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Tag: oil
US Oil Refiners Pick Iraqi, Canadian Crudes to Replace Storm Losses
2021-09-24 11:15:00| OGI
The loss of up to 250,000 bbl/d after Hurricane Ida has some U.S. refiners seeking replacements for fourth-quarter delivery, especially Iraqs Basra crude, traders said. Others received supplies of sour crude from U.S. storehouses.
Tags: pick
oil
replace
canadian
Little-known Producers to Drive Projected US Oil Output Recovery
2021-09-24 11:00:00| OGI
Little-known privately owned producers are set to lead the way on an expected 800,000 bbl/d increase in U.S. oil production next year.
Tags: drive
oil
output
recovery
Oil Prices Rise on Tight Supply, Renewed Risk Appetite
2021-09-23 11:35:00| OGI
Oil prices jumped 2.5% on Sept. 23 after data from the U.S. Energy Information Administration showed U.S. crude stocks in the week to Sept. 17 fell by 3.5 million barrels to 414 millionthe lowest total since October 2018.
Oil Surge Gives PE Opportunity to Exit Stranded Canadian Energy Firms
2021-09-23 11:30:00| OGI
Buyout firms have sold around $2.6 billion worth of Canadian oil and gas producers so far this year, the highest level since at least 2010, according to IHS Markit.
Tags: energy
opportunity
oil
canadian
BP Gambles Big on Fast Transition from Oil to Renewables
2021-09-23 11:25:00| OGI
BP acknowledged that its fast-growing clean-energy businessincluding its solar, EV-charging and wind venturescontinues to lose money. The company does not expect profits from those businesses until at least 2025.
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