OPEC+ Sees Production Cut Amid Oil Market Disconnect – Saudi Energy Minister
The oil futures market might be increasingly disconnected from its fundamentals due to “very thin liquidity and extreme volatility,” leading
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Oil
Saudi’s Maximum Capacity For Oil Production Is Not As Much As Previously Suggested
It very much looks like the Saudis don’t have that much room to pump extra oil, contrary to what President
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Germany Flexes, Commits To Halting Russian Coal And Oil Imports
Amid the energy security crisis and the looming probability of Nord Stream 1 pipeline being cutoff, Germany seems to be
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Oil Comes Back With A 5% Jump After The Recession-Fueled Two-Day Loss Was Outweighed By Supply Constraints
Crude oil benchmarks West Texas Intermediate and Brent saw prices gain as much as 5%, just two days after the
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Warren Buffett’s Berkshire Hathaway On The Way To A 20% Stake In Occidental
Berkshire Hathaway (NYSE: BRK.A), a conglomerate owned by Warren Buffett, recently disclosed that it acquired an additional 9.9 million Occidental
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Cathedral Energy Rallies After Announcing US$100 Million Acquisition Of US-Based Drilling Firm
Cathedral Energy Services Ltd. (TSX: CET) announced on Monday the agreement to acquire US-based directional drilling firm Altitude Energy Partners. The
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Saudi Arabia Is “Wildly Exaggerating” Its Oil Business – Analyst
The Kingdom of Saudi Arabia is now caught in a bind as the oil crisis is pushing importing states to
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Crude Oil Prices Could Reach US$380 Per Barrel Following Russia’s Potential Total Shutoff – Analysts
Oil prices could reach as high as US$380 per barrel should the sanctions war continue, which may lead to Russia
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MEG Energy Chips Off 2,000 BBLs/D From 2022 Production Guidance Due To “Electrical Event”
MEG Energy (TSX: MEG) announced late Wednesday that it is lowering its 2022 average production guidance. The oil producer now looks
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Peru Declares State Of Emergency To Face Protests After Failed Talks With Transport Group
Peru put the country’s roads under a state of emergency on Monday at midnight, deploying police and army personnel to
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