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[l] at 10/29/24 4:00pm
Oil prices edged down on Tuesday, after a 6% tumble in the previous session, on a report that Israeli Prime Minister Benjamin Netanyahu will hold a meeting for a diplomatic solution to the war in Lebanon. Brent crude futures eased 31 cents, or 0.4%, to $71.11 a barrel by 11:23 a.m. ET (1523 GMT), while ...

[Category: Oil & Companies News, Βunkerportsnews]

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[l] at 10/29/24 4:00pm
Saudi Arabia is committed to maintaining crude capacity at 12.3 million barrels per day, Energy Minister Prince Abulaziz bin Salman said on Tuesday. Speaking at the Future Investment Initiative (FII) conference in Riyadh, he said the worlds largest oil exporter would maintain its crude targets while also pursuing its climate aims. We will monetize every ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

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[l] at 10/29/24 4:00pm
US crude oil inventory builds likely extended in the week ended Oct. 25, according to an SP Global Commodity Insights survey of analysts, amid an expected downturn in refinery demand. US commercial crude stocks likely climbed 800,000 barrels to around 426.8 million barrels, analysts said, leaving stocks around 4% behind the five-year average of US ...

[Category: Oil & Companies News, Πρώτη σελιδα]

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[l] at 10/29/24 4:00pm
Asias largest oil and gas producer PetroChina Co Ltd reported a 5.3% year-on-year decline in third-quarter net profit as weaker fuel sales and lower oil prices outweighed growing gas and oil output. Net profit fell to 43.91 billion yuan ($6.15 billion), the company said in a stock filing on Tuesday. Revenue fell 12.4% to 702.4 ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα]

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[l] at 10/29/24 4:00pm
Oil giant Petrobras oil output in Brazil was down 8.2% year-on-year in the third quarter, to 2.13 million barrels per day (bpd), the state-controlled company said. Petrobras also posted a 6.5% decrease in total production in the period, to 2.69 millionbarrels of oil equivalent per day (boepd). Output from the firms pre-salt fields, an oil-rich ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα]

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[l] at 10/29/24 4:00pm
CNOOC Limited (the Counter) and 80883 (RMB Counter), SSE: 600938) today announces its operating results for the third quarter of 2024. In the first three quarters of 2024, CNOOC Limited continued to increase its reserves and production, while effectively controlling costs and enhancing efficiency. Net production and net profit rose remarkably year over year (YoY), ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα]

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[l] at 10/29/24 4:00pm
European energy majors Eni and BP have resumed onshore exploration activities in Libya after a 10-year hiatus, the countrys National Oil Corporation said, as the key sector continues to strengthen following a recent shutdown. Italian company Eni and British company BP have resumed their exploration activities in Libya after stopping drilling operations in the onshore ...

[Category: Oil & Companies News]

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[l] at 10/29/24 12:00pm
Spot premiums for Middle East crude benchmarks Oman and Dubai slumped in volatile trade towards the end of the month, while Murbans premium climbed for a second session. SINGAPORE CASH DEALS Cash Dubais premium to swaps fell 30 cents to 87 cents a barrel. Chevron will deliver one cargo of December-loading al-Shaheen and another cargo ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

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[l] at 10/29/24 12:00pm
The U.S. on Monday said it is seeking up to 3 million barrels of oil for the Strategic Petroleum Reserve for delivery through May next year, a purchase that would leave the government with little money to buy more until lawmakers approve more funds. The solicitation for the oil which would be delivered to the ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

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[l] at 10/29/24 5:00am
Oil prices inched up on Tuesday after tumbling 6% in the previous session, as a U.S. plan to buy oil for the Strategic Petroleum Reserve (SPR) provided some support though wider concerns about weaker future demand growth exerted pressure. Brent crude futures LCOc1 climbed 63 cents, or 0.88% to $72.05 a barrel by 0847 GMT, ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

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[l] at 10/29/24 5:00am
Energy – SPR refill The oil market came under significant pressure yesterday as the market digested Israel’s long-awaited response to Iran’s recent missile attack. ICE Brent settled more than 6% lower on the day leaving it at just below $72/bbl. As we mentioned yesterday, the targeted response from Israel does leave the door open for ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

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[l] at 10/29/24 5:00am
Indias appetite for oil products in the October-December quarter is set to get a boost from the upcoming festival season as well as the agricultural season, recovering from a few months of subdued consumption because of excessive monsoon rains, industry sources and analysts told SP Global Commodity Insights. Provincial elections in some states as well ...

