Friday, April 4, 2025
BP Chair to step down amid Elliott campaign for changes- oil and gas 360

BP Chair to step down amid Elliott campaign for changes

(Oil Price) – BP chair Helge Lund has informed the board that he would be stepping down from the role “most likely during 2026,” as activist investor Elliott continues to demand more changes at the UK-based supermajor. BP’s board of directors

Oil prices to stay depressed throughout 20256, JPMorgan predicts- oil and gas 360

Oil prices to stay depressed throughout 20256, JPMorgan predicts

(Investing) – Oil prices have plummeted to their lowest levels in more than three years, as China retaliates against President Trump’s tariffs, intensifying the ongoing trade war and unsettling global markets. Brent Oil Futures dropped 7.6% to $64.86 a barrel at 14:05

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Weekly Inventories

U.S. crude oil inventories increase by 6.2 million barrels

Weekly Crude Oil Storage as of March 28, 2025 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 6.2 million barrels from the previous week.  At 439.8 million barrels, U.S. crude oil inventories are 4%

Weekly Gas Storage: Inventories increase by 29 Bcf

Natural Gas Inventories as of March 28, 2025 The EIA has released its natural gas inventory report, showing a net increase of 29 Bcf as of March 28, 2025. Working gas in storage was 1,773 Bcf as of Friday, March

U.S. rig count decreased by 1 is at 592

This week’s Baker Hughes Rig Count shows that the U.S. decreased by 1 over last week, resulting in a total count of 592 rigs. Canada had a decrease of 17 over last week, resulting in a total Canadian count of