Oil

Auto Added by WPeMatico

Trump Keeps Oil Permits Moving in Shutdown, Halts Renewables

Conventional Energy, Latest, Oil, US News / By

By Ari Natter The Trump administration plans to continue issuing permits for oil drilling and do other work on “priority conventional energy projects” during the government shutdown but will freeze activities on some renewable energy projects. The Interior Department, which oversees energy development on federal lands and waters, is furloughing thousands of workers but will …

Trump Keeps Oil Permits Moving in Shutdown, Halts Renewables Read More »

Oil Edges Lower for Fourth Day on Oversupply Concerns

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary Brent, WTI extend falls, Brent traded earlier at the lowest level since June Expectations of OPEC+ output increase weighs on market US to give Ukraine intelligence for strikes on Russian energy infrastructure, officials say (Reuters) – Oil prices edged lower on Thursday, extending a run of declines into a fourth day due to concerns …

Oil Edges Lower for Fourth Day on Oversupply Concerns Read More »

OPEC+ Panel Stresses Need for Full Compliance With Oil Output Limits

CDN and International News, Conventional Energy, Latest, Oil / By

(Reuters) – An OPEC+ panel stressed the need for achieving full compliance with oil output agreements and extra output cuts that some members are required to make to compensate for earlier exceeding quotas at a meeting on Wednesday, OPEC said in a statement. The online meeting of the Joint Ministerial Monitoring Committee, which includes top …

OPEC+ Panel Stresses Need for Full Compliance With Oil Output Limits Read More »

Cenovus’ 160,000-bpd Refinery in Toledo, Ohio to Shut Several Units for a Month of Planned Maintenance, Source Says

Conventional Energy, Latest, Oil, US News / By

(Reuters) – Cenovus will shut several units at its 160,000-bpd refinery in Toledo, Ohio next week for a month of planned maintenance, a source familiar with the matter said on Wednesday. The planned work is expected to start on October 6. Cenovus did not immediately respond to Reuters’ request for comment. Reporting by Nicole Jao

Venezuela’s Oil Exports Surpass 1 Million bpd for First Time Since 2020, Data Shows

CDN and International News, Conventional Energy, Latest, Oil / By

(Reuters) – Venezuela’s oil exports averaged 1.09 million barrels per day (bpd) in September, the highest monthly level since February 2020, according to shipping data and documents from state-run energy company PDVSA. The country has struggled to stabilize oil production and exports since coming under U.S. sanctions in 2019, but rising crude output, sales of …

Venezuela’s Oil Exports Surpass 1 Million bpd for First Time Since 2020, Data Shows Read More »

Russia’s Western Port Oil Exports Up 25% After Drone Attacks

CDN and International News, Conventional Energy, Latest, Oil / By

(Reuters) – Russia boosted oil exports via its western ports by 25% in September versus August, according to three trading sources, as refinery outages caused by Ukrainian drone attacks freed up more crude. September exports via the western ports of Primorsk, Ust-Luga and Novorossiisk rose to 2.5 million barrels per day (bpd), the sources said. …

Russia’s Western Port Oil Exports Up 25% After Drone Attacks Read More »

COMMENTARY: How Our “Knowledge System” Ignores the Benefits of Fossil Fuels – Alex Epstein

Coal, Conventional Energy, Energy Commentary, Energy Topics & Technology, Latest, Natural Gas, Oil, US News / By

By Alex Epstein A summary of Fossil Future, Chapter 1 This is the first of 11 “Alex Notes” on my book Fossil Future—like Cliff’s Notes, but actually written by the author. Enjoy! Get Fossil Future (Some of you will remember that I started creating “Alex notes” as part of the Fossil Future book launch, but never …

COMMENTARY: How Our “Knowledge System” Ignores the Benefits of Fossil Fuels – Alex Epstein Read More »

Macquarie Cuts WTI Crude Forecast for 2025, 2026 on Oversupply Concerns, Policy Uncertainty

Conventional Energy, Latest, Oil, US News / By

Macquarie has lowered its West Texas Intermediate (WTI) crude oil price forecasts for 2025 and 2026, citing a heavily oversupplied market and heightened uncertainty stemming from recent policy decisions under U.S. President Donald Trump’s administration. The bank in a note on Tuesday said it now expects WTI to average $64 per barrel in 2025, down …

Macquarie Cuts WTI Crude Forecast for 2025, 2026 on Oversupply Concerns, Policy Uncertainty Read More »

Oil Pauses as Markets Assess OPEC+ Plans, Demand Concerns

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary OPEC+ may raise output by up to 500,000 bpd in November, sources say US crude stocks down 3.67 million barrels last week – API US EIA stocks data to be released as usual despite shutdown (Reuters) – Oil prices steadied on Wednesday after falling for two days as investors weighed OPEC+ plans for a …

Oil Pauses as Markets Assess OPEC+ Plans, Demand Concerns Read More »

Global Energy Layoffs Deepen in 2025 as Crude Prices Weaken, M&A Deals Surge

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Oil, US News / By

September 30 – Global energy majors and related companies plan to slash more jobs in 2025, after cutting thousands last year, as the industry navigates weaker crude oil prices and a rapid consolidation. Benchmark Brent crude futures are down about 10.5% year-to-date, impacted by increased OPEC+ output and persistent demand uncertainty tied to the U.S. …

Global Energy Layoffs Deepen in 2025 as Crude Prices Weaken, M&A Deals Surge Read More »

Subscribe
Subscribe