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Italy's Eni Finds Oil at Exploration Well Offshore Mexico
Eni (ENI.MI) made a new oil and gas discovery at its Yopaat-1 EXP exploration well in the Sureste Basin, offshore Mexico, with preliminary estimates indicating a potential of between 300 million and 4
ENI Announces New Discovery Offshore Mexico; Block 9 Joint Venture Consists Of ENI As Operator With A 50% Participating Interest And Repsol With Remaining 50%; Preliminary Estimates Indicate Discovered Potential Of Around 300M-400M Barrels Equivalents...
ENI Announces New Discovery Offshore Mexico; Block 9 Joint Venture Consists Of ENI As Operator With A 50% Participating Interest And Repsol With Remaining 50%; Preliminary Estimates Indicate Discovere
Global commodity inventory is in a state of emergency: inventory days of available commodities outside of China experienced the largest month-on-month decline in 31 months.
JPMorgan said that the main reason for this decline was due to the decrease in crude oil and refined product inventories. The global available days of oil and refined products in June decreased sharply by 2.5 days, the largest monthly decline in four years.
Crude oil product analysis at noon: Brent crude oil futures prices fell, with limited impact from the storm.
Hurricane Beryl is expected to make landfall in Texas, but the projected path suggests it may not have a significant impact on the oil refining and export industry in the Corpus Christi area. Chevron has begun sending non-essential personnel back to offshore facilities.
The driving force behind oil prices? Tropical storms hit Texas and oil ports are closed.
Tropical storm 'Beryl' advances into Texas, and some of the largest oil export hubs in the United States are closed.
U.S. Oil Growth Is Slowing. What's Next for Prices. -- Barrons.com
Growing U.S. oil production has played an enormous role in the energy market since the pandemic.