Crude Oil News

EnerCom’s The Oil & Gas Conference: Cimarex Energy presenting

EnerCom’s The Oil & Gas Conference: Cimarex Energy presenting

The Oil & Gas Conference


Publisher’s Note:  1 x 1 investor meeting requests OPEN. Cimarex Energy presenting.

Please register to join us this August 17-19, 2020 on our 25th Anniversary of The Oil & Gas Conference.

Unprecedented times call …

August 3, 2020 - 3:30 pm Closing Bell Story‎, Crude Oil News, Energy News, TOGC25
360 Digital Closing Bell 8-3-2020

360 Digital Closing Bell 8-3-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail. The best 8 min summary of the energy markets. There are big names presenting at The Oil & Gas Conference., check it out for

Source: CNBC

The UAE becomes the first Arab country to launch its own nuclear energy program

CNBC


DUBAI, United Arab Emirates — The United Arab Emirates announced Saturday the successful start up of its Barakah nuclear energy plant, the first in the Arab world and a significant step towards the country’s goal of emissions-free electricity.

With …

August 3, 2020 - 2:00 pm Closing Bell Story‎, Crude Oil News, Energy News, Nuclear
Source: Reuters

Column: Hedge funds pull bullish bets on petroleum – Kemp

Reuters


LONDON – Hedge funds turned less bullish on petroleum at the end of July amid anticipated rises in OPEC+ production and growing concerns about the impact of resurgent coronavirus infections on the global economic outlook.

Money managers sold the …

August 3, 2020 - 1:00 pm Closing Bell Story‎, Crude Oil News, Energy News, Finance
Source: CNBC

OPEC+ is facing a ‘very delicate, fragile balancing act’ in the oil market, strategist says

CNBC


OPEC  and its allies need to find a balance between supporting oil prices and keeping U.S. crude production at bay, a strategist told CNBC this week as the oil-producing group starts to roll back supply cuts.

The alliance’s historic …

Source: Reuters

GeoPark Announces The Appointment of Somit Varma to its Board of Directors

Oil and Gas 360


Publisher’s Note:  GeoPark will be presenting at The Oil & Gas Conference this coming August 17-19, 2020. 1 x 1 investor meetings are open, register to attend.

Bogota, Colombia – August 3, 2020 – GeoPark Limited …

Source: CNBC

Oil steady as virus fears counter positive factory data

CNBC


Oil prices steadied on Monday, pressured by rising COVID-19 cases around the globe and by oversupply worries as OPEC and its allies are set to wind back output cuts in August, but supported by positive industry data in Europe …

Weatherford remotely installs liner hanger on russian offshore platform during COVID-19 lockdown – Tech that can save lives

Weatherford remotely installs liner hanger on russian offshore platform during COVID-19 lockdown – Tech that can save lives

Oil&Gas


Remote training and monitoring procedures enable successful installation using a restricted crew

Weatherford International plc (OTC Pink: WFTLF) announced it successfully and remotely used a restricted crew to install a 16-inch liner hanger on an offshore platform in Sakhalin …

August 3, 2020 - 6:00 am Crude Oil News, International, Offshore, Tech Corner, Technology
Noble Energy Announces Second Quarter Results
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Noble Energy Announces Second Quarter Results

Noble Energy, Inc. (NASDAQ: NBL ) (“Noble Energy” or the “Companyȁ…

Egypt’s Giant Oil Pipeline Toward Europe Slows to a Trickle

Egypt’s Giant Oil Pipeline Toward Europe Slows to a Trickle

Bloomberg

Egypt’s Sumed pipeline was designed to pump 2.5 million barrels of Persian Gulf crude from the Red Sea to the Mediterranean every day. Since May, a slump in oil demand and OPEC+ oil production cuts seem to have combined …

August 2, 2020 - 7:57 pm Crude Oil News, International, Pipeline News
Source: Reuters/Rodrigo Garrido

Inside Texas Politics: U.S. Energy Secretary expects ‘strong economic recovery’ for oil and gas

The price of oil continues to be depressed & rig counts are down dramatically in the Permian Basin. But the second half of 2020 is looking up, Dan Brouillette said.

 


August 2, 2020 - 1:08 pm Crude Oil News, Economy, Jobs
FILE PHOTO: A well head and drilling rig in the Yarakta oilfield, owned by Irkutsk Oil Company (INK), in the Irkutsk region, Russia, March 11, 2019. REUTERS/Vasily Fedosenko/File Photo

Russia says July oil output in line with OPEC+ deal

Reuters


MOSCOW (Reuters) – Russia’s Energy Ministry said on Sunday that the country’s oil output in July was unchanged from levels seen in June, in line with an OPEC+ agreement.

The ministry added that its level of compliance with the …

August 2, 2020 - 12:59 pm Commodity Pricing, Crude Oil News, International
Oasis Midstream Partners Schedules Second Quarter 2020 Conference Call for August 5, 2020

Oasis Midstream Partners Schedules Second Quarter 2020 Conference Call for August 5, 2020

HOUSTON , July 31, 2020 /PRNewswire/ — Oasis Midstream Partners LP (Nasdaq: OMP) (“…

EnerCom’s The Oil & Gas Conference 1 x 1 investor meeting requests OPEN! Comstock Resources presenting

EnerCom’s The Oil & Gas Conference 1 x 1 investor meeting requests OPEN! Comstock Resources presenting

The Oil & Gas Conference


Publisher’s Note:  1 x 1 investor meeting requests OPEN! Comstock Resources presenting.

Please register to join us this August 17-19, 2020 on our 25th Anniversary of The Oil & Gas Conference.

