Africa’s largest crude producer will tap the services of the military to protect its oil and gas infrastructure in a bid to curb daily losses from theft and vandalism. Nigeria is losing about 200,000 barrels […]
Pioneer Natural Resources CEO Scott Sheffield speaks with Bloomberg’s Alix Steel and Guy Johnson about the progress of his company during Q1 and the energy crisis in Texas that’s left customers with inflated prices on […]
OPEC+ oil producers will discuss a modest easing of oil supply curbs from April given a recovery in prices, OPEC+ sources said, although some suggest holding steady for now given the risk of new setbacks […]
Singapore — 0314 GMT: Crude oil futures ticked higher during midmorning trade in Asia Feb. 25 as the market overlooked bearish data from the US Energy Information Administration to focus on optimism over declining COVID-19 infection […]
Last week, ice storms disrupted natural gas supplies to Mexico and so revived an existential question over how energy independent the country can and should be. But because Mexico’s independence is so often defined by […]
While oil’s dizzying collapse is still fresh for many traders, rumblings are starting to emerge that by the end of next year prices could once again top $100 a barrel. Azerbaijan’s Socar Trading SA predicts […]
Singapore — China is poised to receive about 21 million barrels of the new Iraqi crude grade Basrah Medium by mid March, with most of these shipments expected to be processed by the country’s integrated refining […]
Energy News Beat Publishers Note: The decision to put in a processing plant and ship by rail is a financial decision. The U.S. will be importing more oil from other countries at very high prices, […]
There could be more bad news for fuel consumers who may not get any respite from flaring fuel prices in the near future. Three Wall Street banks – Goldman Sachs, Morgan Stanley and Bank of America – have forecast oil […]
The Permian Basin will be the go-to target for Devon Energy Corp. this year, with 80% of this year’s capital budget and nearly all of the rigs directed to the massive formation. The Oklahoma City-based […]
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