The collective profits of Exxon, Chevron, Shell, BP, and TotalEnergies for the last quarter would come in at $50.7 billion. Big oil firms are expected to earn less than in the blockbuster quarter that was […]
Venezuela has given the go ahead to all PDVSA partners to leave their JVs. Foreign oil firms may sell their shares to PDVSA, but must forgive any past debts and unpaid dividends. Reuters: In all, […]
Authored by Irina Slav via OilPrice.com, “The world is in the middle of the first truly global energy crisis,” the executive director of the International Energy Agency, Fatih Birol, said today in Singapore. IEA projections […]
Oil prices are rallying this morning as the dollar continued to weaken (to 3-week lows), shrugging off any worries about the surprise crude build API reported last night. “Crude oil remains rangebound,” said Ole Hansen, […]
Oil prices rebounded today from earlier losses as fears over tight supplies once again became top of mind for many as ‘peak hawkishness’ overtook ‘China demand fears’. Oil was also helped by a weaker dollar… […]
The Biden Administration has tried to keep oil prices in check by releasing crude from the SPR this year. The main concern among those watching SPR levels has been its replenishment. This week, the Biden […]
While U.S. natural gas futures gained more than 4% on Monday, natural gas in the Waha part of the Permian Basin was falling and trading close to zero, traders told Bloomberg on Monday. Flourishing natural […]
EU ban on Russian crude leads to uncertainty in oil tanker markets. Some analysts say there will be a tanker shortage that will push oil tanker rates up. A large number of vessels have changed […]
HOUSTON — Schlumberger today announced its new name—SLB—underscoring the company’s vision for a decarbonized energy future and affirming its transformation from the world’s largest oilfield services company to a global technology company focused on driving energy […]
A 60-day comment period is slated to commence Oct. 24 on the Interior Department’s plan to hold the next federal Gulf of Mexico offshore oil and natural gas lease sale in March, according to an […]
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