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Oil's Winning Streak Ends As Rising Crude Stockpiles Steal Trump's Thunder
1747292125 from OIL&GAS
… Energy Information Administration showed that crude stockpiles rose by 3. … , pointing out that "Oil is still down by around … other oil news on Wednesday, figures in OPEC's Monthly Oil … Iran, Venezuela, and Nigeria: OPEC production dropped by 62,000 …
Oil tycoon accused of working with cartels to import $466 million in illegal crude
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… company made payments for the crude oil to “businesses in Mexico that … that buys and sells crude oil at a property just … a Mexican government-owned oil company for allegedly traveling … convicted. Originally published as Oil tycoon busted at lavish Utah …
Kazakhstan’s oil output fell 3% in April but stayed above OPEC+ quota
1747288357 from OIL&GAS
… point of contention inside OPEC+, with group leader Saudi … ” its OPEC+ partners. OPEC+ has agreed to accelerate oil production hikes … weaker demand. Kazakhstan’s oil production has risen this … Chevron, are active in Kazakhstan oil projects. Source: Reuters ( …
Canada’s oil industry seeks ‘actions not rhetoric’ from new federal oil minister
1747288355 from OIL&GAS
Canada’s oil and gas industry is hoping that … stance that resulted in planned crude oil export pipelines being cancelled … priorities are to expand oil and gas infrastructure projects, eliminate emissions … 4.4%. On the natural gas front, a regulatory decision …
FG: Nigeria Attracted over $8bn in Deepwater Oil, Gas FIDs in Less Than One Year
1747280963 from OIL&GAS
… 8 billion in deepwater oil and gas Final Investment Decisions … stated. Meanwhile, Nigerian oil and gas service providers have started … Nigerian contractors – KOA Oil & Gas and AVEON Offshore. … day regardless of global oil prices. He also highlighted …
Oil and gas sector tax proposals for Federal Budget 2025-26
1747277728 from OIL&GAS
… , particularly oil and gas sector, into a recessionary circle, whereby Crude Oil prices and refinery … of energy, Oil and Gas demand continues to grow. Oil and gas sector is … witnessed some positive developments in oil and gas sector of Pakistan as …
Santa Barbara County Supervisors Vote to Phase Out Oil & Gas Production
1747275360 from OIL&GAS
… to phase out any remaining oil and gas production projects, and to … planned phasing out of oil and gas production can save Santa Barbara … ones that in a dwindling oil and gas economy?” says Laura Capps … that in a dwindling oil and gas economy where there…
Infosearch BPO’s Comprehensive Back Office Services to Support Global Businesses
1747272600 from OIL&GAS
Delivering Seamless Back-Office Support to Help Businesses Focus on Core Competencies CHENNAI, TAMIL NADU, INDIA, May 15, 2025 /EINPresswire.com/ -- Infosearch BPO, a leading provider of Business Process Outsourcing (BPO) services, is proud to …
Russia sees prospects for joint ventures with Malaysia in oil & gas, nuclear energy
1747254256 from OIL&GAS
… of natural gas and nuclear energy. “Malaysia’s oil and gas company, PETRONAS … , supplies a considerable volume of oil products and coal to the … projects in the field of gas and the peaceful use of …
Oil falls after US crude inventories rise
1747245554 from OIL&GAS
… said of Wednesday’s oil price fall. Crude oil climbs more than $1 … allied producers, known as OPEC+, has been increasing supply … however, OPEC trimmed its forecast for growth in oil supply from … other producers outside the wider OPEC+ group this year. “They …
Oil edges lower as traders watch for jump in US crude stockpiles
1747244713 from OIL&GAS
… potential jump in U.S. crude inventories, awaiting official weekly … EDT (1430 GMT). U.S. crude oil and gasoline stocks likely fell … markets Mukesh Sahdev said preventing oil price spikes over the summer … buy more Middle East crude for its Strategic Petroleum …
Capitalising on Namibia’s oil and gas boom to ensure sustainability through inclusive growth
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… transformation. With major oil and gas discoveries in the Orange … result of these significant oil and gas discoveries is massive, … risks inherent in the oil and gas sector including carbon emissions … to take advantage of oil and gas resources. Investment in …
State water quality board backs off controversial oil and gas project discharges
1747238562 from OIL&GAS
… the uses of oil and gas wastewater beyond the oil fields, after … treat and potentially reuse oil and gas wastewater. The process … health. The New Mexico oil and gas industry generates billions of … uses for oil and gas wastewater off of the oil fields. Danielle …
Ghana to stop using crude oil in power generation with new gas plant – Mahama
1747238462 from OIL&GAS
… Ghana plans to stop using crude oil to produce electricity in … gas train to handle more gas from our first field,” he said. Crude oil … mentioned that the Italian oil company ENI has restarted … development of Ghana’s oil and gas industry, saying the country …
