BOE Report - Canada's Source for Oil & Gas News
WEB6 days ago · Q2 2024 Earnings Season Report Card – BOE Intel September 10, 2024 6:42 AM With the majority of Canadian producers having now reported their second quarter results, the time has come for another BOE Intel Earnings Season Report Card. The major story in the second quarter was natural gas pricing, …
US seeks up to 6 million barrels of oil for strategic reserve
WEB1 day ago · The U.S. is seeking to buy up to 6 million barrels of oil to help replenish the Strategic Petroleum Reserve after a historic sale from the facility in 2022, the Energy Department said on Wednesday. Reuters reported exclusively this week that the solicitation would take place on Wednesday as the administration of President Joe Biden.
Scotiabank lowers global oil demand outlook on China concerns
WEB1 day ago · September 18, 2024 6:51 AM Reuters 0 Comments. ** Brokerage Scotiabank lowers its global oil demand growth outlook to reflect economic troubles in China, the world’s top crude importer. ** Cuts global demand growth outlook for 2024 to 910,000 barrels per day from a prior view of 1.1 million barrels per day. ** …
US crude stocks fall, gasoline and distillate inventories rise – EIA
WEB1 day ago · U.S. crude stocks fell while gasoline and distillate inventories rose in the week ending September 13, the Energy Information Administration (EIA) said on Wednesday. Crude inventories fell by 1.6 million barrels to 417.5 million barrels in the week, the EIA said, compared with analysts' expectations in a Reuters poll for a 500,000-barrel draw.
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Oil prices recover, driven by supply disruption fear from hurricane
WEBSep 11, 2024 · Oil prices climbed on Wednesday, paring some of the previous day's losses, as concerns about Hurricane Francine disrupting output in the U.S., the world's biggest producer, outweighed worries about weak global demand. Brent crude futures climbed 34 cents, or 0.5%, to $69.53 a barrel by 0430 GMT while U.S. crude futures were at $66.10 a.
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BOE Report Year in Review – A recap of the biggest themes and …
WEBJan 6, 2024 · 2023 saw an impressive amount of M&A activity among Canadian E&Ps. In total, we caught wind of 35 transactions of a wide variety of deal sizes this year. Among 2023 deals with valuations available, the combined transaction considerations was almost $18 billion. The first major deal was Baytex Energy ’s February acquisition of …
U.S. crude imports touch two-year high despite lukewarm demand
WEBJun 26, 2024 · CAD/GJ. Market Data. U.S. crude oil imports last month rose to a nearly two-year high as refiners scooped up heavy crudes from Canada and Latin America to process into fuels for summer driving season. Imports of crude oil rose to 3.1 million barrels per day (bpd) in May, the highest since July 2022, data from ship tracking service.
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