USA Crude Oil Inventories Drop Almost 4MM Barrels WoW
Crude oil stocks, not including the SPR, stood at 429.3 million barrels on August 2, according to the EIA....
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North America Rig Gain Run Stretches to 11 Weeks
North America added five rigs week on week, according to Baker Hughes' latest rotary rig count....
UKOG Raises Funding for Planned Hydrogen Storage Projects
The proceeds will be directly employed to 'further specific activities required to materially advance the company's hydrogen storage projects'....
BMI Lowers Global Diesel Price Forecast
'We anticipate diesel prices to head lower in Q3 2024 before picking up in Q4 2024', BMI analysts said....
Oil Prices Continue Downtrend
'Worries about a potential U.S. recession outweighed concerns about supply disruptions from rising tensions in the Middle East'....
Chevron Moving Headquarters from Northern California to Houston
Chevron said Friday it would relocate its headquarters to Texas from California, continuing an exodus of oil companies from the state due to higher taxes,...
BofA Report Says Oil’s Bermuda Triangle Is Nearing an End
'Oil prices have been trading in a narrowing range, or a triangle pattern, for over a year now', the BofA Global Research report stated....
USA Upstream Merger Activity Hits Nearly $90B Year to Date
EIR revealed that U.S. upstream M&A activity 'notched its third consecutive quarter of heightened value with more than $30 billion transacted'....
USA Industry Body Flags Upstream Oil and Gas Employment Drop
'Operational efficiencies are driving strong production with fewer rigs, which can translate to declining industry job numbers', TXOGA's President said....
US to Drive 60 Pct of Non-OPEC Output Growth in 2024
Oil production in the United States' main oil-producing basin is poised to slow down this year but the country would still account for 60 percent...