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Crude Prices Sink on the Outlook for Higher OPEC+ Oil Production
Yahoo Finance· 2025-09-29 15:35
November WTI crude oil (CLX25) today is down -2.31 (-3.51%), and November RBOB gasoline (RBX25) is down -0.0468 (-2.35%). Crude oil and gasoline prices are sharply lower today due to the outlook for OPEC+ to increase its crude production levels for November, which is expected to boost global oil supplies. Bloomberg reported today that OPEC+ is considering raising its crude output level by +137,000 bpd, starting November 1. More News from Barchart The outlook for higher crude production in Iraq is also ...
Energy Sec. Wright: Big demand for U.S. to displace Russian gas to Europe
CNBC Television· 2025-09-10 19:40
heady goals 750 billion in energy. You guys want to sell it. You want to triple energy sales to Europe in the next three years.We talked a little bit with your colleague and friend Secretary Bergam about it yesterday. But realistically, how do we do that in the United States. How do the Cheners, the Venture Globals, the Exxons, the Shells, the Seas, how do they accomplish those goals.So, number one, there's still a lot of gas from Russia going into Europe. 15% of Europe's gas supply still comes from Russia. ...
OPEC leaders meet - what's at stake? #oil #politics
Bloomberg Television· 2025-07-11 17:00
This week, oil executives and officials from some of the world's largest oil producers, countries like Saudi Arabia and Nigeria are gathering in Vienna, where OPEC, the Organization of the Petroleum Exporting Countries, is headquartered. We are coming off the most volatile period for oil in the last couple of years after that 12-day war between Iran and Israel. Volatility.You saw a massive geopolitical premium get priced into the oil curve. And here we are. Pretty much all of that geopolitical premium was w ...
Black Gold Updates Disclosure at the Request of the BCSC and CSE
Globenewswire· 2025-06-05 14:37
Core Viewpoint - Black Gold Exploration Corp. (BGX) has clarified its recent production announcement, confirming its 10% working interest in the Fritz 2-30 well in Indiana, and addressing unauthorized promotional disclosures made by third parties [1][2][3]. Disclosure Update - BGX has entered production through a 10% working interest in the Fritz 2-30 well located in Clay County, Indiana [1]. - The company invested a total of USD $145,987 to acquire this interest in a joint venture with LGX Energy Corp. for exploration, drilling, and testing [1]. Marketing Disclosure Update - BGX engaged with CHero Enterprises Corp. for news dissemination, but unauthorized and overly promotional disclosures were made by Aktiencheck, which were not authorized or reviewed by the company [2]. - The Canadian Securities Exchange (CSE) and British Columbia Securities Commission (BCSC) requested the removal of the inaccurate promotional materials published by Aktiencheck [2]. Additional Notes - BGX has no engagement with SmallCapCanada, which issued an inaccurate news release regarding the company's production interest, failing to mention the 10% working interest in the Fritz 2-30 well [3]. - The company has committed to reviewing and approving all promotional materials in the future [4].