(Reuters) – The Kremlin said on Monday that Russia would do everything necessary to insulate the world’s second largest crude exporter from a global “economic storm” which has sown extreme turbulence in oil markets and raised concerns of a recession. Brent futures fell $1.61, or 2.5%, to $63.97 per barrel, and have fallen 15% over …
As Oil Plunges, Kremlin Sees a Global Economic Storm Read More »
(Reuters) – OPEC oil output fell in March ahead of a scheduled output hike, a Reuters survey found, as Nigeria curbed deliveries to domestic refineries and Iranian and Venezuelan supply dropped on renewed U.S. attempts to curb the flows. The Organization of the Petroleum Exporting Countries pumped 26.63 million barrels per day last month, down …
OPEC March Oil Output Falls on Venezuela, Iran Losses Amid Sanctions Read More »
NRG Energy anticipates naming a successor during the second quarter. Patel will remain in an advisory role during the transition.
TGS has awarded a client a shallow water ocean bottom node contract offshore Trinidad.
A jury found oil company Texaco, which is owned by Chevron, violated Louisiana’s coastal resources regulations by dredging canals, drilling wells and dumping wastewater into the marsh.
After crude prices fell about 11% last week, the April 7 losses put both benchmarks on track for their lowest closes since mid-April 2021.
Andros Capital Partners maintains a flexible investment mandate, allowing the firm to invest opportunistically across the capital structure in both public and private equity or debt securities.
From an upside perspective – a favorable resolution of the tariffs will push the price of Brent crude to $75 and the price of WTI to $70.
Goldman Sachs revised down its annual average price forecasts again for Brent and WTI crude in 2026, citing increased recession risks and the possibility of higher-than-expected OPEC+ supply. In a note dated April 6, the bank cut its 2026 average price forecast by $4 for Brent to $58 a barrel and WTI to $55. The …
Goldman Sachs Lowers 2026 Oil Price Forecasts Again Read More »
April 7 (Reuters) – Exxon Mobil CEO Darren Woods’ pay package for 2024 rose 19.3% to $44.1 million, a regulatory filing by the U.S. oil major on Monday showed. Woods’ base salary was about $1.96 million, with the majority of his pay package based on variable factors, including a $4.5 million bonus and $26.8 million …
