Wednesday, January 22, 2025

Iran Hasn’t Cut Offshore Oil Output, Halted Exports: IOOC Head

From Bloomberg Iran’s offshore oil production hasn’t seen any reduction and the country just loaded crude for export, said Hamid Bovard, head of the Iranian Offshore Oil Co. It loaded the latest batch of crude from its offshore fields for export three days ago, Bovard said at a press conference, without elaborating on the volume or the destination. Exports are

China and US flags -oilandgas360

Oil Prices Fall, Rise after Trump’s Tariff Threat Against China

From Reuters LONDON (Reuters) – Oil prices fell on Monday after U.S. President Donald Trump said he would sharply raise tariffs on Chinese goods this week, risking the derailment of trade talks between the world’s two biggest economies. U.S. West Texas Intermediate (WTI) crude futures were at $61.68 per barrel at 1338 GMT, down 26 cents. WTI hit $60.04 earlier

Wyoming coal mines close

Cloud Peak Energy Gets Short Reprieve Amid Bankruptcy Concerns

From the Casper Star-Tribune Cloud Peak Energy gained another week of reprieve last Tuesday, when the coal company reached an agreement with creditors to extend a grace period for their unpaid debt until May 7. In a filing last Wednesday with the Securities and Exchange Commission, the coal firm that operates the Antelope and Cordero Rojo mines in Campbell County

New Mineral Owners Association to Address Permitting War in Wyoming

Thousands of acres locked up by big companies with no drilling lowers our values, mineral owners say From the Casper Star-Tribune Sparked by a permitting war among Wyoming’s oil and gas producers, mineral owners in eastern Wyoming say they are banding together in defense, pushing for changes to Wyoming’s drilling rules and regulations. The Wyoming Mineral and Surface Owners Association