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HomeCrude Oil News

Crude Oil News

ConocoPhillips
Crude Oil News

ConocoPhillips to buy Marathon Oil in $17 billion all-stock deal that bolsters shale assets

May 29, 2024 Stu Turley

The acquisition of Marathon Oil will extend ConocoPhillips’ reach across shale fields in Texas, New Mexico and North Dakota, adding 2 billion barrels of resources to its portfolio. ConocoPhillips expects share buybacks worth $7 billion […]

AI

Vietnam Shifting Back To Coal

May 29, 2024 Andy Del Prado

Daily Standup Top Stories Vietnam’s shift back to coal is under EU scrutiny May 28, 2024 Mariel Alumit A heat wave in Vietnam in May and June of last year led to major power shortages across the north of […]

OPEC+
Crude Oil News

Oil up on OPEC+ meeting, summer driving season and weaker US dollar

May 28, 2024 Mariel Alumit

NEW YORK, May 28 (Reuters) – Oil prices gained more than $1 a barrel on Tuesday on the expectation that OPEC+ will maintain crude supply curbs at its June 2 meeting, while the start of […]

Norwegian oil and gas companies
Crude Oil News

Norwegian oil and gas companies to spend $24 billion in 2024

May 28, 2024 Mariel Alumit

(Bloomberg) – Oil and gas companies operating on the Norwegian Continental Shelf will spend 247 billion kroner ($24 billion) this year, reflecting growth in investments for exploration and on existing fields. Spending on oil and […]

Brazil
Crude Oil News

Brazil’s Economic Future Hinges On Fossil Fuels

May 28, 2024 Mariel Alumit

Brazil’s prosperity hinges on its capacity to harness the foundational element of any economy: energy. However, for millions of Brazilians, the path to economic advancement is complicated by the hypocritical “green” agendas of leaders in […]

“Big Oil” companies
Big Oil Companies

“Big Oil” companies face mounting legal challenges from climate-obsessed groups

May 28, 2024 Mariel Alumit

Suing the ONLY supply chain source for the products and fuels DEMANDED by humanity is financial stupidity! Never bite the hand that feeds you without a replacement to support the products demanded by our materialistic society. […]

Colorado
Crude Oil News

How much methane is Colorado’s oil and gas industry discharging? Regulators will soon start measuring.

May 28, 2024 Mariel Alumit

Colorado air regulators are set to begin patrolling the state’s oil fields and the skies over them to tally how much methane the industry’s wells, tanks and pipelines are spewing into the air. The measurements […]

Oil Prices
Crude Oil News

Oil Prices Remain Rangebound Despite Rising Gasoline Demand

May 28, 2024 Mariel Alumit

Oil prices have been rangebound for the last four weeks with demand concerns being canceled out by expectations of an OPEC+ production cut extension. – The latest forecast from the US National Oceanic and Atmospheric […]

Oil Prices
Crude Oil News

Oil Prices Jump as Europe Hints at June Rate Cuts

May 27, 2024 Stu Turley

Oil prices increased over 1% on Monday due to speculation about rate cuts. The European Central Bank’s potential rate cut in June contributed to the optimism in the markets. Inflation in the euro zone has […]

Poland
Crude Oil News

Russia and Poland resolve oil transit issue – Reuters

May 26, 2024 Stu Turley

The Polish operator of the Druzhba pipeline had reportedly faced equipment certification problems due to the EU’s sanctions against Moscow The Russian and Polish operators of the Druzhba (Friendship) pipeline have resolved an issue which […]

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