Quantcast
Channel: Oil & Companies News – Hellenic Shipping News Worldwide
Browsing all 1630 articles
Browse latest View live

Trump’s victory may pressure oil prices through 2025, Citi says

Citi forecasted that U.S. President-elect Donald Trump’s second term could exert downward pressure on oil through 2025, with Brent crude forecasted to average at $60 per barrel, primarily due to...

View Article


Vitol CEO sees $70-$80/bbl oil prices in 2025, flags supply uncertainty

Global oil prices are expected to stay in the $70 to $80 per barrel range in 2025, similar to 2024, while geopolitical risks create uncertainty around supply,Russell Hardy, CEO of Vitol, the world’s...

View Article


Oil steadies as investors digest US election fallout

Oil prices stabilized on Thursday, hovering around flat the day after an extremely volatile session, pressured by a strong dollar and lower crude imports in China but supported as some U.S. drillers...

View Article

China will continue to play key role in global oil demand, Vitol exec says

China will continue to have an important role in global oil demand despite the peaking of fuel consumption in its road transportation sector amid energy transition, Vitol’s global head of research,...

View Article

Equinor strengthens its position in the Norwegian Sea

Equinor has signed an agreement to acquire Sval Energi’s 11.8% share in the Halten East Unit. With this acquisition, Equinor increases its ownership to 69.5%. Halten East is an ongoing offshore...

View Article


China regasification capacity seen at 250 mln T by decade-end, BP exec says

China’s regasification capacity is expected to grow two-thirds to 250 million metric tons by the end of the decade, from 150 million now, a BP BP.L executive said. Asian demand growth for gas is...

View Article

Russia ready to continue gas supplies to Europe via Ukraine: Novak

Russia is ready to continue to supply gas to Europe via Ukraine, but continued deliveries now depend on an agreement being reached by European buyers and Kyiv, Russia’s Deputy Prime Minister Alexander...

View Article

Oil prices fall as Hurricane Rafael expected to start weakening

Oil prices fell slightly on Friday as the risk that a hurricane in the Gulf of Mexico will significantly affect U.S. oil and gas output declined, while the market weighs how President-elect Donald...

View Article


Middle East Crude-Oman and Dubai slide; Murban inches up

Middle East crude benchmark premiums for Oman and Dubai slid on Friday, while that for Murban inched up. Oil prices are poised for weekly gains on expected actions by the incoming Trump administration...

View Article


Argentina oil firm YPF sees output boost in 2025, focus on Vaca Muerta

Argentina’s state oil firm YPF (YPFDm.BA), opens new tab expects to increase shale oil production by 30% to 40% next year, the company’s CEO Horacio Marin said on Friday. Marin, on a call to discuss...

View Article

Argentina oil firm YPF sees output boost in 2025, focus on Vaca Muerta

Argentina’s state oil firm YPF YPFDm.BA expects to increase shale oil production by 30% to 40% next year, the company’s CEO Horacio Marin said on Friday. Marin, on a call to discuss financial results,...

View Article

Petrobras posts 22% increase in quarterly profit, announces $3 billion in...

Brazilian state-run oil firm Petrobras PETR4.SA on Thursday reportedan increase of around 22% in its third-quarter net profit, and announced $3 billion in dividends. The company posted a net profit of...

View Article

A second Trump administration

The US has a President-elect with power to wield. A likely Republican trifecta would strengthen President-elect Donald Trump’s new administration across domestic and global affairs. Along with the...

View Article


Over 23% of US Gulf of Mexico oil output shut in due to Hurricane Rafael

Over 23% of crude oil production and 10% of natural gas output in the U.S. Gulf of Mexico was shut in byHurricane Rafael, the U.S. Bureau of Safety and Environmental Enforcement said on Friday. Energy...

View Article

Biden administration completes ‘final’ Strategic Petroleum Reserve refill...

The administration of US President Joe Biden has completed what it called its “final” purchase of crude oil in its efforts to refill the Strategic Petroleum Reserve, the US Department of Energy...

View Article


US Cash Crude-Grades little changed as oil rig counts hold steady

Price differential for U.S. crude grades were little changed on Friday, dealers said, as oil rig count, an indicator of future production, held steady. WTI Midland WTC-WTM rose 5 cents, while Mars Sour...

View Article

Discount on Western Canada Select heavy crude tightens

The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) narrowed on Friday: WCS for December delivery in Hardisty, Alberta, settled at...

View Article


Med crude-Urals diffs stable, Azeri BTC exports set to inch up in Dec

Urals crude oil differentials to dated Brent were stable on Friday, while Azeri BTC oil loadings from Turkey’s Ceyhan port were set for a mild rise in December. Azeri BTC daily crude oil exports from...

View Article

US oil and gas rig count holds steady for record third week – Baker Hughes

U.S. energy firms this week kept the number of oil and natural gas rigs operating unchanged for a record third week in a row, according to energy services firm Baker Hughes’ data going back to 1987....

View Article

More Iran sanctions and ‘drill baby, drill’: Oil market’s future is still...

U.S. oil producers are looking forward to less regulations on crude production under a Donald Trump presidency, meaning higher oil supply and consequently lower prices. But it’s not that...

View Article
Browsing all 1630 articles
Browse latest View live