Friday, July 3, 2020

OilfieldNow

454 POSTS0 COMMENTS
https://www.oilfieldnow.com

Exxon signals 2nd quarterly loss in a row on production, refining hits

HOUSTON, July 2 (Reuters) - Exxon Mobil Corp's oil and gas producing and refining businesses will report operating losses in the second quarter, it...

Venezuela’s oil exports sank in June to 77-year low -data

July 1 (Reuters) - Venezuela's oil exports slumped in June to their lowest level since 1943 after half a dozen tankers, looking to avoid...

Sweeter, lighter, cheaper: refiners seek oil to meet rising gasoline demand

LONDON, July 2 (Reuters) - With more cars taking to the roads as coronavirus lockdowns ease, demand for lighter, sweeter oil more suitable for...

U.S. crude stockpiles drop sharply as imports fall, refining rises

July 1 (Reuters) - U.S. crude oil stockpiles dropped sharply from record highs, as refining activity picked up and imports fell, the Energy Information...

Canada’s Supreme Court dismisses appeal of long-delayed Trans Mountain oil pipeline

WINNIPEG, Manitoba/OTTAWA, July 2 (Reuters) - Canada's Supreme Court dismissed an appeal on Thursday of a lower court decision that had backed Ottawa's approval...

New North American trade deal launches under cloud of disputes, coronavirus

A modernized U.S.-Mexico-Canada trade pact took effect on Wednesday, ensuring continuity for manufacturers and agriculture, but the threat of disputes is exposing cracks in...

India to simplify gas pipeline tariff to boost demand

NEW DELHI, July 1 (Reuters) - India is simplifying its gas pipeline tariff structure to make the fuel more affordable and to attract investment...

Oil rises on signs of economic recovery, but new infections loom

LONDON, July 1 (Reuters) - Oil prices rose on Wednesday on a string of positive manufacturing data and a draw down in U.S. crude...

U.S. crude oil output falls 669,000 bpd to 12.1 million bpd in April

NEW YORK, June 30 (Reuters) - U.S. crude oil production dropped 669,000 barrels per day to 12.06 million bpd in April, the government said...

ConocoPhillips to bring back some curtailed production

June 30 (Reuters) - ConocoPhillips said on Tuesday it would bring back some of the curtailed production in July, joining a growing list of...

TOP AUTHORS

0 POSTS0 COMMENTS
302 POSTS0 COMMENTS
0 POSTS0 COMMENTS

Most Read

Wall Street sees Exxon paring asset values on weakening demand

HOUSTON, July 2 (Reuters) - Exxon Mobil Corp assets are likely overvalued in light of weak oil-demand outlook, according to Wall Street analysts, and...

Oil falls below $43 on virus fears, still heads for weekly gain

LONDON, July 3 (Reuters) - Oil fell below $43 a barrel on Friday as a resurgence of coronavirus cases raised concern that fuel demand...

Refiner Phillips 66’s return-to-work policy stirs unease as virus flares

DENVER/HOUSTON, July 3 (Reuters) - About 20 employees of U.S. oil refiner Phillips 66 tested positive at its Texas headquarters for COVID-19 in recent...

U.S. oil & gas rig count hits record low for 9th week -Baker Hughes

July 2 (Reuters) - U.S. energy firms cut the number of oil and natural gas rigs operating to a record low for a ninth...