News
Oil Trading Giant Trafigura Sees $100 Oil In Late 2022
Recovering global oil demand could send oil prices to $100 a barrel at some point at the end of 2022, despite COVID challenges to demand this coming winter, according to one of the world’s largest independent oil traders, Trafigura.
The World’s Largest Oil Hedge Is More Secretive Than Ever
Mexico has started hedging its 2022 oil production in the world’s most notorious and largest oil hedge, Bloomberg has reported, citing unnamed sources in the know.
Bank Of America Sees $120 Oil By June 2022
The Brent crude benchmark will hit $120 per barrel by the end of June 2022, Bank of America said in a research note this week, cited by Bloomberg.
Climate Change Is Threatening 40% Of All Global Oil And Gas
Extreme weather events resulting from the changing climate are threatening some 40 percent of the world’s recoverable oil and gas reserves,.
Oil demand back to pre-COVID-19 levels outside aviation
Global demand for oil products has seen strong recovery this year, however, depressed kerosene demand from the aviation sector is a major barrier to full recovery, says GlobalData, a data and analytics company.
Oil Prices Jump Over 3% Ahead Of Inventory Data
At 11:54 a.m. EST, WTI was trading up $3.04 (+3.89%) per barrel at $81.27. The Brent crude oil benchmark was trading up $2.76 (+3.41%) per barrel at $83.63 for the highest level this year.
Oil Prices Move Higher On Small Crude Inventory Build
Crude oil prices rose today after the U.S. Energy Information Administration reported a modest inventory build of 500,000 barrels for the week to January 14.
Oil Prices Will Hit $100 And Stay There – Vitol CEO?
Oil prices have higher to go, and they will stay there for an extended period of time, says the chief executive of Vitol, Russell Hardy.
Oil Prices Top $111 As Biden’s SPR Buyback Plan Leaks
The Biden Administration will purchase 60 million barrels of crude in Q3. CNN: Delivery of those first 60 million barrels would be paid for with revenue received from sales of emergency oil.
Weekly Rig Counts from Baker Hughes
Baker Hughes has issued the rotary rig counts as a service to the petroleum industry since 1944, when Baker Hughes Tool Company began weekly counts of U.S.
Little Tips When Your Clients Ask for Stainless Steel Connec
For many times clients sent us requirements like the following. #API16D BOP Hose, 3/4in, W.P. 5000psi,
Safety Must Come First When It Comes to Oilfield Tools
As we all know, it is danger when there is fire, and way much danger when the fire is on the rig site. Here is one fire drill for one Blowout Preventer accident. Safety must come first when it comes to oilfield tools.