Wednesday, December 25, 2024
Hess CEO calls for refilling of U.S. Strategic Reserves to increase energy security- oil and gas 360

Hess CEO calls for refilling of U.S. Strategic Reserves to increase energy security

World Oil (WO) – During a discussion titled, “Energy security in a volatile world: The importance of markets” at CERAWeek by S&P Global in Houston, Texas, Hess Corp. CEO and namesake John Hess made an impassioned call to refill the U.S. Strategic Petroleum Reserve. Sitting down with S&P Global Sr. VP of Geopolitical and International Affairs Carlos Pascual and Xcoal

70% of passive ESG funds are exposed to new oil and gas projects- oil and gas 360

70% of passive ESG funds are exposed to new oil and gas projects

Oil Price A total of 70% of passive funds passed off as “sustainable” by five of the largest asset managers in the U.S. and Europe are exposed to companies developing new oil and gas projects, environmental organization Reclaim Finance said in a report on Wednesday, calling out asset managers for greenwashing ESG-labeled passive funds. In new research published today, Reclaim Finance has

Lancaster Resources

2024-03-20 11:42:00 ET ​Overview Lithium is essential for producin…

ConocoPhillps’ Willow project to reach first production in “four more winters;” expects modest Permian growth- oil and gas 360

ConocoPhillps’ Willow project to reach first production in “four more winters;” expects modest Permian growth

World Oil WO) – During CERAWeek by S&P Global’s second day, ConocoPhillips’ CEO Ryan Lance announced that his firm’s highly-anticipated Willow project in Alaska is making developmental headway. Sitting down with S&P Global’s Dan Yergin, Lance also discussed Biden’s controversial LNG export ban, the U.S.’ unprecedented production growth in 2023, the role of artificial intelligence, and regulatory issues plaguing the U.S.

Oil falls from highs ahead of Fed decision- oil and gas 360

Oil falls from highs ahead of Fed decision

CNBC Oil prices fell on Wednesday after hitting multi-month highs in the previous session, as investors braced for the U.S. Federal Reserve’s interest rate policy announcement later in the day. Brent crude futures for May were down $1.20 or 1.4% at $86.18 a barrel by 1425 GMT. U.S. West Texas Intermediate futures for April delivery , which expire on Wednesday’s

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

U.S. crude oil inventories decrease by 2.0 million barrels

Weekly Crude Oil Storage as of March 15, 2024 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 2.0 million barrels from the previous week.  At 445.0 million barrels, U.S. crude oil inventories are 3% below the five year average for this time of year, according to the EIA crude oil and petroleum weekly storage