Magnolia Oil & Gas Corporation (MGY): One of the Underperforming Stocks Targeted By Short Sellers
1747238012 from OIL&GAS
… . Is Magnolia Oil & Gas Corporation (MGY) … gas and oil company. The company develops, acquires, explores, and produces natural gas, oil … , and natural gas liquids reserves. … fundamentals. Magnolia Oil & Gas Corporation (NYSE: …
Imports from US are mainly oil, gas and services
1747235106 from OIL&GAS
… figures Imports of US natural gas have risen sharply More than … , most of which are exported. Crude oil is the most important commodity … the US: in 2023, US crude oil imports were worth 7.7 … (mln euros) Crude oil 771.8 6742.2 Natural gas 2804 4038.1 …
Business : Russia Sees Prospects For Joint Ventures With Malaysia In Oil & Gas, Nuclear Energy
1747235068 from OIL&GAS
… of natural gas and nuclear energy. “Malaysia’s oil and gas company, PETRONAS … , supplies a considerable volume of oil products and coal to the … projects in the field of gas and the peaceful use of …
US may reduce oil production because of sluggish demand and falling crude prices: S&P
1747233871 from OIL&GAS
… noted that slowing global oil demand, extreme uncertainty about … P Global Commodity Insights Global Crude Oil Markets Short-term Outlook, … found that global oil (total liquids) demand grew … President and Global Head of Crude Oil Research, S&P …
Oil and Gas sector can rejuvenate the Namibian economy
1747232583 from OIL&GAS
… development of Namibia’s oil and gas sector is expected to … particularly regarding managing natural gas byproducts and the potential ecological … the benefits of the oil and gas industry are felt throughout … lives to the offshore oil and gas industry. “From a …
After oil and gas
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… beyond drilling for more oil and gas. And the irony is … intention was always for oil and gas revenue to fuel the … development, which would ultimately replace oil and gas. Instead, we got stuck … generate the revenue that replaces oil and gas. What we require is …
US accelerates reviews of land parcels for federal oil and gas leasing
1747229222 from OIL&GAS
… (BLM) to expedite the oil and gas leasing process on public lands … sale. The BLM’s new ‘Oil and Gas Leasing – Land Use Planning … will offer parcels in an oil and gas lease sale within six …
AOG Affirms Oil and Gas as a Devt Driver
1747226252 from OIL&GAS
… Angola Oil & Gas (AOG) conference affirms the role oil and gas plays … of Mineral Resources, Oil and Gas; the National Oil, Gas and Biofuels Agency; … the Petroleum Derivatives Regulatory Institute; national oil …
Milestone Operations & Maintenance Contract Strengthens Partnership Between EthosEnergy and Raban Al Safina Group
1747224000 from OIL&GAS
BAGHDAD, IRAQ, May 14, 2025 /EINPresswire.com/ -- EthosEnergy, a global independent service provider for rotating equipment, has secured a multimillion-dollar Operations and Maintenance (O&M) contract for the Maisan Combined Cycle Power Plant, near …
Emerging trends in the global oil and gas sector
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… of the enduring role of oil and gas, which is tempering the … in focus back to traditional oil and gas production, tempering their previous … continued growth in global oil and gas demand until at least 2030 …
Oil Declines After Biggest US Crude Stockpile Gain Since March
1747216635 from OIL&GAS
… -- Oil dropped after a government report showed US crude inventories rose … Information Administration said Wednesday. “Crude futures are in a … Persian Gulf state’s oil. Oil futures have rallied from … those increases in April. OPEC and its allies added just …
Business News | US May Reduce Oil Production Because of Sluggish Demand and Falling Crude Prices: S&P
1747216121 from OIL&GAS
… further added that slowing global oil demand, extreme uncertainty about … Global Commodity Insights Global Crude Oil Markets Short-term Outlook … adds that global oil (total liquids) demand … President and Global Head of Crude Oil Research, S&P …
Egypt unveils 3 oil, natural gas discoveries in Western Desert, Gulf of Suez
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… ) achieved three new oil and natural gas discoveries in their concessions … electric logging confirming natural gas indications in the Safa … 12.5 million barrels of oil equivalent. Meanwhile, the … to enhance its natural gas production, with an expected …
Three Lines Partners with iBridge LLC to Strengthen Saudi Aviation Supply Chain
1747213200 from OIL&GAS
Leveraging Business-Centric Artificial Intelligence, Supporting Vision 2030 WASHINGTON D.C., DC, UNITED STATES, May 14, 2025 /EINPresswire.com/ -- Three Lines, the first Saudi-owned and operated company officially licensed by the General …
BURN SECURES US$5 MILLION INVESTMENT FROM ELECTRIFI TO SCALE ELECTRIC COOKING IN KENYA
1747206952 from OIL&GAS
BURN secures $5M from ElectriFI to deploy 100,000 ECOA electric stoves in Kenya, cutting fuel costs & 1.4M tons of CO₂ via IoT & PAYC tech. NAIROBI, NAIROBI, KENYA, May 14, 2025 /EINPresswire.com/ -- BURN, Africa’s leading clean …
