Midstream operators in the Permian Basin are racing to add natural gas processing capacity to accommodate booming production in the Texas shale patch, with Targa Resources the latest company to announce plans for a new […]
Crude oil futures continued to consolidate higher in mid-afternoon Asian trade Aug. 4 after a multiday selloff amid seasonal demand growth in the transport and aviation sectors, shrugging off the Bank of England’s interest rate […]
Enterprise Products Partners LP said Wednesday it would ramp up its infrastructure in the prolific Permian Basin to increase capacity and meet expectations of long-term demand for natural gas and other fossil fuels. The Houston-based […]
Crude prices fell more than 3% on Wednesday afternoon. Biden’s special advisor Hochstein said that crude prices need to go even lower. Hochstein notes this is the 50th day that gasoline prices have gone down […]
(Bloomberg) — OPEC+ responded to months of diplomatic efforts from US President Joe Biden with one of the smallest oil production increases in its history. The cartel will add only 100,000 barrels a day of […]
Venezuela’s crude oil exports fell in July, Refinitiv Eikon data showed on Tuesday, as oil markets are on the prowl for additional oil supplies to ease the tight market. Venezuela’s crude oil industry has been […]
OPEC and its allies will implement a modest 100,000 b/d rise in crude production quotas for September, in a slight nod to US President Joe Biden and other leaders that had pressed the group for […]
Crude oil futures extended losses in midmorning Asian trade Aug. 2 after heavy losses in the overnight session, as fresh data continued to show weakening economic activity in the world’s largest economies while US producers […]
Italian oil and gas company Eni has secured a $6.1 billion financing through its Sustainability-linked Financing Framework targets, updated in May 2022. The five-year sustainability revolving credit line is linked to two of the targets. […]
Italian oil major Eni has made another significant gas discovery of 1-1.5 trillion cubic feet (tcf) of raw gas in place, in a deeper zone, in its first exploration well drilled in Offshore Block 2 […]
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