Downstream

Funds sell oil as economic weakness trumps sanctions – John Kemp

This post was originally published on this sitePortfolio investors sold petroleum last week as a slowing economy in China and Europe and a massive release of strategic stocks by the United States outweighed concerns about the disruption of exports from Russia. Hedge funds and other money managers sold the equivalent of 11 million barrels in

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Analysis: U.S. strategic oil sale speeds fuel-price fix, but at what cost?

This post was originally published on this siteApril 11 (Reuters) – The Biden administration is selling a record amount of emergency oil from national reserves to tame soaring U.S. fuel prices as quickly as possible, but the plan could backfire down the road if the stockpile is not replenished quickly. President Joe Biden on March

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War Gives Oil Producers Greater Clout at COP 27 Climate Talks

This post was originally published on this siteApr 11, 2022 (Bloomberg) Oil producers have always been an easy target at the United Nations’ annual climate summits. This year, with Russia’s war in Ukraine boosting demand for fossil fuels, they’re preparing to fight back.As Western economies desperately seek alternatives to Vladimir Putin’s exports, many are working to increase

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Oil Slumps as China’s Worsening Outbreak Raises Demand Concerns

This post was originally published on this siteApr 11, 2022 (Bloomberg) Oil resumed its decline as China’s virus resurgence worsened, raising concerns about demand from the world’s biggest crude importer. West Texas Intermediate futures slid below $96 a barrel. Virus cases continue to rise in Shanghai and there is no clarity on when restrictions will be lifted. The

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VAALCO Energy Announces Successful Drilling of Avouma 3H-ST Development Well

This post was originally published on this siteApril 11, 2022 HOUSTON, April 11, 2022 (GLOBE NEWSWIRE) — VAALCO Energy Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company“) today announced the successful drilling of the Avouma 3H-ST development well that was drilled from the Avouma platform in the Etame field, offshore Gabon. Highlights Successfully drilled the

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FEATURE SERVICE: FlareTech – More Than Just Building Flare Stacks

This post was originally published on this siteServices Inspections Installation & Commissioning Preventative Maintenance and Service Rentals At FlareTech, the customer comes first. Our team is devoted to providing quality with integrity, accountability, and excellence. FlareTech’s Quality Management Program measures customers satisfaction with weekly reporting and documentation, providing the information necessary to make continual improvement

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