Downstream

U.S., Allies Discuss 60 Million-Barrel Oil-Reserve Release

This post was originally published on this siteMar 1, 2022 (Bloomberg) The U.S. and its allies are discussing a coordinated release of about 60 million barrels of oil from their emergency stockpiles after Russia’s invasion of Ukraine pushed crude prices above $100. The deliberations are currently focused on a release of 30 million barrels from the U.S. Strategic …

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Putin Talks Ukraine, Oil Stability With UAE Leader Before OPEC+

This post was originally published on this siteMar 1, 2022 (Bloomberg) Russia’s President Vladimir Putin spoke to the United Arab Emirates’ de facto leader about Ukraine and the need for continued coordination over OPEC+, as oil prices surge. Putin and Abu Dhabi Crown Prince Mohammed bin Zayed talked about “supporting stability in the global energy market,” according …

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Putin Talks Ukraine, Oil Stability With UAE Leader Before OPEC+

This post was originally published on this siteMar 1, 2022 (Bloomberg) Russia’s President Vladimir Putin spoke to the United Arab Emirates’ de facto leader about Ukraine and the need for continued coordination over OPEC+, as oil prices surge. Putin and Abu Dhabi Crown Prince Mohammed bin Zayed talked about “supporting stability in the global energy market,” according …

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Oil Surges as European Union Seeks More Sanctions on Russia

This post was originally published on this siteMar 1, 2022 (Bloomberg) Oil pushed higher as the Russian invasion of Ukraine continued to ripple through the market, with the possible extension of sanctions offsetting the potential release of emergency reserves by some countries. Futures in London jumped by more than $5 a barrel. The European Union is …

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Oil Storms Above $100 as European Union Seeks More Sanctions on Russia

This post was originally published on this siteMar 1, 2022 (Bloomberg) Oil pushed higher as the Russian invasion of Ukraine continued to ripple through the market, with the possible extension of sanctions offsetting the potential release of emergency reserves by some countries.Futures in London jumped by more than $5 a barrel. The European Union is discussing …

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Oil Storms Above $100 as European Union Seeks More Sanctions on Russia

This post was originally published on this siteMar 1, 2022 (Bloomberg) Oil pushed higher as the Russian invasion of Ukraine continued to ripple through the market, with the possible extension of sanctions offsetting the potential release of emergency reserves by some countries.Futures in London jumped by more than $5 a barrel. The European Union is discussing …

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Shunned Russian Oil May Be Grabbed by Hungry Chinese Buyers

This post was originally published on this siteMar 1, 2022 (Bloomberg) Chinese companies are expected to scoop up discounted Russian oil should sanctions deter other buyers, traders said, potentially repeating a pattern seen when Iran and Venezuela were hit by U.S. curbs.Importers in the top oil user are likely to take advantage of the opportunity to …

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Gazprom Paves Way to New China Gas Deal as Sanctions Hit Russia

This post was originally published on this siteFeb 28, 2022 (Bloomberg) Gazprom PJSC took a new step toward potentially its biggest-ever natural gas supply deal with China as nations around the world sever economic and political ties with Russia over the country’s invasion of Ukraine.The Russian gas giant signed a contract to design the Soyuz Vostok …

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Battalion Oil Corporation Provides Operational Update, Releases Preliminary 2022 Guidance, and Schedules Fourth Quarter 2021 Conference Call

This post was originally published on this siteFebruary 28, 2022 Houston, Texas, Feb. 28, 2022 Battalion Oil Corporation (NYSE American: BATL, “Battalion” or the “Company”) today provided an operational update, released its preliminary 2022 capital plan and production guidance, and provided details on the timing of its fourth quarter 2021 earnings release and conference call. …

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VAALCO Energy Provides Update on Etame Field Reconfiguration and FSO Deployment

This post was originally published on this siteMarch 01, 2022 HOUSTON, March 01, 2022 (GLOBE NEWSWIRE) — VAALCO Energy Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company“) today provided an update on the Etame field reconfiguration in conjunction with the replacement of the existing Floating Production, Storage and Offloading unit (“FPSO”) with a Floating Storage …

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