Sunday, February 23, 2025
Oil output inches up at top US shale firms, with faster growth elusive- oil and gas 360

Oil output inches up at top US shale firms, with faster growth elusive

Nasdaq HOUSTON – Top U.S. shale oil producers are raising output by pulling more from each well but lack the level of activity to add significant new volumes, a Reuters analysis of investor forecasts showed. The companies that a decade ago upended global oil and gas markets and turned the U.S. into an oil-export powerhouse in recent years have been

US oil refiners to defy heat, run plants at mid-90% of capacity- oil and gas 360

US oil refiners to defy heat, run plants at mid-90% of capacity

Nasdaq HOUSTON – Top U.S. oil refiners will run their plants this quarter at up to 95% of their combined 17.9 million barrel-per-day capacity, according to executives and analysts, defying this summer’s extreme heat to pump out more fuels. The refining industry has been running at above 90% of capacity for more than a year on strong gasoline and diesel

Oil hits new highs as tighter supply offsets China demand concern- oil and gas 360

Oil hits new highs as tighter supply offsets China demand concern

CNBC Oil hit new peaks on Wednesday with Brent crude touching the highest price since April, as tighter supply owing to Saudi and Russian output cuts offset concerns over slow demand from China and a report showing rising U.S. crude inventories. Top exporter Saudi Arabia last week extended its voluntary production cut of 1 million barrels per day for another month to

NuVista Energy Ltd. logo

NuVista Energy Ltd. announces record production and positive second quarter 2023 financial and operating results

BOE Report Publisher’s Note: NuVista Energy will be presenting at EnerCom Denver- The Energy Investment Conference next week on Tuesday August 15, 2023. You can still register to attend and qualified investors can still schedule one-on-one meetings with the management team.    CALGARY, Alberta, Aug. 09, 2023 (GLOBE NEWSWIRE) — NuVista Energy Ltd. (“NuVista” or the “Company”) (TSX:NVA) is pleased to announce

U.S. crude oil inventories increase by 0.5 million barrels- oil and gas 360

U.S. crude oil inventories increase by 5.9 million barrels

Weekly Crude Oil Storage as of August 4, 2023     U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 5.9 million barrels from the previous week.  At 445.6 million barrels, U.S. crude oil inventories are slightly below the five year average for this time of year, according to the EIA crude oil and petroleum