Price of oil

Magnolia Oil & Gas Announces Its First Semi-Annual Interim Dividend Payment

Retrieved on: 
Monday, August 2, 2021
Energy, Other Energy, Oil, Gas, Cretaceous, Shareholders, Eagle Ford Group, Price of oil, Dividends, Geological history of Earth, Economy, Universal basic income

We believe this dividend payment level is secure and sustainable with oil prices at approximately half their current levels.

Key Points: 
  • We believe this dividend payment level is secure and sustainable with oil prices at approximately half their current levels.
  • Magnolia expects to announce the remaining portion of its total annual dividend payment next February in conjunction with the release of our full-year 2021 financial results.
  • The second portion of our annual dividend payment will be based on our 2021 results and our long-term view of product prices.
  • Magnolia is a publicly traded oil and gas exploration and production company with operations primarily in South Texas in the core of the Eagle Ford Shale and Austin Chalk formations.

Texas Petro Index Midyear Update: Oil and Gas Recovery Slow but Steady

Retrieved on: 
Tuesday, July 27, 2021
Energy, Petroleum, Economy of Texas, Petroleum in the United States, West Texas Intermediate, Petroleum politics, Price of oil, Energy crisis, World oil market chronology from, Western Canadian Select

Texas upstream oil and gas indicators through June 2021 tell the story of the slow but steady recovery now underway:

Key Points: 
  • Texas upstream oil and gas indicators through June 2021 tell the story of the slow but steady recovery now underway:
    Posted West Texas Intermediate (WTI) crude oil prices averaged $67.39 in June up from a low of $14.68 in April last year and the highest since November 2014.
  • Texas oil and gas producers understand the message behind higher prices for crude oil and natural gas, and that is to provide additional product to the marketplace if possible.
  • The Texas Petro Index (TPI) is a monthly measure of growth rates and cycles in the Texas upstream oil and gas economy.
  • Founded in 1930, the Texas Alliance of Energy Producers is the most knowledgeable and effective statewide oil and gas association in the nation.

TradeStation Securities Now Offers Micro WTI Crude Oil Futures from CME Group

Retrieved on: 
Monday, July 12, 2021
Financial markets, Finance, Investment, Plantation, Florida, Technical analysis software, TradeStation, West Texas Intermediate, Benchmark, Monex Group, Price of oil, Futures contract, Commodity broker

PLANTATION, Fla., July 12, 2021 /PRNewswire/ -- TradeStation Securities, Inc. ("TradeStation"), a Monex Group company and award-winning* broker-dealer and futures commission merchant, now offers its futures clients the ability to trade Micro WTI Crude Oil futures contracts through CME Group.

Key Points: 
  • PLANTATION, Fla., July 12, 2021 /PRNewswire/ -- TradeStation Securities, Inc. ("TradeStation"), a Monex Group company and award-winning* broker-dealer and futures commission merchant, now offers its futures clients the ability to trade Micro WTI Crude Oil futures contracts through CME Group.
  • CME Group has announced that Micro WTI Crude Oil futures will give traders of all sizes a smaller, more precise instrument for managing crude oil price exposure, and that at 1/10 the size of the benchmark WTI futures contract, Micro WTI Crude Oil futures offers the same robust transparency and price discovery of larger WTI futures with smaller margin requirements.
  • "TradeStation is proud to continue our strong relationship with CME Group through the launch of Micro WTI Crude Oil futures," saidJohn Bartleman, President of TradeStation Group, Inc., TradeStation's parent company.
  • TradeStation clients can now trade Micro WTI Crude Oil futures through the TradeStation desktop platform , web trading, mobile application, as well as the TradeStation FuturesPlus platform .

Is Namibia Emerging As The Most Exciting Oil Story Of The Year

Retrieved on: 
Friday, July 9, 2021
American brands, Rockefeller family, Petroleum geology, Liquids, Marketing, Petroleum, XOM, Exxon, Price of oil, Physical sciences

Oil was then extracted from these samples and the results supported an active petroleum system with multiple source intervals.

Key Points: 
  • Oil was then extracted from these samples and the results supported an active petroleum system with multiple source intervals.
  • The company says the aim of this play isn't unconventional, either, so the environmental impact questions are far less pressing.
  • Other companies looking to capitalize on rising oil prices:
    Exxon (NYSE:XOM)is a large multinational corporation headquartered in Irving, Texas.
  • While Exxon is one of the world's top oil producers, it isn't ignoring the reality of the market.

Is Namibia Emerging As The Most Exciting Oil Story Of The Year

Retrieved on: 
Friday, July 9, 2021
American brands, Rockefeller family, Petroleum geology, Liquids, Marketing, Petroleum, XOM, Exxon, Price of oil, Physical sciences

Oil was then extracted from these samples and the results supported an active petroleum system with multiple source intervals.

Key Points: 
  • Oil was then extracted from these samples and the results supported an active petroleum system with multiple source intervals.
  • The company says the aim of this play isn't unconventional, either, so the environmental impact questions are far less pressing.
  • Other companies looking to capitalize on rising oil prices:
    Exxon (NYSE:XOM)is a large multinational corporation headquartered in Irving, Texas.
  • While Exxon is one of the world's top oil producers, it isn't ignoring the reality of the market.

