What’s Affecting Oil Prices This Week? (Nov. 4, 2024)
For the upcoming week, with the increased geopolitical risk and OPEC+’s delay in phasing out its production cut, Stratas Advisors expect that the price of Brent crude could test $77.
Quantum-Backed E&Ps Expand with Acquired Gassy Utah-Colorado Assets
Following Quantum Capital Group’s closed $1.8 billion acquisition of Caerus Oil and Gas, KODA Resources gained 160,000 acres on the Uinta side.
EPA Gives OK to Texas GulfLink Deepwater Port
Sentinel Midstream’s Texas GulfLink project is one of several proposals for an offshore oil terminal in the Gulf.
Wanted: Top Young Talent for the Energy Sector
Hart Energy spoke with Preng & Associates’ John Goodrum about the importance of attracting intelligent, hard-working young leaders to the energy sector.
OPEC Positive on Global Oil Demand, Sees No Peak on Horizon
(Reuters) – The Organization of Petroleum Exporting Countries (OPEC) is very positive on demand for oil in both the short and long term, Secretary General Haitham Al Ghais said at an energy industry event in Abu Dhabi on Monday. “There are some challenges, but the picture is not as negative as some make it sound,” …
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Canadian Government Wants Energy Sector to Cut Emissions by up to 35% Below 2019 Levels
Nov 4 (Reuters) – The Canadian government on Monday released draft regulations that would cap emissions of greenhouse gases from the oil and gas sector by 35% from 2019 levels, slightly less than initially envisaged. The regulations would create a cap-and-trade system designed to recognize better-performing companies and give an incentive to higher-polluting firms to make their production processes …
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Fortuna Operating and North Hudson Resource Partners announce Canadian expansion
HOUSTON, Texas, Nov. 4, 2024 /PRNewswire-PRWeb/ — Fortuna Operating (“Fortuna”), the operating arm of North Hudson Resources Partners, LP (“North Hudson”) non-operated investment platform, is pleased to announce a drilling partnership with a top-tier Canadian operator for working interest in a seven-well development program. The wells are located in the core of the Duvernay and …
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Dollar Drops as Some U.S. Polls Shift Toward Harris: Markets Wrap
Treasuries, Mexican peso rise as traders adjust wagers Oil rise as OPEC+ delays output hike, Iran steps up rhetoric The dollar dropped and US Treasuries rallied as investors walked back bets on Donald Trump winning the presidential election after weekend polls indicated Kamala Harris was gaining ground. An index of the greenback dropped the most in six weeks. Ten-year Treasury yields fell 10 …
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Michigan winter temperatures expected to drive up energy use
Michigan winter temperatures expected to drive up energy use DTE Energy is connecting its customers to resources and information to help them manage use and keep bills affordable DETROIT, Nov. 01, 2024 (GLOBE NEWSWIRE) — Forecasts for the coming winter suggest temperatures may not dip as low as in recent years, but energy use is …
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A Huge “Cat and Mouse” Game: Chinese Solar Firms Go Where U.S. Tariffs Don’t Reach
Summary Chinese solar firms build new plants in Indonesia and Laos U.S. has expanded tariffs on other Southeast Asian nations In Vietnam, Chinese solar companies cut output, lay off workers (Reuters) – Some of the biggest Chinese-owned solar factories in Vietnam are cutting production and laying off workers, spurred on by the expansion of U.S. …
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