WTI Closes at Highest Level Since April 2019
- Thu, 04 Mar 2021 20:54:55 GMT
Oil surged to the highest in nearly two years after the OPEC+ alliance surprised traders.
OPEC+ Surprise Triggers Oil Price Surge
- Thu, 04 Mar 2021 18:29:40 GMT
The oil market had been expecting additional supply.
Valaris Clears Bankruptcy Hurdle
- Thu, 04 Mar 2021 18:02:02 GMT
The U.S. Bankruptcy Court for the Southern District of Texas has approved Valaris' Chapter 11 prearranged reorganization plan.
ERCOT Board Fires CEO
- Thu, 04 Mar 2021 14:48:02 GMT
Magness has defended the grid operator's decision to call for the largest forced power outage in U.S. history.
Average USA Pump Price May Soon Top $3
- Thu, 04 Mar 2021 14:22:59 GMT
Pump prices across the United States could exceed $3 a gallon for the first time in six years.
Energy Transition Will Drive More Copper Mining
- Thu, 04 Mar 2021 13:22:08 GMT
Copper is a vital part of green infrastructure.
Houthis Claim Strike on Aramco Oil Depot
- Thu, 04 Mar 2021 12:21:11 GMT
Yemen's Houthi rebels said they launched missile and drone strikes against a Saudi Arabian oil facility and a military base.
Platts Apologizes to Oil Traders
- Thu, 04 Mar 2021 12:14:18 GMT
S&P Global Platts apologized to oil traders for the speed at which it announced an overhaul of a price that underpins a swath of the world's crude oil transactions.
DOE Announces New Senior Leadership Appointees
- Thu, 04 Mar 2021 12:05:36 GMT
The U.S. Department of Energy has announced new senior leadership appointees.
Analysts Significantly Bump Oil Price Forecast
- Thu, 04 Mar 2021 10:10:22 GMT
Analysts at Fitch Solutions Country Risk & Industry Research made a 'significant upward revision' to their oil price forecast this month.
UK Oil Sector Welcomes Chancellor's New Measures
- Thu, 04 Mar 2021 09:58:22 GMT
The UK oil and gas industry has welcomed new measures announced by the UK Chancellor of the Exchequer in his latest budget.
Noble Rig to Drill Offshore Australia Wells
- Thu, 04 Mar 2021 09:38:17 GMT
The Noble Tom Prosser will drill two Santos-operated exploration wells in the Bedout Basin.
Oil Prices Get Boost from Fuel Inventory Data
- Wed, 03 Mar 2021 20:21:03 GMT
Oil jumped the most in more than a week.
Blueknight Exits Crude Terminalling Business
- Thu, 04 Mar 2021 13:05:48 GMT
Blueknight Energy Partners has closed on the sale of its crude oil terminalling business to Enbridge.
Granholm Says Oil and Gas Firms Must Embrace Green Transition
- Wed, 03 Mar 2021 17:47:14 GMT
She also said the Biden administration has created a new office to help fossil fuel workers identify new opportunities.
Biden Admin Touts $40B+ Energy Loan Program
- Wed, 03 Mar 2021 17:03:49 GMT
The DOE loan-program has guaranteed hundreds of millions of dollars for Tesla Inc. and failed solar-manufacturer Solyndra LLC.
Saudi Aramco and Hyundai Make LPG-for-CO2 Deal
- Wed, 03 Mar 2021 16:25:04 GMT
Carbon dioxide generated from hydrogen production will be used at Aramco oil production facilities.
Drilling Uptick Bolsters Steel CEO Confidence
- Wed, 03 Mar 2021 15:29:47 GMT
One steelmaker says pipe inventories are dropping and energy companies are placing more orders as rig counts perk up.
Iran Gauges Refiner Interest in Possible Oil Supply Deals
- Wed, 03 Mar 2021 15:02:12 GMT
Iran's state oil marketer reportedly has approached at least five refiners across Asia to discuss possible supply deals.
ExxonMobil Seeks Minimum 30% Returns on New Projects
- Wed, 03 Mar 2021 14:23:55 GMT
ExxonMobil outlined a target to achieve returns of least 30% on new projects after reducing capital spending plans.