Latest News for: Oil sales

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Exclusive: PDVSA pauses oil-for-debt shipments to Europe, wants product swaps

Reuters 13 Aug 2022
Venezuela's oil company PDVSA no longer is interested in the oil-for-debt deals that the U.S ... Resumption of oil shipments to Europe helped PDVSA boost sales in June and July, with overall exports reaching 545,000 barrels per day (bpd) in the 60-day period, according to the documents and vessel monitoring.
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Judge revives Obama-era ban on coal sales from US lands

Johnson City Press 13 Aug 2022
... can resume coal sales from federal lands ... Among President Joe Biden’s first actions in his first week in office was to suspend oil and gas lease sales — a move later blocked by a federal judge — and he faced pressure from environmental groups to take similar action against coal.
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Energy & Environment — House passes landmark climate bill

The Hill 13 Aug 2022
Creating an incentive-and-fee program aimed at cutting methane emissions from oil and gas production. Making the future of solar and wind energy on public lands and waters conditional on oil and gas lease sales — and requiring additional sales in the near term.
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Jury convicts former Platinum Partners hedge fund manager of fraud

Reuters 13 Aug 2022
1, prosecutors said Small schemed with other executives at the now-defunct New York hedge fund to defraud bondholders of Black Elk Energy Operations LLC, a Platinum-controlled oil exploration company, by diverting $70 million from asset sales to Platinum ahead of Black Elk’s 2015 bankruptcy.
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Libya: Gas oil sale

MEED 12 Aug 2022
Sale of vacuum gas oil ... .
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Inflation Reduction Act promises to keep oil royalty income for Louisiana, but also will hike prices

Longview News-Journal 12 Aug 2022
The IRA includes provisions to require four oil and gas lease sales in the Gulf of Mexico that could generate millions in revenues for states through the Gulf of Mexico Energy Security Act, which was created by Congress in 2006 to share leasing revenues with Alabama, Louisiana, ...
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Nine companies to buy oil from U.S. strategic reserve in latest sale

Reuters 12 Aug 2022
Aug 11 (Reuters) - The United States on Thursday said nine companies will buy 20 million barrels of oil in the latest sale from the Strategic Petroleum Reserve as part of the Biden administration's plan to ease petroleum prices elevated by Russia's invasion of Ukraine and economies recovering from the COVID-19 pandemic.
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Exclusive-Kazakhstan to start oil sales via Azeri pipeline to bypass Russia

FX Empire 12 Aug 2022
MOSCOW/LONDON (Reuters) – Kazakhstan is expected to sell some of its crude oil through Azerbaijan’s biggest oil pipeline from September, as the nation seeks alternatives to a route Russia threatened to shut, three sources familiar with the matter said. Kazakh oil exports account ...
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ONGC’s Q1 net profit rises over 3-fold to ₹15,206 cr | Mint

Live Mint 12 Aug 2022
For the current quarter, the company’s profits may be impacted given the windfall tax imposed by the Centre on sale of domestic crude oil. With effect from July 1 Centre imposed a duty of ₹23,250 per tonne on sale of domestic crude prices amid high profits incurred by oil producing companies due to surging crude oil prices.
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Exclusive – PDVSA pauses oil-for-debt shipments to Europe, wants product swaps

FX Empire 12 Aug 2022
Venezuela’s oil company PDVSA no longer is interested in the oil-for-debt deals that the U.S ... Resumption of oil shipments to Europe helped PDVSA boost sales in June and July, with overall exports reaching 545,000 barrels per day (bpd) in the 60-day period, according to the documents and vessel monitoring.
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Cambo on the block as Shell’s sale starts

The Times/The Sunday Times 12 Aug 2022
Shell has hired Jefferies, the investment bank, to run the sale process, which comes after months of uncertainty over the oil major’s commitment to the UK.
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SHC tells distributors to submit details of edible oil purchase from factories

The News International 12 Aug 2022
The Sindh High Court on Thursday directed edible oil distributors to submit details of edible oil purchase from certified factories and other relevant trade documents ... He submitted that the impugned notification with regard to the ban on sale of loose edible oil and ghee was issued without any lawful authority.
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Imperial Oil Earns Relative Strength Rating Upgrade

Investors Business Daily 12 Aug 2022
On Friday, Imperial Oil (IMO) reached an important technical benchmark, with its Relative Strength (RS) Rating climbing into the 90-plus percentile with an upgrade to 93, a rise from 90 the day before ... Imperial Oil is working on a consolidation with a 57.99 buy point ... Imperial Oil saw both earnings and sales growth rise last quarter.
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Here’s what’s in the Inflation Reduction Act, the sweeping bill impacting health, climate and taxes

The Hill 12 Aug 2022
The future of solar and wind on public lands and wind in public waters would be tied to requirements to hold lease sales that open up new oil and gas production.The bill reinstates the results of a recent offshore oil and gas lease sale that was struck down on environmental grounds.

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