Upstream Updates - Thursday, July 11, 2024

Get real-time updates by following us on X (Twitter) @upstreamupdates

Author

Upstream Updates
July 11, 2024

| Today’s Upstream Updates

  • Oil prices trade higher today as US inflation data offers rate cut hopes

  • Natural gas prices ease on production uptick and lower LNG feed

| Markets - Energy Prices

Product

Close

$ Change

% Change

WTI Oil

$82.09

+$0.61

+0.8%

Brent Crude

$85.08

+$0.36

+0.4%

HH Natural Gas

$2.33

-0.10

-3.9%

XOP

$145.78

+$2.49

+1.74%

Note: pricing is as of time of publishing.

| Daily Energy News 

  • Oil edges up as US inflation data raise rate cut hopes (Reuters)

  • EIA - West Coast summer refinery margins decline (EIA)

  • Post Oak Capital announces sale of Layne Midstream (Release)

  • EIA - This Week in Petroleum (EIA)

  • Aramco set to raise $6 BN in 3-part bond deal (Reuters)

  • BP predicts oil demand will peak in 2025 (OilPrice)

  • US seeks up to 4.5 MM barrels for SPR (Reuters)

  • Devon become 4th largest Williston Basin operator (World Oil)

  • Natural gas prices ease on rising output, lower LNG feed (Oil & Gas)

  • BSEE reveals hurricane Beryl production platform impact (Rig Zone)

  • Trading houses lure top talent from BP, Shell (Reuters)

  • To help with climate change, CO2 storage to evolve (ARS Technical)

  • Dominion seeks small nuclear reactor proposal (Virginia Mercury)

| X (Twitter) Energy - Insightful Posts 

  • Chart with number of hot days reported over the years (Link)

  • Lithium-ion battery prices are dropping (Link)

  • A little humor on Houston electricity (Link)

  • US fuel demand tracking chart (Link)

| July Capital Markets Activity

  • Pending 

| Partnerships

  • Interested in promoting your business to our network? Advertise in Upstream Updates by contacting us today at [email protected]. 

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