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TotalEnergies
Crude Oil News

TotalEnergies: Oil Demand Will Peak After 2030

November 4, 2024 Mariel Alumit

French oil and gas giant TotalEnergies (NYSE:TTE) has predicted that global oil demand will peak after 2030 in its most likely scenarios, driven by population growth, slow power grid investments, and lagging electric vehicle sales. “There are around 4.5 […]

Carbon Capture

Trudeau to Order Oil, Gas Producers to Cut Emissions by 35%

November 4, 2024 Clark Savage

Industry limit to be implemented through cap-and-trade system Canada to start collecting data in 2026, enforcement in 2030 Prime Minister Justin Trudeau’s government will require Canada’s oil and gas industry to cut emissions by 35% from 2019 […]

ExxonMobil's Low-Carbon Retreat Dovetails Neatly with Trump's Energy Policy Revolution
Big Oil Companies

ExxonMobil reports 4.4% decline in Q3 2024 earnings

November 4, 2024 Mariel Alumit

Exxon Mobil has reported earnings of $8.61bn in the third quarter (Q3) of 2024, a decline of 4.4% from the $9.01bn reported in the same period of 2023. Total revenues and other income for the quarter […]

Crude Oil News

Storm Rafael May Menace Oil, Gas Production in Gulf of Mexico: Weather Watch

November 4, 2024 Clark Savage

A patch of thunderstorms south of Jamaica is forecast to grow into Tropical Storm Rafael on Monday before strengthening into a hurricane late Tuesday as it moves northwest through the Caribbean toward the Gulf of […]

Big Oil Companies

Big Oil Chiefs See Middle East Conflict and China as Top Concerns

November 4, 2024 Clark Savage

Comments highlight forecasters’ debate over oil demand growth US is seen focused on growth regardless of election outcome Escalating tensions in the Middle East and US relations with China pose the greatest concerns for Big […]

Crude Oil News

OPEC+ agrees to delay December output hike for one month, sources say

November 3, 2024 Clark Savage

LONDON/DUBAI/MOSCOW, Nov 3 (Reuters) – OPEC+ has agreed to delay a planned December oil output increase by one month, three sources from the producer group told Reuters on Sunday, as weak demand notably from China […]

Crude Oil News

Exxon, Chevron report rising Permian production despite analyst estimates

November 3, 2024 Clark Savage

(Bloomberg) — Exxon Mobil Corp. and Chevron Corp. beat analysts’ profit, output and sales estimates as rising oil production from the Permian Basin helped offset weaker crude prices. Exxon’s third-quarter adjusted earnings exceeded expectations by a nickel on Friday, while Chevron […]

Crude Oil News

Joe Biden and Kamala’s Iran Oil Sanctions Failure

November 2, 2024 Stu Turley

ENB Pub Note: This is an excellent article from Ariel Cohen on the National Interest website. Joe Biden and Kamala Harris’s foreign policies are horrific. They are either incompetdent, corrupt or both. The global failure […]

Baker Hughes
Crude Oil News

U.S. Drilling Activity Going Nowhere Baker Hughes Data Shows

November 1, 2024 Mariel Alumit

The total number of active drilling rigs for oil and gas in the United States saw no change this week, according to new data that Baker Hughes published on Friday, after holding steady in the week […]

Oil Markets
Crude Oil News

Oil Markets on Edge After a Volatile Week

November 1, 2024 Mariel Alumit

Oil markets are on edge at the end of what has been a very volatile week for both Brent and WTI. Recent reports of an Iranian retaliation to Israel’s latest strike have pushed oil prices […]

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