NEW YORK, June 3 (Reuters) – Oil prices tumbled by $3 a barrel on Monday to their lowest in nearly four months, as investors worried that a complicated OPEC+ output decision could lead to higher […]
North America added eight rigs week on week, according to Baker Hughes’ latest rig count, which was released on May 31. While the U.S. rig count stayed flat, Canada added eight rigs week on week, […]
The key driver of the industry now is returning more to shareholders and preparing for inventory stacked up for years of production ahead. Last week, the U.S. oil industry saw its latest announcement of a […]
Following a clampdown in Greece, ship-to-ship transfers of Russian oil have moved further west in the Mediterranean, just off the eastern end of Morocco’s coast on the Mediterranean, according to vessel-tracking data compiled by Bloomberg. The […]
Daily Standup Top Stories Blackrock’s Larry Fink Jumps On “Next AI Trade”, Warning World Will Be “Short Power” June 1, 2024 Stu Turley At the start of April, we penned a lengthy report for premium subs discussing why artificial […]
EIA: U.S. crude output in March at highest level in 2024 U.S. inflation tracks sideways in April OPEC+ eyes deal to extend production cuts, sources say NEW YORK, May 31 (Reuters) – Oil prices fell […]
Companies publicizing their environmental actions will have to prove the truth of every word they say, measured against undefined ‘internationally recognized methodology’ Shut up, oil and gas companies. Don’t talk about the environmental and emissions […]
The new BOEM rule requires stricter financial assurance standards, impacting 76% of smaller oil and gas operators in the Gulf. Small companies may face significant costs for surety bonds, potentially leading to a $379-800 million […]
Daily Standup Top Stories Shell plans job cuts in offshore wind business as CEO refocuses on oil and gas May 29, 2024 Mariel Alumit (Bloomberg) – Shell Plc is preparing to cut staff from its offshore […]
Oil retreated as another weak sale of Treasuries raised concerns about rising yields, stoking a risk-off mood across financial markets. West Texas Intermediate settled below $80 as equities declined. The drop pared Tuesday’s 2.7% gains, […]
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