(Oil & Gas 360) – Last Week Helping Those Fearful Of Mankind’s-Carbon-Dioxide And Natural Gas & Oil Bearish Remain So, Have Those Of Us Bullish Set To Be Rewarded. The last two weeks nicely mild are keeping most unaware that natural gas inventory has changed from being 184 Bcf more than the year before and 284 Bcf more than the five-year
(Investing) – Tuesday at the India Energy Week conference, OPEC Secretary General Haitham Al Ghais emphasized the organization’s commitment to long-term market stability over political considerations. This stance comes in response to U.S. President Donald Trump’s calls for increased oil production to lower prices. Al Ghais stated that OPEC’s decisions are based on technical analysis of the market, focusing on supply
(Oil Price) – Elliott Investment Management is at it again, this time sinking its teeth into U.S. refiner Phillips 66 with a $2.5 billion stake and a laundry list of demands. The aggressive activist investor—best known for shaking up boardrooms and strong-arming CEOs into “unlocking value” (i.e., making changes that boost Elliott’s returns)—wants Phillips 66 to spin off its midstream business
(BOE Report) – Top oilfield services provider SLB is reorganizing certain functions within its business and continuing to reduce its workforce, according to a source familiar with the matter and an internal email seen by Reuters. As part of its reorganization, SLB will create a new performance function, led by a new chief performance officer, it said in an internal
(Oil Price) – BP (NYSE: BP) on Tuesday pledged to fundamentally reset its strategy as it booked its lowest annual and quarterly profits in years and seeks to push up its stock performance and regain investor trust. “Building on the actions taken in the past 12 months, we now plan to fundamentally reset our strategy and drive further improvements in performance,
(World Oil) – Equatorial Guinea is taking decisive steps to revitalize its upstream sector, with plans to launch a new licensing round in 2025 aimed at increasing exploration and production. With the global energy landscape evolving and production from mature fields declining, the promotion of new acreage is essential to ensuring long-term energy security and continued revenue generation for Equatorial
(Investing) – NEW YORK -Oil prices edged up for a third straight day on Tuesday as sanctions raised concerns about Russian and Iranian oil supplies, outweighing worries that escalating trade tariffs would boost prices and inflation and dampen global economic growth. Brent futures rose 86 cents, or 1.1%, to $76.73 a barrel by 11:06 a.m. EST (1606 GMT), while U.S. West Texas
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