Crude Oil News

Source: Reuters

Oil has only done this twice in the past 20 years — and it could forecast a 50% rally

CNBC


Oil prices could be setting up for a major rally, one strategist says.

 

Though the energy sector has cooled off in recent months, U.S. West Texas Intermediate crude’s price chart just flashed a rare signal, Miller Tabak’s Matt

Source: Wall Street Journal

Transocean lands $252 million contract for new ultra-deepwater drillship

World Oil


Transocean announced that BOE Exploration & Production LLC (“BOE”) awarded Transocean a $252 million firm contract for its newbuild ultra-deepwater drillship, the Deepwater Atlas, including a mobilization fee of $30 million. Additionally, the contract provides for a …

Source: Reuters

Democrats want to add new drilling bans to Biden’s $3.5T infrastructure bill

World Oil


WASHINGTON (Bloomberg) –Endangered desert fish would get millions of dollars in federal funding while oil companies would face new fees and a ban on most offshore drilling under a plan floated by House Democrats.

The details were summarized …

REPLAYS: EnerCom’s The Oil & Gas Conference®2021: Thank you to our sponsors, presenters and attendees!

REPLAYS: EnerCom’s The Oil & Gas Conference®2021: Thank you to our sponsors, presenters and attendees!

Oil & Gas 360


Publisher’s Note: Thank you to our sponsors, presenters and attendees for their continued support and making EnerCom’s The Oil & Gas Conference 2021 a continued success! Replays are now available to watch.

 

 

REPLAYS: EnerCom's The Oil & Gas Conference®2021: Thank you to our sponsors, presenters and attendees!- oil and gas 360

 

Sponsors

August 25, 2021 - 3:30 pm Closing Bell Story‎, Crude Oil News, Energy News, TOGC 2021
Source: Reuters

Biden plans September restart of oil leases, per court ruling

World Oil


WASHINGTON (Bloomberg) –The Biden administration moved Tuesday to resume selling oil and gas drilling rights in the Gulf of Mexico and throughout the western U.S., after a judge ruled the president’s leasing pause was unlawful.

The Interior Department

Source: Reuters

Pemex targets restoring oil output lost to platform fire by Aug 30

Reuters


MEXICO CITY  – Mexican state oil firm Petroleos Mexicanos (Pemex) expects to resume by Aug. 30 all oil production shut down by a deadly fire on an offshore platform, the firm’s chief executive said on Tuesday.

Five workers were …

August 25, 2021 - 2:00 pm Closing Bell Story‎, Crude Oil News, Energy News, Mexico, Offshore
Source: Reuters

German court order may delay Nord Stream 2 pipeline startup

World Oil


(Bloomberg) –Nord Stream 2 AG, the Gazprom PJSC-owned pipeline project to bring more Russian natural gas to Europe, risks delays after losing a court ruling imposing changes to its organization.

Source: Reuters

Exxon’s Imperial Oil outlines plan to produce plant-based renewable fuel

Reuters


Imperial Oil Ltd, one of Canada’s biggest oil producers and refiners, on Wednesday outlined a plan to process vegetable oil into renewable diesel at its 191,000-barrel-per-day Strathcona refinery.

The project, which still requires final approval, is part of majority-owner …

Source: World Oil

BP, PetroChina form JV to manage Iraq’s Rumaila oil field

World Oil


Source: Reuters

Oil edges higher on US fuel demand, extends rally

Reuters


NEW YORK -Oil prices edged higher on Wednesday, extending gains for a third session, after U.S. government data showed that fuel demand has climbed to its highest since the start of the COVID-19 pandemic.

Brent crude rose 42 cents …

U.S. crude oil inventories decrease by 3 million barrels

U.S. crude oil inventories decrease by 3 million barrels

Weekly Crude Oil Storage as of August 20, 2021

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3.0 million barrels from the previous week. At 432.6 million barrels, U.S. crude oil …

REPLAYS: EnerCom’s The Oil & Gas Conference®2021: Thank you to our sponsors, presenters and attendees!

