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Oil extended gains as markets priced the supply impact of recently announced sanctions against Russia's energy market. Oil prices jump to 5-month high over increasing worries of supply crunch ...
The Carpinteria Offshore Oil Field is an oil and gas field in Santa Barbara Channel, south of the city of Carpinteria in southern California in the United States. Discovered in 1964, and reaching peak production in 1969, it has produced over 106 million barrels of oil in its lifetime, and retains approximately 2 million barrels in reserve recoverable with present technology, according to the ...
2015 – OPIS acquires NAVX, the leading European and South American provider of retail fuel pricing, parking and Electric Vehicle (EV) charging location information. [10] 2016 – IHS Markit acquires OPIS for $650 Million. [11] 2018 - OPIS acquires Petrochem Wire. [12] 2022 - News Corp acquires OPIS and merges it with Dow Jones [13]
The Department of Energy unveiled plans to purchase oil at a price of $79 per barrel or less, but has since purchased oil at higher prices. As of April 2024, further purchases were cancelled due to rising oil prices. [10] [15] According to legislation already in place, the amount of oil in the reserve could fall to 238 million barrels by 2028. [16]
The per-gallon price is displayed electronically above the grades of gasoline available from a pump at an Exxon station Wednesday, Sept. 4, 2024, in Littleton, Colo. (AP Photo/David Zalubowski ...
Oil markets spiraled on the news, falling as much as 4% on Thursday. A report that Saudi Arabia would ditch its unofficial crude price target sent crude oil prices sharply lower on Thursday.