March 27, 2024
“The US Energy Information Administration (EIA) said in January that US domestic production of crude oil for September 2023 set a new all-time high of 13,247,000 barrels per day. That fact probably deserved more notice than it received given that it was… Continue Reading…
March 19, 2024
“U.S. crude oil futures cracked $81 a barrel on Thursday, ending the day at the highest level since early November as the International Energy Agency now forecasts a supply deficit for 2024. The West Texas Intermediate contract for April rose $1.54 ,… Continue Reading…
March 14, 2024
“Disruptions on the world’s major trade routes, refinery closures and resurgent demand are pushing up global fuel prices and making forecasts difficult in the run-up to a US presidential election in which inflation will be a key issue…” https://www.yahoo.com/news/surging-gasoline-prices-add-inflation-021939727.html Plus… Continue Reading…
February 19, 2024
“Shale producer Diamondback Energy said on Monday it would buy the largest privately held oil and gas producer in the Permian Basin, Endeavor Energy Partners, in a cash-and-stock deal valued at about $26 billion, including debt. The combined company would be the… Continue Reading…
February 6, 2024
“U.S. oil and gas drilling has slowed in response to the fall in prices over the last 18 months, but that has not yet translated into slower production, keeping prices under pressure. Exploration and production firms have continued to increase… Continue Reading…
February 3, 2024
“Activist investor Bluebell Capital Partners is pushing for BP to urgently change tack, saying it is “highly debatable” whether the oil major’s strategy of reducing fossil fuel investments in favor of clean energy has any chance of succeeding…” https://www.cnbc.com/2024/01/30/bp-activist-investor-urges-oil-giant-to-scale-back-green-pledges.html It has zero… Continue Reading…
December 20, 2023
“Gas prices look poised to fall below $3 per gallon for the first time since May 2021. Why it matters: Prices at the pump can dictate drivers’ budgets, and have been shown to impact consumer sentiment. Zoom in: The national average price of gas… Continue Reading…
December 12, 2023
“Venezuela’s threats to annex a majority of Guyana may be an effort by its leader to consolidate power at home ahead of a potential presidential election next year instead of a real intention to invade its neighbor, U.S. officials say. But Washington… Continue Reading…
November 1, 2023
“BP the oil and gas company, missed analyst estimates for profit in the third quarter. It goes to show how hard it is for Big Oil to keep investors happy after making record profits last year. London-based BP (ticker: BP)… Continue Reading…
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