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By Reuters (Reuters) – The Trump administration will hold the government’s first sale of oil and gas drilling rights in the Gulf of Mexico since 2023 on Wednesday, a key test of industry appetite for offshore acreage at a time when the United States is seeking to unleash more domestic fossil fuel production. The auction is the first …
US Holds First Gulf of Mexico Oil and Gas Auction Since 2023 Read More »
Summary Market seeks cues from peace talks and Fed rate decision Fed expected to cut interest rates by 25 bps on Wednesday Russian oil supply risks offset oversupply concerns (Reuters) – Oil prices steadied on Wednesday as investors watched for progress in Russia-Ukraine peace talks and awaited a decision on U.S. interest rates. After declines …
Oil Steadies Ahead of Ukraine Peace Talks and Fed Interest Rate Decision Read More »
(Reuters) – Exxon Mobil is targeting $25 billion in earnings growth from 2024 to 2030 and will increase oil and gas production, the top U.S. oil producer said on Tuesday as it leans on profitable assets in Guyana and the Permian Basin. The outlook represents a $5 billion increase from its previous plan, although Exxon …
Exxon Raises Earnings Growth, Oil Production Forecasts to 2030 Read More »
Summary Strathcona plans to increase production to 300,000 bpd by 2035 Company is one of North America’s fastest-growing oil producers Waterous known for outspoken style (Reuters) – Canadian banker-turned-oil-tycoon Adam Waterous, an industry outsider who lives in a Rocky Mountain tourist town, not energy hub Calgary, has a plan to cement his company’s status as …
Canada’s Newest Oil Tycoon Shakes Up Sector With Bold Expansion Plan Read More »
Summary Prices likely to hover in tight range near-term, analysts say Russia-Ukraine peace talks still in progress Investors pricing in high possibility of rate cut at Fed meeting (Reuters) – Oil prices steadied on Tuesday after falling 2% in the previous session, with investors keeping a close eye on peace talks to end Russia’s war …
Oil Steadies With Ukraine Peace Talks, US Rate Decision in Spotlight Read More »
(Reuters) – Kazakhstan’s Caspian Pipeline Consortium, which accounts for 1% of global crude supply, will not return to full export capacity until at least December 11 after a Ukrainian drone attack damaged a key part of its terminal, two industry sources told Reuters. The CPC terminal, which handles around 80% of Kazakhstan’s oil exports, was …
The G7’s proposed plan to bar tankers from hauling Russian oil ups the ante in the West’s economic stand-off with Moscow, but the ultimate bite hinges on whether governments will ratchet up punishments on those skirting sanctions. And with Russian President Vladimir Putin working tirelessly to strengthen Moscow’s own alliances, including India and China, the …
G7’s Russian Oil Tanker Ban Shows Teeth, But Bite is in Doubt: Bousso Read More »
(Reuters) – U.S. energy firms this week added drilling rigs for the fourth time in five weeks, 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 549 in the week to December 5, its highest …
US Drillers Add Rigs for Fourth Time in Five Weeks, Says Baker Hughes Read More »
By Scott Disavino US central bank expected to cut rates next week Russia-Ukraine talks stall, affecting oil supply outlook OPEC+ production steady, geopolitical tensions influence prices NEW YORK, Dec 5 (Reuters) – Oil prices edged up nearly 1% to a two-week high on Friday on increasing expectations the U.S. Federal Reserve will cut interest rates …
Oil Climbs to 2-Week High on Fed Rate-Cut Signals, Supply Concerns Read More »
A Canadian pipeline boss led a new report advising the Trump administration on how to more quickly build new oil and gas infrastructure in the United States amid a push north of the border to do the same. U.S. Energy Secretary Chris Wright requested …
