Crude Oil News

Evolution Petroleum reports fourth quarter and fiscal 2021 results and increases quarterly dividend

Evolution Petroleum reports fourth quarter and fiscal 2021 results and increases quarterly dividend

HOUSTON, TX / ACCESSWIRE / September 13, 2021 / Evolution Petroleum (NYSE American:EPM) (“Ev…

Source: Reuters

Blinken appeals to senators to move nominees stalled over Nord Stream 2 pipeline

Reuters


WASHINGTON – U.S. Secretary of State Antony Blinken appealed to the Senate on Tuesday to quickly confirm President Joe Biden’s nominees for national security-related positions, citing the ever-present risk of attacks.

“It is essential that we accelerate the process …

Source: World Oil

ADNOC to raise $750MM from drilling unit IPO

World Oil


ADNOC Drilling set the …

Source: Reuters

Chevron, Exxon, Valero, others win bids for planned U.S. SPR sale

Reuters


WASHINGTON – The U.S. government has agreed to sell crude oil from the nation’s emergency reserve to eight companies including Exxon, Chevron and Valero, under a scheduled auction to raise money for the U.S. budget, the Department of Energy …

Source: Reuters

Hit to oil output from Ida overshadows demand impact, says Goldman

Nasdaq


Goldman Sachs said Hurricane Ida had a larger impact on oil production than on refinery demand, causing a net “bullish” impact on U.S. and global storage levels.

The investment bank, in a note dated Sept. 9, described the hit …

September 13, 2021 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

OPEC sees oil supply disruptions boosting demand for its crude

World Oil


(Bloomberg) –OPEC predicted stronger demand for its crude on a combination of rising global fuel consumption and output disruptions elsewhere.

The latest data from the group indicate that the world will continue to face an oil supply deficit …

Source: Reuters

BofA could bring forward $100 oil target in event of cold winter

Reuters


Bank of America Global Research said it could bring forward its $100 per barrel oil price target to the next six months from mid-2022 if the winter is colder than usual, potentially driving a surge in demand and widening …

Source: Reuters

Oil prices climb as U.S. supplies restart following historic Ida impact

World Oil


SINGAPORE (Bloomberg) –Oil climbed above $70 a barrel in New York after three weeks of gains as investors tracked the slow restoration of supplies in the Gulf of Mexico and the outlook for demand and inventories over the …

Source: Reuters

Traders chase Russian oil to fill U.S. supply gap after Hurricane Ida

Nasdaq


MOSCOW, Sept 10  – Trading houses are rushing to supply Russian Urals crude to the United States where oil production was hammered by Hurricane Ida in August, three trading sources said on Friday.

Ida, one of the most devastating …

September 10, 2021 - 2:30 pm Closing Bell Story‎, Crude Oil News, Energy News, International
U.S. rig count increased by 6 this week, at 503

U.S. rig count increased by 6 this week, at 503

Oil and Gas 360


This week’s Baker Hughes rig count shows that U.S. had an increase of 6 over last week, resulting in a total count of 503 rigs. Canada had a decrease of 9 over last week, resulting in …

Source: yahoo.com

California wants air pollution rules suspended to burn more natural gas

World Oil


The state’s main grid operator wants the U.S. Department of Energy

Source: World Oil

Biden’s clean energy future won’t include natural gas

World Oil


WASHINGTON (Bloomberg) –Natural gas won’t count as clean energy under a House Democratic plan that would eventually rid the electric grid of carbon and is part of the $3.5 trillion tax-and-spending package moving through Congress.

The proposal by …

Source: Reuters

Oil rallies to $73 on tight U.S. supplies, Biden-Xi call

Reuters


LONDON – Oil rose to around $73 a barrel on Friday, supported by growing signs of supply tightness in the United States as a result of Hurricane Ida and as U.S.-China trade hopes gave riskier assets a boost.

About …

Source: World Oil

Pemex reduces 2022 oil output forecast after platform troubles

World Oil


MEXICO CITY (Bloomberg) –Mexico cut its forecast for oil production at Pemex next year and reduced its tax burden after a string of accidents at offshore platforms signaled the highly indebted state company is struggling.

The country’s Finance

September 9, 2021 - 2:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Mexico
Source: Reuters

Shell begins redeploying personnel to platform in Gulf of Mexico

Reuters


Royal Dutch Shell Plc is beginning the redeployment of personnel to its Appomattox platform in the Gulf of Mexico while damage assessments are continuing at its West Delta-143 (WD-143) offshore facility after Hurricane Ida.

