INVITATION FOR PROPOSAL
April 3, 2024
INVITATION FOR PROPOSAL Canada NewsWire CALGARY , AB , April 3, 202…
EOG Resources President Billy Helms to retire after 40-year oil and gas career
April 3, 2024
World Oil (WO) – EOG Resources, Inc. announced that Lloyd W. “Billy” Helms, Jr., EOG’s President, has made the decision to retire May 31, 2024. Billy Helms joined an EOG predecessor company in 1981 and has served in several positions of increasing responsibility in multiple EOG divisions over his career with the company. Helms joined the Houston executive management team
OPEC+ committee calls on members to compensate for overproduction
April 3, 2024
Oil Price The Joint Ministerial Monitoring Committee (JMMC), the OPEC+ panel that monitors oil market developments and the group’s production cuts, didn’t recommend on Wednesday any changes to output policy but noted that compliance with the cuts needs to improve. The JMMC held a brief regular meeting today and, as widely expected, did not recommend to the OPEC+ ministers to change the current
Biden administration cancels 3 MMbbl Strategic Oil Reserve refill as oil breaks over $85
April 3, 2024
World Oil (Bloomberg) – The Biden administration won’t move forward with its latest plans to buy oil for the Strategic Petroleum Reserve amid rising prices. The Energy Department said it was “keeping the taxpayer’s interest at the forefront” in its decision not to purchase as many as 3 MMbbl of oil for a Strategic Petroleum Reserve site in Louisiana. The
The Fed blocks stricter global ESG rules for banks
April 3, 2024
Oil Price The US Federal Reserve has blocked an attempt led by the European Central Bank (ECB) to make climate risks a pillar of global rules for banks and require them to report their strategies on meeting climate commitments, sources with knowledge of the matter have told Bloomberg. Some members of the Basel Committee on Banking Supervision (BCBS), which includes central
Iraq pumps over OPEC+ oil production target again even after lowering output
April 3, 2024
World Oil (Bloomberg) – Iraq again missed its OPEC+ oil production target in March, potentially setting itself up for added scrutiny as the alliance prepares to review the country’s plan for supply. OPEC’s second-biggest producer pumped 4.17 MMbpd last month, 30,000 bpd less than in February, according to a Bloomberg survey. While that’s Iraq’s lowest output level this year, it’s
Brent oil futures inch up near $90 as supply risks intensify
April 3, 2024
US News LONDO – Oil prices extended gains on Wednesday, as investors mulled supply risks stemming from Ukrainian attacks on Russian refineries and the potential for escalation in the Middle East conflict, while OPEC+ ministers held steady their output policy. Brent crude futures for June rose 76 cents, or about 0.9%, to $89.68 per barrel at 1346 GMT, having hit
U.S. crude oil inventories increase by 3.2 million barrels
April 3, 2024
Weekly Crude Oil Storage as of March 29, 2024 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 3.2 million barrels from the previous week. At 451.4 million barrels, U.S. crude oil inventories are 2% below the five year average for this time of year, according to the EIA crude oil and petroleum weekly storage
Deloitte Canada predicts higher Canadian crude prices in 2024
April 3, 2024
Deloitte Canada predicts higher Canadian crude prices in 2024 Canada NewsWire …
