Sunday, 19 January 2025

Focus on OPEC+

News Release

Birchcliff Energy Ltd. Announces Q2 2024 Results, Strong Well Results and Declaration of Q3 2024 Dividend

CALGARY, Alberta, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce its Q2...

A commercial airliner takes off into an evening sky as it departs San Diego, California, U.S. May 25, 2021.   Mike Blake/REUTERS/ File Photo
AviationBusinessFuelNewsOilTransport

Slowing global jet fuel consumption adds to oil demand concern

Slowdown in consumer spending and increased aviation efficiency sees jet fuel demand softening.

FILE PHOTO: A pump jack drills oil crude from the Yates Oilfield in West Texas’s Permian Basin, as a 1.5MW GE wind turbine from the Desert Sky Wind Farm is seen in the distance, near Iraan, Texas, U.S., March 17, 2023. REUTERS/Bing Guan/File Photo
ClimateEnvironmentFuelNewsOil

US shale companies produce more crude using fewer rigs

Greater operating efficiencies in the top U.S. shale patch are squeezing out more oil without higher spending, according to the numbers.

FILE PHOTO: A general view shows an oil rig used in drilling at the Zubair oilfield in Basra, Iraq, July 5, 2022. REUTERS/Essam Al-Sudani/File Photo
BusinessFuelNewsOil

Oil tumbles on easing fears of wider Middle East war

Oil prices dipped on Tuesday after five straight sessions of gains, with OPEC moving to cut its forecast for demand growth in 2024.

News Release

Occidental Announces Launch of Secondary Offering

HOUSTON, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced the launch of an underwritten secondary public offering of 29,560,619 shares...

A view shows the logo of the Organization of the Petroleum Exporting Countries (OPEC) outside its headquarters in Vienna, Austria, May 28 , 2024. REUTERS/Leonhard Foeger/ File Photo
BusinessFinanceFuelNewsOilPoliticsTrade

OPEC cuts oil demand growth forecast, highlighting dilemma over Oct hike

OPEC on Monday cut its forecast for global oil demand growth in 2024, citing weaker than expected data for the first half of...

News Release

Targa Resources Corp. to Participate in Citi One-on-One Midstream and New Energy Infrastructure Conference

HOUSTON, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa" or the "Company") announced today that representatives from the Company...

FILE PHOTO: A 3D printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration/File Photo
AnalysisBusinessEconomyFuelIn-DepthOilPolitics

Global oil demand needs to rise faster to absorb OPEC+ hike

Global oil demand growth needs to accelerate or the market will struggle to absorb OPEC+ planned increase, analysts and industry sources say

News Release

Vital Energy Reports Second-Quarter 2024 Financial and Operating Results

Raises full-year 2024 total and oil production forecast Increases estimated sub-$50 WTI breakeven locations by ~45% TULSA, OK, Aug. 07, 2024 (GLOBE NEWSWIRE)...

FILE PHOTO: The Suncor Energy logo is seen at their head office in Calgary, Alberta, Canada, April 17, 2019. REUTERS/Chris Wattie/File Photo
BusinessFinanceFuelLiquefied Petroleum GasNewsOil

Suncor Energy beats quarterly profit estimates on robust production

Suncor Energy beat analysts' estimates for Q2 profit on Tuesday, helped by higher oil prices and a rise in oil sands production.

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