The Slow Rebound Of Upstream Oil Investment | OilPrice.com Premium Content By Editorial Dept – May 06, 2022, 1:00 PM CDT 1. Disregarding Supply Shocks, OPEC+ Sticks to Conservative Policy OPEC+ approved another 432,000 b/d increase in production quotas for June 2022, sticking to its conservative attitude despite falling output levels from one of the...Continue Reading
Oil Prices Underpinned By Supply Jitters | OilPrice.com Premium Content By Editorial Dept – May 06, 2022, 1:00 PM CDT U.S. West Texas Intermediate crude oil futures are up over 3% for the week with most of the gains attributed to the European Commission’s decision to place an embargo on Russian crude oil. This move...Continue Reading
U.S. Rig Count Ticks Higher As Oil Prices Head For Another Weekly Gain | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Premium Content By Julianne Geiger – May 06, 2022, 12:33 PM CDT The number of total...Continue Reading
Shell’s Russia Exit Includes Plans To Sell Fuel Stations | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – May 06, 2022, 12:30 PM CDT Shell Plc is reportedly in discussions over the sale of Shell Neft, its chain of retail fuel stations in Russia, as part...Continue Reading
Following the dramatic recovery in U.S. steel production last year – a more than 18% year-on-year increase – the market is increasingly losing momentum. SourceContinue Reading
Shell Plc is in talks to sell its fuel stations in Russia as it withdraws from the country in response to the invasion of Ukraine. SourceContinue Reading
Oil Product Tankers Outperform Crude Tankers | OilPrice.com Charles Hugh Smith Charles Hugh Smith has been an independent journalist for 22 years. His weblog, www.oftwominds.com, draws two million visits a year with unique analyses of global… More Info Related News By Charles Hugh Smith – May 06, 2022, 12:00 PM CDT As U.S. diesel prices...Continue Reading
German Refinery Faces Crude Shortage As EU Sanctions Kick In | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Related News By Irina Slav – May 06, 2022, 11:30 AM CDT The PCK Schwedt refinery in Germany is facing...Continue Reading
Boris Johnson urged the oil majors BP Plc and Shell Plc to invest “massively” in renewables to shore up the U.K.’s energy security, as soaring prices squeeze household budgets. SourceContinue Reading
South Sudan is taking steps to take over the operations of international oil companies in the country to increase its share of revenue, even as production declines, according to a government official. SourceContinue Reading
