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U.S. crude output is expected to be down 379,000 barrels per day in the lower 48 states for the month of January, according to consultancy Rystad, as operators kept restoring production after a winter storm knocked off up to 2 million bpd of output last weekend. U.S. crude output from the lower 48 states was …
US Lower 48 Crude Output Down 379,000 Bpd in January on Storm Outages Read More »
(Reuters) – All of North Dakota’s crude production was back online on Friday, state regulators said, after recovering from an arctic blast from a winter storm that has disrupted production nationwide. North Dakota is the third-largest oil-producing U.S. state, and output totaled 1.189 million barrels per day in November, the latest monthly data from the …
North Dakota Oil Output Fully Restored, Nationwide Outages Dropping Read More »
(Reuters) – Chevron CEO Mike Wirth said on Friday the U.S. oil major can process an additional 100,000 barrels per day of Venezuelan crude at its refineries. “We’ve been bringing about 50,000 barrels a day, give or take, into our Pascagoula, Mississippi, refinery on the Gulf Coast. We can take another 100,000 barrels a day …
(Reuters) – Mexico’s President Claudia Sheinbaum said on Friday her country would seek diplomatic solutions and alternatives to help Cuba after the United States threatened tariffs on nations that supply the Caribbean nation with oil. “We need to know the scope because we don’t want to put our country at risk in terms of tariffs,” …
Mexico to Seek Diplomatic Solution After US Threatens Cuba Oil Tariffs Read More »
Chevron CEO Mike Wirth said on Friday the U.S. oil major was in discussions with the governments of Iraq and Libya to look at existing producing oilfields and evaluate exploration opportunities. The company needed to see compelling investment return potential in those countries, Wirth added. Reporting by Vallari Srivastava in Bengaluru and Sheila Dang in …
Chevron in Talks With Iraq, Libya to Evaluate Exploration Opportunities Read More »
(Reuters) – The United States supplied 60% of the European Union’s liquefied natural gas this month, data showed on Friday, confirming its role as Europe’s dominant LNG supplier as some European officials become wary of growing reliance on U.S. energy. The 60% share was an increase from both last month and January 2025, when the …
US Share of Europe’s LNG Imports Increased to 60% in January Read More »
(Reuters) – Exxon Mobil CEO Darren Woods told analysts on Friday that the company has the technology that would be needed to produce higher cost barrels from Venezuela. While he had previously called the South American country “uninvestable” in remarks earlier this month at a White House meeting that later drew a rebuke from President …
Exxon Says It Has The Technology Needed for Venezuela’s High-Cost Crude Read More »
By Ahmad Ghaddar, Olesya Astakhova and Alex Lawler OPEC+ likely to keep current output policy, sources say Brent crude prices rise to highest since August Kazakhstan’s Tengiz oilfield recovering from disruptions LONDON, Jan 30 – OPEC+ is likely to keep its pause on oil output increases for March when it meets on Sunday, five delegates …
OPEC+ Set to Keep Oil Production Pause for March as Prices Jump, Sources Say Read More »
By Ron Bousso LONDON, Jan 30 (Reuters) – Oil prices remain stuck in a narrow band even after soaring 15% in January, partly on fears of a fresh U.S. strike on Iran. Tough talk on either side is unlikely to push crude prices much higher, given today’s well-supplied market. What would be needed is big-time …
Summary Chevron evaluates investment opportunities in Venezuela amid geopolitical changes Q4 profits exceed estimates despite lower crude prices, focus on cost-cutting Tengiz maintenance and weather impact Q1 production, expected to recover soon HOUSTON, Jan 30 (Reuters) – Chevron’s fourth-quarter profits fell but came in ahead of estimates as it focused on cutting costs and making its …
Chevron Beats Q4 Profit Estimate, Eyes Venezuela Investment Opportunities Read More »
