Friday, January 31, 2025
OPEC+ likely to stick to oil output plan, sources say-oil and gas 360

OPEC+ likely to stick to oil output plan, sources say

Nasdaq LONDON, Nov 4  – OPEC and its allies are likely to stick to plans to raise oil output by 400,000 barrels per day (bpd) at an OPEC+ meeting on Thursday, sources said, despite calls from the United States for extra supply to cool rising prices. Top OPEC producer Saudi Arabia has already dismissed calls for more oil supplies from

Weekly Gas Storage: Inventories decrease by 40 Bcf- oil and gas 360

Weekly Gas Storage: Inventories increase by 63 Bcf

Natural Gas Inventories as of October 29, 2021 The EIA has released its natural gas inventory report, showing a net increase of 63 Bcf as of October 29, 2021. Working gas in storage was 3,611 Bcf as of Friday, October 29, 2021, according to EIA estimates. This represents a net increase of 63 Bcf from the previous week. Stocks were

Continental Resources announces 3Q21 results; delivering record free cash flow & strategic expansion into permian basin- oil and gas 360

Continental Resources announces 3Q21 results; delivering record free cash flow & strategic expansion into permian basin

Oil and Gas 360 OKLAHOMA CITY, Nov. 3, 2021 /PRNewswire/ — • $369.3 MM Net Income; $1.01 per Diluted Share ($437.2 MM Adjusted Net Income; $1.20 per Adjusted Share (Non-GAAP)) in 3Q21 • $1.0 B Cash Flow from Operations & Company Record $669 MM Free Cash Flow (Non-GAAP) in 3Q21 • $3.9 B Projected Full-Year 2021 Cash Flow from Operations & $2.6 B Projected Full-Year 2021 Free Cash Flow (FCF) (Non-GAAP) at Current Strip Prices1 (~14% FCF