Crude Oil News

Schedule for EnerCom Dallas is Posted – Come Join Us!

Schedule for EnerCom Dallas is Posted – Come Join Us!

Oil and Gas 360


Register now (virtual and in person) for this must attend ESG and Investment event – EnerCom Dallas Energy Investment & ESG Conference, April 6-7.  

There is something for everyone:

  • Hear directly from SASB, Haynes and
Source: Reuters

14 GOP state attorneys general sue Biden administration over oil and gas leasing moratorium

CNBC


Fourteen states filed suit on Wednesday against President Joe Biden’s moratorium on new oil and natural gas leases on public lands and waters.

A coalition of 13 states, led by Louisiana, filed one lawsuit on Wednesday. Wyoming filed …

Source: Reuters

Exclusive: Incoming Petrobras CEO says he has no plans to push out executives

Reuters


RIO DE JANEIRO – Joaquim Silva e Luna, the incoming CEO of Brazil’s state-run oil company Petrobras, told Reuters that at least part of the executive board could stay on when he takes over in April, a signal that …

Source: Reuters

As Europe tightens lockdowns, OPEC+ to keep oil taps tight -sources

Reuters


LONDON – With oil prices making steady gains earlier this year, OPEC and other producers had hoped to ease output cuts, but industry sources say a fresh wave of lockdowns around the world threatens to tear up those plans.…

Source: Reuters

U.S. oil activity jumps as executives remain wary of OPEC, Biden – survey

Reuters


Activity and spending in U.S. oil fields is soaring this year as the industry recovers from 2020 pandemic-driven oil price crash, according to optimistic-but-wary energy company executives polled by the Federal Reserve Bank of Dallas in a survey released …

Source: Reuters

Saudi Aramco sends request to banks for pipeline deal financing – sources

Reuters


DUBAI – Saudi Aramco has sent a request for proposals to banks for financing it wants to offer to investors looking to lease its pipelines, three sources said, a sign the oil giant is progressing with plans to extract …

Source: Reuters

U.S.’s Blinken warned Germany’s Maas about Nord Stream 2 sanctions

Reuters


BRUSSELS  – U.S. Secretary of State Antony Blinken said on Wednesday he had told his German counterpart that sanctions against the Nord Stream 2 natural gas pipeline were a real possibility and there was “no ambiguity” in American opposition …

U.S. crude oil inventories increase by 1.9 million barrels

U.S. crude oil inventories increase by 1.9 million barrels

Weekly Crude Oil Storage as of March 19, 2021

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.9 million barrels from the previous week. At 502.7 million barrels, U.S. crude oil …

Source: Reuters

Oil rises as Suez Canal ship runs aground, demand fears weigh

Reuters


LONDON – Oil rose more than 2% on Wednesday after a ship ran aground in the Suez Canal raising supply concerns, although fears of a slow recovery in demand due to European lockdowns limited gains.

The giant container ship …

Schedule for EnerCom Dallas is Posted – Come Join Us!

Schedule for EnerCom Dallas is Posted – Come Join Us!

Oil and Gas 360


Register now (virtual and in person) for this must attend ESG and Investment event – EnerCom Dallas Energy Investment & ESG Conference, April 6-7.  

There is something for everyone:

  • Hear directly from SASB, Haynes and
World class Montney and Swan Hills light oil development drilling opportunities

World class Montney and Swan Hills light oil development drilling opportunities

Oil and Gas 360


BOE Report: March 23, 2021

World Class Montney and Swan Hills Light Oil Development Drilling Opportunities

BOE Report: World class Montney and Swan Hills light oil development drilling opportunities- oil and gas 360

Razor Energy Corp. is initiating a process to explore strategic partnerships to drill two of its low-risk light oil assets …

Source: Reuters

Baker Hughes joins Norwegian Arctic carbon storage project

Reuters


OSLO – Oilfield services firm Baker Hughes is teaming up with Norway’s Horisont Energi to explore the possibility of storing more than 100 million tonnes of carbon under the Barents Sea in the Arctic, the companies said on Tuesday.…

Source: Reuters

Canadian oil patch braces for more deals after record start to 2021

Reuters


TORONTO – Mergers and acquisitions in Canada’s oil and gas sector had a record start to the year in 2021 as companies took advantage of improved oil price expectations amid the pandemic recovery, and many industry participants expect the …

Source: Reuters

Exclusive: ‘Busy on other fronts’ – White House without Trump stays quiet on OPEC

Reuters


LONDON/WASHINGTON – When oil prices surged during Donald Trump’s term in the White House, OPEC and its allies had to brace for a Twitter storm demanding action to bring prices down.

That has all changed under U.S. President Joe …

Source: Reuters

Oil tumbles 4% on concerns over Europe curbs, rollouts

Reuters


LONDON -Oil prices fell more than 4% on Tuesday, hit by concerns over new pandemic curbs and slow vaccine rollouts in Europe as well as a stronger dollar.

