Oil Prices Drop Amid Broader Selloff
Oil slumped the most in two weeks.
$17B LNG Project Developer Blasts Short Sellers
In a video posted on YouTube, Charif Souki said speculators betting against the company’s stock are poised to lose.
Maersk Drilling Enters Market with New Customer
The Maersk Developer semisub will perform well intervention on four wells. PHOTO SOURCE: Maersk Drilling
Oil Trader Sees Crude in $70 to $75 Range
The CEO of the world’s biggest independent oil trader expects crude demand to come roaring back this year and next.
ExxonMobil Pitches $100B Gulf Coast CCS Hub
The project would collect emissions from industrial facilities along the Houston Ship Channel and bury them beneath the Gulf of Mexico.
BP Sets Onshore Flaring Deadline
BP’s Grand Slam facility near Orla, Texas. PHOTO SOURCE: BP America
Eni Awarded Onshore UAE Block
Eni S.p.A (NYSE: E), through its subsidiary Eni RAK, has been awarded Block 7 in the onshore of Ras Al Khaimah, United Arab Emirates.
Duterte Only Confronting China at Sea if it Drills
Philippine President Rodrigo Duterte said challenging China in the South China Sea will only lead to violence, and that he will only do so if Beijing drills for oil in the disputed waters.
USA Selling up to 9MM Barrels from Reserve
The U.S. Department of Energy intends to sell up to nine million barrels of crude oil from the Strategic Petroleum Reserve.
The Day Oil Went Subzero
Rystad Energy’s head of oil markets offers a few thoughts for the anniversary of the day oil prices turned negative.