As of Wednesday, more than …

September 9, 2021 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Offshore, People
Source: Reuters

World’s largest economies are surpassing pre-Covid oil demand

World Oil


(Bloomberg) –Some of the world’s biggest economies are seeing oil consumption turn the corner and even surpass pre-pandemic levels as falling Covid-19 infection rates drive a recovery in activity.

Oil demand in China, the world’s top energy consumer,

September 9, 2021 - 10:30 am Closing Bell Story‎, Crude Oil News, Economy, Energy News
U.S. crude oil inventories decrease by 1.5 million barrels

U.S. crude oil inventories decrease by 1.5 million barrels

Weekly Crude Oil Storage as of September 3, 2021

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.5 million barrels from the previous week. At 423.9 million barrels, U.S. crude oil …

Source: Reuters

EIA reports sharp decline in drilled but uncompleted shale well count

World Oil


WASHINGTON – Based U.S. Energy Information Administration’s latest Drilling Productivity Report, 5,957 drilled but uncompleted wells (DUCs) were in the United States in all DPR regions in July 2021, the lowest for any month since November 2017.

The …

Source: Reuters

World’s largest plant capturing carbon from air starts in Iceland

Reuters


The world’s largest plant that sucks carbon dioxide directly from the air and deposits it underground is due to start operating on Wednesday, the company behind the nascent green technology said.

Swiss start-up Climeworks AG, which specialises in capturing …

Great Western President and CEO Rich Frommer announces retirement

Great Western President and CEO Rich Frommer announces retirement

Great Western Petroleum


Denver, CO – September 2021- Great Western Petroleum, LLC (“Great Western” or the “Company”)  today announced that President and Chief Executive Officer Rich Frommer has advised the Board of Directors of Great Western of his intention to …

Source: Reuters

Oil slides 2% on worries about weak demand

Reuters


CALGARY, Alberta – Oil prices fell on Tuesday on concerns about weak demand in the United States and Asia, although ongoing production outages on the U.S. Gulf Coast helped to limit losses.

Industry analysts said a strengthening U.S. dollar …

Source: Reuters

Exxon to begin certifying some shale gas emissions amid investor pressure

Reuters


HOUSTON- Exxon Mobil Corp on Tuesday said it will begin measuring methane emissions from production of natural gas at a New Mexico facility, joining a number of shale gas producers seeking to provide the data to buyers.

The largest …

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.

Sponsors of The Oil

September 6, 2021 - 3:30 pm Closing Bell Story‎, Crude Oil News, Energy News, TOGC 2021
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.

Sponsors of The Oil

September 3, 2021 - 3:30 pm Closing Bell Story‎, Crude Oil News, Energy News, TOGC 2021
U.S. rig count decreased by 11 this week, at 497

U.S. rig count decreased by 11 this week, at 497

Oil and Gas 360


This week’s Baker Hughes rig count shows that U.S. had a decrease of 11 over last week, resulting in a total count of 497 rigs. Canada had an increase of 5 over last week, resulting in …

Source: Reuters

Exxon draws from U.S. Strategic Petroleum Reserve for Louisiana refinery

World Oil


(Bloomberg) –The U.S. Department of Energy has authorized Exxon Mobil Corp. to receive crude from the Strategic Petroleum Reserve to kickstart the production of fuels while most oil production in the Gulf of Mexico remains shut.

The oil

September 3, 2021 - 12:00 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Chevron braces for activist challenge; meets Engine No.1 representatives- WSJ

Reuters


Chevron Corp is preparing to defend itself against a potential challenge from activist investors and met with representatives of the pro-environment fund at the center of similar events at Exxon earlier this year, the Wall Street Journal reported on

Source: World Oil

Noble provides clarity on Globetrotter II drillship, during and after hurricane Ida

World Oil


As many industry professionals and the public are aware, there has been considerable confusion and a number of discrepancies in various accounts of what happened to the Noble Globetrotter II drillship, as it tried to evade Hurricane Ida …

September 3, 2021 - 10:00 am Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Oil steady as U.S. jobs report disappoints

Reuters


LONDON -Oil prices were steady on Friday after a U.S. jobs report indicated a patchy recovery amid the pandemic but the demand picture remained bright globally and the aftermath of a U.S. hurricane also checked losses.

Brent crude futures …

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.

Sponsors of The Oil

September 2, 2021 - 3:30 pm Closing Bell Story‎, Crude Oil News, Energy News, TOGC 2021