BOE Report - Canada's Source for Oil & Gas News
6 days ago · Oil prices set for weekly gain on China stimulus optimism December 27, 2024 1:55 AM Oil prices were little changed on Friday but were set for a weekly rise amid optimism that economic stimulus efforts will prompt a recovery in China, but a stronger dollar capped gains. Brent crude futures fell 2 cents to $73.24 a barrel by 0535 GMT. U.S. West Texas Intermediate crude was at $69.61, down 1
US LNG gas demand hits record high on last day of the year
5 hours ago · U.S. natural gas demand from LNG plants hit a record on Tuesday, the last day of the year, climbing to 15.2 billion cubic feed (bcf) in a sign of a strong year ahead from the startup of two new gas-processing plants, preliminary data from financial firm LSEG showed. U.S. natural gas demand for LNG plants
US oil production rose to record high in October, EIA data shows
11 hours ago · U.S. oil production rose 260,000 barrels per day (bpd) month-over-month to a record 13.46 million bpd in October as demand surged to the highest levels since the pandemic, data from the U.S. Energy Information Administration showed on Tuesday. U.S. oil output has grown rapidly this year, even as concerns of oversupply have weighed heavily on
Oil rises on expanding Chinese factory activity, but set to end year ...
13 hours ago · Oil prices rose on Tuesday after data showed China's manufacturing activity expanded in December, but they are on track to end lower for a second consecutive year due to demand concerns in top consuming countries. Brent crude futures rose 57 cents, or 0.8%, to $74.56 a barrel as of 0730 GMT. U.S. West Texas Intermediate
US drillers keep oil and natgas rigs unchanged for third week – …
4 days ago · U.S. energy firms this week operated the same number of oil and natural gas rigs for third week in a row, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of …
Oil prices inch up on hopes for more China stimulus
5 days ago · Oil prices edged higher on Thursday in thin holiday trading, driven by hopes for additional fiscal stimulus in China, the world's biggest oil importer, while an anticipated decline in U.S. crude inventories also provided support. Brent crude futures rose 13 cents, or 0.2%, to $73.71 a barrel by 0650 GMT. U.S. West Texas Intermediate crude
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US oil output rose to record high last week, EIA data shows
Aug 7, 2024 · U.S. crude oil output rose by about 100,000 barrels per day (bpd) to a record high of 13.4 million bpd in the week ended Aug. 2, according to data from the Energy Information Administration on Wednesday. Output rose for the first time after climbing to the prior record of 13.3 million bpd in the first
US oil and gas M&A hits quarterly record after blockbuster 2023
Apr 23, 2024 · U.S. oil and gas deals hit a record $51 billion in the first quarter, a continuation of last year's fierce merger pace centered in the top U.S. shale field, data provider Enverus said on Tuesday. Energy companies have rushed to expand oil and gas drilling inventories, especially in the Permian Basin of West Texas and