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- Upstream Updates - Thursday, July 18, 2024
Upstream Updates - Thursday, July 18, 2024
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Upstream Updates
July 18, 2024
| Today’s Upstream Updates
Oil prices are trading steady with a focus on US job data today
Natural gas prices recover a little and await storage numbers
Exxon’s ROFR on Hess’ Guyana assets hinges on interpretation of the change of control clause - article below
| Markets - Energy Prices
Product | Close | $ Change | % Change |
|---|---|---|---|
WTI Oil | $82.75 | -$0.10 | -0.11% |
Brent Crude | $84.94 | -$0.14 | -0.16% |
HH Natural Gas | $2.056 | +0.021 | +1.03% |
XOP | $148.25 | -$0.11 | -0.07% |
Note: pricing is as of time of publishing.
| Daily Energy News
Oil prices steady on profit taking ahead of US job data (Reuters)
Why is the oil industry booming (NY Times)
Collapse of natural gas trade point creates supply glut (Bloomberg)
Consideration election deadline for SBOW / CRGY (Release)
Judge pauses Wyoming Oil & Gas drilling leases (PGJ Online)
Consolidation in gas market as LNG demand rebounds (FXempire)
Count down begins to Matterhorn startup (East Daley)
Freeport LNG to restart gas production after Beryl (World Oil)
US imports of Canadian crude hits record high (Reuters)
LLOG acquires 41 offshore blocks in deep water GOM (World Oil)
Electricity gets political in Trumps world (Politico)
Kinder Morgan reports Q2-24 miss (Yahoo Finance)
EOG Resources wildcatting Pearsall in STX (Hart Energy)
Exxon clash with Chevron hinges on change of control (Reuters)
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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