The Russian accounts of Venezuelan companies, including state oil firm PDVSA, will move to the Russian Financial Corporation Bank (Rusfincorp), which is sanctioned by the United States, the RIA news Continue Reading
China and the United States appear to be inching toward a trade deal, with leaders in both countries anxious to avoid a further, politically unpopular slowdown in their economies. China Continue Reading
Supply of domestic coal is expected to tighten further as authorities in China’s northwestern province had ordered open-pit mines to shut down, market sources said Wednesday. Receive daily email alerts, Continue Reading
ExxonMobil and Chevron have sharply lifted their expectations for production in the Permian Basin, the heartland of the US shale boom, in the first half of the 2020S. In a presentation Continue Reading
Chevron Corp. and Exxon Mobil Corp. plan to significantly ramp up production in the oil field at the heart of the American fracking boom, the latest sign that the next Continue Reading
Exxon Mobil Corp on Tuesday estimated production at its top U.S. shale field would rise to 1 million barrels of oil and gas per day as early as 2024 – Continue Reading
The all-time high U.S. crude oil exports have been pushing demand and rates for very large crude carriers (VLCCs) higher since the middle of February as American exports are attractive Continue Reading
South Dakota’s governor, Kristi Noem, has proposed legislation seeking to uncover where out-of-state funds for pipeline protests come from and “cut them off at the source,” the Associated Press reports Continue Reading
Chevron sees Permian output at 900,000 boe/d by end-2023 ExxonMobil sees more than 1 million boe/d as early as 2024 Chevron US Gulf operating costs drop to half of 2014 Continue Reading
ExxonMobil and Chevron both expect their Permian output to reach around 1 million barrels per day by 2024. ExxonMobil Corp. expects its Permian production will increase to more than 1 Continue Reading
