Saturday, December 28, 2024
The losers — and even bigger losers — of an oil price war between Saudi Arabia and Russia- oil and gas 360

The losers — and even bigger losers — of an oil price war between Saudi Arabia and Russia

CNBC An intensifying oil price war between Saudi Arabia and Russia has created “very painful” market conditions for the world’s largest crude producers, analysts have told CNBC, with many braced for sliding revenues over the coming months. International benchmark Brent crude traded at $32.97 Thursday, down almost 8%, while U.S. West Texas Intermediate (WTI) stood at $30.40, around 7.8% lower. Oil prices have

Booking frenzy sends tanker rates soaring as OPEC opens oil taps- oil and gas 360

Booking frenzy sends tanker rates soaring as OPEC opens oil taps

Reuters SINGAPORE  – The cost to transport oil on supertankers soared on Thursday as major producers scrambled to secure vessels to ship more crude in a bid to regain market share and buyers took advantage of plunging oil prices. Freight charges to ship oil in very large crude carriers (VLCCs) from the Middle East, which is home to the largest

A global natural gas market is starting to emerge- oil and gas 360

A global natural gas market is starting to emerge

Houston Chronicle Financial derivatives linked to liquefied natural gas are mushrooming as a market crash and a boom in physical trading creates an appetite to manage risk and provides opportunity to speculate on prices. The growth is helping speed up the development of a truly global trade in the fuel, linking together what has historically been geographically isolated markets into

Lonestar announces bolstered hedge positions- oil and gas 360

Lonestar announces bolstered hedge positions

Oil and Gas 360 FORT WORTH, Texas: Lonestar Resources US Inc. (NASDAQ: LONE) (together with its subsidiaries, “Lonestar,” “our” or the “Company”) announced that it has entered into a series of hedge transactions which considerably enhance the certainty around crude oil prices, natural gas prices, and interest rates. For the balance of 2020 (“Bal ’20”), Lonestar has a total of