News

Oil and Natural Gas News
Eni Raises Share Buyback to $1.7B on Strong Cash Flow
Apr 24, 2024
Eni SpA increased its planned share buyback this year to $1.7 billion due to stronger cash flow.
Oil Swings as US Stockpiles Fall Sharply
Apr 24, 2024
Oil fluctuated as traders weighed a larger-than-anticipated drop in US crude stockpiles against broader risk-off sentiment.
EU Launches Financing Coalition to Achieve Energy Efficiency Targets
Apr 24, 2024
The European Commission launched a public-private alliance to increase investment in energy efficiency projects.
Texas Oil and Gas Production Hit Record Highs
Apr 24, 2024
The Texas Railroad Commission revealed that the state set records for both oil and gas production in 2023.
KBR to Provide Green Ammonia Tech for Fortescue's Norway Project
Apr 24, 2024
KBR will provide the technology license, proprietary engineering design, and front end engineering design (FEED) support engineering services for the Holmaneset green ammonia plant.
Industry Headlines
India Grants Marine Insurance Approval for Russian Firms
Apr 25, 2024
India has granted marine insurance approval to four Russian firms.
Oil Rises on Weaker US Dollar
Apr 25, 2024
Oil erased earlier losses to top $83 a barrel as a weaker dollar boosted commodities priced in the currency.
USA Crude Oil Stocks Drop More Than 6MM Barrels WoW
Apr 25, 2024
Crude oil stocks in the U.S., not including the SPR, stood at 453.6 million barrels on April 19, according to the EIA.
European Gas Traders Are Already Worrying About Next Winter
Apr 25, 2024
Traders are getting agitated again.
USA Upstream Merger Activity Gets Off to Record Start
Apr 25, 2024
'Following last year's blockbuster $192 billion in U.S. upstream consolidation, 1Q24 would be on track to surpass that record with $51 billion in announced deals,' EIR noted.