Oil prices have been strengthening over the past few weeks. The trend is not of particularly noticeable proportions, with Brent still stuck in the low $80s and West Texas Intermediate hovering around $80 per barrel. […]
Ever since the International Energy Agency switched from a pure-play information provider to an advocate of the energy transition, its forecasts about oil demand have shifted to increasingly reflect this advocacy. This has led to […]
A major development led by Chevron Corp. to boost oil output at Kazakhstan’s Tengiz field will cost about $48.5 billion, according to people familiar with the matter. The US oil giant said at its third-quarter […]
NEW YORK, March 13 (Reuters) – Oil prices rose about 3% to a four-month high on Wednesday on a surprise withdrawal in U.S. crude inventories, a bigger-than-expected drop in U.S. gasoline stocks and potential supply […]
EuropeOffshore Equinor Norwegian energy giant Equinor has extended contracts for drilling services on the Norwegian Continental Shelf with KCA Deutag, Odfjell Technology, and Archer. The initial contracts with the trio were signed in 2018 with […]
Daily Standup Top Stories Exploding Energy Prices in California March 13, 2024 Mariel Alumit “California leaders know that rising prices are a huge problem. The state is now considering a plan to tie utility rates to personal income […]
(WO) – The Independent Petroleum Association of America (IPAA) issued the following statement in response to President Biden’s FY 2025 Budget that would repeal many long-standing oil and natural gas tax provisions. IPAA President & […]
The Energy Information Administration reported an estimated inventory draw of 1.5 million barrels for the week to March 8. Gasoline stocks also declined while middle distillates inched up. The figures compared with a crude oil inventory build of 1.4 […]
The ongoing job cuts at Shell are extending to the team handling mergers and acquisitions for the supermajor as the oil and gas giant is looking to eliminate around 20% of several hundred positions in […]
The eagerly anticipated African Energy Bank will launch by June 30 after selecting a host nation this month and hopes to raise an initial $5 billion from African signatories, international financiers and Middle Eastern states, […]
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