#crudeoilgas

Saudi Aramco offers 'crude oil' outside the Strait of Hormuz through private negotiating to some Asian refiners, according to two sources with knowledge of the matter. This is similar to Abu Dhabi National Oil Co. (ADNOC) of United Arab Emirates.

https://www.marinelink.com/blogs/blog/saudi-aramco-sells-crude-oil-to-asian-refiners-outside-of-hormuz-105327

With the big jump in oil price, I expected stock price of the oil majors (particularly the ones that don’t ship through the strait) to jump proportionately. They are actually flat or slightly down. Thoughts?

Continental is looking to develop international assets as domestic operations are economically challenging due to commodity prices and increasing OPEX.

Anybody hear the Continental will open an office in Houston to support international operations?

Excitement is brewing over the huge Venz Oil possibilities since it holds the worlds largest oil reserves. Temptation to move all assets there could be lucrative. Better make sure any new contract covers overseas relocation and exact wording in new contract for different laws for any country and not just in U, S.A. else that boat could leave without you on board in the near future.

Go Go claims that BT has reduced the cost of refining 1 barrel of crude by $1.
Any price reduction at all was due to the price of natural gas being at a low price.
Now that the price has gone back up there is very little or no cost reduction. BT hasn’t lowered the cost per barrel any at all.

Does FOX News know math?
US produces 13 millions bbl. per year, while Saudi and Russia produce 24 millions combined. How comes the news title showing 13 > 24?

What’s the latest from Apache’s Permian Basin operations? How’s the AI drilling and optimization process coming along? When do the recently completed wells experience deep declines as was seen in 2017-2021 era or is the rock and completion practices far improved?