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Tag: oil
US Oil Rig Count Sees Biggest Weekly Increase Since January 2020
2021-04-01 20:05:35| OGI
U.S. oil rigs rose by 13 to 337 this week, while natural gas rigs fell one to 91.
Tags: january
increase
count
oil
OPEC+ to Gradually Ease Oil Output Cuts from May
2021-04-01 18:35:00| OGI
A few days before the April 1 meeting, OPEC+ delegates had said the group would likely keep most existing oil output cuts in place. But in the 24 hours before the meeting started, sources said discussions had shifted to a possible output increase.
Oil Exploration, Appraisal Outlook Appears Promising after Savage Year
2021-04-01 16:00:00| OGI
Analysts forecast about 65 to 80 high-impact oil and gas exploration and appraisal wells will be drilled this year after a plunge in activity in 2020.
Tags: year
appears
oil
outlook
Brazil Seeks Company to Market Oil from Massive Tupi Field
2021-04-01 15:13:48| OGI
The Petrobras-operated Tupi produced 920,000 bbl/d of crude in January, according to Brazils oil regulator, though only a small portion goes to Pre-Salt Petroleum.
Tags: company
market
field
oil
US Oil Lobby API Responds to Bidens $2 Trillion Infrastructure Plan
2021-04-01 11:00:00| OGI
U.S. President Joe Biden unveiled a $2 trillion infrastructure plan that includes hundreds of billions of dollars to boost the market for electric vehicles, renewable power and advanced clean energy technologies, while stripping away subsidies for fossil fuels.
Tags: plan
oil
infrastructure
api
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