May 1, 2024

Permian producer Diamondback Energy shareholders approve $26 Endeavor Energy merger with Q4 2024 closing date

May 1, 2024

World Oil (WO) – Last week, Diamondback Energy’s shareholders voted to approve its “transformational” combination with Endeavor Energy Resources, L.P. According to a letter to shareholders, the combination will create a “must-own North American independent oil and gas company.” Additionally, the combined business will have an “unmatched depth of high-quality inventory in the core of the Midland basin,” part of

Oil prices plummet 3% on US inventory build, inflation

May 1, 2024

Oil Price U.S. crude oil prices continued to plummet on Wednesday, falling over 3% and Brent crude right behind it, shedding over 2.8% on a surprise U.S. inventory build and uncertainty about interest rate cuts and the future of oil demand growth. On Wednesday at 11:56 a.m. ET, West Texas Intermediate (WTI) was trading at $79.44, down 3.04%, losing $2.49 per barrel

TotalEnergies considers moving stock listing to New York over favorable oil and gas views in U.S.

May 1, 2024

World Oil (Bloomberg) – TotalEnergies SE is increasingly making noise about moving its stock listing to New York, adding to chatter around European giants potentially being attracted by U.S. investors’ greater enthusiasm for oil and gas companies. The French energy giant is considering the switch “in part because ESG policies in Europe have more weight,” Chief Executive Officer Patrick Pouyanne

US oil and gas production rebounds after winter storm: Kemp

May 1, 2024

BOE Report U.S. oil and gas production rebounded sharply in February after extensive disruption the previous month caused by freezing wells and other outages stemming from Winter Storm Heather in the middle of January. Nationwide crude and condensates output jumped by 0.6 million barrels per day (b/d) in February reversing a decline of 0.7 million b/d in January, according to

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

U.S. crude oil inventories increase by 7.3 million barrels

May 1, 2024

Weekly Crude Oil Storage as of April 26, 2024 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 7.3 million barrels from the previous week. At 460.9 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 data,

Permian producer Diamondback Energy shareholders approve $26 Endeavor Energy merger with Q4 2024 closing date

Oil prices plummet 3% on US inventory build, inflation

TotalEnergies considers moving stock listing to New York over favorable oil and gas views in U.S.

US oil and gas production rebounds after winter storm: Kemp

U.S. crude oil inventories increase by 7.3 million barrels

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