Colonial Pipeline Weighs Bids for Potential $10B Sale
The Alpharetta, Ga.-based company is working with advisers as it seeks to gauge interest from potential buyers, according to sources who asked not to be named.
Matador Increases 2024 Oil Output Projection by 5%
Dallas-based Matador now plans to produce an average of 98,500 to 101,500 barrels of oil per day in 2024, a 5% increase from the company’s previous projection.
World’s Top Oil Traders See Boom Years Fade
The world’s top commodity merchants are grappling with a tougher environment for trading oil as seismic market events of the past few years start to lose their impact.
September 10, 202460 Seconds: US Oil Dominance Hinges on Quiet Corner in NM
About 100 miles east of UFO-capital Roswell, a dusty corner of New Mexico with more cattle than people is quietly buttressing the U.S.’s world #oil dominance.
August 30, 2024Oil Refiners in US Slow Down, Stoking Global Glut Worries
Some of the top U.S. oil refiners are throttling back operations at their facilities this quarter, adding to concerns that a global glut of crude is forming.
Occidental Raises Production on CrownRock Acquisition
Occidental Petroleum Corp. raised its production and capital spending plans for this year after closing its $10.8 billion acquisition of CrownRock LP earlier this month.
Brent Oil Falls Below $80 a Barrel for First Time Since June
Brent crude slumped below $80 a barrel for the first time since June 10, driven by algorithmic trading and signs of poor demand from China, the world’s top oil importer.
Permian to Buy Occidental West Texas Assets for $817.5M
Permian Resources Corp. will buy some of Occidental Petroleum Corp.’s West Texas assets for $817.5 million, it said in a statement.
Global Oil Demand Growth Slows Further as China Cools
Global oil demand growth slowed to its weakest in more than a year last quarter as the post-pandemic rebound in China fades, the International Energy Agency said.
Senators Urge Prosecution of Alleged Oil Industry Collusion
WASHINGTON — Senate Majority Leader Chuck Schumer and 22 other Democratic senators are calling on the Department of Justice to “use every tool” at its disposal to prevent and prosecute alleged collusion and price-fixing in the oil industry.