Summary OECD raises US growth outlook, cuts euro zone OECD sees Fed rate cut in Q2, ECB in Q3 Red Sea attacks could boost CPI 0.4 points PARIS, Feb 5 (Reuters) – The global economy is on course to hold up better this year than expected only a few months ago as an improved outlook …
OECD Raises Global Growth Outlook on U.S. Strength Read More »
(Reuters) – U.S. President Joe Biden’s administration announced a pause on pending and future permits to export liquefied natural gas (LNG) to non-Free Trade Agreement countries until the Department of Energy finishes a new review of climate impacts. In 2023, roughly 67% of U.S. LNG exports went to Europe and 26% went to Asia, LSEG data …
European and Asian Companies Affected by U.S. Pause on LNG Export Permits Read More »
Making the right decisions at the right time and mitigating risk is nothing new to energy industry professionals. There will be lots of decisions to make in 2024 and beyond as the energy industry transforms. For example, the energy industry in the U.S., and indirectly in Canada and globally, is about to witness changes as …
Engineering excellence – what’s the secret sauce? Read More »
XDI Energy Solutions is the only Coiled Tubing service provider in Canada offering Three-Dimensional, 360-degree magnetic resonance imaging inspection that gives real time updates on the condition of the coiled tube during live well operations. This is standard XDI Energy kit for our deep hole coiled tubing units. This vital service gives XDI Energy, and …
Summary Positive U.S. jobs report could delay rate cuts US plans further strikes against Iran-backed groups Ukraine hits Russia’s Volgograd refinery in latest drone attack (Reuters) – Oil prices were steady on Monday following sharp falls last week, after Washington pledged to launch further strikes on Iran-backed groups in the Middle East and a strong …
Oil Steady as Mideast Strikes Compete with Rate Cuts Caution Read More »
LONDON (AP) — Climate activist Greta Thunberg was acquitted Friday of a charge of refusing to follow a police order to leave a protest blocking the entrance to a major oil and gas industry conference in London last year. The courtroom gallery erupted with applause as Judge John Law told Thunberg and her four co-defendants to …
Members of Congress just submitted and signed an excellent ETP-advised letter challenging the Biden Administration’s most recent “Environmental Justice” initiative. By Alex Epstein I have long been a critic of the “environmental justice” movement. Like so many aspects of the anti-fossil-fuel movement it ignores the benefits of fossil fuels and overstates their negative side-effects. Unfortunately, many in Congress …
BP said on Friday that power had been restored to its 435,000 barrel-per-day Whiting, Indiana, refinery following a power outage that disrupted operations. On Thursday, a transformer failure caused a plant-wide power outage and forced an evacuation of all but the most essential workers, said people familiar with the plant’s operations. Operations have been stabilized …
BP Says Power Restored, Operations Stabilized at Whiting, Indiana Refinery Read More »
The U.S. Department of Justice (DOJ) on Friday announced terrorism and sanctions-evasion charges and seizures linked to a billion-dollar oil trafficking network that it says finances Iran’s elite Islamic Revolutionary Guard Corps (IRGC). “The Department of Justice’s actions are critical to stemming the flow of money that Iran uses to engage in activities that threaten …
U.S. Unveils Charges, Seizures Linked to Iranian Oil Network Read More »
Summary U.S. employers added far more jobs in January than expected International Monetary Fund sees China economic growth slowing Whiting refinery power restored after outage NEW YORK, Feb 2 (Reuters) – Oil prices fell by about 2% on Friday and were headed for weekly losses after U.S. jobs data shrank the odds of imminent interest …
Oil Falls to End the Week as U.S. Jobs Data Dents Hope for Near-Term Rate Cuts Read More »
