Page 22 - Dated Brent News Today

Hurricane Energy, the UK based oil and gas company, has provided an update on Lancaster field operations and net free cash balances as of 31 July 2022 following the lifting of the July cargo. The 30th cargo of Lancaster oil, totalling approx. 534 Mbbls, resulted in net revenue of $60 million.

Energy, metals and agriculture prices have all tumbled from their March peak on inflationary recession fears amid a slew of economic warning signs, but a commodity bust is far from inevitable, S&P Global Commodity Insights said in a ...

Middle East oil producers have raised prices of lighter crudes for August delivery, but remain somewhat cautious as fears of demand destruction continue to spook the markets

By Sherry Su (Bloomberg) A Russian court order to halt oil loadings from a port in the Black Sea has unnerved European crude traders already reeling from the tightest regional...

A Russian court order to halt oil loadings from a port in the Black Sea has unnerved European crude traders.

A Russian court order to halt oil loadings from a port in the Black Sea has unnerved European crude traders.

Despite a robust list of headwinds faced by producers, including labor shortages and weather-related disruptions, North American crude output is expected to keep climbing and is even poised to set new records.

Analysts and traders have raised serious doubts over the effectiveness of a potential price cap on Russian seaborne crude purchases in an attempt to disrupt oil revenue from one of the world’s biggest producers. Details on the proposed price cap following the 26-28 June G7 meeting in Bavaria remain sparse but the essential outline is ...

An increasingly stretched OPEC and its allies on June 30 reaffirmed plans for a nominal 648,000 b/d production rise in August, as questions continued to swirl about how much crude oil the group will be able and willing to pump in the months ahead. Delegates told S&P Global Commodity Insights that ministers did not discuss ...

Nigeria is increasing crude oil production and has set a target of August this year to meet its OPEC-assigned output quota, the country’s oil minister Timipre Sylva said. Sylva also said the organization may not increase output quotas when it meets in August given that OPEC members facing tight production capacity. Nigerian crude oil output ...