World Commodity Forecasts Industrial Raw Materials Report 2021 - ResearchAndMarkets.com

Retrieved on: 
Wednesday, June 30, 2021
Other Manufacturing, Manufacturing, Matter, Pricing, Price of oil, Articles, Nature, Raw material, Petroleum

The "World Commodity Forecasts Industrial Raw Materials" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "World Commodity Forecasts Industrial Raw Materials" report has been added to ResearchAndMarkets.com's offering.
  • The Economist Intelligence Unit's industrial raw materials (IRM) price index is expected to jump by 31.7% in 2021-the fastest rate in more than a decade-owing to surging base metals and crude oil prices.
  • Supply constraints created during the staggered economic recovery in 2021 should also ease in 2022, removing some of the upward pressure on IRM prices.
  • However, prices jumped in the final months of 2020 owing to the resurgence in industrial activity in China, supply constraints related to the pandemic and heavy stockpiling of industrial raw materials by China.

USD 286.38 Billion growth expected in Marketing Services amid COVID-19 Spread| SpendEdge

Retrieved on: 
Tuesday, June 29, 2021
Goods economics), Materials, Matter, Sales promotion, Coupon, Fiber, Polyethylene terephthalate, Price of oil

NEW YORK, June 29, 2021 /PRNewswire/ -- The Global Mobile Coupons has been added to SpendEdge's offering.

Key Points: 
  • NEW YORK, June 29, 2021 /PRNewswire/ -- The Global Mobile Coupons has been added to SpendEdge's offering.
  • The Mobile Coupons market is expected to grow by USD 286.38 billion, at a CAGR of over 5.68% by 2025.
  • The report also offers information on the upcoming trends and challenges that will influence market growth.
  • The steady increase in crude oil prices will drive the prices of raw materials such as optical fiber, PE, PVC, steel, and aluminum.

The Next Oil Boom Is Coming--and It Could Be the Last

Retrieved on: 
Monday, June 14, 2021
Price of oil, Pricing, Petroleum industry, Natural Resources, Peak oil, Energy, Petroleum politics, Petroleum

The report, titled The Last Oil Price Boom May Be in Sight , reveals how a supercycle can support the transition to low-carbon fuels and accelerate movement away from fossil fuels.

Key Points: 
  • The report, titled The Last Oil Price Boom May Be in Sight , reveals how a supercycle can support the transition to low-carbon fuels and accelerate movement away from fossil fuels.
  • With the oil market system becoming increasingly flexible, and both supply and demand more elastic than in the past, this oil boom could be the world's last.
  • Investment in oil and gas companies' upstream businesses fell by 34% in 2020 following the pandemic-induced decline in demand.
  • Consumers are also increasingly able to adjust their oil consumption in the face of higher oil prices, choosing among options that include electric vehicles and hybrid work models.

Sasol Restructures Existing Oil Hedges and Increases the Hedge Cover Ratio for Oil for Financial Year 2022

Retrieved on: 
Wednesday, June 9, 2021
Market risk, Hedge, Price of oil, Barrel, Sasol, Economy, Financial markets, Units of measurement

The current hedging program consists mainly of put options and provides protection against oil prices decreasing to below approximately US$43,11 per barrel.

Key Points: 
  • The current hedging program consists mainly of put options and provides protection against oil prices decreasing to below approximately US$43,11 per barrel.
  • Following the recent material rise in the oil price, Sasol has been able to restructure and enhance its financial year 2022 hedging programme, ensuring cash flow robustness and protection against future oil price volatility.
  • The existing oil put hedges of 24 million barrels for financial year 2022, as reported in the Production and Sales Metrics ending 31 March 2021, have been restructured and replaced by a zero cost collar hedging structure.
  • The oil hedge cover ratio for financial year 2022 has also been increased by hedging an additional 18 million barrels or an incremental 4,5 million barrels per quarter.

Cuda Oil and Gas Inc. Announces First Quarter Financial and Operating Results

Retrieved on: 
Saturday, May 29, 2021
Liquids, Petroleum, Barrel, Chemistry, Price of oil, Physical sciences, Burnaby Refinery

Calgary, Alberta--(Newsfile Corp. - May 28, 2021) - Cuda Oil and Gas Inc. ("Cuda" or the "Company") (TSXV: CUDA) announces its financial and operational results for the first quarter ended March 31, 2021.

Key Points: 
  • Calgary, Alberta--(Newsfile Corp. - May 28, 2021) - Cuda Oil and Gas Inc. ("Cuda" or the "Company") (TSXV: CUDA) announces its financial and operational results for the first quarter ended March 31, 2021.
  • Realized crude oil prices in the first quarter of 2021 increased 20% to $58.63 per bbl from $48.71 per bbl in the fourth quarter of 2020.
  • First quarter 2021 oil production from Wyoming, United States, decreased 6% to 347 bbls/d, from 370 bbls/d in the fourth quarter of 2020, and increased 3% from 336 bbls/d, when compared to first quarter oil production in 2020.
  • The production decrease from the fourth quarter of 2020 production resulted from lower quantities of gas injection during the first quarter due to rising cost of the gas injections.