Yahoo Finance LONDON – OPEC will stop publishing a calculation of the world’s demand for its own crude in its monthly oil report, two sources close to the matter said, focusing instead on forecasts for demand for oil from the wider OPEC+ group. The change reflects what has become long-standing cooperation between the members of the Organization of the Petroleum
Oil Price Brazil’s environmental protection agency has required state-held oil and gas giant Petrobras to conduct a series of studies on how its plan to drill in an environmentally sensitive area offshore the mouth of the Amazon River would impact indigenous communities. In recent weeks, the agency, Ibama, has sent the requests to Petrobras, asking it to carry out studies
BOE Report CALGARY – A new survey shows nine out of 10 Canadian energy sector executives believe oil prices will remain strong for the next three to five years. The survey, conducted between April 5 and April 18 by ATB Financial, polled 80 executives representing oil and gas exploration and production companies, energy services companies and institutional investors. Ninety-one per
Oil Price Occidental Petroleum hopes it will have closed its $12-billion planned acquisition of Permian oil and gas producer CrownRock by the next quarterly earnings report at some point in August 2024, Oxy’s chief executive Vicki Hollub said on the Q1 call with analysts. At the end of last year, Oxy said it would buy CrownRock for cash and stock in a deal valued
World Oil On Day 2 (Tuesday, May 7) of OTC 2024, Andy Krieger—Senior V.P. for bp’s Gulf of Mexico (GOM) and Canadian businesses—played host for a panel on the company’s operations in the GOM at OTC 2024. Within the broader discussion of the company’s operations in the GOM, a few key topics surfaced: the potential and opportunities of the Paleogene
Natural Gas Inventories as of May 3, 2024 The EIA has released its natural gas inventory report, showing a net increase of 79 Bcf as of May 3, 2024. Working gas in storage was 2,563 Bcf as of Friday, May 3, 2024, according to EIA estimates. This represents a net increase of 79 Bcf from the previous week. Stocks were
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