[Category: Oil & Companies News, Πρώτη σελιδα]

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[l] at 10/29/24 5:00am
The biggest influx of liquefied natural gas, or LNG, supply is coming online and it will transform the global market, bringing about wide and enduring effects, said RBC Capital Markets. “A wave of new LNG supply —the biggest yet— is set to reshape the global market in the coming years, with broader implications than prior ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

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[l] at 10/29/24 5:00am
European natural gas storage auction prices for 2025 capacity point to potential supply risks over coming months that continue to provide support to season-ahead contract prices, tightening the next summer-winter spread significantly. Frances Storengy, the countrys largest storage operator with a technical capacity of 95.4 TWh, saw a clearing price in its Oct. 2 auction ...

[Category: Oil & Companies News, Πρώτη σελιδα]

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[l] at 10/27/24 4:00pm
Oil prices are expected to fall when trading resumes on Monday as Israels retaliatory strike on Iran over the weekend bypassed Tehrans oil and nuclear infrastructure and did not disrupt energy supplies, analysts said. Brent LCOc1 and U.S. West Texas Intermediate crude futures CLc1 gained 4% last week in volatile trade as markets priced in ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

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[l] at 10/27/24 4:00pm
U.S. energy firms kept the number of oil and natural gas rigs unchanged this week, with the count falling by two in October, energy services firm Baker Hughes said in its closely followed report. The oil and gas rig count, an early indicator of future output, held at 585 in the week to Oct. 25. ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

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[l] at 10/27/24 4:00pm
U.S. crude grades were mixed on Friday, dealers said, on the last day of the volatile roll trading period. Prices to roll U.S. crude oil positions from November to December traded at 30 cents a barrel, dealers said, up from 25 cents a barrel on Thursday. Traders use the three-day roll period to square positions ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα]

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[l] at 10/27/24 4:00pm
Indias oil demand is expected to rise by nearly 4% on-year in the December quarter due to festivals and the rabi season, ratings agency SP Global said. We forecast an annual demand increase of 50,000-55,000 barrels per day (b/d) for both gasoline and diesel in Q4 (2024), although the northeast monsoon rains may slightly impede ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα]

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[l] at 10/27/24 12:00pm
Crude production by Mexicos state oil company Pemex fell to a new multidecade low in September, the last month under the administration of former President Andres Manuel López Obrador, who invested roughly $50 billion into the company to keep it afloat during his six-year term. September gas production remained at its lowest for at least ...

[Category: Oil & Companies News, Πρώτη σελιδα]

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[l] at 10/27/24 12:00pm
European gas prices are still subject to upward pressure due to rising demand in Asia and concerns over future supply of Russian and liquefied natural gas (LNG), the CEO of Norwegian oil and gas producer Equinor said. Winter is approaching, and European demand will depend on the weather and temperature. A normal or cold winter ...

[Category: Oil & Companies News, ΒunkerportsnewsΠρώτηΣελιδα, Πρώτη σελιδα]

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[l] at 10/25/24 3:00pm
The deployment of carbon capture and storage is crucial to achieve substantial reductions in upstream emissions. CCS has the potential to reduce lifecycle emissions of upstream oil and gas assets by up to 60%, according to Vantage Upstream Enhanced Emissions datasets from SP Global Commodity Insights. This reduction is contingent upon several factors, including the ...

[Category: Oil & Companies News]

As of 10/29/24 6:13pm. Last new 10/29/24 5:16pm.

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