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Published on Jun 6, 2023

Kazakhstan Seeks $16.5 Billion From Big Oil Over Project Costs

Kazakhstan will continue to seek a court ruling on its claim that it is owed as much as $16.5 billion by international oil majors for project costs in two of the biggest oilfield developments in the country in the past decade, according to Kazakhstan’s …

Source: Oil Price - Neutral
Published on Jun 6, 2023

Asian refiners to cut July Saudi oil imports after surprise price hike, output cut

SINGAPORE : Asian refiners are likely to take less oil from Saudi Arabia for July and buy more spot cargoes such as those from the United Arab Emirates after the world's top exporter unexpectedly raised prices and pledged to cut output, traders said on …

Source: Channel News Asia - Public Broadcaster
Published on Jun 6, 2023

The necessity of oil

Saudi Arabia’s decision to reduce its oil production by one million barrels a day began to have the desired effect yesterday when the price of Brent crude rose two per cent. The cuts, agreed at a seven-hour meeting of Opec, will see the biggest decline in …

Source: The Telegraph - Right-wing
Published on Jun 6, 2023

Saudi Arabia to cut oil output by 1 million barrels in bid to boost oil prices

Saudi Arabia announced on Sunday it would cut one million barrels of oil a day in July in a bid to boost sagging oil prices. The latest cuts would take Saudi oil production to the lowest level for several years as the kingdom seeks to put a floor on prices …

Source: Middle East Eye - Uncategorized
Published on Jun 6, 2023

Saudi: Additional voluntary cut in its production of crude oil.

June 6, 2023 Famagusta Gazette Middle East, On This Day 0 Saudi Energy Ministry announced on Sunday an additional voluntary cut in its production of crude oil. The reduction amounts to one million barrels per day, starting in July for a month that can be …

Source: Famagusta Gazette - Center-left
Published on Jun 6, 2023

Why is Riyadh going it alone on oil cuts?

OPEC+ energy ministers met in Vienna over the weekend, and most of the gathered nations agreed Sunday to maintain previously agreed-upon reduced oil output through the end of 2024. The United Arab Emirates won permission to boost oil production. But Saudi …

Source: The Week Magazine - Left-wing
Published on Jun 6, 2023

India's Import of Russian Oil Reached New High in May

New Delhi: The amount of cheap oil India is importing from Russia continues to increase. According to PTI, this quantity reached a record high in the month of May, and imported oil from Russia is now more than the combined oil bought from Saudi Arabia, …

Source: The Wire - Label Pending
Published on Jun 6, 2023

Oil firms to import own petrol as NNPC halts controversial crude oil swap that gained notoriety

Nigeria’s state oil firm NNPC Ltd is winding down the highly controversial and fraud-prone crude swap contracts with traders in 2016 and will now pay cash for gasoline imports, its chief executive told Reuters, adding that private companies could begin …

Source: Business Day - Neutral
Published on Jun 6, 2023

Russian Crude Flows Stay High as OPEC+ Partners Call for Clarity

Russian crude oil flows to international markets continue unabated, with no substantive sign of the output cuts that the Kremlin insists the country is making. Four-week average seaborne shipments, which smooth out some of the volatility in weekly numbers …

Source: Bloomberg - Neutral
Published on Jun 6, 2023

Asia in pole position to drive global oil demand as markets emerge from pandemic

THE signs are obvious, and even the data, to a certain extent, offers a narrative. With nearly half of the year gone, there are enough reasons to believe that Asian oil demand is set to surpass pre-pandemic levels in 2023 and contribute to the bulk of …

Source: The Star (Malaysia) - Right-wing
Published on Jun 6, 2023

Oil prices end lower, erasing gains seen after Saudi plan for production cut

Oil futures ended lower on Tuesday, with worries over the global economic outlook leading prices to give back gains seen in the wake of Saudi Arabia’s plan to further cut its production in July. Price action West Texas Intermediate crude for July delivery …

