Post Tagged with: "OAG 360"

Source: Reuters

Oil sinks after weak factory data sparks demand concerns

Yahoo Finance


NEW YORK – Oil prices dropped sharply on Monday as weak manufacturing data in several countries weighed on the demand outlook while investors braced for this week’s meeting of OPEC and its producer allies on supply.

Brent crude …

Source: Reuters

Analysis: Oil majors face output slump, deep losses if Russia stops Kazakh pipeline

Yahoo Finance


LONDON -Western energy majors will cut output and lose billions of dollars if Russia, as is feared, suspends a pipeline that is almost the only export route for oil from land-locked Kazakhstan, company sources, traders and analysts say.…

Source: Reuters

Oil rises on EU’s Russian oil ban effort, demand hopes

Reuters


LONDON: Oil hit its highest in seven weeks on Tuesday, supported by the European Union’s ongoing push for a ban on Russian oil imports that would tighten supply and as investors focused on higher demand from an easing of …

Source: Finance Yahoo

TotalEnergies to stop buying Russian oil, funding arctic LNG

Yahoo Finance


(Bloomberg) — TotalEnergies SE said it will stop buying Russian crude and diesel by the end of the year, becoming the latest energy giant to shun the country’s oil in protest against the invasion of Ukraine.

The announcement …

Source: World Oil

API letter calls on Biden administration to support American energy leadership

World Oil


Source: Reuters

Shale giants swear they won’t drill more, even at $200 a barrel

World Oil


(Bloomberg) — The Texas wildcatters that ushered in America’s shale revolution are resisting the temptation to pump more oil as the market rallies, signaling higher gasoline prices for consumers already battered by the worst inflation in a generation.…

Source: CNBC

Oil heads for weekly fall on Iranian oil hopes

CNBC


Oil prices extended losses on Friday and were heading for a weekly fall as the prospect of increased Iranian oil exports eclipsed fears of potential supply disruption resulting from the Russia-Ukraine crisis.

Brent crude futures fell $1.92, or 2%, …

Source: Reuters

EU considering more transparent carbon market reporting – draft

Yahoo Finance


BRUSSELS – The European Union is considering making more information available on trading in its carbon market, according to a draft document, amid calls from some governments to limit financial speculators’ participation in the scheme.

Tougher EU climate …

Source: CNBC

Oil major TotalEnergies swings to profit thanks to surging commodity prices

CNBC


French oil major TotalEnergies on Thursday reported a sharp upswing in full-year profit, boosted by a huge rebound in commodity prices.

The oil and gas giant said full-year 2021 adjusted net income came in at $18.1 billion, while net

Cureton Midstream acquires Gilcrest System from Aka Energy Group

Cureton Midstream acquires Gilcrest System from Aka Energy Group

Oil and Gas 360


Publisher’s Note: EnerCom recently launched the new website for Cureton Midstream.

DENVERFeb. 2, 2022 /PRNewswire/ — Cureton Midstream, LLC, a growth oriented, Denver-based midstream company focused on developing and operating gas gathering and …

Source: Reuters

Equinor plans $8.8 bln development of world’s northernmost oilfield

Reuters


OSLO, Nov 10 – Norway’s Equinor (EQNR.OL) said on Wednesday it plans to invest up to 75 billion Norwegian crowns ($8.80 billion) to develop the Wisting petroleum discovery, set to become the world’s northernmost oilfield.

Located in the Arctic …

November 10, 2021 - 9:30 am Closing Bell Story‎, Crude Oil News, Energy News, International
Source: Reuters

U.S. regulator expects to find abuses in shipping amid supply chain woes

Reuters


WASHINGTON – The head of a U.S. commission that oversees ocean transportation said in an interview on Tuesday he suspects some ocean carriers have improperly charged importers, one of many factors driving supply chain woes.

A broad range of …

November 3, 2021 - 1:30 pm Closing Bell Story‎, Marine Shipping, Regulatory
Source: Reuters

Oil prices tumble as U.S. intensifies pressure on OPEC for more crude

World Oil


(Bloomberg) –Oil fell as the U.S. intensified pressure on OPEC+ to boost supplies when it meets on Thursday, while concerns grew that tighter policy from the Federal Reserve will impede growth.

West Texas Intermediate futures sank 2.4% after …

Pierce Transit to partner with United Energy Trading and PureWest Energy to fuel buses with carbon neutral, responsibly sourced gas

Pierce Transit to partner with United Energy Trading and PureWest Energy to fuel buses with carbon neutral, responsibly sourced gas

Oil and Gas 360


PureWest Energy, LLC (“PureWest”), a leading Environmental, Social and Governance (ESG)-focused independent natural gas producer with operations in the Rocky Mountain region, today announced an agreement with United Energy Trading, LLC and Pierce Transit

Source: Reuters

Eni pledges higher returns as business looks up

Reuters


MILAN – Italian energy group Eni pledged higher shareholder returns after swinging to a net profit in the second quarter to beat expectations as firmer oil prices offset lower production.

