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Oil Hits $70 Marking Two-month High as Europe, US Reopen Economies

2021-05-18 11:15:00| OGI

The latest gain to $70 brings Brents rally this year to 35%, supported by supply cuts by OPEC and allies. This could lead to a further advance, some analysts said.

Tags: high europe hits oil

 

EIA Forecasts US Shale Oil Output to Climb in June

2021-05-17 20:51:43| OGI

The biggest increase is set to come from the Permian Basin, where output is expected to rise by 54,000 bbl/d to about 4.59 million bbl/d.

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Whats Affecting Oil Prices This Week? (May 17, 2021)

2021-05-17 19:00:00| OGI

Could oil prices go to $100? In its latest forecast, Stratas Advisors notes what factors to watch over the next week that could send commodity prices upward.

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Irans Petropars to Develop Farzad B Gas Field, Oil Minister Says

2021-05-17 15:09:22| OGI

Under the deal, the subsidiary of state-run National Iranian Oil Co. (NIOC) will produce 1 billion cubic feet of gas per day (Bcf/d) within five years from the field.

Tags: field says develop gas

 

Oil Chem Owner Gets One Year for Dumping Leachate in Flint Sewers

2021-05-17 13:33:00| Waste Age

Robert Massey, owner of Oil Chem Inc, has been sentenced to one year in prison for dumping 47 million gallons of leachate in Flint, Mich. sewers. Over an eight year period, Massey directed workers to drain leachate from a tank into a sanitary s

Tags: year owner oil chem

 

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