Unprecedented times call …

July 31, 2020 - 3:45 pm Closing Bell Story‎, Crude Oil News, Energy News, TOGC25
Source: Reuters

Oil set for fragile recovery as economies limp towards normal: Reuters poll

Reuters


Oil prices are set for a slow crawl upwards this year as the gradual easing of coronavirus-led restrictions buoy demand, although a second COVID-19 wave could slow the pace of recovery, a Reuters poll showed on Friday.

The survey …

July 31, 2020 - 3:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Finance
Source: Reuters

Refiner Phillips 66 posts smaller-than-expected loss on higher retail margins

Reuters


Phillips 66 posted a smaller-than-expected loss on Friday as the refiner’s retail marketing business, which buys and resells petroleum products, benefited from a decline in prices following the coronavirus crisis.

The unit buys refined products from others and resells …

360 Digital Closing Bell 7-31-2020

360 Digital Closing Bell 7-31-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail. The best 8 min summary of the energy markets. There are big names presenting at The Oil & Gas Conference., check it out for

Source: Reuters

Canada’s Imperial Oil posts loss on coronavirus-led oil slump

Reuters


Canadian integrated energy company Imperial Oil Ltd (IMO.TO) posted a second-straight quarterly loss on Friday, hit by lower crude prices and refining margins as the COVID-19 pandemic dented demand for fuel and related products.

The coronavirus outbreak …

Source: Reuters

Exxon posts second straight quarterly loss on demand, price plunge

Reuters


HOUSTON – Exxon Mobil Corp (XOM.N) on Friday reported a $1.1 billion second-quarter loss on sharply lower energy demand and prices from the COVID-19 pandemic, and confirmed plans to make deeper spending cuts.

It was Exxon’s first …

U.S. rig count had no change this week, at 251

U.S. rig count had no change this week, at 251

Oil and Gas 360


This week’s Baker Hughes rig count shows that U.S. had no change over last week, resulting in a total count of 251 rigs. Canada had an increase of 3 over last week, resulting in a total …

Source: Reuters

Chevron posts $8.3 billion second-quarter loss on write downs, job cuts

Reuters


HOUSTON  – Chevron Corp (CVX.N) on Friday reported an $8.3 billion loss in the second quarter on asset writedowns from plummeting fuel prices, a forced exit from Venezuela and expenses tied to thousands of jobs cuts.

Multibillion-dollar …

Source: CNBC

Oil prices bounce back from 3-week lows, but economic headwinds loom

CNBC


Oil prices rose on Friday, recovering further ground after touching three-week lows in the previous session, hit by a record decline in U.S. growth as the coronavirus ravaged the world’s biggest economy and oil consumer.

Brent crude was up …

Northern Oil and Gas, Inc. Announces Multiple Acquisitions and Additional Balance Sheet Enhancement
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Northern Oil and Gas, Inc. Announces Multiple Acquisitions and Additional Balance Sheet Enhancement

HIGHLIGHTS Acquisitions in total consist of 400 net acres, 0.7 net producing wells, 1…

SM Energy Reports Second Quarter 2020 Results and Updates 2020 Operating Plan
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SM Energy Reports Second Quarter 2020 Results and Updates 2020 Operating Plan

DENVER , July 30, 2020 /PRNewswire/ — SM Energy Company (the “Company”) (NYSE: SM) today…

EnerCom’s The Oil & Gas Conference 1 x 1 investor meeting requests OPEN! Schedule your meeting with Apache

EnerCom’s The Oil & Gas Conference 1 x 1 investor meeting requests OPEN! Schedule your meeting with Apache

The Oil & Gas Conference


Publisher’s Note:  1 x 1 investor meeting requests OPEN! Schedule your meeting with Apache.

Please register to join us this August 17-19, 2020 on our 25th Anniversary of The Oil & Gas Conference.

July 30, 2020 - 3:45 pm Closing Bell Story‎, Crude Oil News, Energy News, TOGC25
Apache Corporation announces major oil discovery in Block 58 offshore Suriname at  Kwaskwasi-1

Apache Corporation announces major oil discovery in Block 58 offshore Suriname at Kwaskwasi-1

Apache Corp


PUBLISHER’S NOTE: CONGRATULATIONS! Apache Corp (APA) will be participating on  1 x 1 investor meetings, register at The Oil & Gas Conference this coming August 17-19, 2020. 1 x 1 investor meetings are OPEN.

APACHE CORPORATION ANNOUNCES MAJOR
360 Digital Closing Bell 7-30-2020

360 Digital Closing Bell 7-30-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail. The best 8 min summary of the energy markets. There are big names presenting at The Oil & Gas Conference., check it out for

Source: Reuters

Column: U.S. crude stocks stabilise as Saudi export surge ends – Kemp

Reuters


LONDON – Bloated U.S. crude inventories are finally on a diet, after the surge of imports from Saudi Arabia, loaded at the height of the volume war with Russia in March and April, finished discharging in the middle of …

Source: Forbes

Chapter 11 Bankruptcy statistics on U.S. shale patch are not the best barometer to gauge industry’s future

Forbes


The oil and gas industry’s most recent cyclical downturn, triggered by the Covid-19 global pandemic in March, has yet again invited close scrutiny of the U.S. shale industry. At one point, prior to the turn of events, shale was …

Source: Reuters

Headache for OPEC as oil market structure signals return of glut

Reuters


SINGAPORE/LONDON  – Rising OPEC and U.S. oil supply, coupled with stalled economic and crude demand recovery, have pushed the futures market structure back to indicating a surplus, last observed during oil’s collapse in April and May amid the coronavirus …