Source: MarketWatch - Neutral
Published on Jun 6, 2023

Nigeria’s bad deal with OPEC adds more pressure on Africa’s largest economy

Article Summary Saudi Arabia and the United Arab Emirates (UAE) have resolved their rift within OPEC+ by agreeing to allow additional oil supplies from Saudi Arabia to the UAE next year. As part of the agreement, African members of OPEC+ like Angola and …

Source: Nairametrics - Neutral
Published on Jun 6, 2023

Oil markets await full impact of Saudi cut

The feedback from the markets? It’s too early to say when a decisive blow will be delivered by the Saudi decision against oil market’s short-sellers, who are betting that oil still has some way to drop. Right now, since the Saudi and OPEC+’s decision on …

Source: Gulf News - Pro-Government
Published on Jun 6, 2023

US: We'll let Saudi speak for itself in terms of decision to cut oil production

America's National Security Council Coordinator for Strategic Communications, John Kirby, said he was not aware of any prior notice given to the administration regarding Saudi Arabia's decision to cut oil production. He added that despite Riyadh…

Source: Middle East Monitor - Uncategorized
Published on Jun 6, 2023

EXPLAINER: How OPEC+ deal cuts oil supply until end of 2024

As Saudi Arabia has a track record of fully delivering on its output commitments, analysts see the deal's initial impact as lowering oil supply VIENNA, Austria – Saudi Arabia will make a deep cut to its output in July in addition to a broader OPEC+ …

Source: Rappler - Neutral
Published on Jun 6, 2023

Oil Prices Dip as Investors Cautious Over OPEC+ Decision: Brent crude falls 0.77% and WTI drops 0.87% per barrel

Introduction Oil prices fell in trading today, Tuesday, while investors are cautious in light of the assessment of the supply and demand vision after the decision of the OPEC + group. Futures for US West Texas Intermediate Oil Fall And by 09:25 Moscow time …

Source: Asume Tech - Uncategorized
Published on Jun 5, 2023

Saudi plan to cut oil production comes amid push to bolster regional standing

Comment on this story Comment Oil prices jumped Monday by more than 1 percent following Saudi Arabia’s pledge over the weekend to cut crude production — amid a flurry of moves on the world stage that build on the kingdom’s ongoing push to assert its …

Source: The Washington Post - Neutral
Published on Jun 6, 2023

Asian Buyers Scramble For Alternative Oil Supplies After Saudi Price Hike

Several buyers in Asia are looking to buy spot oil cargoes from Russia, Africa, Brazil, or the United States after the world’s top crude exporter, Saudi Arabia, unexpectedly raised its official selling prices for its crude going to Asia in July. At least …

Source: Oil Price - Neutral
Published on Jun 6, 2023

Oil Slides As Economic Worries Eclipse Saudi Output Cut — Why $80/Bbl Price Is Crucial For The Kingdom

Concerns over the global economy dragged oil prices on Tuesday afternoon Asian trade after a knee-jerk surge the day before in the aftermath of the unexpected production cut announced by Saudi Arabia. West Texas Intermediate futures maturing in July were …

Source: Benzinga - Neutral

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Published on June 6, 2023 - 00:51 GMT

Alexander Novak co-chairs the 35th ministerial meeting of OPEC and non-OPEC countries

RUSSIA, June 4 - Alexander Novak at the 35th OPEC+ ministerial meeting Deputy Prime Minister Alexander Novak co-chaired the 35th ministerial meeting of the OPEC and non-OPEC countries and the 49th meeting of the OPEC+ Joint Ministerial Monitoring …

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Published on June 5, 2023 - 09:36 GMT

Alexander Novak's statement on extending voluntary oil output cuts to 2024

RUSSIA, June 4 - Alexander Novak at the 35th OPEC+ ministerial meeting Russia will extend its voluntary cut in oil production by 500,000 barrels per day until the end of December 2024. This is a precautionary measure taken in coordination with the …

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Published on May 29, 2023 - 08:47 GMT

Gulfbrokers: The threat of an economic recession hangs over the world oil market

Gulfbrokers: The threat of an economic recession hangs over the world oil market. Miners are doing well so far DUBAI, UAE, May 29, 2023 /⁨EINPresswire.com⁩/ -- The global oil market has been looking for direction in recent months. Even at the …

Distribution channels: Business & Economy ...
Published on May 11, 2023 - 00:35 GMT

Athabasca Oil Announces 2023 First Quarter Results and Execution on its Return of Capital Commitment through Inaugural ...

