Monday, January 6, 2025

Fortis Energy Services Announces New CFO

Fortis Energy Services is pleased to announce the promotion of Susan Censoni, CPA, to Chief Financial Officer, effective immediately. Mrs. Censoni has over twenty years of experience in both the private sector and in public accounting and has served as the VP Finance since joining Fortis in March 2013. “Susan has been responsible for all accounting and finance functions, including

At Brazil’s Petrobras, a ‘Chicago Boy’ takes the reins

From Reuters Depending on who you ask, Roberto Castello Branco, the new chief executive of Brazil’s Petroleo Brasileiro SA (PETR4.SA), will either save the indebted oil major – or strip it to the bone. Tapped by far-right President Jair Bolsonaro, who took power on Tuesday, Castello Branco had said in a June newspaper column he thought Petrobras – as the

OPEC sends fewest oil cargoes to United States in at least five years

From Reuters OPEC crude cargoes leaving for the United States in December dropped to the lowest level in at least five years, data from Refinitiv Eikon and market intelligence firm Kpler show. Oil cargoes departing from OPEC nations to the United States fell to 1.63 million barrels per day (bpd) last month, down from 1.80 million bpd in November and

Mt Astra (Suezmax) Loading at Corpus Christi ship tanker -Corpus Christi Harbor Island Terminal Complex Targets Deepest Channel Depth of any Onshore Crude Oil Export Facility in the U.S. Oil and GAs 360

Oil rises on China-U.S. talks, gains capped by U.S. fuel build

From Reuters Oil rose 2 percent on Friday after proposed trade talks between the United States and China eased some fears about a global economic slowdown, but gains were capped after the United States reported a sharp build in refined product inventories. Brent crude futures LCOc1 gained $1.10, or 2 percent, to $57.05 a barrel, by 11:33 a.m. EST (1633

Weekly Oil Storage: Flat Once Again

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week. Crude oil stocks rose by 7 MBBL last week to 441,418 MBBL from 441,411 MBBL. This is 4% above the 424,463 MBBL that was in storage at this point last year, and is 8% above the five-year

Weekly Gas Storage: Draw Decelerates

The EIA released its weekly Natural Gas Storage Report today, outlining how national natural gas stocks have changed in the last week. In total, the EIA reports natural gas stocks fell by 20 Bcf last week, decreasing to 2,705 Bcf from 2,725 Bcf. This is 14.3% below the 3,143 Bcf that was in storage at this point last year and