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Home2023October

Month: October 2023

Oil
Zero Edge

The US Could Tighten The Oil Sanctions On Iran: RBC

October 26, 2023 Mariel Alumit

By Charles Kennedy of Oilprice.com The United States is likely to tighten the sanction enforcement on Iran’s crude oil exports over the Hamas-Israel war and the Iranian backing of Hamas, Helima Croft, the head of […]

LNG
Zero Edge

Europe’s LNG Imports Set To Surge By 30% In November

October 26, 2023 Mariel Alumit

By Michael Kern of OilPrice.com Amid expected higher demand at the start of the heating season, LNG imports into northwest Europe are expected to soar by 30% in November compared to October, Montel reported on […]

Ford
Zero Edge

UAW, Ford Reach Tentative Agreement To End Six-Week Auto Strike

October 26, 2023 Mariel Alumit

Update:  The United Automobile Workers and Ford Motor Company reached a tentative agreement on a new four-year labor contract on Wednesday night. This comes six weeks after UAW initiated strikes targeting Detroit’s Big Three automakers. […]

Geopolitical

Russia practises ‘massive’ retaliatory nuclear strike

October 26, 2023 Mariel Alumit

Russia’s military has conducted a “massive” retaliatory nuclear strike drill, hours after the upper house of parliament voted to revoke the country’s ratification of a global ban on nuclear testing. The exercise, which involved the […]

Crude Oil News

U.S. crude oil inventories increase by 1.4 million barrels

October 26, 2023 Mariel Alumit

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.4 million barrels from the previous week.  At 421.1 million barrels, U.S. crude oil inventories are about 5% below the five […]

Texas
Crude Oil News

Texas regulator assess over $2 million in penalties against oil, gas operators

October 26, 2023 Mariel Alumit

World Oil AUSTIN – The Railroad Commission of Texas assessed $2,425,495.50 in fines involving 597 enforcement dockets against operators and businesses at the Commissioners’ Conference on Tuesday. The Commission has primary oversight and enforcement of […]

Crude Oil News

Chevron’s Hess acquisition delivers “richly-valued” oil independent

October 26, 2023 Mariel Alumit

World Oil (Bloomberg) – Chevron Corp.’s acquisition of Hess Corp. does more than give it a stake in the world’s fastest-growing oil field off the coast of Guyana and shale assets in the Bakken basin of […]

Geopolitical

RBC: The U.S. could tighten the oil sanctions on Iran

October 26, 2023 Mariel Alumit

Oil Price The United States is likely to tighten the sanction enforcement on Iran’s crude oil exports over the Hamas-Israel war and the Iranian backing of Hamas, Helima Croft, the head of global commodity strategy […]

International News

Saudi Prince says Exxon, Chevron megadeals show oil is here to stay

October 26, 2023 Mariel Alumit

World Oil (Bloomberg) – Oil is here to stay as U.S. majors strike blockbuster deals while Saudi policies are helping stabilize global crude markets, the kingdom’s energy minister said at the annual investment forum in […]

NOG
Finance

NOG provides preliminary financial and operational updates for the third quarter of 2023

October 26, 2023 Mariel Alumit

Oil and Gas 360 MINNEAPOLIS–(BUSINESS WIRE)– Northern Oil and Gas, Inc. (NYSE: NOG) (the “Company” or “NOG”) today announced an update on Ground Game acquisitions and certain other financial and operational items for the third […]

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