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Crude Oil News
Berkshire Hathaway reveals $5 bln Occidental stake as Icahn exits
In his annual letter to shareholders released less than one week ago, Warren Buffett complained he could “find little that excites us” in the equity markets.
However a new SEC filing from Friday night revealed that someone at Berkshire …
U.S. government should subsidize frackers and consider a minimum pump price, strategist says
U.S. President Joe Biden’s administration should step in to subsidize fracking operations, according to Michael Harris of Cribstone Strategic Macro, as oil prices climb to their highest levels since 2008 on Russia supply disruption fears.
Russia’s military forces
Schlumberger announces deployment of reservoir engineering digital solutions
Schlumberger announced an enterprise-wide deployment of the cloud-based DELFI* cognitive E&P environment for ConocoPhillips. ConocoPhillips will use Schlumberger digital solutions enabled by the DELFI environment to bring its reservoir engineering modeling, data and workflows to the cloud.
“This …
TAQ Energy presented at the 2022 The Energy Venture Investment Summit presented by EnerCom and Colorado School of Mines
Publisher’s Note: TAQ Energy presented at the 2022 The Energy Venture Investment Summit presented by EnerCom and Colorado School of Mines on Thursday, February 17, 2022 on the Colorado School of Mines campus in Golden, Colorado. …
Traders ramp up bullish bets in U.S. oil options as prices soar
March 4 – Bulls have surged into the U.S. crude oil options market in recent days as futures touch highs not seen in a decade, betting that crude’s rally will persist, according to analysts and exchange data.
The global …
Biden called to unleash shale to counter deepening energy crisis
(Bloomberg) — The chorus is growing from America’s oil executives for President Joe Biden to throw the federal government’s weight behind an industry he once deliberately shunned: U.S. shale.
The Biden administration, which has made climate one of …
U.S. rig count had no change this week, stays at 650
This week’s Baker Hughes rig count shows that U.S. had no change over last week, resulting in a total count of 650 rigs. Canada had a decrease of 7 over last week, resulting in a total …
Oil jumps toward US$115 as Ukraine conflict offsets Iran supply hope
LONDON (March 4): Oil jumped 4% toward US$115 a barrel on Friday in a volatile session as fears over disruption to Russian exports in the face of Western sanctions outweigh the prospect of more Iranian supply in the event …
EU considers energy sanctions on Russia after nuclear power plant attack
The European Union is debating new sanctions against Russia — and this time they could hit the energy sector.
Three European officials, who did not want to be named due to the sensitivity of the talks, told CNBC that …
Empire Petroleum Corporation announces uplisting to the New York Stock Exchange American
Publisher’s Note: Empire Petroleum will be presenting at EnerCom Dallas – The Energy Investment & ESG Conference – April 6 & 7 (www.enercomdallas.com). EnerCom Dallas provides energy industry professionals a venue to learn about
EnerCom announces preliminary list of participating companies at the EnerCom Dallas Energy Investment and ESG Conference, April 6-7, 2022
DENVER, Feb. 28, 2022 /PRNewswire/ — EnerCom, Inc. announces participating companies for the EnerCom Dallas Energy Investment & ESG Conference on April 6-7, 2022. EnerCom Dallas is a financial conference that allows institutional investors …
Exum Instruments presented at the 2022 The Energy Venture Investment Summit presented by EnerCom and Colorado School of Mines
Publisher’s Note: Exum Instruments presented at the 2022 The Energy Venture Investment Summit presented by EnerCom and Colorado School of Mines on Thursday, February 17, 2022 on the Colorado School of Mines campus in Golden, Colorado. …
U.S. senators grill regulators over climate policy on natural gas projects
WASHINGTON – Top U.S. senators from both parties on Thursday grilled Democratic energy regulators who recently approved guidelines for approving new natural gas projects that allow consideration of environmental justice, landowner and climate issues.
