Upstream Updates - Thursday, August 8, 2024

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Upstream Updates
August 08, 2024

| Today’s Upstream Updates

  • Oil prices find steady ground after a day of gains

  • Earnings Today (8/8): GRNT amc, MUR bmo (active links to quarterly releases and presentations below)

| Markets - Energy Prices

Product

Close

$ Change

% Change

WTI Oil

$75.29

+$0.06

+0.08%

Brent Crude

$78.27

-$0.06

-0.08%

HH Natural Gas

$2.077

-$0.035

-1.66%

XOP

$132.38

+$0.91

+0.69%

Note: pricing is as of time of publishing.

| Daily Energy News

  • Oil prices steady after two days of gains (Reuters)

  • Natural gas and oil forecast (FX Empire)

  • Citi sees bounce in oil prices back to the $80s (Reuters)

  • Exxon restarts Illinois refinery (OilPrice)

  • Civitas comments on Lowry Ranch CAP approval (Release)

  • US oil output rose to record high last week (Reuters)

  • Trump says he will fill the Strategic Oil Reserve (BOE Report)

  • Top oil & gas stocks to buy now (Investor Place)

  • China finds big natural gas field in S. China sea (South China)

  • Western insurers cover Russian oil despite sanctions (OilPrice)

  • LNG flows to Europe remain under pressure (ING Think)

  • Franklin Mountain reportedly looking to sale (OilPrice)

| X (Twitter) Energy - Insightful Posts

  • Chart - US Shale production growth (Link)

  • JP Morgan says majority of carry trade is unwound (Link)

| Upstream Earnings - Releases & Presentations

| Monthly Upstream Deals

| Monthly Capital Markets Activity

  • Pending Announced Deals 

| Partnerships

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Disclaimer - The information provided in this newsletter is for informational purposes only and should not be construed as investment advice. The contents and references herein do not constitute a recommendation to buy, sell, or hold any securities. Readers are encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions based on the information provided herein. The authors and publisher of this newsletter are not liable for any actions taken by readers based on the information contained herei