Two Things OPEC+ Can’t Control. Trump and China Imports: Russell
Reuters There are two factors that are largely beyond the control of OPEC+ and they are likely to determine the price of crude oil in the coming weeks. Get the…
CONFIRMED: Devon, Coterra Merge to Create U.S. Shale Giant in $58 Billion Deal
Devon, Coterra merge to create U.S. shale giant in $58 billion deal Feb 2 (Reuters) – Devon Energy and Coterra Energy on Monday decided to merge in a $58 billion all-stock deal,…
Oil Falls 5% on US-Iran De-Escalation
Summary Prices fall from multi-month highs as U.S.-Iran tensions ease Trump says Iran ‘seriously talking’ with Washington Geopolitical risks mask a bearish oil market, analysts say (Reuters) – Oil prices…
US Drillers Add Oil and Gas Rigs for Second Week in a Row, Baker Hughes Says
(Reuters) – U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since December, energy services firm Baker…
Trump Says India Will Buy Oil From Venezuela
ABOARD AIR FORCE ONE – (Reuters) – U.S. President Donald Trump on Saturday said India will buy Venezuelan oil, helping to replace some of the Russian oil that the world’s…
Union Extends talks with Marathon, Averting Strike at Refineries
Summary Strike averted on a rolling 24-hour basis, union says Union has rejected at least five Marathon proposals Last proposal would have provided 14% pay increase over four years (Reuters)…
Oil Hovers Near Six-Month High as Investors Track US-Iran Tensions
Summary Iran says defense capabilities not for discussion US issues new Iran-related sanctions Trump names Kevin Warsh for Fed chair Oil benchmarks set for highest monthly gains in since 2022…
Exxon, Chevron See Glimmer of Venezuela’s Potential, But With Long Road Ahead
Summary Exxon, Chevron cautious on Venezuela investments despite U.S. push Exxon, Chevron CEOs stress need for legal, political stability Venezuela’s political shifts may benefit Exxon, Chevron in Guyana (Reuters) –…
US Lower 48 Crude Output Down 379,000 Bpd in January on Storm Outages
U.S. crude output is expected to be down 379,000 barrels per day in the lower 48 states for the month of January, according to consultancy Rystad, as operators kept restoring…
Exxon Says It Has The Technology Needed for Venezuela’s High-Cost Crude
(Reuters) – Exxon Mobil CEO Darren Woods told analysts on Friday that the company has the technology that would be needed to produce higher cost barrels from Venezuela. While he…
