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  • [ August 11, 2022 ] IEA Oil Market Report – August 2022 – Raising oil demand Crude Oil News
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  • [ August 11, 2022 ] Exxon Eyes Global Trading Expansion E&P
  • [ August 11, 2022 ] Centrica signs $8.5B LNG deal with U.S. supplier Finance
  • [ August 11, 2022 ] IEA raises 2022 oil demand growth estimate by 380,000 b/d on power burn, gas-to-oil switching Crude Oil News
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Exxon
E&P

Exxon Eyes Global Trading Expansion

August 11, 2022 Mariel Alumit

Exxon Mobil Corp. is considering expanding its trading operations globally as historic oil-market volatility contributes to record profits for commodity shops. The oil major has stepped up efforts to increase derivatives trading after several departures […]

Shale drillers
E&P

Shale drillers continue consistent output as oil field costs rise

August 10, 2022 Mariel Alumit

(Bloomberg) — U.S. shale oil drillers continue to show little sign of responding to high global prices with more production, only now it’s not just their focus on rewarding shareholders that’s holding them back, but […]

Climate
E&P

Climate bill would force oil companies to pay more to drill on federal land

August 10, 2022 Mariel Alumit

(Bloomberg) — The climate-and-tax bill passed by the Senate would force oil companies to pay more for drilling on federal land and block them from stockpiling leases at rock-bottom prices, changes that conservationists and good-government […]

Baker Hughes
E&P

Baker Hughes sells Russian oil field services business to local management team

August 2, 2022 Mariel Alumit

(WO) — Baker Hughes agreed to sell its Oilfield Services business in Russia to its local management team, and the business will operate independently going forward, the company announced. The agreement follows the company’s previously […]

Chevron
Crude Oil News

Chevron, ExxonMobil continue Permian oil, gas output growth in Q2

August 1, 2022 Mariel Alumit

ExxonMobil and Chevron saw mounting oil and gas production from the US Permian Basin in Q2 2022, and outlooks continue to project double-digit growth for each in the giant West Texas and southeast New Mexico […]

Drilling In South America Set To Peak During 2022
E&P

Drilling In South America Set To Peak During 2022

July 30, 2022 Stu Turley

Drilling and completion activity in South America is expected to peak this year after a significant slowdown in 2020 due to the global demand destruction brought on by the Covid-19 pandemic, Rystad Energy claimed. According […]

CNOOC
Crude Oil News

China CNOOC taps shale oil in South China Sea exploration well

July 29, 2022 Mariel Alumit

SINGAPORE, July 28 (Reuters) – China’s CNOOC Ltd (0883.HK) has tapped commercial flows of oil and gas from a shale exploration well in the South China Sea, marking the first successfully drilled shale oil well offshore China, […]

E&P

Public U.S. oil producers saw higher revenues and higher operational costs during Q1 2022

July 29, 2022 Allen Santos

In the first quarter of 2022, 53 U.S. exploration and production companies reported both higher revenues and higher material and labor costs compared with the first quarter of 2021.July 22, 2022 Data source: U.S. Energy […]

Oil rises
Crude Oil News

Oil rises for a second day on supply tightness concerns

July 26, 2022 Mariel Alumit

LONDON, July 26 (Reuters) – Oil prices rose on Tuesday for a second day on increasing concerns about tightening European supply after Russia, a key energy supplier to the region, cut gas supply through a […]

Why is the dollar dominating -Because the U.S. is the cleanest dirty shirt
Alternative Investments

Why is the dollar dominating? Because the U.S. is ‘the cleanest dirty shirt’

July 23, 2022 Stu Turley

The U.S. dollar has had an incredible run throughout 2022, appreciating against most major currencies as the world’s central banks continue to combat rising inflation. This year alone, the dollar is up 15% against the […]

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