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Big Oil Companies Report Strong Earnings
InvestorPlace – Stock Market News, Stock Advice & Trading Tips As many of you know, I …
InvestorPlace – Stock Market News, Stock Advice & Trading Tips As many of you know, I …
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
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
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
Visiongain has published a new report entitled the Digital Oilfield 2022-2032 . It includ…
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
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
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
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
The easing of COVID-led restrictions, disruptions from Russia’s invasion of Ukraine, under…