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Tag: oil
Oil Prices Soar to Near 14-month High as OPEC+ Extends Output Cuts
2021-03-05 11:20:00| OGI
Both Brent and WTI contracts surged more than 4% on March 5 after OPEC and allies, together called OPEC+, extended oil output cuts into April, granting small exemptions to Russia and Kazakhstan.
Aramco CEO Amin Nasser Fears of Jobless Recovery for Oil Sector
2021-03-05 10:00:00| OGI
The CEOs of oil giants Chevron and Saudi Aramco are optimistic about the future of oil and gas. Their biggest worry, however, is the return of jobs to the oil sector in the long-term.
Oil Production in Permian Basin Could Fall Due to Bidens Policies: Dallas Fed Report
2021-03-04 22:15:00| OGI
The Dallas Fed report also cautioned that oil refineries and chemical facilities on the Gulf Coast would need to adapt to losing barrels from the Permian Basin due to possible policy changes on federal lands made by Biden.
Tags: report
due
fall
production
OPEC+ Broadly Extends Oil Supply Cuts into April
2021-03-04 18:25:00| OGI
OPECs leader Saudi Arabia said it would extend its voluntary oil output cut of 1 million bbl/d, and would decide in coming months when to gradually phase it out.
Porter to Target Big Oil as House Natural Resources Chair
2021-03-04 15:59:49| OGI
Congresswoman wants to increase royalty rate to 18.75%, and minimum lease auction bids to $5 per acre.
Tags: house
big
resources
natural
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