The three Democrats on
Europe eyes costly options to live without Russian natural gas
(Bloomberg) — Western European nations are scrambling for ways to live without Russian natural gas, bracing for the possibility that either the Kremlin switches off the taps or political pressure for tighter sanctions erupts into a full energy …
Oil steadies from decade-highs as Iran talks kindle supply hopes
Oil steadied after hitting prices not seen in roughly a decade on Thursday, as sellers jumped in on hopes that the United States and Iran will agree soon to a nuclear deal that could add barrels to a badly …
Saudi crown prince plays the oil card in quest for U.S. recognition
DUBAI – Saudi Arabia’s crown prince says he simply doesn’t care whether Joe Biden misunderstands him.
The prince is instead looking to his oil power to deliver his goals, according to sources familiar with Riyadh’s thinking: recognition from …
Oil price spike could prompt demand slump, MUFG analysis suggests
NEW YORK -Oil prices surged over 7% on Tuesday to their highest since 2014, as a global agreement to release crude reserves failed to calm fears about supply disruptions from Russia’s invasion of Ukraine.
Members of the International Energy
Landgate presented at the 2022 The Energy Venture Investment Summit presented by EnerCom and Colorado School of Mines
Publisher’s Note: Landgate presented at the 2022 The Energy Venture Investment Summit presented by EnerCom and Colorado School of Mines on Thursday, February 17, 2022 on the Colorado School of Mines campus in Golden, Colorado.
…
Energy Workforce & Technology Council: invest in U.S. energy to create jobs, energy independence
Leslie Beyer, CEO of the Energy Workforce & Technology Council, said following the State of the Union Address, she agrees with President Biden and our need to optimize reliance on domestic resources, but that must also include energy …
U.S. shale oil forecasts keep rising as smaller producers lead the way
March 2 – Publicly traded U.S. shale firms are not budging on production restraint vows as oil markets surge amid Russia’s invasion of Ukraine, leaving smaller producers to lead output gains during the highest prices in seven years.
Oil …
U.S. crude, fuel stocks dwindle as buyers grab from storage – EIA
March 2 – U.S. crude and fuel stocks fell in the latest week, driving key storage hubs to multi-year lows as strong demand had refiners and other users paying dearer prices to secure supplies.
Oil prices have soared since …
Oil soars past $110/bbl on growing Russian supply disruptions
NEW YORK – Oil prices surged beyond $110 per barrel on Wednesday as traders scrambled to seek alternative oil sources due to supply disruptions after sanctions on Russian banks amid the intensifying Ukraine conflict, while U.S. crude inventories
U.S. crude oil inventories decrease by 2.6 million barrels
Weekly Crude Oil Storage as of February 25, 2022
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 2.6 million barrels from the previous week. At 413.4 million barrels, U.S. crude oil …
Aureus Energy Services presented at the 2022 The Energy Venture Investment Summit presented by EnerCom and Colorado School of Mines
Publisher’s Note: Aureus Energy Services presented at the 2022 The Energy Venture Investment Summit presented by EnerCom and Colorado School of Mines on Thursday, February 17, 2022 on the Colorado School of Mines campus in Golden, …
GOP’s Marco Rubio says the U.S. should target Russian oil while boosting its own energy production
The U.S. and its allies need to prevent Russia from exporting oil and natural gas as an economic deterrent for its unprovoked invasion of Ukraine, Sen. Marco Rubio told CNBC on Tuesday.
On “Squawk Box,” the Florida Republican, a …
Texas, 14 other states sue EPA over ‘war against Texas oil and gas’
Texas Attorney General Ken Paxton is leading a 14-state coalition challenging the Biden Administration’s Environmental Protection Agency (EPA) regulations on vehicle emissions. Paxton says President Joe Biden’s ‘bureaucratic decrees’ micromanage cars’ and trucks’ greenhouse gas emissions, which exceeds …
U.S. oil price surges 11% to $106 a barrel, a 7-year high prompted by Russia’s assault on Ukraine
Oil prices surged Tuesday, with U.S. crude hitting its highest level since June 2014 as Russia bears down on Ukraine’s capital.
Prices first topped the $100 mark last Thursday when Russia invaded Ukraine, prompting fears of supply disruptions from …
