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June 5, 2024

Operational efficiencies drive cost excellence for U.S. onshore drilling operations, report finds- oil and gas 360

Operational efficiencies drive cost excellence for U.S. onshore drilling operations, report finds

June 5, 2024

World Oil (WO) — Enverus Intelligence Research (EIR), a subsidiary of Enverus, has released new research that analyzes which oil and gas plays show the greatest rate of increase in drilling speeds and whether well costs correlate with drilling speeds. In addition, the report looks at how well designs are affecting drilling efficiencies. “Cost reduction efforts to improve capital efficiency

Oil eases as US crude, fuel stock builds bolster demand jitters- oil and gas 360

Venezuela representatives meet U.S. officials to discuss Citgo auction

June 5, 2024

Oil Price U.S. officials and lawmakers have recently met with Venezuelan opposition politicians and supervisors of state-owned refiner Citgo Petroleum, as Venezuela seeks to pause an ongoing court-ordered auction of shares, sources close to the discussions have told Reuters. The sale process of shares to pay creditors and claimants against Venezuela’s oil asset appropriation and debts owed by Citgo was launched by a

US may revive some shut nuclear plants to help meet emissions goal, energy chief says- oil and gas 360

US may revive some shut nuclear plants to help meet emissions goal, energy chief says

June 5, 2024

U.S. News WASHINGTON – The United States could revive some of its recently retired nuclear power plants to help meet rising demand for zero-emissions electricity, or add reactors to existing sites, Energy Secretary Jennifer Granholm said in an interview. The administration of President Joe Biden believes nuclear power is critical to meeting greenhouse gas reduction goals and decarbonizing the economy

Oil climbs as traders eye price floor despite US stockpile gain- oil and gas 360

Oil climbs as traders eye price floor despite US stockpile gain

June 5, 2024

Yahoo Finance (Bloomberg) — Oil advanced from a four-month low as traders tried to establish a price floor after several days of declines. West Texas Intermediate rose after five straight days of losses, hovering near $74 per barrel. The market had entered oversold territory as a result of OPEC+’s plan to boost supply in October. Prices edged lower earlier in

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

U.S. crude oil inventories increase by 1.2 million barrels

June 5, 2024

Weekly Crude Oil Storage as of May 31, 2024 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.2 million barrels from the previous week.  At 455.9 million barrels, U.S. crude oil inventories are 4% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,

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