Wednesday, January 29, 2025
Oil-trading giant Vitol eyes shale expansion with new venture- oil and gas 360

Oil-trading giant Vitol eyes shale expansion with new venture

World Oil (Bloomberg) — Vitol Group, the world’s largest independent oil trader, is partnering with shale specialists who formerly led Brigham Exploration Co. to expand amid the highest crude prices in seven years. The trader and Austin, Texas-based driller ATX Energy Partners LLC formed VTX Energy Partners LLC to acquire wells in the Permian and Bakken shale regions, according to

Higher energy prices drive ConocoPhillips' quarterly profit beat- oil and gas 360

Higher energy prices drive ConocoPhillips’ quarterly profit beat

Reuters U.S. oil producer ConocoPhillips topped market estimates for fourth-quarter profit on Thursday and boosted its plan for shareholder returns by $1 billion, as it benefited from sharply higher oil and gas prices. Easing of global travel restrictions and tight supplies have sent crude oil prices to seven-year highs, lifting earnings of shale producers including ConocoPhillips and helping many of

Oil prices edge upward, bolstered by supply concerns- oil and gas 360

Oil prices edge upward, bolstered by supply concerns

CNBC Oil prices edged higher on Thursday, maintaining the market’s upward trajectory built on expectations that supply will continue to tighten even after OPEC+ producers stuck to planned moderate output increases. Tight global supplies and global political tensions have boosted oil prices by about 15% so far this year. Demand remains on the upswing, with the Omicron coronavirus only temporarily