REPLAYS: EnerCom’s The Oil & Gas Conference®2021: Thank you to our sponsors, presenters and attendees!

Oil & Gas 360


Publisher’s Note: Thank you to our sponsors, presenters and attendees for their continued support and making EnerCom’s The Oil & Gas Conference 2021 a continued success! Replays are now available to watch.

 

 

REPLAYS: EnerCom's The Oil & Gas Conference®2021: Thank you to our sponsors, presenters and attendees!- oil and gas 360

 

Sponsors

August 24, 2021 - 3:30 pm Closing Bell Story‎, Crude Oil News, Energy News, TOGC 2021
Source: Reuters

Column: Demand only one side of LNG price surge, supply cut by outages

Reuters


LAUNCESTON, Australia  – The spot price of liquefied natural gas (LNG) in Asia is usually at a seasonal low in August in what is historically the shoulder season between summer and winter peak demand.

That the price of spot …

Source: Reuters

Saudi Arabia’s June oil exports rise 123% to over $16 billion

Reuters


DUBAI – The value of Saudi Arabia’s oil exports in June increased 123% to 61.5 billion riyals ($16.4 billion) from a year earlier while non-oil exports rose by around 41%, official data showed on Tuesday.

Overall exports increased by …

Source: Reuters

EXCLUSIVE Venezuela swapped PDVSA oil for food, then punished the dealmakers

Reuters


CARACAS -With U.S. sanctions spooking key oil buyers and depriving its government of cash, Venezuela last year inked a deal with a little-known local company to swap crude for food, Reuters has learned.

That agreement saw state oil company …

Source: World Oil

U.S. to auction 20MM barrels of oil from Strategic Petroleum Reserve

World Oil


The Energy Department plans to auction off

Source: Reuters

Oil up 2% on brighter demand outlook and Mexican outage

Reuters


LONDON – Oil prices rose on Tuesday, extending sharp gains on a bullish demand outlook as U.S. regulators issued their first full approval for a COVID-19 vaccine and Mexico suffered a large production outage.

Brent crude oil futures were …

REPLAYS: EnerCom’s The Oil & Gas Conference®2021: Thank you to our sponsors, presenters and attendees!

REPLAYS: EnerCom’s The Oil & Gas Conference®2021: Thank you to our sponsors, presenters and attendees!

Oil & Gas 360


Publisher’s Note: Thank you to our sponsors, presenters and attendees for their continued support and making EnerCom’s The Oil & Gas Conference 2021 a continued success! Replays are now available to watch.

 

REPLAYS: EnerCom's The Oil & Gas Conference®2021: Thank you to our sponsors, presenters and attendees!- oil and gas 360

 

Sponsors of

August 23, 2021 - 3:30 pm Closing Bell Story‎, Crude Oil News, Energy News, TOGC 2021
Source: Reuters

Germany vows sanctions if Russia uses Nord Stream 2 pipeline as a “weapon”

World Oil


(Bloomberg) – Chancellor Angela Merkel reinforced her vow to push for additional sanctions against Russia if the Kremlin uses the Nord Stream 2 gas pipeline linking Russia to Germany as a “weapon.”

The comments came two days after

Source: Reuters

One dead, five missing after Pemex offshore platform fire

Reuters


MEXICO CITY – At least one person died and five more are missing due to a fire that erupted on an offshore platform run by Petroleos Mexicanos (Pemex) in the southern Gulf of Mexico, the Mexican state oil and …

August 23, 2021 - 1:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Offshore, People
Source: Reuters

Column-Hedge funds’ bullishness on oil ebbs away: Kemp

Reuters


LONDON – Hedge funds sold petroleum for the seventh time in nine weeks, as rising coronavirus infections in the major oil-consuming markets dampened hopes for an early resumption of long-haul passenger aviation.

