US crude stocks, fuel inventories decline as demand picks up, EIA says
U.S. crude stocks, gasoline and distillate inventories all fell by more than expected in the week ending August 16 as demand and exports rose, the Energy Information Administration (EIA)said on...
View ArticleBalder X project update
Sandnes, Norway, 21 August 2024: Vår Energi ASA (OSE: VAR) today provides a schedule update for the Balder X development project. The target production start has been moved to the second quarter 2025....
View ArticleIthaca Energy plc today announced its financial results for the six months...
First Half Results for the Six Months to 30 June 2024 Continued execution of 2024 strategic objectives driving robust cash generation Transformational Business Combination supports long-term growth...
View ArticleOil prices steady as US crude draw limits downside
Oil prices steadied on Thursday after four days of declines on investor concern over the global demand outlook, though a drop in U.S. fuel inventories provided a floor. Brent crude futures LCOc1 gained...
View ArticleHungary oil giant MOL to bear responsibility in oil-transport scheme, talks...
Hungaryian oil and gas company MOL is negotiating a new scheme in which they will bear the responsibility for Russian crude oil flowing through Ukraine, the prime minister’s chief of staff said on...
View ArticlePermian production forecast growth driven by well productivity, pipeline...
In our latest Short-Term Energy Outlook (STEO), we forecast that crude oil production in the United States will grow to an average of 13.7 million barrels per day (b/d) and marketed natural gas...
View ArticleThe Commodities Feed: OPEC+ likely to scrap plans to increase supply
Energy – Complex remains under pressure Oil closed lower for a fourth consecutive day. ICE Brent settled almost 1.5% lower yesterday, leaving it to close just above US$76/bbl – the weakest settlement...
View ArticleOil prices steady as US crude draw limits downside
Oil prices steadied on Thursday as a drop in U.S. fuel inventories provided a floor, after four days of declines on investor concern over the global demand outlook. Brent crude futures gained 29 cents,...
View ArticleNoble Corporation plc publishes current report on form 8-K regarding closing...
IMPORTANT INFORMATION This announcement is for information purposes only and does not constitute or contain any invitation, solicitation, recommendation, offer or advice to any person to subscribe for...
View ArticleEquinor ASA: Announcement of cash dividend per share in NOK for first quarter...
Equinor ASA (OSE: EQNR, NYSE: EQNR) announced on 25 April 2024 an ordinary cash dividend per share of USD 0.35 and an extraordinary cash dividend per share of USD 0.35 for first quarter 2024. The NOK...
View ArticleChevron Builds on CCS Portfolio With Greenhouse Gas Assessment Permit...
Chevron Corporation (NYSE: CVX), through its subsidiary Chevron Australia New Ventures Pty Ltd (Chevron), has been awarded a greenhouse gas (GHG) assessment permit offshore Western Australia. The...
View ArticleOil set to end week lower on demand concerns, easing supply woes
Oil prices firmed on Friday but were on track to end the week lower, as weaker U.S. employment data raised concerns over the health of the world’s largest oil consumer, and renewed ceasefire talks in...
View ArticleMiddle East Crude-Benchmarks hit month’s high; Petronas seeks supply
Middle East crude benchmarks Oman, Dubai and Murban closed the week at their highest premiums this month after Petronas sought to buy sour grades and as robust bids from Gunvor and Vitol led to the...
View ArticleEni closes $783 million oil divestment deal with Nigeria’s Oando
Eni has finally completed its Nigeria divestment deal with local oil firm Oando after months of regulatory hurdles, the companies announced Aug. 22, marking a turning point for the African country’s...
View ArticleOil climbs with U.S. Federal Reserve pivot
Oil prices rose more than 1% on Friday as U.S. Federal Reserve Bank Chair Jerome Powell signalled interest rate cuts would be among the central bank’s priorities in the coming months. Brent crude...
View ArticleRig Count Overview & Summary Count
Baker Hughes has issued the rotary rig counts as a service to the petroleum industry since 1944, when Baker Hughes Tool Company began weekly counts of U.S. and Canadian drilling activity. Baker Hughes...
View ArticleSinopec’s lower throughput target in H2 likely to cap China’s crude imports
China’s state-owned Sinopec aims to lower its crude throughput by 1.6% in the second half of 2024 to 5.03 million b/d (or 126 million metric tons) from the first half, according to the company’s...
View ArticleOil climbs on Mideast escalation fears, US rate cut expectations
Oil prices extended gains on Monday on fears a major spillover in fighting from the Gaza conflict into the Middle East could disrupt regional oil supplies, while approaching U.S. interest rate cuts...
View ArticlePetroChina posts record interim profit, but fuel sales decline
China’s largest oil and gas company PetroChina’s first-half net income hit a new high, up 3.9% compared with a year ago, the company said on Monday, as higher oil and gas prices outweighed the impact...
View ArticleSinopec’s H1 profit up on record output despite lower product demand
China’s Sinopec posted a 2.6% rise in net profit for the first half of the year as record oil and gas output compensated for falling domestic demand for refined fuel and petrochemicals. China Petroleum...
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