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EIA: U S crude stockpiles rise, products draw on low refining rates

EIA: U S crude stockpiles rise, products draw on low refining rates
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Oil s journey from worthless in the pandemic to $100 a barrel | Hellenic Shipping News Worldwide

In July 2020, just a few months after the COVID-19 pandemic started to spiral out of control, Shell CEO Ben van Beurden declared world oil demand may have passed its peak – all but condemning his company’s core business to eventual obscurity. “Demand will take a long time to recover if it recovers at all,” .

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Hess CEO says U S oil output to plateau by 2023 | Hellenic Shipping News Worldwide

U.S. oil output may recover to its pre-pandemic peak of around 13 million barrels per day (bpd) in the next few years and likely plateau by 2023 due to underinvestment, John Hess, chief executive of oil producer Hess Corp said. The Permian Basin of west Texas and New Mexico, the largest U.S. oilfield, will drive .

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Hess CEO says U S oil output to plateau by 2023

U.S. oil output may recover to its pre-pandemicpeak of around 13 million barrels per day (bpd) in the next few years and likely plateau by 2023 due to underinvestment, John Hess, chief executive of oil producer Hess Corp said on Tuesday.

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Pioneer Natural Resources lost $501 million on hedging in third quarter -filing

U.S. shale oil producer Pioneer Natural Resources on Monday reported it lost $501 million on oil and gas hedging in the third quarter, according to a securities filing, as energy prices have climbed to multiyear highs.

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