Big Oil Companies Report Strong Earnings
February 3, 2023
InvestorPlace – Stock Market News, Stock Advice & Trading Tips As many of you know, I …
Oil falls as strong U.S. jobs data prompt interest rate concerns
February 3, 2023
CNBC Oil prices fell on Friday in a volatile session, after strong U.S. jobs data raised concerns about higher interest rates and as investors sought more clarity on the imminent EU embargo on Russian refined products. Brent crude futures fell $1.98, or 2.4%, to $80.19 a barrel by 12:11 p.m. EST (1711 GMT), after rising to a session high of
Biden backs scaled-down drilling plan for ConocoPhillips’ Alaska oil project
February 3, 2023
World Oil (Bloomberg) — The Biden administration telegraphed it could support a scaled-back drilling plan at ConocoPhillips’s proposed Willow project in northwest Alaska, even as it cited “substantial concerns” with the oil development and warned of further restrictions to limit its impact on wildlife and the climate. In an environmental review released Wednesday, the US Interior Department says it prefers an oil
U.S. refiners to scale back capacity utilization after record 2022
February 3, 2023
Oil Price Following record utilization last year, U.S. refiners expect to have lower capacity operating in the first quarter of this year, due to a heavy maintenance season. After operating at over 90% for most of 2022, the largest U.S. refiners now see their first-quarter utilization below 90%, and analysts expect refinery capacity utilization to be between 85% and
Global Digital Oilfield market is projected to grow at a CAGR of 9.0% By 2032: Visiongain Reports Ltd
February 3, 2023
Visiongain has published a new report entitled the Digital Oilfield 2022-2032 . It includ…
Shale earnings may show whether US oil output is set to rev up
February 3, 2023
World Oil (Bloomberg) — U.S. shale companies are set to post yet another strong set of earnings, off the back of robust oil and gas prices in the fourth quarter. But the biggest question for analysts and investors remains whether the industry’s bumper cash flow will tempt them to drill more. The focus of attention will be on operators’ production
U.S. rig count had a decrease of 12 this week, at 759
February 3, 2023
Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 12 over last week, resulting in a total count of 759 rigs. Canada had an increase of 2 over last week, resulting in a total Canadian count of 249 rigs. Breakdown by region Of the regions tracked by Baker Hughes, only the Cana
Russia sees no reason to cut its oil product output
February 3, 2023
Oil Price Russia sees no need to reduce its output of petroleum products as the EU embargo on imports of Russian fuels kicks in on February 5, Russian Energy Minister Nikolai Shulginov said on Friday. “We will analyze what the effects of the embargo will be. So far we have no reason to believe that we will see a sharp reduction in
Oil stable but heads for weekly loss awaiting China recovery signs
February 3, 2023
BOE Report Oil prices made modest gains in early trade on Friday but were heading for a second straight week of losses, as the market looked for more signs of a strong recovery in fuel demand in China to offset looming slumps in other major economies. U.S. West Texas Intermediate (WTI) crude futures gained 12 cents, or 0.16%, to $76.08
Canadian Energy Stocks: Here’s Your Best Bet in February 2023
February 3, 2023
The easing of COVID-led restrictions, disruptions from Russia’s invasion of Ukraine, under…
