Sunday, November 24, 2024
EQT -oilandgas360

EQT Bids $750mm for Chevron Appalachia assets

EQT Corp, the largest U.S. natural gas producer by volume, has placed a bid on Chevron Corp’s Appalachia gas properties and a pipeline stake, people familiar with the matter said EQT offered $750 million (578.53 million pounds) for the properties, one of the people familiar with the matter said. Chevron last year said it was considering sale of the properties

Bloated diesel stocks weigh down global oil market: Kemp- oil and gas 360

Bloated diesel stocks weigh down global oil market: Kemp

Reuters LONDON – Global distillate markets remain heavily oversupplied, sending margins tumbling to multi-decade lows, despite refiners’ efforts to restrain crude processing and switch to maximising gasoline production. Poor distillate consumption and margins are weighing on refiners’ demand for crude, in turn hampering efforts by OPEC+ to rebalance the oil market and push crude prices higher. Production of distillates, including