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HomeCrude Oil News

Crude Oil News

First crude oil offtake
Crude Oil News

First crude oil offtake from new FPSO represents ‘historic achievement in India’s energy sector’

March 4, 2024 Mariel Alumit

India’s government-owned energy giant Oil & Natural Gas Corporation (ONGC) has held a flag-off ceremony for the first crude oil offtake from a floating production, storage, and offloading (FPSO) vessel, which is working at what […]

Oil Supply
Crude Oil News

OPEC Plus Extends Oil Supply Curbs to June

March 4, 2024 Mariel Alumit

OPEC+ extended its oil supply cutbacks to the middle of the year in a bid to avert a global surplus and shore up prices. The curbs — which on paper total roughly 2 million barrels a day — will remain […]

Coal

Daily Energy Standup Episode #321 – TotalEnergies Resumes Denmark Gas Field, Solar Farms on the Market, and More

March 4, 2024 Andy Del Prado

Daily Standup Top Stories TotalEnergies upholds March restart date for Denmark’s largest natural gas field March 2, 2024 Stu Turley TotalEnergies EP Danmark, a subsidiary of France’s energy giant TotalEnergies, has confirmed the previously set restart […]

Kimmeridge Energy
Crude Oil News

Kimmeridge Energy seeks SilverBow board seats

March 3, 2024 Stu Turley

March 1 (Reuters) – Energy producer SilverBow Resources Inc (SBOW.N), opens new tab said on Friday that top shareholder Kimmeridge Energy Management has nominated three candidates to its board, following a failed attempt to take the company […]

Oil Price
Crude Oil News

BofA Reveals Where it Sees The Oil Price Heading

March 2, 2024 Stu Turley

In a BofA Global Research report sent to Rigzone this week, analysts revealed where they see the oil price heading in the near and mid-term. “Robust U.S. shale supply growth, warm winter weather, more renewables, […]

Carbon Capture

Daily Energy Standup Episode #320 – Weekly Recap: Challenges Mount: From Net-Zero Risks to Homebuilding Struggles

March 2, 2024 Andy Del Prado

Daily Standup Top Stories Net Zero’s days are numbered February 24, 2024 Stu Turley If a week is a long time in politics, then 2023 belongs to a different age in the politics of Net Zero. […]

oil
Crude Oil News

Anti-oil-and-gas bill ‘a looming disaster for Colorado’ | PODIUM

March 1, 2024 Mariel Alumit

On some level Colorado will always be an attractive place to do business. Our intangibles are nearly unbeatable — the weather, the incredible access to an outdoor lifestyle a healthy and thriving populace — but […]

Oil and Gas Production
Crude Oil News

Has Oil and Gas Production Been Affected by the Texas Wildfires?

March 1, 2024 Mariel Alumit

A Texas Railroad Commission (RRC) spokesperson has revealed to Rigzone that the organization has not seen an overall impact on production, despite wildfires in the state. “We understand production may fluctuate as companies take measures […]

Oil Markets
Crude Oil News

Oil Markets Await the Next OPEC+ Announcement

March 1, 2024 Mariel Alumit

Oil prices remained stubbornly rangebound in February as signs of a recovering U.S. economy were countered by weaker economic data in both Europe and China. Friday, March 1st 2024 Diverging macroeconomic news, with China and […]

WTI
Big Oil Companies

WTI Soars Past $80 per Barrel as Oil Market Tightens By Julianne Geiger – Mar 01, 2024, 10:00 AM CST

March 1, 2024 Mariel Alumit

The price of a WTI barrel soared to heights not seen since November as the market braces for an OPEC+ decision on oil production levels in April and beyond. WTI was trading at $80.04 per barrel at […]

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