Special reports

US crude oil inventories fell by more than expected in late September, dropping by 4.34 million bbl, reported the American Petroleum Institute (API).

Saudi Arabia is preparing to increase its oil output to regain its market share, with abandoning its required oil price part of the plan.

Multiple energy companies, both domestic and international, have submitted bids for the ninth round of India's Open Acreage Licensing Policy (OALP-9), as confirmed by the Directorate General of Hydrocarbons (DGH), the country's upstream regulator.

Reuters has reported that the US Federal Trade Commission is expected to greenlight US oil producer Chevron's purchase of Hess as soon as this week, two people familiar with the matter said, leaving Exxon Mobil's challenge to the US$53 billion deal as its final hurdle.

The oil body said there "has been further recognition that the world can only phase in new energy sources at scale when they are genuinely ready”.

Caterpillar Oil & Gas has announced that North American pressure pumping operators using its Tier 4 DGB system reduced diesel consumption by approximately 100 million gallons in 2023.

Read today's market analysis on behalf of Rania Gule, Senior Market Analyst, XS.com

Reuters reported that oil prices rose on news of monetary stimulus from China while another hurricane threatened supply in the US.

The US Energy Information Administration reports that cash from operations in 1Q24 has decreased due to lower natural gas prices.

In this special bonus episode from Gastech 2024, Mike Logue and Brandon Stambaugh from Owens Corning® join us to talk about designing insulating systems that offer solutions for extreme conditions.

With methane emissions at near record levels, the IEA, UNEP and EDF have unveiled a new framework to report progress in reducing emissions by oil and gas companies.

Empire Petroleum Corporation has fixed the close of business on 30 September 2024 as the record date for a proposed subscription rights offering.

Woodside Energy will contribute US$50 000 to the Bayou Community Foundation in support of relief efforts following Hurricane Francine.

US gas company Chesapeake Energy's acquisition of Southwestern Energy is now expected to close early in 4Q24, Reuters cited the company’s CEO Nick Dell'Osso as saying.

The US Energy Information Administration (EIA) does not directly survey petroleum consumption; instead, it calculates a similar concept called product supplied from its surveys that span the US petroleum industry. Although it uses petroleum product supplied interchangeably with petroleum consumption, the two are not identical.