Category: Oil
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Oil inches up on Kazakhstan supply disruption
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Written by Colin Hao and and TIX (Reuters) – Brent oil prices advanced on Tuesday in addition to gains in the previous session after a drone attack on the oil pipeline pumping station in Russia, lowering the flows from Kazakhstan, but the gains were specific to the possibility of increasing…
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US drillers add oil and gas rigs for third week in a row
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Written by Scott Devavino (Reuters) – The US Energy Services Company said in its report on Friday. The number of oil and gas panels, an early indicator of future production, increased by two to 588 a week to February 14. Despite the increase in the fossil this week, Baker Hughes…
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Falcon Oil & Gas Ltd. – Operational Update on the Stimulation Campaign
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This section is Partnership Content supplied The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Breadcrumb Trail Links GlobeNewswire Author of the article: Published Feb 13, 2025 • 6 minute…
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Falcon Oil & Gas Ltd. – Operational Update on the Stimulation Campaign
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This section is Partnership Content supplied The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Breadcrumb Trail Links GlobeNewswire Author of the article: Published Feb 13, 2025 • 6 minute…
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Activist Elliott said to build stake in struggling oil major BP
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(Bloomberg) – Elliott Investment Management has built a large stake in BP PLC, according to the people familiar with the matter, as the British are struggling with the confidence of investors and reverse years of performance. Most of them read from Bloomberg People said that the activist fund seeks to…
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Oil Steadies as Trade War Concerns Vie With Pressure on Iran
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Bread path links PMN Business The oil has settled as fears that the trade war between the United States and China will harm the global growth that is running as President Donald Trump’s intensification of economic pressure on OPEC member in Iran. The author of the article: Bloomberg News Yongchang…
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Dollar and Oil Surge, Stocks Fall on Trump Tariffs: Markets Wrap
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Bread path links PMN Business The dollar increased in the early Asian and shares losses after US President Donald Trump imposed its threat to impose public fees by 25 % on Canada, Mexico and 10 % on Chinese goods from Tuesday, which sparked revenge. The author of the article: Bloomberg…
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Canadian Oil Dodges ‘Cataclysm’ With Lower Tariffs, Gulf Outlet
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(Bloomberg) – Canada’s energy correction may have a temporary disaster in the trade war with the United States, as President Donald Trump’s orders imposed crude taxes at a lower rate and perhaps allowing producers to avoid full fees on some shipments. Most of them read from Bloomberg The 10 %…
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Analysis-Trump’s oil tariffs a boost for European and Asian refiners
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Written by Robert Harvey and Georgina McCartney LONDON/Houston (Reuters) – Analysts and participants in the market told Reuters. White House officials said that Trump was 25 % on Saturday of the customs tariffs on Canadian and Mexican imports and 10 % on goods from China that start on Tuesday to…
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Factbox-US imports of Canadian and Mexican crude oil by company
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New York (Reuters) – Many US oil refineries depend heavily on imported crude because their facilities are formed to operate heavier degrees, such as those coming from Mexico and Canada. Refiner refineries are awaiting clarity and preparedness for patients with the heavy patients of US President Donald Trump on raw…
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Big Oil bleak on refining profits going into 2025
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Written by Sheila Dang and Sharma Houston-senior oil executives in oil this week did not mention a great possibility to improve over a long period of refinery profits after Chevron, Exxon and Shell have informed the fourth quarter profits, which were strongly exposed by the recession in the margins to…
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Bitcoin Outshines Gold And Oil By 10x In 5 Years As Demand For Digital Store Of Value Soars – Insights
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Bitcoin shows resilience and strength after a week of extreme volatility and indecisive market. With its stability above the critical level of $105,000, the leading cryptocurrency indicates that it is ready to continue its upward trajectory. Despite the turmoil, Bitcoin’s ability to maintain this level has boosted investor confidence, with…
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Fighting in Sudan’s civil war sets ablaze the country’s largest oil refinery, satellite photos show
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Links to the movement of mobility PMN BMN Business Article author: Associated Press John Gambril Posted on January 24, 2025 • Last update in one hour • 3 minutes read You can save this article by registering for free here. Or log in if you have an account. Article content…
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Fighting in Sudan’s civil war sets ablaze the country’s largest oil refinery, satellite photos show
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Links to the movement of mobility PMN BMN Business Article author: Associated Press John Gambril Posted on January 24, 2025 • Last update in one hour • 3 minutes read You can save this article by registering for free here. Or log in if you have an account. Article content…
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Oil rises on tighter OPEC supply, US jobs data
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Written by Ghislaine Lehr SINGAPORE (Reuters) – Oil prices rose on Wednesday as supplies from Russia and members of the Organization of the Petroleum Exporting Countries (OPEC) tightened, while data showing an unexpected increase in the number of job vacancies in the United States pointed to expanding economic activity and…
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Biden to Ban New Oil Drilling Over Vast Stretch of US Atlantic, Pacific Waters
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Breadcrumb links PMN works President Joe Biden is set to order a ban on new offshore oil and gas development across about 625 million acres of U.S. coastal land, ruling out the sale of drilling rights in Atlantic and Pacific waters as well as the eastern Gulf of Mexico. Article…
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US Chamber, oil industry sue Vermont over law requiring companies to pay for climate change damage
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Breadcrumb links PMN BMN Business Article writer: Associated Press Lisa Rathke and Michael Casey Published on January 3, 2025 • 3 minutes read You can save this article by registering for free here. Or log in if you have an account. FILE – A small tractor removes water from a…
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A race is on to clean up shorelines off Crimea after tons of oil spills from damaged Russian ships
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Breadcrumb links PMN BMN Business Article writer: Published on December 22, 2024 • 2 min read You can save this article by registering for free here. Or log in if you have an account. Article content Cleanup operations continued in the Kerch Strait near Russian-occupied Crimea on Sunday, a week…
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buy american oil or face heavy tariffs, eu told
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Donald Trump has threatened European Union member states with punitive tariffs if they fail to buy more US oil and gas, reviving the prospect of a renewed trans-Atlantic trade war. On Friday, the president-elect announced on social media: “I told the European Union that they must offset their massive deficit…