(Oil Price) – Last November, Exxon announced it had started drilling its first lithium well in Arkansas. At the time, an Exxon executive said, “Lithium is essential to the energy transition, and ExxonMobil has a leading role to play in paving the way for electrification.” Exxon is not the only one seeking to capitalize on the estimated considerable lithium resources
(Yahoo Finance) – Average daily volume (ADV) in U.S. natural gas futures and options on the New York Mercantile Exchange rose in September from a year earlier, data from its owner CME Group showed. For the month, futures ADV was 492,825 contracts, up 35.3% from a year ago. Futures ADV hit a monthly record of 677,112 contracts in November 2018.
(World Oil) – OPEC+ made no changes to plans to start gradually reviving oil production towards the end of the year, despite signs of an impending surplus. A statement from 23-nation the group after an online monitoring meeting on Wednesday didn’t announce any alterations. Led by Saudi Arabia and Russia, OPEC+ plans a series of monthly increases beginning with a 180,000
(Oil Price) – Chevron has resumed natural gas production and supply from two platforms offshore Israel, where output was briefly suspended as a precaution due to the Iranian missile attack on Israel on Monday. Iran yesterday fired more than 100 ballistic missiles into Israel after the United States warned Israel on Monday morning that an attack was imminent. Oil prices jumped after news
(Oil & Gas 360) – HOUSTON, Texas, Oct. 02, 2024 (GLOBE NEWSWIRE) — Prairie Operating Co. (Nasdaq: PROP) (the “Company” or “Prairie”) today announced the closing of its previously announced $84.5 million acquisition of the oil-weighted assets of Nickel Road Operating, LLC (“NRO”), a portfolio company of Vortus Investment Advisors, LLC. The NRO acquisition was funded with the proceeds from a
Weekly Crude Oil Storage as of September 27, 2024 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 3.9 million barrels from the previous week. At 416.9 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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