Oil and Gas: Why the Charts Tell Me a BIG Move is Coming
1747202982 from OIL&GAS
… ’m going to have to: Oil and gas, says Steve Strazza, director … . The bears can’t bury crude oil and friends. They’ve had … would expect, the price of oil and its derivatives tend to … distribution pattern...just as heating oil is reclaiming a key level …
Oil dips as traders watch for jump in U.S. crude stockpiles
1747202588 from OIL&GAS
… potential jump in U.S. crude inventories, though prices held … lower their reciprocal tariffs. Brent crude futures fell 39 cents, … markets Mukesh Sahdev said preventing oil price spikes over the summer … buy more Middle East crude for its Strategic Petroleum …
Oil and gas drilling declines in Gulf amid market, policy pressures
1747191044 from OIL&GAS
… downward revision in oil price forecasts. The EIA forecasts Gulf crude oil production to … more vessels to work in oil and gas, especially offshore construction vessels … , aims to expand domestic oil and gas production by reversing previous drilling …
Oil falls as traders note jump in US crude stockpiles
1747185042 from OIL&GAS
By Seher Dareen LONDON (Reuters) -Oil prices fell on Wednesday as traders … the day and OPEC's monthly oil report. Brent crude futures (BZ … . EDT (1430 GMT). U.S. crude oil and gasoline stocks likely fell …
U.S. Interior Department expedites oil, gas production on public lands
1747179590 from OIL&GAS
… thanks to streamlined federal oil and gas leasing rules on public … amount available for onshore oil and gas leases, decrease the … leasing timeframes and ensure oil and gas lease sales follow … land available for responsible oil and gas development. The BLM will …
Trade Tensions, Oil Sanctions, and the Future of Middle East Oil
1747178536 from OIL&GAS
… (excluding energy products like oil, gas, and refined products) of … and spare capacity within OPEC and some continued … overproduction of the OPEC+ agreement by Kazakhstan, Russia … downturn in oil prices. First, Middle Eastern oil producers are …
Oil Bulls Balk At Surprise Crude Oil Inventory Build
1747176023 from OIL&GAS
… Institute (API) estimated that crude oil inventories in the United … So far this year, crude oil inventories are up more than … Energy (DoE) reported that crude oil inventories in the Strategic … Cushing inventories—the benchmark crude stored and traded at …
Pa. bill could pull funding from communities that restrict oil and gas activity
1747174991 from OIL&GAS
… Pennsylvania communities that restrict oil and gas activity could lose … that “unreasonably” restrict oil and gas drilling. The Pennsylvania … impacts of unconventional oil and gas drilling in hosting … hosting or neighboring natural gas development for their …
Angola offers Namibia help to build oil and gas sector
1747174492 from OIL&GAS
… Namibia in building its oil and gas sector, drawing from … capacity in the oil and gas sector, providing training … in agriculture, trade, oil and gas last week. Nandi-Ndaitwah … agriculture, energy, tourism, oil and gas, logistics and infrastructure, including …
Algeria Seeks Oil and Gas Investment
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… proven crude oil reserves, making it the third-largest in Africa. Gas Reserves … proven natural gas reserves. Oil Production. In 2023, Algeria's crude oil production … averaged about 1.18 million barrels per day. Gas …
BLACK MOUNTAIN OIL AND GAS EXPANDS FOOTPRINT IN EAGLE FORD SHALE
1747170086 from OIL&GAS
… MOUNTAIN OIL AND GAS Black Mountain Oil & Gas, headquartered … in Fort Worth, Texas, is a private oil and gas … development of unconventional oil and gas assets, globally. … infrastructure, upstream oil and gas, and viable low …
Youth to benefit from free offshore oil and gas training
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… from a new offshore oil and gas training initiative through … by international oil and gas drilling firms and multinational oil companies. … participation in Namibia’s oil and gas sector. We call … It works across the oil and gas, hydrogen, and renewable …
Good Oil Co. Buys Big Mike’s Gas N Go
1747163557 from OIL&GAS
Good Oil Co. has purchased Big Mike’s Gas N Go’s five … Mike’s Gas N Go and Good Oil Co. Good Oil Co., Winamac … finalizing the sale to Good Oil Company,” Schueler said. “We welcome … Good Oil to southwest Ohio” “Over time …
DECKER JONES WELCOMES PATRICK J. FLUECKIGER AS OF COUNSEL IN OIL & GAS PRACTICE
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… as Of Counsel, focusing on oil and gas law. Flueckiger brings a … his deep understanding of Texas oil and gas law make him a … , a renowned authority on Texas oil & gas law. Flueckiger holds a … Bar of Texas and its Oil & Gas, Estate & Trust, and …
Dana Gas increases oil and gas production in Iraqi Kurdistan
1747162853 from OIL&GAS
… sector natural gas company, announced that oil and gas production in … quarter of 2025. Dana Gas and its partner Crescent … hit 500 million barrels of oil, demonstrating the efficiency and … second-quarter revenues. The gas company said that construction on …