Friday, November 29, 2024
Saudis, UAE suggest OPEC will resist Biden’s pleas for more oil- oil and gas 360

Saudis, UAE suggest OPEC will resist Biden’s pleas for more oil

World Oil ABU DHABI (Bloomberg) – Saudi Arabia and the United Arab Emirates signaled OPEC+ will continue raising oil output cautiously and won’t bow to U.S. pressure to pump faster. President Joe Biden, concerned that gasoline prices at a seven-year high are stoking inflation in America, has called on the 23-nation alliance to turn on the taps and bring down

Exxon workers begin a vote on union's future at Texas refinery- oil and gas 360

Exxon workers begin a vote on union’s future at Texas refinery

Nasdaq HOUSTON, Nov 15 – Workers locked out of their jobs at an Exxon Mobil XOM.N oil refinery this week begin casting ballots in a vote that will decide the fate of the United Steelworkers union (USW) at their Texas plant. Exxon locked out union members from the 2,700-acre Beaumont, Texas, refinery and oil packaging plant on May 1 after failed

Canadian indigenous group says it has ordered workers off site of disputed gas pipeline

Nasdaq OTTAWA, Nov 15 – An indigenous group in the Canadian Pacific province of British Columbia says it has ordered workers to leave the site of TC Energy Corp’s TRP.TO Coastal GasLink pipeline, the latest step in a protracted dispute. Hereditary chiefs from the five clans of the Wet’suwet’en people, who oppose the project, have been trying for more than a year

Amplify Energy pulls annual outlook on California oil spill hit- oil and gas 360

Amplify Energy pulls annual outlook on California oil spill hit

Reuters Nov 15 – Amplify Energy Corp AMPY.N withdrew its full-year forecast on Monday, saying that a large oil spill from one of its subsea pipelines in southern California last month forced it to shut its operations in the region. In mid-October, the U.S. Coast Guard said about 588 barrels (25,000 gallons) of crude oil was spilt, about a fifth

ADIPEC: Oxy’s Hollub wants Biden to stop hectoring OPEC and focus on U.S. oil- oil and gas 360

ADIPEC: Oxy’s Hollub wants Biden to stop hectoring OPEC and focus on U.S. oil

World Oil ABU DHABI (Bloomberg) – The world’s biggest oil and gas companies and many OPEC+ energy ministers are meeting in Abu Dhabi this week for the ADIPEC conference — one of the first major in-person events for the industry since the onset of the coronavirus pandemic. The Organization of Petroleum Exporting Countries and its allies are likely to maintain

Oil prices slide on expectations of higher supply, weaker demand- oil and gas 360

Oil prices slide on expectations of higher supply, weaker demand

Reuters SINGAPORE — Crude oil prices fell on Monday on expectations of increasing supply, while higher energy costs and rising COVID-19 cases are also seen weighing on demand. Brent crude futures fell 63 cents, or 0.8%, to $81.54 a barrel, as of 0731 GMT. U.S. West Texas Intermediate (WTI) crude lost 55 cents, or 0.7%, to $80.24 a barrel. Oil markets have