Jordan
Blum
Hart Energy
What's Affecting Oil Prices This Week? (Sept. 30, 2024)
Based on Stratas Advisors' demand forecast, there is room for Saudi Arabia to increase supply gradually and not collapse oil prices — if there is no dramatic increase in non-OPEC supply and the other members of OPEC+ do not grossly exceed their quotas.
Energy Transfer Leads the Midstream Consolidation Flow
Energy Transfer co-CEOs discuss pipeline pain points, needed M&A, regulatory woes and much more in this Midstream Business exclusive.
Oxy CEO Takes Swing for Oil, Climate at Agitator-Disrupted Program
After a New York City event was disrupted, Occidental Petroleum President and CEO Vicki Hollub said agitators were after publicity and funding to “continue a business.”
Saudi Signals Willingness to Weaken Oil Prices, Defend Market Share
Analysts caution that reports of Saudi Arabia abandoning a philosophy of supporting prices in favor of defending market share could be a move to get OPEC+ members in line rather than to launch a costly oil war with the U.S., among others.
The Latest
Oil Prices Jump 4% on Reports of Iran Preparing to Attack Israel
An Israeli attack on Iranian oil production or export facilities could cause a material disruption, potentially more than a 1 MMbbl/d.
What's Affecting Oil Prices This Week? (Sept. 30, 2024)
Based on Stratas Advisors' demand forecast, there is room for Saudi Arabia to increase supply gradually and not collapse oil prices — if there is no dramatic increase in non-OPEC supply and the other members of OPEC+ do not grossly exceed their quotas.
Energy Transfer Leads the Midstream Consolidation Flow
Energy Transfer co-CEOs discuss pipeline pain points, needed M&A, regulatory woes and much more in this Midstream Business exclusive.
US Drillers Cut Oil, Gas Rigs for Second Week in a Row
The oil and gas rig count fell by 1 to 587 in the week to Sept. 27, the lowest since early September.
Oxy CEO Takes Swing for Oil, Climate at Agitator-Disrupted Program
After a New York City event was disrupted, Occidental Petroleum President and CEO Vicki Hollub said agitators were after publicity and funding to “continue a business.”
Saudi Signals Willingness to Weaken Oil Prices, Defend Market Share
Analysts caution that reports of Saudi Arabia abandoning a philosophy of supporting prices in favor of defending market share could be a move to get OPEC+ members in line rather than to launch a costly oil war with the U.S., among others.
Hurricane Helene Shuts in Nearly 30% of GoM Crude Production
Bumped up to hurricane classification on Sept. 25, Hurricane Helene has shut in 29% of crude and 17% of natural gas production in the Gulf of Mexico as it nears landfall in Florida tomorrow.
Dallas Fed: Low Natgas Prices Force Permian E&Ps to Curtail Output
Falling oil prices, recession fears and the U.S. election cycle are weighing on an increasingly pessimistic energy industry, according to a new survey of oil and gas executives by the Federal Reserve Bank of Dallas.
Vivakor to Acquire Endeavor Crude Transport Cos. for $120MM
Vivakor said it is buying Endeavor Crude and related companies, which have a series of long-term strategic partnerships with customers in the Permian Basin, Eagle Ford Shale and the STACK play.
China’s Stimulus Could Reignite Fuel Demand Long-term
In China’s biggest stimulus package since the COVID-19 pandemic, the government is attempting to reverse the country’s recent deflationary trend and boost fuel demand.