CALGARY, Alberta, May 10, 2023 (GLOBE NEWSWIRE) -- Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report its first quarter results showcasing operational momentum at its cornerstone Leismer asset, continued debt reduction …

Distribution channels: Business & Economy, Energy Industry ...

Published on March 29, 2023 - 01:35 GMT

Saturn Oil & Gas Inc. Reports 2022 Year-End Results

Calgary, Alberta--(Newsfile Corp. - March 28, 2023) - Saturn Oil & Gas Inc. SOIL SMKA OILSF ("Saturn" or the "Company") is pleased to report its financial and operating results for the three and twelve months ended December 31, 2022 …

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Published on May 30, 2023 - 10:00 GMT

Gran Tierra Energy Inc. Provides Operational Update

Total Current Average Production(1) of Approximately 36,800 BOPD Second Quarter-to-Date 2023 Average Production(2) of Approximately 33,600 BOPD, Up 6% from First Quarter 2023 Achieved Acordionero Field Average Production(2) of Approximately 18,600 BOPD …

Distribution channels: Energy Industry, Media, Advertising & PR ...
Published on February 27, 2023 - 11:40 GMT

Bahrain’s Oil & Environment Minister & OPEC Secretary General Address Kingdom’s Biggest Middle East Oil & Gas Conference

BAHRAIN, February 27, 2023 /⁨EINPresswire.com⁩/ -- The first Middle East Oil, Gas & Geosciences (MEOS GEO) under the patronage of His Royal Highness, Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister of the Kingdom of …

Distribution channels: Business & Economy, Companies ...
Published on April 6, 2023 - 10:48 GMT

Shale Gas Market to Witness an Outstanding Growth during 2021 - 2030 | Allied Market Research

Shale Gas Market Expected to Reach $130.3 Billion by 2030 PORTLAND, OREGON, UNITED STATES, April 6, 2023 /⁨EINPresswire.com⁩/ -- Shale gas is a type of natural gas that is trapped within shale rock formations deep underground. It is extracted …

Distribution channels: Energy Industry, Environment ...

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Published on June 8, 2023 - 00:17 GMT

Salgenx Introduces Breakthrough in Energy Storage Tech: Saltwater Redox Flow Batteries with Ultracapacitor Electrodes

Salgenx revolutionizes energy storage with Saltwater Redox Flow Batteries using Ultracapacitor electrodes. Breakthrough technology for rapid power response. MADISON, WISCONSIN, USA, June 7, 2023 /⁨EINPresswire.com⁩/ -- Salgenx, a leading innovator …

Distribution channels: Agriculture, Farming & Forestry Industry, Banking, Finance & Investment Industry ...
Published on June 7, 2023 - 19:06 GMT

RST Roofing And Renovations Is The First Tesla Solar Roofing Certified Installer In Atlanta, Georgia

Bringing The Benefits Of Green Energy ATLANTA, GEORGIA, UNITED STATES, June 7, 2023 /⁨EINPresswire.com⁩/ -- Homeowners have long sought innovative solutions when looking to harness renewable energy sources and achieve energy independence. …

Distribution channels: Building & Construction Industry, Electronics Industry ...
Published on June 7, 2023 - 17:37 GMT

F.H. Furr Plumbing, Heating, Air Conditioning & Electrical joins the Finksburg, Md. home service market

F.H. Furr Plumbing, Heating, Air Conditioning & Electrical partners with local A Quality Heating and Air Conditioning, Inc. MANASSAS, VA, USA, June 7, 2023 /⁨EINPresswire.com⁩/ -- F.H. Furr Plumbing, Heating, Air Conditioning & Electrical …

