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Oil, Gas, And Fracking News Reads: 06March 2021


Here are some selected news articles from the week ended 06 March 2021. Part 2 is available here.
This is a feature at
Global Economic Intersection every Monday evening or Tuesday morning.
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Fuel supplies drop most on record as US oil refining collapses, leading to largest ever jump in oil supplies
Refinery utilization at an all time low, 10% lower than it s ever been; oil refined is least on record; record jump in oil inventories, record drop in gasoline inventories; distillates production at a 26 year low, distillates inventories drop most in 18 years; largest jump in oil imports in 39 weeks. ....

United States , Ohio Department Of Natural Resources , West Delta , Wayne National Forest , Harrison City , Hamilton County , West Virginia , Blue Ash , El Dorado , Gulf Of Mexico , Allegheny Front , Corpus Christi , Beaver Island , Nova Scotia , Port Arthur , United Kingdom , Mackinaw City , Great Lakes , Canada General , Belmont County , Lake County , Eagle Ford , Cross Village , White House , District Of Columbia , Appalachian Mountains ,

U.S. oil production won't return to pre-pandemic levels, says Occidental CEO | Hellenic Shipping News Worldwide

Occidental CEO Vicki Hollub said Thursday that she doesn’t envision U.S. oil production returning to pre-pandemic highs. “I do believe that most companies have committed to value growth, rather than production growth,” she said during a CNBC Evolve conversation with Brian Sullivan. “And so I do believe that that’s going to be part of the . ....

Saudi Arabia , United States , Brian Sullivan , Vicki Hollub , Texas International , West Texas International , சவுதி அரேபியா , ஒன்றுபட்டது மாநிலங்களில் , பிரையன் சல்லிவன் , டெக்சாஸ் சர்வதேச , மேற்கு டெக்சாஸ் சர்வதேச ,

Saudi cuts drive oil price surge


DUBAI: Oil prices surged back to pre-pandemic levels on Tuesday in the wake of Saudi Arabia’s surprise decision last week to cut output by an extra 1 million barrels a day.
Brent crude, the international benchmark, rose above $56 a barrel for the first time since February 2020, before economic lockdowns hit worldwide demand for oil, especially transport fuels.
After a divided meeting last week of OPEC+, the alliance led by Saudi Arabia and Russia, Saudi Energy Minister Prince Abdul Aziz bin Salman promised to cut an extra 1 million barrels for the next two months as a “gesture of goodwill” to global energy markets. “We will support the market and we will support the industry. We are the guardians of the industry,” he said. ....

Saudi Arabia , United Arab Emirates , United States , Damien Courvaln , Saudi Energy , Texas International , Goldman Sachs , Saudi Energy Minister Prince Abdul Aziz , West Texas International , Al Ahsa , Al Kharj , Khalij Times , Gulf News , Saudi Gazette , Al Madinah , King Abdullah , Jobs In Saudi , Work In Saudi Arabia , Hajj عرب نيوز , சவுதி அரேபியா , ஒன்றுபட்டது அரபு அமீரகங்கள் , ஒன்றுபட்டது மாநிலங்களில் , சவுதி ஆற்றல் , டெக்சாஸ் சர்வதேச , கோல்ட்மேன் சாக்ஸ் , சவுதி ஆற்றல் அமைச்சர் ப்ரிந்ஸ் அப்துல் அஜிஸ் ,