Articles
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3 days ago |
rigzone.com | Andreas Exarheas
In an EBW Analytics Group report sent to Rigzone by the EBW team today, Eli Rubin, an energy analyst at the company, said the July natural gas contract “extended its rebound to $3.722 yesterday, recovering nearly the entirety of last week’s losses to close within 0.3¢ of the Friday before Memorial Day”.
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3 days ago |
rigzone.com | Andreas Exarheas
Low U.S. refined product inventories add risk to the 2025 hurricane season, an analysis sent to Rigzone recently by S&P Global warned. “Despite forecasts of a less active 2025 hurricane season, tight inventories of major refined products in the United States highlight the risk of any disruption to supply,” the analysis - which was carried out by William O’Neil, a senior analyst at S&P Global Commodity Insights, and the refining insights team at S&P Global Commodity Insights - stated.
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3 days ago |
rigzone.com | Andreas Exarheas
A release posted on the U.S. Department of Energy (DOE) website recently announced that U.S. Secretary of Energy Chris Wright had issued an emergency order “to minimize the risk of blackouts and address critical grid security issues in the Midwestern region of the United States ahead of the high electricity demand expected this summer”.
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4 days ago |
rigzone.com | Andreas Exarheas
In an oil and gas report sent to Rigzone by the Macquarie team late Monday, Macquarie strategists revealed that they are forecasting that U.S. crude inventories will be up by 0.3 million barrels for the week ending May 30. “This follows a 2.8 million barrel draw in the prior week, with the crude balance realizing significantly tighter than our expectations,” the strategists said in the report.
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4 days ago |
rigzone.com | Andreas Exarheas
A Chevron spokesperson told Rigzone that, on May 16, the company notified the Texas Workforce Commission (TWC) of its “anticipated workforce reduction of approximately 200 employees in Midland, Texas, in accordance with the WARN Act”. The spokesperson added, however, that the TWC “mistakenly reported the number of layoffs in Midland as 800 on its website”. “Chevron has reached out to the TWC to alert them to this error,” the spokesperson told Rigzone.
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https://t.co/WdCGiPKMDw Rigzone talks to several analysts. #OOTT #oilgas #energynews
How Much Oil and Gas Did ExxonMobil Produce in Q1? In its first quarter 2025 results statement, ExxonMobil revealed its oil and gas production figures for the first quarter of this year. https://t.co/Yp19qy7sZz #OOTT #oilgas #energynews
Why Is the Oil Price Rising? Rigzone talks to Tamas Varga, an analyst at PVM Oil Associates, and Rebecca Babin, a senior equity trader for CIBC Private Wealth in New York. https://t.co/gXA0cuEeKr