Distribution channels: Energy Industry ...
Published on June 7, 2023 - 17:00 GMT

ROO.AI Delivers Next Generation Digital Platform For Frontline Workers

Breakthrough Visual Experience Bridges Manufacturing Frontline Skills Gap And Integrates Teams Across Production, Quality Control, and Equipment Maintenance BURLINGAME, CA, USA, June 7, 2023 /⁨EINPresswire.com⁩/ -- ROO.AI announced today the …

Distribution channels: Energy Industry, Manufacturing ...
Published on June 7, 2023 - 16:12 GMT

The Richard W. Erickson Antique and Classic Power Museum Opens for the Season

Wasatch County museum increases access to priceless collections OREM, UT, UNITED STATES, June 7, 2023 /⁨EINPresswire.com⁩/ -- The Richard W. Erickson Foundation today announces its opening date for the 2023 season. The museum opens for by- …

Distribution channels: Agriculture, Farming & Forestry Industry, Amusement, Gaming & Casino ...
Published on June 7, 2023 - 15:50 GMT

Bulk Petroleum And Chemical Storage Market Size, Share And Growth Analysis For 2023-2032

The Business Research Company’s Bulk Petroleum And Chemical Storage Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032 LONDON, GREATER LONDON, UK, June 7, 2023 /⁨EINPresswire.com⁩/ -- The Business Research Company’s …

Distribution channels: Business & Economy, Chemical Industry ...
Published on June 7, 2023 - 15:13 GMT

National Retailer to Save Hundreds of Thousands in Energy Costs Each Year with Two Massive 5 MW Rooftop Solar Arrays

A national retailer with thousands of locations and 45,000+ employees chooses Solar Energy Solutions for solar arrays at two distribution centers. ARKANSAS, UNITED STATES, June 7, 2023 /⁨EINPresswire.com⁩/ -- When a national retailer with …

Distribution channels: Energy Industry, Environment ...
Published on June 7, 2023 - 15:06 GMT

Strategic PricingTM Inspiration Marsha Lindquist Guest Speaker on “Spilling the Tea on GovCon”

Listen to Teresa Moon of Parabilis’ Spilling the Tea on Gov Con interview author of Secrets of Strategic Pricing for Government Contractors WASHINGTON, DC, UNITED STATES, June 7, 2023 /⁨EINPresswire.com⁩/ -- The Spilling the Tea on GovCon podcast, …

Distribution channels: Aviation & Aerospace Industry, Business & Economy ...
Published on June 7, 2023 - 14:16 GMT

DuraLabel Demonstrates Innovative Visual Safety Solutions at Global Energy Show in Calgary

Labeling software, printers, and pipe and duct marking products allow the energy industry to increase efficiency and productivity. BEAVERTON, OREGON, UNITED STATES, June 7, 2023 /⁨EINPresswire.com⁩/ -- DuraLabel, the industry-leading provider of …

Distribution channels: Building & Construction Industry, Conferences & Trade Fairs ...
Published on June 7, 2023 - 14:15 GMT

MICATU Electrifies its Management Team with New Vice President of Engineering

Industry Veteran Bjorn Hansson Joins Company to Accelerate Commercialization of Revolutionary Optical Sensor Platform ROCHESTER AND CORNING, NEW YORK, UNITED STATES, June 7, 2023 /⁨EINPresswire.com⁩/ -- MICATU® Incorporated, a developer and …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on June 7, 2023 - 14:00 GMT

AIMMS Unveils SC Navigator 4.0 with New Network Design & Tactical Planning Capabilities

AIMMS SC Navigator 4.0 now comes with new Network Design and Tactical Planning Capabilities and is designed to optimize strategic and tactical decision-making. HAARLEM, NORTH HOLLAND, NETHERLANDS, June 7, 2023 /⁨EINPresswire.com⁩/ -- AIMMS, the …

Distribution channels: Business & Economy, Energy Industry ...
Published on June 7, 2023 - 13:55 GMT

CybeReady Joins Gartner Peer Insights™ Customer First Program for Security Awareness Training

SANTA CLARA, CA, UNITED STATES, June 7, 2023 /⁨EINPresswire.com⁩/ -- CybeReady, a global leader in security awareness training, today announced the company has joined the Gartner Peer Insights Customer First program. The Customer First program is a …

