RoyalDuch Shell
Oil & Gas 360 Publishers Note: Very interesting opinion piece around the oil based manufacturing of plastics. While the major oil companies are investing in renewable energy, it seems that they are not forgetting the core demand for …
Rystad
The recovery of fracking operations in the US is happening largely thanks to an unusually high inventory of drilled but uncompleted wells (DUCs), which is strong enough to sustain the current level of fracking without the industry adding more …
Nigerian light sweet crude and those from other West African producers have been struggling to clear for September and October loading, and are likely to move into storage.
Some oil traders are once again looking to store oil …
Daily Energy Market Summary: 360 DCB – 9/4/2020 Day 2 of the tech sellout (welcome to September selling) as both $TSLA and $AAPL drop big leading to NQ trading down at one point almost 450 pts before rebounding toward
This week’s Baker Hughes rig count shows that U.S. added 3 over last week, resulting in a total count of 257 .
The International Rig Count was 563 onshore and 184 offshore for a total of …
BRUTAL day for the equities markets as majors index’s fall over 3.5% as large institutions begin a tech sellout amid what some are calling the top of the latest bull run. Jobless claims shed some hope as 881,000 first
Bloomberg
Saudi Aramco is shelving multi-billion-dollar petrochemical and gas projects as the state oil giant’s determination to preserve its dividend forces it to cut back on major investments.
The world’s biggest oil company is abandoning plans to build a $20 …
Oil & Gas 360 Publishers Note: As this is a decommissioned tanker that has been repurposed for storage, and it is an example of a larger problem that is lurking on the horizon. It is not clear how many …
LONDON – Oil prices extended losses on Thursday, falling to their lowest point since early August, as worries about weaker U.S. gasoline demand and a sluggish economic recovery from the COVID-19 pandemic dented sentiment.
Brent crude LCOc1 fell 55 …
U.S. energy giant ExxonMobil is assessing whether to cut jobs worldwide after announcing a voluntary lay-off programme in Australia.
Namely, ExxonMobil said on Wednesday that it started a voluntary redundancy program for its Australian employees.
The company added …
Wild Wednesday for the 360 Digital Closing Bell! Oil has a rough day despite positive DOE inventory levels.
Stocks drew 9.4 mm/bbl for the week along with oil production down to 9.7 mm/bbl/day coming off shut ins due to
CAIRO – Iraq is seeking an exemption from an OPEC+ deal curbing oil production during the first quarter of 2021 but will adhere to the cuts over the next three months, Oil Minister Ihsan Abdul Jabbar said on Wednesday.…
Exxon Mobil Corp is assessing possible worldwide job cuts, a spokesman said on Wednesday, after the company announced a voluntary lay-off program in Australia.
Exxon is the latest oil major to embark on axing jobs spurred by …
LONDON – Oil rose towards $46 a barrel on Wednesday, gaining for a third day, supported by a report that U.S. crude inventories fell and as surveys showing stronger manufacturing raised hopes of an economic recovery from the coronavirus …
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 9.4 million barrels from the previous week. At 498.4 million barrels, U.S. crude oil …
Oil & Gas 360 Publishers Note: Robert Bradley, Jr, Founder and CEO of the Institute for Energy Research Principal, MasterRsource: A Free-Market Energy Blog, has put a great article together on Chevron’s view on diversification into the …
Big day today in the markets - Guest Aaron Vanderford, President talking about Liberty Frac, Whiting, Colorado legislation SB181 –
International News Desk – India spending billions on 100 million tons of coal for coal gasification to help turn
Oil prices will see little change this year and a modest uptick in 2021 as output cuts take effect, with the demand picture clouded in uncertainty due to the coronavirus pandemic, a Reuters poll showed on Tuesday.
The survey …
MEXICO CITY – Mexico’s oil output hit a record low in July at 1.605 million barrels per day (bpd), down slightly for both state-run Pemex and upstart private producers and putting the country’s oil patch on track for its …
Supercharging Technology and Scale in North American Pressure Pumping Liberty Oilfield…
…Michael starts by chatting energy technogly and shift away from E&P having internal teams to handle all things tech. Then they dive into the stories for the week, levels for crude oil and the 360 official non official fund.
Houston, 31 August (Argus) — Motiva began restarting the largest US refinery over the weekend as the western US Gulf coast continued recovery from Hurricane Laura’s destruction.
The company, Saudi Aramco’s US refining subsidiary, reported startup work on 29 …
The Organisation of Petroleum Exporting Countries (OPEC) at the weekend said it was going to explore the future of blue hydrogen, digitalisation in the energy sector and cyber security and blockchain technology.
Its Secretary-General Mohammad Barkindo, said …
Even though Hurricane Laura has moved from the Gulf of Mexico onto the mainland, almost 70 per cent of U.S. oil production remains shut-in.
The U.S. Bureau of Safety and Environmental Enforcement (BSEE) said on Sunday that it …
The economic impacts of the pandemic and ensuing recession in the first half of 2020 are not yet entirely clear. Capital markets are showing signs of recovery, but consumer demand will likely lag for
The U.S. Justice Department has seized three websites used by Iranian fuel traders, which are accused of being used as front companies for arranging a multimillion-dollar fuel shipment by the Islamic Revolutionary Guard Corps (IRGC) to Venezuela.
The …
Bloomberg
Saudi Aramco discovered two oil and gas fields in northern parts of Saudi Arabia, the kingdom’s official news agency reported, citing Energy Minister Prince Abdulaziz bin Salman.
Gas has started flowing from Hadabat Al-Hajara field near the Iraqi border …
The 360 Hall Pass Friday - All time highs again - energy was up - Fed is managing inflation with low interest, and consumer spending was up. nternational News Desk: Great podcast talking about Novatek LNG shipments to UAE, and
