Post Tagged with: "oa360"

Source: CNBC

Oil tops $120 a barrel on Saudi pricing despite OPEC+ deal


Oil prices topped $120 a barrel in choppy trade on Monday buoyed by Saudi Arabia raising its July crude prices but amid doubts that a higher output target for OPEC+ oil producers would ease tight supply.

Brent crude touched …

Source: World Oil

Commodities trading houses help keep Russian oil flowing

US News

LAUSANNE, Switzerland – Commodities traders such as Trafigura and Vitol have helped keep Russia’s oil flowing through its Baltic and Black Sea ports in March, when some Western firms started to snub the market, according to ship tracking,

Source: Reuters

Exxon, Halliburton in talks for Iraq’s West Qurna-1 oilfield, says energy minister

World Oil

(Bloomberg) –Halliburton Co. and Exxon Mobil Corp. are in talks over the latter’s attempt to sell a stake in the huge West Qurna-1 oil field in southern Iraq, according to the country’s energy minister.

Iraq wants a U.S. …

Source: Bloomberg

Pennsylvania nears approval of new methane rules for oil and gas wells

World Oil

(Bloomberg) –Pennsylvania is in the final stages of approving a new rule that would crack down on methane emissions from older oil and gas infrastructure, while exempting a vast number of low-producing wells.

The rule would be a …

Source: Reuters

How the next decision from OPEC+ could impact oil prices, according to KPMG energy expert


Oil prices have made a huge comeback in just over a year.

U.S. oil prices turned negative in April 2020, a never-before-seen move. But, this month, West Texas Intermediate crude hit levels not seen in more than two …

Source: Reuters

U.S. shale industry tempers output even as oil price jumps


Even with oil prices surging toward $75 a barrel, U.S. shale producers are keeping their pledges to hold the line on spending and keep output flat, a departure from previous boom cycles.

This year’s run up in crude prices, …

Source: Reuters

Italy plans ‘special areas’ for renewables to help cut red tape


Italy has drawn up a series of measures to speed up the time it takes to authorise new renewable energy projects, including the creation of special areas to build them in, a draft law showed.

Italy’s complex approval process …

May 24, 2021 - 1:30 pm Uncategorized
Canacol Energy Ltd. provides operations update

Canacol Energy Ltd. provides operations update

CALGARY, Alberta, May 19, 2021 (GLOBE NEWSWIRE) — Canacol Energy Ltd. (“Canacol” or the “C…

Source: Reuters

Final U.S. offshore oil auction under Trump will test industry demand


The Trump administration on Wednesday will offer all available areas in the Gulf of Mexico for auction to oil and gas companies in its final offshore sale before the January inauguration of President-elect Joe Biden, a Democrat who has …

November 18, 2020 - 10:30 am Closing Bell Story‎, Crude Oil News, Energy News, Offshore
Source: Reuters

Green is the new black in boom for clean energy funds


LONDON – Investors are pouring money into green funds, banking on a Joe Biden presidency in the United States for a further boost to the renewable and alternative energy industry at the expense of traditional oil and gas businesses.…

Source Houston Chronicle

Oil falls to three-month low as virus spread raises demand fear

Houston Chronicle

(Bloomberg) — Oil tumbled to the lowest in more than three months on fears China’s deadly coronavirus will hit demand in a market that already has plentiful supply.

Futures plunged more than 3% as China reported an increase …

January 27, 2020 - 10:30 am China, Closing Bell Story‎, Commodity Pricing, Crude Oil News