by admin | May 3, 2024 | Crude Oil
Crude oil prices went lower today after the U.S. Energy Information Administration reported an inventory increase of 7.3 million barrels for the week to April 26.This compared with a substantial draw of 6.4 million barrels for the previous week that pushed prices...
by admin | May 3, 2024 | Crude Oil
Permian producers are not shutting in oil wells with associated natural gas despite the fact that the Texas regional gas price has been stuck at below-zero levels since early March.Major pipeline operators in the Permian basin haven’t yet seen any effect of the...
by admin | May 2, 2024 | Crude Oil
Energy markets have kicked off the new month on the back foot, with oil prices sliding 3% in Wednesday’s intraday session following a surprise U.S. inventory build amid lingering uncertainty about future oil demand growth. Weekly data by the Energy Information...
by admin | May 1, 2024 | Crude Oil
Profits at ExxonMobil and Chevron have dropped compared to the record-highs of the past two years, but the U.S. supermajors are doubling down on oil production from the two most prolific growth basins, the Permian shale patch and a top-performing block offshore...
by admin | Apr 30, 2024 | Crude Oil
Reports on what authors like to call the end of the oil era were a frequent reading some 20 years ago. At the time, the focus was peak supply and the consequent need to find alternatives to the fuel that powers the world.Now, 20 years later, there is once again a...
by admin | Apr 29, 2024 | Crude Oil
The UN is this week discussing the future of plastic—or so it would seem on the surface. The UN Global Plastics Treaty negotiations aim to curb plastic pollution by essentially curbing the use of plastics globally. And they look set to fail.The goal is certainly...
