Sunday, January 19, 2025
Exxon, Chevron will spend more on stock returns than production- oil and gas 360- oil and gas 360

Exxon, Chevron will spend more on stock returns than production

World Oil (Bloomberg) — Exxon Mobil Corp. and Chevron Corp. will together give more cash to shareholders than they invest in oil and gas production this year even as political leaders call on the industry to increase output to help ease soaring consumer prices. The U.S. supermajors will shower investors with a combined $50.3 billion in stock buybacks and dividends

Russian gas deliveries via Ukraine hit 5-month high- oil and gas 360

Russian gas deliveries via Ukraine hit 5-month high

Oil Price Requests for Russian natural gas deliveries for the EU via Ukraine and Slovakia on Monday reached their highest level since November 2021, sending European benchmark gas prices lower in early trade, despite the ongoing dispute over rubles-for-gas payments and Russia cutting off deliveries to Poland and Bulgaria. Daily nominations for Russian supply through Ukraine and the Slovakian border

EU set to ban Russian oil, ministers hold crisis talks on gas- oil and gas 360

EU set to ban Russian oil, ministers hold crisis talks on gas

Yahoo BRUSSELS -The European Union was preparing a ban on Russian oil, with possible exemptions for wary countries, as EU energy ministers on Monday held crisis talks on Moscow’s demand that foreign buyers pay for gas in roubles or lose their supply. The European Commission is expected to propose a sixth package of EU sanctions this week against Russia over

Enterprise Products' crude pipeline volumes rise 16%- oil and gas 360

Enterprise Products’ crude pipeline volumes rise 16%

Nasdaq HOUSTON – Enterprise Products Partners LP’s EPD.N crude pipeline volumes rose by 16% in the first quarter, the U.S. energy pipeline operator said on Monday, as demand recovered. Russia’s invasion of Ukraine and worries of a supply crunch increased prices of U.S. oil CLc1 and natural gas NGc1 by more than 33% and 50% in the quarter respectively, driving producers to boost output and

BP to keep betting on lower carbon, more economical offshore oil output-oil and gas 360

BP to keep betting on lower carbon, more economical offshore oil output

Investing HOUSTON – British oil major BP (LON:BP) will continue betting on “lower carbon, more economical” offshore oil and gas exploration and production, a company executive said on Monday, warning that lack of investment could lead to global oil scarcity. Offshore operations allow better control of emissions, especially in the U.S. Gulf of Mexico, said Starlee Sykes, BP’s Senior Vice

OPEC oil output in April barely rises as African outages weigh-survey- oil and gas 360

OPEC oil output in April barely rises as African outages weigh-survey

Reuters The increase in OPEC’s oil output in April undershot the rise planned under a deal with allies, a Reuters survey found, as declines in Libya and Nigeria offset supply increases by Saudi Arabia and other top producers. The Organization of the Petroleum Exporting Countries (OPEC) pumped 28.58 million barrels per day (bpd) in April, the survey found, up 40,000

Oil falls on China growth worries as EU weighs Russian crude ban- oil and gas 360

Oil falls on China growth worries as EU weighs Russian crude ban

CNBC Oil prices fell on Monday as concerns over weak economic growth in China, the world’s top oil importer, overshadowed fears supply might be crimped by a potential European Union ban on Russian crude. Brent crude futures were down $3.23, or 3%, to $103.91 a barrel, while U.S. West Texas Intermediate (WTI) crude futures fell $3.41, or 3.2%, to $101.28 a barrel.