Upstream Updates - Wednesday, July 3, 2024

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

Author

Upstream Updates
July 03, 2024

| Today’s Upstream Updates

  • This will be week’s final newsletter and we hope everyone has a happy and safe July 4th weekend

  • We appreciate everyone reading, clicking and supporting the newsletter

  • If you have any suggestions or comments, please shoot them our way

| Markets - Energy Prices

Product

Close

$ Change

% Change

WTI Oil

$82.81

+$0.02

+0.03%

Brent Crude

$86.32

+$0.08

+0.09%

HH Natural Gas

$2.428

-$0.007

-0.29%

XOP

$146.43

+$0.56

+0.38%

Note: pricing is as of time of publishing.

| Morning News - Energy 

  • Oil trades near 2-month high on signs of crude draw (Yahoo)

  • Oil markets carefully watching Hurricane Beryl (OilPrice)

  • Glenfarne Energy’s Texas LNG signs offtake agreement (Morningstar)

  • Russian energy revenue up 41% in first half of the year (Reuters)

  • Whitecap Resources announces partial infrastructure sale (Release)

  • BPX Koontz: The rise of a shale man (Hart Energy)

  • Exxon-Hess arbitration panel nears formation (BOE Report)

  • Icahn-owned CVR bidding in Citgo auction (Reuters)

  • Rice in global gas flaring eclipses progress (Energy Intelligence)

  • SLB, ChampionX get second request from DoJ (Reuters)

  • Texas to double state fund to expand power grid (TX Tribune)

| X (Twitter) Energy - Insightful Posts 

  • The Buffet stock market indicator (Link)

  • North America data deck from Commodity Context (Link)

  • Most highly held stock by hedge funds - XOM in the top 15 (Link)

| July Monthly Upstream Deals 

  • Pending

| 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