Brent crude futures were down by $2.69, or 4.2%, to $61.93 …

In person and virtual registration is Open for EnerCom Dallas The Energy Investment and ESG Conference, April 6-7, 2021

In person and virtual registration is Open for EnerCom Dallas The Energy Investment and ESG Conference, April 6-7, 2021

Oil and Gas 360


Private and Publicly traded energy companies, industry leaders and capital providers talk 2021 plans in Dallas and online. In 2021, EnerCom is launching its Environmental, Social and Governance Summit as a part of the EnerCom Dallas

March 22, 2021 - 3:45 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

EnerCom Dallas Presenter Update: Exclusive: Pemex would consider letting private group operate Zama oil field, CEO says

Reuters


Editor’s Note: Talos Energy (NYSE: TALO) will be presenting at The EnerCom Dallas Energy Investment & ESG Conference April 6-7, 2021. EnerCom Dallas is a financial conference that provides institutional investors an early 2021 opportunity to meet CEOs from

March 22, 2021 - 3:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Mexico
Source: CNBC

Saudi Aramco profit slumps 44% after Covid-battered year, but maintains dividend

CNBC


Oil giant Saudi Aramco reported a 44% slump in full-year 2020 results, but maintained its $75 billion dollar dividend payout, with CEO Amin Nasser describing the last twelve months as one of the most “challenging years” in recent history.

Source: Reuters

World’s top emitters a long way from aligning with climate goals

Reuters


LONDON – The world’s biggest carbon-emitting companies are far from aligning with the Paris Climate Agreement, a report by the leading climate-focused investor group showed on Monday.

Climate Action 100+, whose 575 members manage $54 trillion in assets, was …

Source: Reuters

Column: Oil prices left vulnerable after funds stop buying

Reuters


LONDON – Hedge fund positioning in oil had become directionless in the run up to last week’s sell off, after a four-month rally since the first successful COVID-19 vaccines were announced at the start of November.

Hedge funds and …

Source: Reuters

Saudi Aramco to prioritise energy supply to China for 50 years, says CEO

Reuters


BEIJING – Saudi Aramco will ensure China’s energy security remains its highest priority for the next 50 years and beyond as new and existing energy sources run in parallel for some time, CEO Amin Nasser told the China Development …

In person and virtual registration is Open for EnerCom Dallas The Energy Investment and ESG Conference, April 6-7, 2021

In person and virtual registration is Open for EnerCom Dallas The Energy Investment and ESG Conference, April 6-7, 2021

Oil and Gas 360


Private and Publicly traded energy companies, industry leaders and capital providers talk 2021 plans in Dallas and online. In 2021, EnerCom is launching its Environmental, Social and Governance Summit as a part of the EnerCom Dallas

March 19, 2021 - 3:45 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Citgo Petroleum director Luisa Palacios to leave board at month’s end: company

Reuters


Citgo Petroleum Corp’s Luisa Palacios will leave the board of the eighth-largest U.S. oil refiner at month’s end, the company said in a statement on its website.

Palacios, who joined the refining firm in February 2019 when it severed …

U.S. rig count increased by 9 this week, at 411

U.S. rig count increased by 9 this week, at 411

Oil and Gas 360


This week’s Baker Hughes rig count shows that U.S. had an increase of  9 over last week, resulting in a total count of 411 rigs. Canada had a decrease of 24 over last week, resulting in …

Goldman sees oil price pullback as buying opportunity

Goldman sees oil price pullback as buying opportunity

Reuters


Goldman Sachs sees the oil price pullback as a buying opportunity and forecasts Brent crude reaching $80 per barrel this summer even as the recent rally in prices “takes a big breather.”

Oil prices are set to drop about …

Source: Reuters

Germany’s Greens vow to scrap Russian gas pipeline after election

Reuters


BERLIN – Germany’s Greens have enshrined in their election programme plans to abolish the contested Nord Stream 2 pipeline to ship Russian gas to Europe’s biggest economy, creating a hurdle to a potential alliance with the conservatives.

Chancellor Angela …

Source: Reuters

U.S. LNG exports on track to hit record high in March

Reuters


U.S. liquefied natural gas (LNG) exports are on track to hit record highs in March as tumbling shipping rates and lower prices than in Europe and Asia continue to attract buyers.

The amount of gas flowing to U.S. LNG …

Source: Reuters

Oil prices rise 2%, but set for weekly loss on demand fears

Reuters


NEW YORK  – Updated: Oil rose more than 2% in volatile trading on Friday after a sell-off earlier in the week erased about 7% from prices as a new wave of coronavirus infections across Europe dampened expectations of any …

In person and virtual registration is Open for EnerCom Dallas The Energy Investment and ESG Conference, April 6-7, 2021

In person and virtual registration is Open for EnerCom Dallas The Energy Investment and ESG Conference, April 6-7, 2021

Oil and Gas 360


Private and Publicly traded energy companies, industry leaders and capital providers talk 2021 plans in Dallas and online. In 2021, EnerCom is launching its Environmental, Social and Governance Summit as a part of the EnerCom Dallas

March 18, 2021 - 3:45 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Column: India may join net-zero emissions club, but membership won’t be easy

Reuters


LAUNCESTON, Australia- India may be the last major climate change domino to fall into place as the government considers setting a target to reach net zero carbon emissions, in line with similar moves by other major polluters.

India is …