Latest News for: Crude oil production

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US energy production saw steepest drop on record in 2020

Russia Today 07 May 2021
In 2020, US crude oil production averaged 11.3 million bpd, dropping by 935,000 bpd—or 8%—compared to the record-high annual average of 12.2 million bpd in 2019. Less than two months after American crude oil production reached a peak of 12.8 million bpd in January ...
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Petrol, diesel prices maintain rally, rise again by 28-31 paise/ltr

Sify 07 May 2021
IANS had reported earlier that OMCs may begin increasing the retail price of petrol and diesel post state elections as they were incurring losses to the tune of Rs 2-3 per litre by holding the price line despite higher global crude and product prices. The oil companies had already increased the ATF prices by 6.7 per cent effective this month.
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Why Exxon And Chevron Are Not Going All-Out In The Permian

Oil Price 07 May 2021
Their crude oil production targets in the Permian remain unchanged… .
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Ringgit slightly lower versus greenback on cautious sentiment

Malaysian National News Agency 07 May 2021
SPI Asset Management global managing partner Stephen Innes said the decline in oil price due to profit-taking after the increase in US oil product stocks also influenced the local note performance ... At the time of writing, crude oil was trading at US$68.41 per barrel, down by 0.80 per cent.
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Gujarat: In pandemic year, SEZs see 19% dip in exports

The Times of India 07 May 2021
According to zone-wise data collected by EPCES, Gujarat zone saw export of manufacturing-related products decrease from Rs 1.56 lakh crore in fiscal 2020 to Rs 1.25 lakh crore in fiscal 2021 ... Reduction in price of petroleum products, mainly crude oil, impacted exports of petroleum products in 2020, said people in the know.
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Guj: In pandemic yr, SEZs see 19% dip in exports

The Times of India 07 May 2021
According to zone-wise data collected by EPCES, Gujarat zone saw export of manufacturing-related products decrease from Rs 1.56 lakh crore in fiscal 2020 to Rs 1.25 lakh crore in fiscal 2021 ... Reduction in price of petroleum products, mainly crude oil, impacted exports of petroleum products in 2020, said people in the know.
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EnergyColumn: U.S. petroleum stockpiles normalise after pandemic surge: Kemp

Reuters 06 May 2021
Total stocks of crude oil and refined products outside the Strategic Petroleum Reserve last week were just 17 million barrels, or 1.4%, above the pre-epidemic five-year average for 2015-2019 ... Surpluses in crude (75 million barrels) and products (101 million barrels) have shrunk ...
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EnergyBP Midstream offshore pipeline volumes rise 12%, onshore levels lag in first quarter

Reuters 06 May 2021
Overall, the amount of crude oil and refined products shipped on BP Midstream pipelines was up 8% to 1.7 million barrels per day in the three months ended March 31 compared with the fourth quarter of 2020, Jack Collins, the company's chief financial officer, said on a company earnings call.
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Shareholders Elect ALL Delek Director Nominees at 2021 Annual Meeting

Johnson City Press 06 May 2021
uncertainty related to timing and amount of future share repurchases and dividend payments; risks and uncertainties with respect to the quantities and costs of crude oil we are able to obtain and the price of the refined petroleum products we ultimately sell, including ...
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Petrol, diesel rise sharply for 2nd day

Sify 06 May 2021
IANS had written earlier that OMCs may begin increasing the retail price of petrol and diesel post state elections as they were incurring losses to the tune of Rs 2-3 per litre by holding the price line despite higher global crude and product prices. The oil companies had already increased the ATF prices by 6.7 per cent effective this month.
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Murphy Oil Corporation Announces First Quarter 2021 Results

Enid News & Eagle 06 May 2021
This includes a realized after-tax loss on crude oil derivative contracts of $48 million ... These non-GAAP financial measures are broadly used to value and compare companies in the crude oil and natural gas industry ... Mark-to-market loss (gain) on crude oil derivative contracts ... Mark-to-market loss (gain) on crude oil derivative contracts.
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Fuel prices rise again sharply for third straight day

Sify 06 May 2021
IANS had written earlier that OMCs may begin increasing the retail price of petrol and diesel post state elections as they were incurring losses to the tune of Rs 2-3 per litre by holding the price line despite higher global crude and product prices. The oil companies had already increased the ATF prices by 6.7 per cent effective this month.
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Epic shortage of lumber is causing new home prices, renovation costs to soar. When will ...

Dispatch Argus 06 May 2021
Petroleum, also known as crude oil, was found in underground reservoirs and used to make gasoline, and therefore the global price of crude oil began to directly impact the cost of gas ... It would eventually rise again, and in May 2019, the United States hit a crude oil production average of more than 12 million barrels per day.
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