Monday, February 24, 2025
Crude Inventory Build Increases by 3.1 Million Barrels - oil and gas 360

Crude Inventory Build Increase of 2.9 Million Barrels

Weekly Crude Oil Storage as of October 4, 2019 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 2.9 million barrels from the previous week. At 425.6 million barrels, U.S. crude oil inventories are at the five year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,

International Seaways prepays $100 Million - oil and gas 360

International Seaways prepays $100 Million

International Seaways Announces $100 Million Prepayment of 2017 Term Loan Facility International Seaways, Inc. (NYSE: INSW) (the “Company” or “INSW”), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products in International Flag markets, announced today that the Company is prepaying $100 million of the outstanding balance of its 2017 Term Loan Facility,

Halcón emerges from bankruptcy; appoints new Chief Operating Officer - oil and gas 360

Halcón emerges from bankruptcy; appoints new Chief Operating Officer

Halcón Announces Emergence from Chapter 11 and Appointment of New Chief Operating Officer Halcón Resources Corporation (“Halcón” or the “Company”) is pleased to announce that it has emerged from bankruptcy under Chapter 11 of the US Bankruptcy Code. By successfully completing its financial restructuring, the Company eliminated more than $750 million in debt and more than $40 million of annual