Wednesday, March 5, 2025
Exxon tells U.S. administration fuel export curbs will raise gasoline prices- oil and gas 360

Exxon tells U.S. administration fuel export curbs will raise gasoline prices

Oil Price The Biden Administration’s calls for U.S. refiners to limit their fuel exports would only lead to a more severe crunch overseas which will push crude oil prices and gasoline prices in America higher, U.S. supermajor ExxonMobil has warned. In August, amid low inventories at home, the Biden Administration urged American refiners to limit their fuel exports, according to a letter

Stakeholders getting their share after oil producers made a fortune- oil and gas 360

Stakeholders getting their share after oil producers made a fortune

World Oil (Bloomberg) — Skyrocketing oil prices have helped make oil and gas producers the best performers in the stock market this year, triggering a rapid rise in dividend payments and a bonanza of special dividends.   Now, some investors are of the mind that those fat yields are here to stay even as crude prices retreat from $100 a barrel

U.S. rig count had an increase of 1 this week, at 585- oil and gas 360

U.S. rig count had an increase of 1 this week, at 765

Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had an increase of 1 over last week, resulting in a total count of 765 rigs. Canada had a decrease of 2 over last week, resulting in a total Canadian count of 213 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Ardmore Woodford,

Alex Epstein- hydrocarbons and human flourishing “Hockey Sticks”- oil and gas 360

Alex Epstein- hydrocarbons and human flourishing “Hockey Sticks”

BOE Report It’s hard to believe New York Times bestselling author Alex Epstein founded the Center for Industrial Progress (CIP) over a decade ago.   As president of the CIP, he launched an impressive career dispelling modern myths and false prophesies related to fossil fuels and the environment and regularly delivers lectures around the world. I am sure I am not the only new

Oil falls but heads for weekly gain as OPEC+ considers output cut- oil and gas 360

Oil falls but heads for weekly gain as OPEC+ considers output cut

CNBC Oil prices were on track for their first weekly gain in five on Friday, underpinned by a weaker dollar and the possibility that OPEC+ will agree to cut crude output when it meets on Oct. 5.   Brent crude futures for November, which expire on Friday, fell 29 cents, or 0.3%, to $88.20 per barrel. The more active December contract