Oil producer APA Corp. on July 18 warned that its second-quarter oil and gas volumes would fall about...
Oil producer APA Corp. on July 18 warned that its second-quarter oil and gas volumes would fall about 8,000 bbl/d, or 3%, short of guidance following mixed production results from certain wells.
The company anticipates its second-quarter production in the U.S. to be 200,000 boe/d, versus a previous forecast of 206,000 boe/d.
Around 4,000 boe/d of the shortfall is associated with the performance of non-operated wells, while the rest is due to mixed results from wells that came online during the quarter in the Austin Chalk region in southeast Texas.
Sonatrach, partners to invest $4 billion to produce 1 billion oil equivalent in Berkine
ALGIERS, July 19 (Reuters) - Algeria’s Sonatrach and its partners Occidental ...
ALGIERS, July 19 (Reuters) - Algeria’s Sonatrach and its partners Occidental (OXY.N), TotalEnergies (TTEF.PA) and ENI will invest $4 billion dollars in the perimeter of Berkine to produce 1 billion of oil equivalent barrels, Sonatrach’s CEO Tewfik Hakkar told reporters.
Benchmark oil prices have dropped by about $15 a barrel in the past 10 days as the threat of recession...
Benchmark oil prices have dropped by about $15 a barrel in the past 10 days as the threat of recession clouds the demand outlook, but the physical oil trade and the futures market structure tell a quite different story.
But in the physical market, premiums have been at record levels. Nigerian Qua Iboe crude was offered at $11.50 a barrel above dated Brent this week, while North Sea grade Forties was bid at dated Brent plus $5.35 on Tuesday - both all-time highs.
US stock futures rise early Tuesday. Global shares, however, wavered as investors focused...
US stock futures rise early Tuesday. Global shares, however, wavered as investors focused on upcoming central bank meetings, starting with the European Central Bank this week. Meanwhile, cryptocurrencies were down, with bitcoin trading below $22,000. Here are the latest market moves.
Recession or not, stocks are going to keep falling, according to Morgan Stanley's Mike...
Recession or not, stocks are going to keep falling, according to Morgan Stanley's Mike Wilson. The firm's top strategist said traders are being too optimistic about company earnings, which are likely to slow under inflationary pressures that the Fed can't seem to quell.
All of the above are going to be too much for stocks to prop up, which has left Wilson with a 3,900 forecast for the S&P 500 next year — barely a whisper away from current levels.
