BOE Report - Canada's Source for Oil & Gas News
2 days ago · Oil extends gains on optimism over policy support for growth January 2, 2025 9:33 PM Oil prices extended gains on Friday after closing at their highest in more than two months in the prior session, amid hopes that governments around the world may increase policy support to revive economic growth that would lift fuel demand. Brent crude futures rose 22 cents, or 0.3%, to $76.15 a barrel by 0420 ...
Oil extends gains on optimism over policy support for growth
2 days ago · Oil prices extended gains on Friday after closing at their highest in more than two months in the prior session, amid hopes that governments around the world may increase policy support to revive economic growth that would lift fuel demand. Brent crude futures rose 22 cents, or 0.3%, to $76.15 a barrel by 0420 GMT,
US oil and gas rigs unchanged for fourth straight week
1 day ago · U.S. energy firms this week kept the number of oil and natural gas rigs unchanged for the fourth week in a row, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of …
Oil rises as investors return from holidays, eye China recovery
2 days ago · Oil prices nudged higher on Thursday, the first day of trade for 2025, as investors returning from holidays cautiously eyed a recovery in China's economy and fuel demand following a pledge by President Xi Jinping to promote growth. Brent crude futures rose 17 cents, or 0.06%, to $74.82 a barrel by 0547 GMT after settling
US oil production rose to record high in October, EIA data shows
4 days ago · U.S. oil production rose 260,000 barrels per day (bpd) month-over-month to a record 13.46 million bpd in October as demand surged to the highest levels since the pandemic, data from the U.S. Energy Information Administration showed on Tuesday. U.S. oil output has grown rapidly this year, even as concerns of oversupply have weighed heavily on
US LNG gas demand hits record high on last day of the year
4 days ago · U.S. natural gas demand from LNG plants hit a record on Tuesday, the last day of the year, climbing to 15.2 billion cubic feed (bcf) in a sign of a strong year ahead from the startup of two new gas-processing plants, preliminary data from financial firm LSEG showed. U.S. natural gas demand for LNG plants
BOE Intel
Keep up with the latest production, financial, and well data for the western Canadian oil and gas industry
Oil prices inch up on hopes for more China stimulus
Dec 26, 2024 · Oil prices edged higher on Thursday in thin holiday trading, driven by hopes for additional fiscal stimulus in China, the world's biggest oil importer, while an anticipated decline in U.S. crude inventories also provided support. Brent crude futures rose 13 cents, or 0.2%, to $73.71 a barrel by 0650 GMT. U.S. West Texas Intermediate crude
Oil eases from highest in weeks, investors eye Fed rate cuts
Oil futures eased from their highest levels in weeks as traders took profit while waiting for a meeting of the Federal Reserve later this week for indication of further rate cuts. Falls were limited, however, by concerns of supply disruptions in the event of more U.S. sanctions on major suppliers Russia and Iran. Brent crude
Heavy oil discount tightens - BOE Report
Oct 4, 2024 · The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) tightened on Friday: * WCS for November delivery in Hardisty, Alberta, settled at $12.20 a barrel below WTI, according to brokerage CalRock, having settled at $12.75 a barrel under the benchmark on Thursday. * Oil futures rose