Upstream Updates - Wednesday, August 7, 2024

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Upstream Updates
August 07, 2024

| Today’s Upstream Updates

  • Tension in the Middle East helps oil prices rebound

  • Earnings Today (8/7): CHRD amc, MRO amc, OXY amc, REXP amc, SM amc, STR amc, TALO amc, TPL amc, VTLE amc (active links to quarterly releases and presentations below)

| Markets - Energy Prices

Product

Close

$ Change

% Change

WTI Oil

$73.33

+$0.39

+0.53%

Brent Crude

$76.65

+$0.35

+0.46%

HH Natural Gas

$1.954

+$0.012

+0.62%

XOP

$131.00

-$3.75

-2.78%

Note: pricing is as of time of publishing.

| Daily Energy News

  • Oil rebounds from multi-month lows on middle east tensions (Reuters)

  • SM Energy and NOG exercise option to buy Altamont (Release)

  • Energy Domain closes $5 MM series A investment (Release)

  • Aramco CEO says selloff was overreaction (World Oil)

  • SunPower files for bankruptcy protection - solar (Yahoo Finance)

  • Crude oil inventories rise unexpectedly (OilPrice)

  • Legal fight over WTX oil pollution heats up (Climate News)

  • China oil imports slide, fueling demand concerns (OilPrice)

  • CA oil commission proposes take over of state refineries (Globe)

  • Utility stocks shine in period of market turbulence (Reuters)

| X (Twitter) Energy - Insightful Posts

  • US court strikes down US LNG export permit (Link)

  • IEA’s decisive mission to decide future of oil (Link)

| Upstream Earnings - Releases & Presentations

| Monthly Upstream Deals

  • Pending Announced 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