Strategists Predict Week on Week USA Crude Stock Drop
Macquarie strategists revealed that they are forecasting that U.S. crude inventories will be down for the week ending May 22.
Nieuws
-
-
Hafnia Posts Higher Q1 Profit
'Looking ahead, the outlook remains highly uncertain and depends largely on the duration of the disruption to traffic through the Strait of Hormuz and the time required for oil production and global refinery operations to recover'.
-
Republican Hardliner Beats Incumbent Texas Oil Regulator in Runoff Vote
Bo French defeated incumbent Texas Railroad Commissioner Jim Wright in a runoff election for the GOP nomination to sit on the Lone Star State's chief oil regulator.
-
Noble Appoints Halliburton CEO as Director
'I am delighted to welcome Jeff to Noble's Board of Directors', Noble Chairman Charles M. Sledge said.
-
Petrofac Emirates Sold to Mason-Led Consortium
Petrofac, under administration since 2025, said it had completed the divestment of its core engineering and construction business in the UAE to a consortium of financial investors led by Mason and Pearlstone Alternative.
-
Digitalization, AI in Upstream Oil, Gas is '$500B Opportunity'
Rystad Energy described digitalization and Artificial Intelligence in upstream oil and gas as 'a $500 billion opportunity'.
-
Aramco Exits Malaysian Refining, Petrochemical Complex
'Recent developments in global energy markets have underscored the importance of operational agility for energy infrastructure of strategic national significance', Malaysia's state-owned Petronas said.
-
Eni, Baleine Partners Approve Phase 3 of Ivorian Project
Phase 3 of Baleine, discovered about 5 years ago off the Atlantic coast of the West African country, will increase the field's oil production from 60,000 to 150,000 barrels per day and natural gas output from 80 to 200 million cubic feet a day.
-
Russia Weighs Fuel Export Limits as Attacks Grow
Oil companies were advised to curb sales of oil products to foreign markets following a meeting with the deputy prime minister on the domestic fuel market.
-
Brent Jumps on Renewed Iran Clash
Oil rebounded as renewed US-Iran clashes clouded hopes for a Hormuz deal.