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Sharp declines in gasoline prices tend to come with economic downturns or other nasty market shocks, not by presidential decree. By Liam Denning Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column. Former President …
(Reuters) – The Canadian Association of Petroleum Producers (CAPP) on Thursday urged the country’s Competition Bureau to make changes to anti-greenwashing legislation passed earlier this year, and repeated calls for recent amendments to the law to be scrapped entirely. CONTEXT The Competition Bureau is developing guidance on how companies should interpret recent changes to Canada’s Competition …
Canada Oil Industry Group Calls for Changes to Anti-Greenwashing Laws Read More »
JPMorgan expects OPEC+ to maintain its current production levels for at least another year, leading to an average price of $75 for Brent crude in 2025, JP Morgan said in a note on Thursday. The Organization of the Petroleum Exporting Countries (OPEC) and allies, together called OPEC+, on Thursday said they agreed to delay a …
JPMorgan Sees OPEC+ Holding Output Steady for Another Year Read More »
By Ernest Scheyder Piedmont Lithium’s headquarters is seen in Belmont, Gaston County, North Carolina, U.S., July 16, 2021. Picture taken July 16, 2021. REUTERS/Ernest Scheyder/File Photo Summary CEO cites market conditions, plans to reapply for DOE loan later Company faces financial stress amid 83% drop in lithium prices Piedmont cancels Tennessee project, N.Carolina plans face delays …
Piedmont Lithium Pulls U.S. Government Loan Application as Prices Slump Read More »
(Reuters) – U.S. natural gas company Williams Cos is on track to add 12 projects representing about 4.2 billion cubic feet per day (bcfd) of capacity from 2024-2027, company CEO Alan Armstrong said at the Barclays CEO Energy-Power Conference on Wednesday. The additions come after the company placed 17 projects representing about 5.0 bcfd of …
(Reuters) – U.S. crude oil and fuel inventories fell last week, according to market sources citing American Petroleum Institute figures on Wednesday. The API figures showed crude stocks fell by 7.431 million barrels in the week ended Aug. 30, the sources said, speaking on condition of anonymity. Gasoline inventories fell by 336,000 barrels, and distillates …
API Shows Weekly US Crude, Fuel Stockpiles Fall, Market Sources Say Read More »
Sept 4 (Reuters) – If producer group OPEC+ doesn’t reduce production further, the average price of oil could drop to $60 per barrel in 2025 due to reduced demand and increased supply from non-OPEC countries, Citi said in a note on Wednesday. Citi said that while a technical rebound was possible, the market could lose …
Citi Says 2025 Oil Prices Could Average $60/bbl Without Deeper OPEC+ Cuts Read More »
Targa viewed Williams’s overture as undervaluing company Targa’s market value now $33 billion after shares gain Targa Resources Corp. rebuffed informal takeover interest from larger rival Williams Cos. in recent months, people with knowledge of the matter said, in another signal of sustained appetite for consolidation in the pipeline industry. The Houston-based natural gas pipeline operator viewed the …
Targa Resources Rebuffed Takeover Interest From Larger Rival Williams Read More »
Oil pricing agency Argus launched on Wednesday three daily price quotes for crude exported from western Canada’s newly expanded Trans Mountain (TMX) pipeline amid rising demand for the oil from Asia. The agency will assess prices of crude loaded from the TMX pipeline onto Aframax-sized tankers capable of carrying 80,000 metric tons (584,000 barrels) …
Argus Launches Three Price Quotes for Trans Mountain Oil Pipeline Exports Read More »
(Reuters) – OPEC+ is discussing a delay in a planned output increase next month as oil prices hit their lowest in 9 months, three sources from the producer group told Reuters on Wednesday. Oil prices have been falling together with other asset classes on concerns about a weak global economy and particularly soft data from …
OPEC+ Discussing Delay to Planned Oil Output Hike in October Read More »
