The risk/reward balance here gets very interesting. Coterra Energy, the $20 billion publicly traded exploration & production (E&P) operator, announced two separate acquisition agreements in the Permian totaling $3.95 billion. The deal “consist[s] of $2.95 […]
Canada is the biggest foreign supplier of crude oil to U.S. refiners. Canada’s energy exports to the United States were worth close to $160 billion—most of that in the form of crude oil, refined products, […]
China’s weak oil demand has already thrown OPEC+ off track in its supply-management policies. Trump’s energy policies could create a new challenge for OPEC in 2025. Amidst further uncertainties about global oil supply and demand […]
Exxon Mobil Corp. will offload some of its conventional oil assets in the Permian Basin, selling to Hilcorp Energy for approximately $1 billion, according to industry insiders who spoke to Reuters on Tuesday. This move […]
A cargo of Russian oil appears to have been switched between ocean-going tankers near a Spanish exclave in north Africa, restoring a clandestine practice that Madrid thought it had ended last summer. On Saturday, the […]
Speculation over Iran blocking the Strait of Hormuz, a critical oil chokepoint, has resurfaced amid Middle East tensions. The U.S. and European naval presence in the Persian Gulf could quickly counter any blockade attempt, which […]
Despite Trump’s victory, U.S. oil production growth is expected to remain moderate due to changes in the shale industry. U.S. E&Ps continue to prioritize capital discipline and shareholder returns over rapid production increases. Incoming tariffs […]
A senior official at COP29 climate change conference in Azerbaijan appears to have used his role to arrange a meeting to discuss potential fossil fuel deals, the BBC can report. A secret recording shows the […]
Daily Standup Top Stories Trump return will slow, not stop, US clean energy boom November 6, 2024 Clark Savage Nov 6 (Reuters) – Donald Trump’s return to the White House will refocus the nation’s energy policy onto maximizing oil […]
U.S. oil producers are looking forward to less regulations on crude production under a Donald Trump presidency, meaning higher oil supply and consequently lower prices. But it’s not that straightforward: Trump who was announced Wednesday […]
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