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November 18, 2021

Exxon bids on 94 shallow-water plots in latest Gulf of Mexico leasing round- oil and gas 360

Exxon bids on 94 shallow-water plots in latest Gulf of Mexico leasing round

November 18, 2021

World Oil HOUSTON (Bloomberg) – Exxon Mobil Corp. submitted bids for 94 drilling leases in shallow waters near the Texas coastline, an apparent step forward for a giant proposed carbon-capture project close to Houston’s industrial corridor. The oil explorer faced no competition for the leases across underwater hills and valleys with names such as Brazos and High Island during a

Saudi Arabia's crude oil exports hit eight-month high in September- oil and gas 360

Saudi Arabia’s crude oil exports hit eight-month high in September

November 18, 2021

Reuters Nov 18 – Saudi Arabia’s crude oil exports in September rose for a fifth month in a row to their highest since January, the Joint Organisation Data Initiative (JODI) said on Thursday. The kingdom’s crude oil exports rose to 6.516 million barrels per day (bpd) in September, up from 6.450 million bpd in August. Total exports including oil products

China begins releasing oil from its strategic reserves- oil and gas 360

China begins releasing oil from its strategic reserves

November 18, 2021

World Oil (Bloomberg) – China is releasing some oil from its strategic reserves days after the U.S. invited it to participate in a joint sale, suggesting the world’s two biggest oil consumers are willing to work together to keep a lid on energy costs. U.S. President Joe Biden and Chinese President Xi Jinping had discussed the merits of releasing oil

U.S. considers turning an 1890 antitrust law against OPEC to steer oil price- oil and gas 360

U.S. considers turning an 1890 antitrust law against OPEC to steer oil price

November 18, 2021

World Oil WASHINGTON (Bloomberg) – Some U.S. lawmakers are seizing on the energy price surge to revive long-standing legislation that would subject the OPEC oil cartel to the same antitrust laws used more than century ago to break up Standard Oil’s monopoly. The “No Oil Producing and Exporting Cartels Act” — known as NOPEC — would allow the U.S. government

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