers increasingly analyse …
