Friday, November 8, 2024

Carrizo Oil Weighs Deal With Rival Explorer SM Energy

From Bloomberg Carrizo Oil & Gas Inc. is weighing a tie-up with U.S. energy explorer SM Energy Co., according to people familiar with the matter. Carrizo has held early-stage discussions with SM about a potential combination, the people said, asking not to not be identified because the information is private. There’s no certainty the deliberations will lead to a transaction, the

U.S. Gulf Coast Officially Becomes Net Crude Oil Exporter in Late 2018

Increasing production and mismatch between crude oil type and refinery configuration allows for more of the increasing U.S. crude oil production to be exported The Gulf Coast is the first region to export more crude oil than it imports since the West Coast saw small net exports in early 1990s U.S. crude oil production boomed in 2018 and so did

Uncertainty over oil supply and demand fundamentals is making it tougher for Russia and Saudi Arabia -- the architects of the OPEC+ deal -- to reconcile their differences - Oil & Gas 360

OPEC+ Affirms Commitment to Oil Cuts, Defers Decision to Extend

From Bloomberg Saudi Arabia led fellow members of the OPEC+ coalition to reaffirm their commitment to output cuts, but conceded they should defer until June the decision on whether to extend the curbs. A committee of the most influential members in the 24-nation alliance, which includes Russia, Iraq and the United Arab Emirates, agreed to go beyond their pledged supply