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(Reuters) – U.S. weekly oil field production rose by 15,000 barrels per day (bpd) to a record 13.6 million bpd during the week ended October 24, the U.S. Energy Information Administration (EIA) said in its weekly Petroleum Status Report on Wednesday. Gulf Coast weekly crude oil imports fell 477,000 bpd last week to 597,000 bpd, …
US Oil Field Production Rose to Record 13.6 Million bpd Last Week – EIA Read More »
(Reuters) – Kuwait Oil Company (KOC) plans to spend 1.2 billion dinars ($3.92 billion) on its exploration drilling program through 2030, its senior executive told Reuters in an interview. The spending is part of a 9.8-billion-dinar budget – the company’s biggest ever – allocated for drilling and maintenance of up to 6,193 wells by the …
Kuwait Oil Company to Spend $3.9 Billion on Exploration by 2030, Deputy CEO Says Read More »
(Reuters) – The United States wants its allies to engage in a policy of energy abundance to keep prices down, the U.S. Department of Energy’s deputy secretary, James Danly, said at a panel at the annual Future Investment Initiative (FII) summit in Riyadh. Reporting by Nayera Abdallah in Dubai Editing by David Goodman
Ron Bousso Summary OPEC+ meets on November 2 to discuss oil production targets Trump will likely repeat call on OPEC to increase output after hitting Russia with sanctions Russia likely to support stopping or reversing increases (Reuters) – Saudi Arabia is caught between Donald Trump and a hard place, as the U.S. president’s latest oil …
Saudi OPEC Strategy Pulled by Warring US, Russia Interests Read More »
(Reuters) – Newly imposed U.S. and EU sanctions targeting Russia and its oil giants Rosneft and Lukoil have yet to disrupt physical crude shipments from the country’s western ports, according to LSEG data and market sources. Despite weather-related constraints and sanction pressure, October exports from western ports of Primorsk, Ust-Luga and Novorossiisk are seen at about …
Russia’s Oil Exports Hold Steady, Fresh Sanctions Yet to Make Impact Read More »
Summary Indian refiners refrain from new Russia oil purchases Indian Oil says will continue to buy compliant Russian oil Indian Oil, MRPL issue tenders for purchases BPCL plans tender for December-loading cargoes HYDERABAD, India, Oct 28 (Reuters) – Many Indian refiners have paused new orders for Russian oil since U.S. sanctions last week on Moscow’s …
Many Indian Refiners Pause New Russian Oil Orders, Await Clarity Read More »
Summary NGOs, young plaintiffs challenged Norway’s oil drilling permits European Court of Human Rights unanimously backs government Norway is western Europe’s biggest oil, gas producer Court says environmental impact must still be assessed OSLO, Oct 28 (Reuters) – The European Court of Human Rights on Tuesday ruled in favour of Norway’s government in a climate …
Europe’s Top Rights Court Rejects Climate Challenge Against Norway’s Oil Read More »
Summary API data shows stock build last week Demand-side pessimism eases, though caution lingers U.S. EIA weekly inventory report due today (Reuters) – Oil prices fell on Wednesday as traders eyed a potential jump in U.S. crude inventories, while OPEC lowered its oil supply growth forecast for producers outside OPEC+. Brent crude futures fell 75 …
Oil Falls Over 1% as Investors Assess Russia Sanctions, OPEC+ Output Plans Read More »
Saudi Arabia is caught between Donald Trump and a hard place, as the U.S. president’s latest oil sanctions on Russia force Riyadh to weigh competing geopolitical and economic priorities. Washington last week sanctioned Russia’s top two oil companies Rosneft and Lukoil, which jointly produce around 5% of global oil supplies. The U.S. is seeking to …
Saudi OPEC Strategy Pulled by Warring US, Russia Interests: Bousso Read More »
Russia’s second-largest oil producer, Lukoil, said on Monday it would sell its international assets following sanctions over Ukraine announced last week by the United States. The planned sale of the assets is the most consequential action so far by a Russian company in the wake of Western sanctions over Russia’s war in Ukraine, which started …
Russia’s Lukoil Says it Intends to Sell International Assets Due to Western Sanctions Read More »
