Friday, May 20, 2022

Aramco, Reliance withdraw $15 billion deal over valuation differences

Saudi Aramco expects about 2 bcf/day in gas from Jafurah field, CEO says
Saudi Aramco and Reliance Industries have called off a deal for the state oil giant to buy a stake in the...

OPEC daily basket price stood at $74.20 a barrel Monday, 29...

OPEC daily basket price stood at $78.93 a barrel Tuesday, 4 January 2022
Vienna, Austria, 30 November 2021--The price of OPEC basket of thirteen crudes stood at $74.20 a barrel on Monday, compared with $76.09 the...

OPEC daily basket price stood at $79.37 a barrel Thursday, 18...

opec
Vienna, Austria, 19 November 2021--The price of OPEC basket of thirteen crudes stood at $79.37 a barrel on Thursday, compared with $81.10 the previous...

OPEC daily basket price stood at $82.64 a barrel Tuesday, 9...

opec
Vienna, Austria, 10 November 2021--The price of OPEC basket of thirteen crudes stood at $82.64 a barrel on Tuesday, compared with $82.34 the previous...

OPEC’s October Output Rise By 190,000 Barrels A Day

The increase in OPEC’s oil output in October fell short of the rise planned under a deal with allies, a Reuters survey...

Energy Crisis Prompts Asia to Turn to USA for Oil

Oil extends gain after eighth weekly advance on energy crisis
Asia demand for U.S. oil is rising as the energy crisis boosts prices for other crudes that are priced against the global...

Oil price climb continues, logging eighth weekly gain

Oil extends gain after eighth weekly advance on energy crisis
Oil rose higher on Monday following an eighth weekly gain, spurred on by the energy crunch as winter approaches.

Oil Prices Surge Highest In Years On Demand Recovery

Oil Prices Surge Highest In Years On Demand Recoveryvirus-driven economic double-dip: Kemp
Oil prices hit their highest level in years on Monday as demand recovers from the COVID-19 pandemic, boosted by more custom from...

OPEC Sets On Attracting Investment In Oil And Gas Sector

“The energy crisis in Europe and many parts of the world is a wake-up call,” he said, adding, “It all comes back to the issue of investment across the oil-and-gas industry.”

Gas Demand To Achieve Pre-COVID-19 Levels Globally By 2022 – APPEC

Gas producers
Whereas a persistent rise in COVID-19 infections in a number of markets has harm restoration in demand for some refined merchandise comparable to jet gas, consumption traits of petrol and diesel point out larger development, the trade leaders stated.

Chevron CEO Warns of High Energy Prices

Chevron Raises Share Buyback To $5B PA
One reason executives are wary to plow investment dollars into new supply is shareholders haven’t shown they’re in their corner. They want cash returned to them immediately rather than seeing it re-invested in new developments. Although soaring commodities markets are “signaling we could invest more,” equity prices are sending boardrooms a different sign, Wirth said.

Chevron To Invest $10 Billion On Energy Transition

Chevron energy
Chevron plans toward meeting its energy transition, through the investment of more cash in new low carbon sources. Company...

Oil Prices Sustain Upward Trajectory In A Second Straight Session

Oil
Beyond the impact of Ida, market attention will focus this week on potential revisions to the oil demand outlook for 2022 from the Organization of the Petroleum Operating Countries (OPEC) and the International Energy Agency (IEA). OPEC will likely revise its forecast lower on Monday, two people familiar with the matter said.

Shell preps key Gulf of Mexico pipeline for restart after hurricane...

SHELL
Royal Dutch Shell is gearing up to restart oil pipelines off the U.S. Gulf Coast, potentially moving the region’s top driller one...

China to sell state crude reserves

Oil Prices Sustain Growth
China plans to sell its crude reserves in phases as the Asian country announces first public state oil auction to stabilize prices.

European natural gas futures hit new highs as Russian output dips

Gazprom said Monday it’s meeting in full requests of its European consumers who receive gas via the Yamal-Europe pipeline, which transports the fuel into Mallnow.

Equinor’s Castberg Arctic oilfield faces delay, cost overrun

project to produce between 400 million and 650 million barrels of oil is now seen costing 59.1 billion crowns ($6.91 billion), up from a 53.4 billion estimate a year ago.
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