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HomePress

Press

Press Releases

OPEC+
Press

OPEC+ members send less oil to U.S., adding to tight supply outlook

October 27, 2023 Mariel Alumit

Nasdaq NEW YORK – U.S. waterborne imports of crude from OPEC+ members including Saudi Arabia have dropped steadily over the last year, further tightening supplies in the U.S. while supporting other markets including Europe, according […]

Natural Gas

Weekly Gas Storage: Inventories increase by 74 Bcf

October 27, 2023 Mariel Alumit

Working gas in underground storage, Lower 48 states Historical Comparisons Stocksbillion cubic feet (Bcf) Year ago(10/20/22) 5-year average(2018-22) Region 10/20/23 10/13/23 net change implied flow Bcf % change Bcf % change East 908 896 12 […]

Crude Oil News

U.S. crude oil inventories increase by 1.4 million barrels

October 26, 2023 Mariel Alumit

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.4 million barrels from the previous week.  At 421.1 million barrels, U.S. crude oil inventories are about 5% below the five […]

Texas
Crude Oil News

Texas regulator assess over $2 million in penalties against oil, gas operators

October 26, 2023 Mariel Alumit

World Oil AUSTIN – The Railroad Commission of Texas assessed $2,425,495.50 in fines involving 597 enforcement dockets against operators and businesses at the Commissioners’ Conference on Tuesday. The Commission has primary oversight and enforcement of […]

Crude Oil News

Chevron’s Hess acquisition delivers “richly-valued” oil independent

October 26, 2023 Mariel Alumit

World Oil (Bloomberg) – Chevron Corp.’s acquisition of Hess Corp. does more than give it a stake in the world’s fastest-growing oil field off the coast of Guyana and shale assets in the Bakken basin of […]

Geopolitical

RBC: The U.S. could tighten the oil sanctions on Iran

October 26, 2023 Mariel Alumit

Oil Price The United States is likely to tighten the sanction enforcement on Iran’s crude oil exports over the Hamas-Israel war and the Iranian backing of Hamas, Helima Croft, the head of global commodity strategy […]

International News

Saudi Prince says Exxon, Chevron megadeals show oil is here to stay

October 26, 2023 Mariel Alumit

World Oil (Bloomberg) – Oil is here to stay as U.S. majors strike blockbuster deals while Saudi policies are helping stabilize global crude markets, the kingdom’s energy minister said at the annual investment forum in […]

NOG
Finance

NOG provides preliminary financial and operational updates for the third quarter of 2023

October 26, 2023 Mariel Alumit

Oil and Gas 360 MINNEAPOLIS–(BUSINESS WIRE)– Northern Oil and Gas, Inc. (NYSE: NOG) (the “Company” or “NOG”) today announced an update on Ground Game acquisitions and certain other financial and operational items for the third […]

Halliburton
Earnings

Halliburton profit beats as higher global drilling offsets weak N.America

October 25, 2023 Mariel Alumit

Yahoo Finance Halliburton’s third-quarter profit beat market expectations on Tuesday as higher international drilling and equipment demand helped overcome weakness in North America. The increased demand comes as oil and gas companies reinvest their record profits […]

Crude Oil News

Oil prices fall amid flurry of weak European economic data

October 24, 2023 Mariel Alumit

CNBC Oil prices fell on Tuesday for the third straight session, after a flurry of slow economic data from Germany, the euro zone and Britain that weighed on the outlook for energy demand. Brent crude futures […]

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