Post Tagged with: "og360"

ExxonMobil statement regarding President Biden Letter to Oil Industry

ExxonMobil statement regarding President Biden Letter to Oil Industry

Yahoo Finance


IRVING, Texas, June 15, 2022–(BUSINESS WIRE)–ExxonMobil today released the following statement in response to a letter from President Biden.

ExxonMobil statement regarding President Biden Letter to Oil Industry- oil and gas 360

 

We have been in regular contact with the administration to update the President and his …

Source: Reuters

Oil falls on China growth worries as EU weighs Russian crude ban

CNBC


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, …

Source: Reuters

Column: Global crude oil bulls are running past China, India bears

Reuters


LAUNCESTON – Asia may be a late arrival to the impending crude oil party.

The oil market is largely convinced that a strong recovery in demand is imminent, based on the view that the world is recovering from the …

Source: Reuters

Venezuela readies fuel distribution as fourth Iranian tanker enters Caribbean

Reuters


MARACAY, Venezuela/DUBAI – Venezuela has begun preparations to distribute fuel imported from Iran among desperate citizens as the fourth cargo of a five-tanker flotilla was crossing the Caribbean on Wednesday, according to Refinitiv Eikon and a government official.

Iran …

Source: CNBC

Oil prices could go negative again for reasons beyond just storage

CNBC


It’s not all about storage.

Yes, the world is watching the available amount of oil storage to try to figure out when the ‘tank tops’ and there’s simply no more space to fill with unneeded crude. There are, however, …