Thursday, December 19, 2024
Saudi Aramco to continue sending oil through Red Sea amidst Houthi attacks- oil and gas 360

Saudi Aramco to continue sending oil through Red Sea amidst Houthi attacks

World Oil (Bloomberg) – Saudi Aramco, the world’s largest oil company, is continuing to send tanker loads of crude and fuels through the southern Red Sea, where Houthi militants have for months been menacing merchant ships in response to the Israel-Hamas war in Gaza. “We’re moving in the Red Sea with our oil and products cargoes,” Mohammed Al Qahtani, who

North Dakota oil production climbing back faster than anticipated- oil and gas 360- oil and gas 360

North Dakota oil production climbing back faster than anticipated

Oil Price North Dakota’s production of crude oil is returning to full force at a quicker pace than first suggested by authorities, new data from the state’s regulator showed on Friday. Crude oil production in the Peace Garden State is now down by between 30,000 and 80,000 bpd after extreme cold led to operational challenges. Associated natural gas production—the natural

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 2 this week, at 621

Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had an increase of 2 over last week, resulting in a total count of 621 rigs. Canada had a decrease of 7 over last week, resulting in a total Canadian count of 230 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Cana Woodford,

Biden pauses approval of LNG projects after pressure from climate activists- oil and gas 360

Biden pauses approval of LNG projects after pressure from climate activists

Nasdaq WASHINGTON – President Joe Biden paused approvals for pending and future applications to export liquefied natural gas from new projects on Friday, a move cheered by climate activists that could delay decisions on new plants until after the Nov. 5 election. The Department of Energy (DOE) will conduct a review during the pause that will look at the economic

OPEC+ plans to keep oil production cuts unchanged- oil and gas 360

OPEC+ plans to keep oil production cuts unchanged

Oil Price The OPEC+ group doesn’t have any plans to alter the current oil production policy and cuts when the alliance’s monitoring panel meets next week, OPEC+ delegates told Bloomberg on Friday. OPEC’s Joint Ministerial Monitoring Committee (JMMC), which takes stock of oil market developments and recommends actions to the full ministerial meetings, is scheduled to hold an online meeting on February 1. Part