Distribution channels: Banking, Finance & Investment Industry, Energy Industry ...
Published on June 7, 2023 - 13:55 GMT

Cable Ties Market Global Trends, Share, Growth, Opportunity and Forecast, 2021-2031

Global cable ties market size was valued at $1.4 billion in 2021, and is projected to reach $2.6 billion by 2031, growing at a CAGR of 6.4% from 2022 to 2031. PORTLAND, OREGON, UNITED STATES, June 7, 2023 /⁨EINPresswire.com⁩/ -- According to the …

Distribution channels: Electronics Industry, Energy Industry ...
Published on June 7, 2023 - 13:35 GMT

EcoRegistry and Verdana Launch Asia Pac’s First Digital Carbon Registry

EcoConsortium announced the launch of its fully operational digital carbon registry with dMRV that will revolutionalise carbon markets in Malaysia and SE Asia KUALA LUMPUR, MALAYSIA, June 7, 2023 /⁨EINPresswire.com⁩/ -- EcoConsortium, a …

Distribution channels: Agriculture, Farming & Forestry Industry, Business & Economy ...
Published on June 7, 2023 - 13:00 GMT

Carbon Credit, Oil, and Biofuel Market Data from Quantum Commodity Intelligence Now Available on the ZEMA Platform

ZE PowerGroup and Quantum Commodity Intelligence Forge Strategic Partnership Unleashing the Power of Data and Driving Innovation in Sustainable Energy RICHMOND, BRITISH COLUMBIA, CANADA, June 7, 2023 /⁨EINPresswire.com⁩/ -- As the world undergoes …

Distribution channels: Agriculture, Farming & Forestry Industry, Banking, Finance & Investment Industry ...
Published on June 7, 2023 - 12:15 GMT

M&A Company ILUS (OTC: $ILUS) Invited to Floor of the NYSE for Interview: @ILUS_INTL

ILUS International Inc. (USOTC:ILUS) is a M&A company focused on acquiring and growing companies in the public safety, industrial, defense and renewable sectors ILUS International Inc (OTC:ILUS) NEW YORK, NY , UNITED STATES, June 7, 2023 /⁨ …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on June 7, 2023 - 12:11 GMT

Solar Inverters Market worth US$ 18.2 billion by 2031 | Enertechups, echnologies Co., Ltd., Power Electronics S.L.

Solar Inverters Market worth US$ 18.2 billion by 2031 | Enertechups , GoodWe , echnologies Co., Ltd., Power Electronics S.L. , Sineng Electric 16192, COASTAL HIGHWAY, LEWES DE 19958, USA, June 7, 2023 /⁨EINPresswire.com⁩/ -- The global Solar …

Distribution channels: Energy Industry ...
Published on June 7, 2023 - 12:01 GMT

Wozair Limited first UK business to attain F4OR, F4N and APQP4Wind

Wozair have attained Fit For Offshore Renewables (F4OR) accreditation as well as Advanced Planning Quality For Wind (APQP4Wind) status LONDON, LONDON, UNITED KINGDOM, June 7, 2023 /⁨EINPresswire.com⁩/ -- Wozair Limited first UK business to attain …

Distribution channels: Business & Economy, Energy Industry ...
Published on June 7, 2023 - 12:00 GMT

DCIM Leader Modius®, Announces New Leadership for OpenData® Ryan Scott joins Modius as Vice President, Sales.

Ryan Scott joins Modius to head Sales SAN FRANCISCO, CA, USA, June 7, 2023 /⁨EINPresswire.com⁩/ -- Modius Inc., a leading provider of Data Center Infrastructure Management (DCIM) solutions, is proud to announce a new member of our Executive Team …

Distribution channels: Banking, Finance & Investment Industry, Energy Industry ...
Published on June 7, 2023 - 23:01 GMT

Clean energy technology supply chains must get better, faster, cleaner

LONDON, June 08, 2023 (GLOBE NEWSWIRE) -- Rapidly scaling sustainable, diversified, and resilient clean energy supply chains is key to achieving net-zero targets on-time and at as low a cost as possible, according to the ETC. Its latest insights briefing, …

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