Adjusted net profit was 929 million euros ($1.1 billion), …

Source: Reuters

OPEC+ yet to make progress in resolving impasse, sources say

Reuters


MOSCOW/LONDON – OPEC+ is yet to make progress closing divisions between Saudi Arabia and the United Arab Emirates that last week prevented a deal to raise oil output, making another policy meeting this week less likely, OPEC+ sources said.…

July 12, 2021 - 11:00 am Closing Bell Story‎, Crude Oil News, Energy News, OPEC
Source: Reuters

U.S. oil mergers surge as energy, share prices recover from pandemic

Reuters


HOUSTON – U.S. oil and gas mergers surged last quarter with the most $1 billion plus combinations since 2014, according to data released on Monday, as rising energy and share prices led to larger oilpatch deals.

Producer are consolidating …

Source: Reuters

Fresh from Icahn settlement, FirstEnergy weighs divestitures – sources

Reuters


FirstEnergy Corp, the U.S. utility that gave activist investor Carl Icahn seats on its board this year, is exploring divestitures as an alternative to raising cash by selling stock, according to four people familiar with the matter.

Akron, Ohio-based

Source: CNBC

The GDP report next week will likely show record-breaking economic growth, but it may not help Trump

CNBC


The economy regained nearly 4 million jobs during the quarter, and that was after 7.5 million in May and June. Housing sales and builder confidence has been remarkable, and shoppers easily outpaced expectations in September with retail sales rising

October 21, 2020 - 3:00 pm Closing Bell Story‎, Economy, Finance
Source: Reuters

Standard Bank lending to fossil fuel industries stands at $4 billion

Reuters


JOHANNESBURG  – Standard Bank SBKJ.J, Africa’s largest lender by assets, has 67.4 billion rand ($4 billion) in loans and commitments to the coal, oil and gas sectors on its books, according to a climate exposure report it published …

October 15, 2020 - 12:30 pm Closing Bell Story‎, Energy News, Finance
Source: Reuters

IEA nudges up 2020 gas demand forecast, but still sees record fall

Reuters


OSLO – The International Energy Agency (IEA) has nudged up its global gas demand forecast for this year, but still sees the biggest fall on record due to the impact of the COVID-19 pandemic.

The Paris-based agency said on …

Source: CNBC

A tale of two recessions: Some Americans thrive as others suffer

CNBC


The recession caused by the coronavirus pandemic is playing out across stark — and widening — fault lines in America.

Lower earners, those with less schooling, women and minority groups have borne the brunt of the economic pain driven …

June 19, 2020 - 1:30 pm Closing Bell Story‎, Economy, Finance
Source: CNBC

OPEC+ mostly met its cutting targets in May, but future compliance — and its enforcement — looks uncertain

CNBC


The 23 member states of OPEC+, comprised of OPEC and ten of its oil-producing allies, for the most part delivered on record production cuts agreed to by the alliance through the month of May, a new report shows.

“OPEC’s …

Trump ready to end Chevron’s sanctions waiver in Venezuela

Trump ready to end Chevron’s sanctions waiver in Venezuela

Houston Chronicle


The Trump administration is ready to unleash the full impact of sanctions on Chevron Corp.’s operations in Venezuela as the U.S. seeks to further squeeze the Maduro regime.

While no decision has been made, it’s increasingly unlikely that …

February 28, 2020 - 11:30 am Closing Bell Story‎, Crude Oil News, Energy News, People
Source: CNBC

Chevron posts $6.6 billion loss in the fourth quarter

CNBC


Chevron on Friday posted a $6.6 billion loss in the fourth quarter due to $10.4 billion worth of write-offs related to shale gas production in Appalachia and deep-water projects in the Gulf of Mexico. In December, the company warned

Source: murphyoilcorp.com

Murphy Oil Corporation announces fourth quarter and full year 2019 results, 2020 guidance

Oil and Gas 360


EL DORADO, Ark.

Achieved 172% Organic Reserve Replacement

Signed Memorandum of Understanding for King’s Quay Floating Production System

Murphy Oil Corporation (NYSE: MUR) today announced its financial and operating results for the fourth quarter ended December

Source: valero.com

Valero refineries to run up to 91% of combined capacity in first quarter 2020: company

Reuters


HOUSTON – Independent U.S. refiner Valero Energy Corp plans for its 15 refineries to operate up to 91% of their combined capacity of 3.13 million barrels per day (bpd), said Homer Bhullar, vice president of investor relations, in a …

Source: Houston Chronicle

Some LNG-powered ships are leaking powerful greenhouse gas

Houston Chronicle


One of the shipping industry’s great hopes for improving its environmental performance — engines powered by liquefied natural gas — won’t offer the benefits that many vessel owners are hoping for.

That’s the conclusion of a nonprofit that …

January 28, 2020 - 12:30 pm Closing Bell Story‎, Energy News, Marine Shipping
Source: Reuters

Venezuela’s PDVSA, in default, says total debt remained unchanged in 2019

Reuters


CARACAS – Venezuela’s state-run oil company PDVSA said its financial debt fell less than 0.1% in 2019 from the prior year to some $34.5 billion, though it remained in default on its bonds as sanctions freeze it out of …

Source: Reuters

Exclusive: Guyana opening search for oil firm to trade its crude – official

Reuters


GEORGETOWN – Guyana’s government next month plans to begin a search for an oil company or trading firm to market its share of the South American country’s crude, the director of the Department of Energy, Mark Bynoe, said in …