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Analysis: US crude stocks climb 1.06 million barrels as refiners cut runs, imports rise

18 hours ago DieselGasoil Comments Off on Analysis: US crude stocks climb 1.06 million barrels as refiners cut runs, imports rise
New York — US crude inventories climbed 1.06 million barrels last week to 417.13 million barrels, as refiners cut runs while imports edged higher, US Energy Information Administration data showed Wednesday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The stock build was considered bearish for NYMEX crude futures, Read More

Shell, BP join collaboration studying methane emissions from natural gas

22 hours ago DieselGasoil Comments Off on Shell, BP join collaboration studying methane emissions from natural gas
9/18/2019 DES PLAINES, IL – Shell and BP recently joined the Collaboratory for Advancing Methane Science (CAMS), an industry-led consortium helping the natural gas and oil industry continue to improve its environmental performance. Working to deliver transparent data to evaluate the most effective methane emissions reduction strategies, CAMS was established by leading industry companies Cheniere, Read More

FACTBOX: Oil falls after Saudi Arabia calms market over restoring supplies

2 days ago DieselGasoil Comments Off on FACTBOX: Oil falls after Saudi Arabia calms market over restoring supplies
London — Oil prices fell Tuesday, giving back more than half of Monday’s surge, after Saudi energy minister Prince Abdulaziz bin Salman said he expects most of the country’s lost crude production to be restored within two weeks. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The fast recovery Read More

Chevron can resume Saudi-Kuwait oilfield quickly if needed: CEO

2 days ago DieselGasoil Comments Off on Chevron can resume Saudi-Kuwait oilfield quickly if needed: CEO
By Kevin Crowley on 9/17/2019 HOUSTON (Bloomberg) – Chevron could start oil production “relatively quickly” in the so-called partitioned zone between Saudi Arabia and Kuwait if required to by both nations, CEO Mike Wirth said in an interview with CNBC. The zone can produce as much as 500,000 bpd but has been shuttered for at Read More

FACTBOX: Crude prices soar as Saudi attacks expose tight global spare capacity

3 days ago DieselGasoil Comments Off on FACTBOX: Crude prices soar as Saudi attacks expose tight global spare capacity
New York — Oil prices rallied Monday as markets evaluated the fallout from the attacks on Saudi Arabia’s key Abqaiq processing facility and Khurais oil field over the weekend. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The threat of an extended supply outage from Saudi Arabia, the world’s Read More

Americas VLCC rates jump over 17% on increased activity after Saudi attacks

3 days ago DieselGasoil Comments Off on Americas VLCC rates jump over 17% on increased activity after Saudi attacks
Houston — Americas VLCC freight increased more than 17% on US Gulf Coast-loading markets Monday following the attacks on Saudi oil production infrastructure, as bullish owners took advantage of tightened availability in the Americas and a volley of freshly opened cargoes and pushed freight to match strengthened global VLCC sentiment. Not registered? Receive daily email Read More

Fallout from Saudi attacks highlights shift in ties with US

3 days ago DieselGasoil Comments Off on Fallout from Saudi attacks highlights shift in ties with US
Highlights Shale growth has flipped US-Saudi relations US imports of Saudi crude have fallen to historic lows Displaced Saudi barrels could be filled by light US crude Washington — The US-Saudi relationship may have been upended by the growth of US shale long before Saturday’s attacks on Saudi oil infrastructure, but the historic shift may Read More

Beleaguered U.S. energy shares soar after attacks on Saudi facilities

3 days ago DieselGasoil Comments Off on Beleaguered U.S. energy shares soar after attacks on Saudi facilities
(Reuters) – Shares of U.S. energy companies surged on Monday, as a jump in oil prices in the wake of attacks on Saudi Arabia’s oil facilities gave new juice to a sector that has been a chronic underperformer. FILE PHOTO: Pump jacks operate at sunset in an oil field in Midland, Texas U.S. August 22, Read More

Wall Street set to open lower after Saudi attacks; energy stocks surge

3 days ago DieselGasoil Comments Off on Wall Street set to open lower after Saudi attacks; energy stocks surge
(Reuters) – Wall Street was set to open lower on Monday as the weekend attack on Saudi Arabian oil facilities knocked out 5% of the world’s supply, sparking concerns over global economic growth and heightening tensions in the Middle East. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in Read More

Futures down after Saudi attacks spark rush for safety

3 days ago DieselGasoil Comments Off on Futures down after Saudi attacks spark rush for safety
(Reuters) – U.S. stock index futures slipped on Monday after the weekend attack on Saudi Arabian oil facilities knocked out 5% of the world’s supply, sparking concerns over global economic growth and heightening tensions in the Middle East. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, Read More