Falling Oil Prices Poised for Biggest Monthly Decline Since 2021
So far in April Brent and WTI have lost about 15% and 16% respectively for the biggest percentage falls since November 2021.
Tech Transfer: Oil States Targets Geothermal Energy
Oilfield service company Oil States aims to lower geothermal well costs with its field-proven tension-leg platform technology.
ENERGY NORTH: Canadian Premier Smith Lashes Out at New Prime Minister, Liberals, Wants New Deal – Frustrated at “Overtly Attacked” Industry
Alberta Premier Danielle Smith challenges Mark Carney to improve the relationship between Alberta and the federal government, citing frustration over policies that “overtly attacked” the province’s economy. Smith demands “meaningful action” to reset the relationship, warning that Albertans will no longer tolerate threats to their industries and resources. The Alberta government will hold a caucus …
Ukraine Ready to Sign US Resources Deal in a Matter of Hours
Ukraine is ready to sign a natural resources deal with the US, which could bolster Washington’s support for Kyiv by strengthening their economic partnership. The draft agreement, which has been finalized, may be signed as soon as Wednesday and will allow the US privileged access to new investment projects to develop Ukraine’s natural resources. The …
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AI Topics for Your Management and Board of Directors – Part 1 – Yogi Schulz
By Yogi Schulz AI is sweeping through most organizations. It’s out of control, like the Wild West. AI output is showing up in reports and presentations. The Apple App Store and Google Play offer many free AI apps of varying quality. Every AI software vendor provides access to their prompt website. AI output is part …
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Elliott Has a Point on BP’s Ballooning costs
(Reuters Breakingviews) – Elliott Investment Management has a point about BP. Paul Singer’s activist investor group wants the $76 billion oil major, which reported on Tuesday, to cut costs more aggressively. Having allowed key operating expenses to balloon $10 billion since 2019 – or 30% – BP has minimal grounds to push back. Elliott, now BP’s …
Oil Outlook Dims on Tariff Headwinds, Potential OPEC+ Supply Boost
Summary Brent projected to average $68.98 per barrel in 2025 WTI to average at $65.08 per barrel in 2025 For table of crude price forecasts, click (Reuters) – A demand outlook clouded by trade disputes between the U.S. and China coupled with OPEC+’s decision to unwind supplies will weigh on oil prices this year, a …
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Oil Prices Down, Poised for Biggest Monthly Fall Since 2021
Summary Brent, WTI down for a third session, hit lowest in over 2 wks Brent down around 15% so far in April China PMI falls sharply as Trump tariffs bite OPEC+ meeting on May 5, market fears another output hike (Reuters) – Oil prices extended declines on Wednesday and were set for their largest monthly …
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China Spares Enterprise’s Ethane Exports from Tariffs
China blinked before implementing proposed 125% tariffs on ethane and ethylene from duties to protect their petrochemical business, Enterprise Product Partners CEO Jim Teague said.
NOG Closes $62MM Midland Basin Bolt-On Deal
Non-op Northern Oil and Gas (NOG) expanded its Midland Basin footprint with an acreage purchase in Upton County, Texas, from a private operator.