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By Nicole Jao BP excavates over 200 feet of pipeline to locate leak source Major airlines add refueling stops to flights amid pipeline shutdown Delta Air Lines and Alaska Airlines use tanker trucks to supplement fuel NEW YORK, Nov 24 (Reuters) – BP’s (BP.L) Olympic Pipeline system remained offline on Monday as the oil major …
BP’s Olympic Pipeline Shutdown Hits Airlines’ Fuel Supply Read More »
CAIRO, Nov 24 (Reuters) – Abu Dhabi state oil company ADNOC plans $150 billion of investment between 2026 and 2030, it said on Monday, seeking to maintain existing operations, drive growth and meet global energy demand. During a meeting on Monday, the board of directors welcomed the company’s increased oil reserves at 120 billion stock …
Abu Dhabi’s ADNOC Plans $150 Billion in Capital Investments Between 2026-2030 Read More »
By Weilun Soon The cost of hiring an oil supertanker on a benchmark route spiked to the highest in more than five years, as buyers sought alternatives to sanctioned Russian crude amid increased supply from Middle East and US producers. Benchmark rates for very-large crude carriers that can transport up to 2 million barrels from …
Tanker Rates Hit New High as Buyers Seek Non-Russian Oil Read More »
(Reuters) – JPMorgan forecast on Monday Brent crude at $57 a barrel and West Texas Intermediate (WTI) at $53 in 2027, while keeping its 2026 estimates unchanged at $58 and $54 respectively. Brent crude futures were trading around $62.54 a barrel as of 1434 GMT, while U.S. West Texas Intermediate crude was trading at $58.08. …
JPMorgan Projects Brent Crude at $57 a Barrel, WTI at $53 in 2027 Read More »
Clyde Russell Summary (Reuters) – The weak statement that omitted any mention of fossil fuels was probably the best outcome that could have been realistically expected of the COP30 climate summit. It was always going to be a tall order to put nearly 200 countries with massively different perspectives together and deliver a strong statement …
COMMENTARY: Limp COP30 Deal Matters Little in Renewables vs Fossil Battle Read More »
Reuters The United States is poised to launch a new phase of Venezuela-related operations in the coming days, four U.S. officials told Reuters, as the Trump administration escalates pressure on President Nicolas Maduro’s government. Reuters was not able to establish the exact timing or scope of the new operations, nor whether U.S. President Donald Trump …
US to Launch New Phase of Venezuela Operations, Oil Operations at Risk – Sources Say Read More »
Baytex Energy announced the sale of its U.S. shale operations for $3.25 billion last week By Meghan Potkins Original: financialpost.com/news/us-oil-companies-energy-investors-canada-deals A flurry of recent deals in the Canadian oilpatch that caught the interest of U.S. producers and private capital is fuelling speculation about a revival of foreign investment in Canada’s perennially unloved energy sector. Calgary-based …
U.S. Oil Companies, Energy Investors ‘Looking at Canada Again’ Amid Flurry of Deals Read More »
Summary Russia-Ukraine peace deal could boost global crude supply Stronger dollar weighs on oil prices US sanctions on Lukoil and Rosneft to take effect on Friday (Reuters) – Oil prices eased about 1% on Friday to settle at one-month lows as the U.S. pushed for a Russia-Ukraine peace deal that could boost global oil supplies, …
Oil Prices Settle Down at Lowest in a Month as US Seeks Russia-Ukraine Peace Deal Read More »
(Reuters) – U.S. energy firms this week added oil and natural gas rigs for a third week in a row for the first time since September, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by five to …
US Drillers Add Oil and Gas Rigs for Third Week in a Row, Says Baker Hughes Read More »
(Reuters) – HOUSTON, Nov 21 – There are 10 hydraulic fracturing crews operating in North Dakota, down from 13 in October, the state regulator said on Friday, as weak oil prices push operators to put the brakes on activity. “This is seasonal however I do believe that some of the reduction there is related to …
North Dakota Frac Crew Count Slips to 10 in October, State Regulator Says Read More »
