BOE Report - Canada's Source for Oil & Gas News
WEB2 days ago · BOE Report - Canada's Source for Oil & Gas News. September 30, 2024 6:36 AM Hedge funds sold U.S. energy company stocks at the fastest pace in five years and the sector was the most sold on Goldman Sachs’ prime brokerage trading desk last week, the bank said in a note sent to clients on Friday and seen by Reuters on Monday. A short bet ...
US crude oil inventories rise as refining activity dips, EIA ...
WEB1 day ago · Crude inventories rose by 3.9 million barrels to 417 million barrels in the week ended Sept. 27, the EIA said. Crude stocks at the Cushing, Oklahoma, delivery hub rose by 840,000 barrels. “As we descend into seasonal refinery maintenance, a chunky drop in refining activity has ushered in a build to crude inventories,” said Matt Smith ...
Brent oil traders use little known rule to reroute US cargoes
WEB2 days ago · October 1, 2024 5:04 AM Reuters 0 Comments. Big energy merchants trading oil cargoes that form the basis of the Brent benchmark have used an obscure clause to reroute U.S. shipments from Europe, in a practice that raises doubts over whether reforms to the crude price marker have succeeded. Brent, the most significant benchmark across …
US buys 6 million barrels of oil for Strategic Petroleum ...
WEB3 days ago · The U.S. has bought 6 million barrels of oil for the Strategic Petroleum Reserve for delivery through May of 2025, the Department of Energy said on Monday. The purchases are part of an effort to replenish after President Joe Biden ordered the largest ever sale from the reserve in 2022 of 180 million barrels in an effort to control fuel prices ...
US oil demand grew to highest seasonal level since 2019 in ...
WEB3 days ago · Latest Headlines. U.S. oil demand rose 1.2% month-over-month to 20.48 million barrels per day (bpd) in July, the highest level of consumption for that month since 2019, data from the U.S. Energy Information Administration showed on Monday. U.S. oil production fell for the second time in three months, declining by 25,000 bpd in July from …
TotalEnergies to highlight its low-cost oil, long-term LNG ...
WEB2 days ago · PARIS, Oct 1 – Fresh off a flight from Suriname, TotalEnergies ’ CEO is expected to tell investors in New York on Wednesday that the energy giant can maintain returns through 2030 despite falling prices, thanks to low-cost oil projects like its most recent in the South American country. Patrick Pouyanne has also promised to provide an ...
Oil production in US Gulf of Mexico recovers post Hurricane ...
WEB3 days ago · Only 3% of crude oil and 1% of natural gas production in the Gulf of Mexico remained shut down in the aftermath of Hurricane Helene, the U.S. Bureau of Safety and Environmental Enforcement (BSEE) said on Sunday. Currently, energy producers are left with 59,000 barrels per day of oil production and nearly 17 million cubic.