Oil and Gas Prices
News
May 16, 2022
Saudi Aramco posted its highest profit since its record stock-market listing, after oil prices surged in the wake of Russia’s invasion of Ukraine.
News
May 15, 2022
Oil climbed, bookending another tumultuous week of trading, as investors weighed the prospect of a European Union ban on Russian crude and uncertainty over China’s virus resurgence.
News
May 12, 2022
Saudi Aramco overtook Apple Inc. as the world’s most valuable company, stoked by a surge in oil prices that is buoying the crude producer while adding to an inflation surge throttling demand for technology stocks.
News
May 10, 2022
Equinor ASA sold assets in the North Sea for $1 billion as it seeks to benefit from high oil prices and redirect proceeds to other core businesses.
News
May 09, 2022
Oil booms typically spark a chase for higher production -- but not this time. All five supermajors have kept their capital expenditure budgets firmly in check and pledged that this discipline will hold in future years.
News
May 04, 2022
The OPEC cartel – which has struggled for many months to revive oil supplies halted during the pandemic – effectively failed to increase output at all in April as members remained plagued by capacity constraints.
News
May 04, 2022
Oil rallied as supply concerns took center stage with the EU threatening to ban Russian supplies this year and U.S. regional fuel inventories dropping to record lows.
News
April 29, 2022
Chevron Corp. lifted its production target in North America’s biggest oil field in a sign that U.S. shale is responding to $100-a-barrel crude despite rising cost pressures and equipment shortages.
News
April 28, 2022
Whitecap Resources Inc., a Canadian conventional and shale driller, plans to increase natural gas activity in the second half of the year to capitalize on a surge in prices, Chief Executive Officer Grant Fagerheim said.
News
April 26, 2022
Big Oil is walking away from tens of billions of dollars of Russian assets, but $100 crude is easing the sting.
News
April 25, 2022
Oil dropped at the start of the week on concerns that a spreading Covid-19 outbreak in China will impact consumption even further.
News
April 22, 2022
Nigeria expects to raise its daily crude production closer to its OPEC quota in about two weeks as authorities re-open wells that had to be shut to keep criminals at bay.
News
April 21, 2022
Mexico’s state-owned oil giant Petroleos Mexicanos will resume paying its debt maturities this year, ending a government policy of covering its amortizations to help the beleaguered driller shore up its finances, according to a Finance Ministry official.
News
April 19, 2022
Spears & Associates Managing Director Richard Spears’ talk, titled, How extreme financial discipline impacts drilling activity in 2022 and 2023, outlined what has caused oil companies to display uncharacteristic financial restraint, despite surging oil prices.
News
April 18, 2022
Oil rose with the shutdown of Libya’s biggest oil field in an already under-supplied market overshadowing signals that China’s lockdowns are weighing on its economic growth.
News
April 14, 2022
Oil rallied Thursday afternoon after a report that the European Union is moving toward adopting a phased-in ban on Russian oil.
News
April 06, 2022
U.S. allies in the International Energy Agency will deploy 60 million barrels of oil from their emergency stockpiles, bolstering the 180-million-barrel release of crude reserves already announced by President Joe Biden.
News
April 06, 2022
Executives at some of the world’s biggest oil companies will tell a U.S. congressional hearing on high gasoline prices that they need the government’s help in securing more drilling permits to help lower consumers’ costs.
News
April 01, 2022
A new market update report shows the U.S. oil and gas (O& G) industry can expect to see continued demand recovery and positive effects from the passage of the Infrastructure Investment and Jobs Act, but regulatory environments tightened last year.
News
March 30, 2022
The 23-nation group led by Saudi Arabia will probably ratify plans for another modest production increase scheduled for May when it meets on Thursday, according to a Bloomberg survey
News
March 29, 2022
Saudi Arabia and the United Arab Emirates said the U.S. must trust OPEC+’s strategy, as Washington and other major importers call on the group to hike oil production following Russia’s invasion of Ukraine.