Hedge funds and other money managers sold …

Source: World Oil

High-performing oil company stocks win buyers in an ESG-conscious world

World Oil


(Bloomberg) –Europe’s oil stocks may not be the most obvious picks in an ESG-conscious world, but some investors can’t get enough of them.

They’re cheap, pay big dividends and have benefited from a recovery in oil prices. That’s …

August 23, 2021 - 11:30 am Closing Bell Story‎, Crude Oil News, Energy News, Finance
Source: Reuters

Oil jumps 3% on weaker dollar after seven days of losses

Reuters


LONDON -Oil prices jumped 3% on Monday, recovering from a seven-day losing streak, with gains driven by a weaker dollar despite demand concerns stoked by rising cases of the Delta coronavirus variant.

Brent crude climbed $2.15, or 3.2%, to …

Source: Reuters

U.S. energy firms launching employee COVID-19 vaccination mandates

Reuters


U.S. energy companies are moving to require that employees receive COVID-19 vaccinations as infection rates rise across the United States and energy workers, according to health surveys, remain among those most reluctant to get inoculations.

Calls to require vaccinations …

August 23, 2021 - 9:30 am Closing Bell Story‎, Crude Oil News, Energy News, Jobs
REPLAYS: EnerCom’s The Oil & Gas Conference®2021: Thank you to our sponsors, presenters and attendees!

REPLAYS: EnerCom’s The Oil & Gas Conference®2021: Thank you to our sponsors, presenters and attendees!

Oil & Gas 360


Publisher’s Note: Thank you to our sponsors, presenters and attendees for their continued support and making EnerCom’s The Oil & Gas Conference 2021 a continued success! Replays are now available to watch.

 

REPLAYS: EnerCom's The Oil & Gas Conference®2021: Thank you to our sponsors, presenters and attendees!- oil and gas 360

 

Sponsors of

August 19, 2021 - 3:30 pm Closing Bell Story‎, Crude Oil News, Energy News, TOGC 2021
Source: Reuters

Judge voids ConocoPhillips Alaska project approved by Trump

World Oil


Source: CNBC

Soaring demand for the world’s least-liked commodity sees thermal coal prices jump 106% this year

CNBC


LONDON — Soaring electricity demand, infrastructure woes and a surge in global gas prices have triggered an extraordinary rally for the world’s least liked commodity.

Australian thermal coal at Newcastle Port, the benchmark for the vast Asian market, has …

August 19, 2021 - 1:07 pm Closing Bell Story‎, Crude Oil News, Energy News
2021 & Beyond: More Energy, Less Carbon

2021 & Beyond: More Energy, Less Carbon

Oil & Gas 360


Amidst a global energy transition, the oil and gas industry faces societal and environmental pressure to clarify its role in a low-carbon future. Yet at the same time the IEA expects global energy demand to increase …

EnerCom’s The Oil & Gas Conference® is here in Denver, Aug. 15-18, 2021

EnerCom’s The Oil & Gas Conference® is here in Denver, Aug. 15-18, 2021

Oil & Gas 360


Publisher’s Note: It’s HERE! EnerCom’s  The Oil & Gas Conference®, August 15-18, 2021 in Denver, Colorado. For institutional investors, portfolio managers, financial analysts, CIOs and other investment community professionals who invest in the energy space.
August 17, 2021 - 7:30 am Closing Bell Story‎, Crude Oil News, Energy News, TOGC 2021
EnerCom’s The Oil & Gas Conference® is here in Denver, Aug. 15-18, 2021

EnerCom’s The Oil & Gas Conference® is here in Denver, Aug. 15-18, 2021

Oil & Gas 360


Publisher’s Note: It’s HERE! EnerCom’s  The Oil & Gas Conference®, August 15-18, 2021 in Denver, Colorado. For institutional investors, portfolio managers, financial analysts, CIOs and other investment community professionals who invest in the energy space.
August 16, 2021 - 7:30 am Closing Bell Story‎, Crude Oil News, Energy News, TOGC 2021