|Day's Range||65.75 - 65.82|
While Trump’s decision not to extend the Iran sanctions waivers may seem to suggest he is pursuing higher oil prices, his base desperately needs prices to stay low
Saudi Oil Minister Khalid al-Falih has reassured oil markets that his country won’t ramp up oil production soon despite the end of Iranian sanction waivers
OSLO/LONDON (Reuters) - Norwegian oil and gas company Equinor will revise its climate targets next year and assess its investments against U.N.-backed goals following talks with major investors. Oil companies, among the largest emitters of greenhouse gases, are coming under increased shareholder pressure to have strategies compatible with the 2015 Paris climate agreement. Equinor revealed the new steps on Wednesday after talks with a group of more than 320 investors, led by UBS Asset Management, HSBC Global Asset Management and Storebrand Asset Management, which together manage more than $33 trillion in assets.
Blacktip, operated by Shell and co-owned by U.S. oil giant Chevron Corp, Equinor ASA and Repsol, is the company's second material discovery in the Perdido Corridor, Shell's Upstream Director Andy Brown said. "The Blacktip exploration well has encountered more than 400 feet (122 metres) net oil pay with good reservoir and fluid characteristics," the company said.
Will Marathon Petroleum’s Q1 Earnings Rise?(Continued from Prior Part)Analysts’ ratings for Marathon PetroleumIn this part, we’ll discuss analysts’ ratings for Marathon Petroleum (MPC). The company is expected to post its first-quarter
Natural Gas: Is the Fall Unstoppable?Natural gas prices On April 23, natural gas June futures fell 2.3% and settled at $2.499 per MMBtu (million British thermal units)—near the lowest closing level for active natural gas futures since June 6,
The Zacks Analyst Blog Highlights: PDC Energy, Anadarko Petroleum, AngloGold Ashanti and NovaGold Resources
The kingdom won’t significantly raise output in May and will stay within its OPEC production limit until the group’s current supply deal expires in June, Khalid Al-Falih said Wednesday in Riyadh. Nigeria, a fellow member of the Organization of Petroleum Exporting Countries, is “supportive of a six-month extension” in the group’s output cuts, though at levels still to be determined, Minister of State for Petroleum Resources Emmanuel Kachikwu told Bloomberg Television in the Saudi capital.
* Palm earlier fell to one-week low of 2,140 rgt/T * Market tracked stronger U.S. soyoil, technical buying -trader * April 1-25 cargo surveyors data due after 0400 GMT on Thursday (Updates with closing ...
Saudi Arabia's energy minister said on Wednesday he saw no need to raise oil output immediately after the United States ends waivers granted to buyers of Iranian crude, but added that the kingdom would respond to customers' needs if asked for more oil. Khalid al-Falih said he was guided by oil market fundamentals not prices, and that the world's top oil exporter remained focused on balancing the global oil market. "Inventories are actually continuing to rise despite what is happening in Venezuela and despite the tightening of sanctions on Iran.
People living in countries along China's "new Silk Road" favour investment in renewable energy over the construction of coal-fired power plants, according to a poll released on Wednesday ahead of a major summit in Beijing. Environmental group E3G, which commissioned the poll, said the results showed there was little support for investment in coal, despite China's role as a major funder of new plants. "China should now work with governments, business and investors at the upcoming forum to make sure these demands are met," said Nick Mabey, chief executive of E3G.
April 24 (Reuters) - Cnooc Ltd: * CNOOC CHINA LIMITED SIGNS A PETROLEUM CONTRACT WITH PETROCHINA * SUBSIDIARY CNOOC CHINA SIGNED A PETROLEUM CONTRACT WITH PETROCHINA FOR BEIBU GULF 23/29 BLOCK AND BEIBU ...
RIYADH (Reuters) - Saudi Arabia's Energy Minister Khalid al-Falih said on Wednesday that the kingdom's crude production would remain within levels outlined in OPEC-led output cuts but the top oil exporter ...
(For OSP list, click) SINGAPORE, April 24 (Reuters) - * State oil firm Petronas has set the price factor for Malaysian Crude Oil (MCO) for May at $5.40 per barrel, down 10 cents from the previous month, ...
* Market falls to one-week low of 2,140 rgt/T * Bearish production outlook also weighing on market - trader By Emily Chow KUALA LUMPUR, April 24 (Reuters) - Malaysian palm oil futures fell more than 1 ...
Oil prices hit their highest in about six months on Tuesday as sources said Gulf OPEC members were ready to raise output only if there was demand before offsetting any shortfall following a U.S. decision to end waivers for buyers of Iranian crude. Output in Saudi Arabia, the world's top oil exporter and de facto leader of the Organisation of the Petroleum Exporting Countries, will rise in May, but that it is not related to Iran sanctions, the sources said. The sources said Saudi production in May will also stay within its production target under a OPEC+ supply-cutting deal, which has led global supply cuts since the start of the year aimed at propping up crude prices.
KUALA LUMPUR, April 24 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets. FUNDAMENTALS * Malaysian palm oil futures fell to their lowest ...
Trump’s decision to let Iran waivers expire could kill off the OPEC+ deal while dealing a serious blow to the coalition’s ability to coordinate production cuts
As the power disruption shut oil fields, pipelines and ports, bringing oil infrastructure to a halt, state-owned Petroleos de Venezuela SA bought a cargo of crude from fellow OPEC member Nigeria, marking the first oil import since 2014. Almost 1 million barrels of light, sweet Agbami crude is discharging Tuesday, after loading in early April, and may help to offset falling domestic production. PDVSA can also use the lighter oil as a diluent to thin Venezuela’s sludgy crude so it can be more easily extracted from underground reservoirs.
A supertanker laden with U.S. oil is floating off China’s eastern coast, awaiting discharge at one of the Asian nation’s busiest ports. The vessel will soon be joined by more ships that will make the two-month voyage from America as long-simmering trade tensions between Washington and Beijing begin to ease. While refiners in China shunned U.S. oil imports as the nations imposed tit-for-tat tariffs in an escalating trade war, buying interest has resurfaced on optimism that the world’s top-two economies are nearing a resolution to their dispute.
The construction of new LNG terminals in Germany should be seen as a strategic decision rather than a financially sound decision to increase the capacity of natural gas imports
In 2011 N. Mitchell was appointed CEO of TransAtlantic Petroleum Ltd. (NYSEMKT:TAT). This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. Next, we...
Can Spirit Airlines Keep the Earnings Surprise Streak Alive?(Continued from Prior Part)Moderated oil prices WTI oil prices have fallen more than 14% from their peak of $76.40 per barrel on October 3 to $65.70 on April 22. Since fuel is a