2021 Archives - Oil & Gas 360

U.S. oil and gas independents returned $18.1 billion to shareholders in 2021

August 18, 2022

World Oil U.S. oil and gas producers recovered and reset in 2021, posting increased profits of $73.7 billion and $211.9 billion in revenues, with significant deal activity that drove $144.1 billion in capital expenditures (capex), according to the EY U.S. oil and gas reserves, production and ESG benchmarking study. The study documents how the industry’s 50 largest publicly traded exploration

EXCLUSIVE Biden administration likely to retroactively raise ethanol blending volumes for 2021, sources say

June 2, 2022

US News The Biden administration is likely to raise ethanol blending mandates for 2021 above the figure it proposed in December to align with actual U.S. consumption levels, according to two sources briefed on the decision. In December, the U.S. Environmental Protection Agency proposed that refiners blend 13.32 billion gallons of ethanol into the fuel pool, a move that angered

Analysis: Fast and furious first half of 2021 keeps financial markets at full throttle

June 30, 2021

Reuters LONDON – After the unprecedented pandemic-driven swings in global financial markets last year 2021 was never going to be dull, and so it has proved. Vaccine programmes and some of the biggest fiscal and central bank stimulus ever seen have made for compelling viewing. Oil’s 45% surge will be its best start to a year since 2009, world stocks

OPEC “cautiously optimistic” oil market will recover in 2021

January 19, 2021

Reuters LONDON – OPEC’s secretary general said on Tuesday he was cautiously optimistic the oil market would recover this year from the slump in demand brought about by the coronavirus pandemic. Monthly meetings of the Organization of the Petroleum Exporting Countries (OPEC) and its allies led by Russia – a grouping known as OPEC+ – are there to stop an

Major oil executives ‘optimistic’ amid anxiety over coronavirus ‘second wave’

June 17, 2020

CNBC Sixteen of the world’s leading energy executives met virtually at an unprecedented meeting Tuesday night to talk about how big oil will navigate its biggest crisis in recent history while confronting the coronavirus pandemic. “Each one of us has had to guide our respective organizations through these difficult times,” said UAE Minister of State Dr. Sultan Ahmed Al Jaber, who

Barclays raises oil price outlook as falling output offsets demand hit

May 15, 2020

Reuters Barclays Commodities Research on Friday raised its oil price forecasts for this year and 2021, buoyed by supply cuts to balance the demand erosion caused by conrovirus-led restrictions. In recent days, several OPEC nations including Saudi Arabia said they will cut output more than originally pledged. Producers in the United States and Canada have cut production by 1.7 million

2021