U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.3 million barrels from the previous week. At 415.7million barrels, U.S. crude oil inventories …
EnerCom Denver – The Energy Investment Conference will celebrate its 27th year of bringing a broad group of public and private energy companies, energy analysts, industry leaders and investors to Denver, Aug. 7-10, 2022…
(Bloomberg) — Shale drillers Diamondback Energy Inc., Devon Energy Corp. and Coterra Energy Inc. are boosting dividends while keeping oil output flat despite pleas from President Joe Biden to increase supplies and help take some the edge off …
LONDON -BP reported its strongest operational performance in more than a decade on Tuesday on the back of rocketing oil prices that helped it step up share buybacks, even as a $24 billion writedown from exiting Russia led …
ApexBrasil, a Brazilian Trade and Investment Promotion Agency, is partnering with Brazil’s Energy Research Office (EPE), The Brazilian Petroleum and Gas Institute (IBP), The Brazilian National Agency of Petroleum, Natural Gas, and Biofuels (ANP), Petrobras, and the Federation …
U.S. natural gas surged Tuesday to the highest level in nearly 14 years as Russia’s invasion of Ukraine wreaks havoc on global energy markets.
Henry Hub prices jumped more than 9% to $8.14 per million British thermal units during …
(Bloomberg) — European Union energy ministers tried to project a united front Monday in rejecting Russia’s demands to buy gas in rubles as the bloc tries to prevent Vladimir Putin from sowing divisions in the bloc.
Despite signs …
Oil slipped Tuesday as concerns about the demand outlook due to prolonged Covid lockdowns in China outweighed support from a possible European oil embargo on Russia over its actions in Ukraine.
Beijing, reporting dozens of new cases daily, is …
(Bloomberg) — Exxon Mobil Corp. and Chevron Corp. will together give more cash to shareholders than they invest in oil and gas production this year even as political leaders call on the industry to increase output to help …
Requests for Russian natural gas deliveries for the EU via Ukraine and Slovakia on Monday reached their highest level since November 2021, sending European benchmark gas prices lower in early trade, despite the ongoing dispute over rubles-for-gas payments …
BRUSSELS -The European Union was preparing a ban on Russian oil, with possible exemptions for wary countries, as EU energy ministers on Monday held crisis talks on Moscow’s demand that foreign buyers pay for gas in roubles or lose …
HOUSTON – Enterprise Products Partners LP’s EPD.N crude pipeline volumes rose by 16% in the first quarter, the U.S. energy pipeline operator said on Monday, as demand recovered.
Russia’s invasion of Ukraine and worries of a supply crunch increased …
The increase in OPEC’s oil output in April undershot the rise planned under a deal with allies, a Reuters survey found, as declines in Libya and Nigeria offset supply increases by Saudi Arabia and other top producers.
The Organization …
Oil prices fell on Monday as concerns over weak economic growth in China, the world’s top oil importer, overshadowed fears supply might be crimped by a potential European Union ban on Russian crude.
Brent crude futures were down $3.23, …
When Jeremy Davis was laid off from his oilfield job in Texas in 2020, he did not want to leave the industry after 17 years in oil and gas.
But his next jobs brought one mishap after another. He …
HOUSTON – Chevron Corp’s first-quarter profit leapt from the same period a year ago to its highest in 10 years, benefiting from the surge in oil and gas prices in the aftermath of Russia’s invasion of Ukraine.
The second-largest …
Exxon Mobil Corp. and Chevron Corp. pledged to ramp up shareholder returns as crude oil and natural gas prices surged to multi-year highs following Russia’s invasion of Ukraine.
Despite pleas from politicians to ease the burden on consumers, …
Oil prices rose for a fourth day on Friday as fears over Russian supply disruption trumped COVID-19 lockdowns in China, the world’s biggest crude importer.
Brent crude futures rose 2% to $109.73 per barrel. The front-month June contract expires …
This week’s Baker Hughes rig count shows that U.S. had an increase of 3 over last week, resulting in a total count of 698 rigs. Canada had a decrease of 6 over last week, resulting in …
(Bloomberg) — Chevron Corp. lifted its production target in North America’s biggest oil field in a sign that U.S. shale is responding to $100-a-barrel crude despite rising cost pressures and equipment shortages.
Chevron will produce the equivalent of …
WASHINGTON – A U.S. Senate panel will consider as soon as next week a bill to open the OPEC oil production group and countries working with it to lawsuits for collusion on boosting petroleum prices, a Senate aide said …
(Bloomberg) — TotalEnergies SE took a $4.1 billion writedown on its flagship Russian gas project and indicated that it may belatedly join its peers in pulling back from the country two months after the invasion of Ukraine.
The …
Oil prices steadied after trading in and out of positive territory on Thursday as investors weighed up tightening Russian supplies and the prospect of slowing fuel demand in China.
Brent crude futures were down 9 cents at $105.23 …
PARAMARIBO – Suriname’s state firm Staatsolie and a unit of Chevron Corp CVX.Nhave signed a production sharing contract for exploring and producing oil at an offshore block, the companies said on Wednesday, expanding their cooperation in the South …
An analyst at Evercore ISI, which tracks many market and regulatory factors affecting oil and gas, says he has been getting questions this morning about the Monday/Tuesday overnight news that Senator Joe Manchin (D-W.V.) convened a bipartisan group, …
(Bloomberg) — Big Oil is walking away from tens of billions of dollars of Russian assets, but $100 crude is easing the sting.
The invasion of Ukraine forced the global supermajors to sever most of their ties with …
(Bloomberg) — Guyana, home to the world’s largest oil discovery of the past decade, is in discussions with Abu Dhabi to build a deepwater port to serve the rapid economic development along South America’s Caribbean coast.
“We must …
Exxon Mobil Corp said on Wednesday that its Russian unit Exxon Neftegas Ltd has declared force majeure for its Sakhalin-1 operations, where it has become increasingly difficult to ship crude out of due to sanctions on Russia.
The …
