(Reuters) – Goldman Sachs sees less of a downside risk to oil prices from higher-than-expected inventories, noting that lower OECD commercial stocks could add $2 to its end-2023 Brent outlook of $86 per barrel. OECD commercial stocks, which the Wall Street investment bank estimated were equal to about a third of the more than 9 …
Goldman says oil stock draws cut bearish risk to Brent price Read More »
Dan Eberhart Dan Eberhart is CEO of Canary, LLC Originally Published in FORBES Don’t bet against America’s shale producers. Every oil market analyst should know this by now, but many still can’t resist calling an end to the shale boom. Most recently, experts said shale oil production would peak soon as U.S. drilling activity ebbed and …
Aug 22 (Reuters) – Cheniere Energy said on Tuesday it would supply 0.8 million tonnes per annum (mtpa) of liquefied natural gas (LNG) to Germany’s BASF. The United States has emerged as the world’s largest LNG exporter after Western sanctions on major supplier Russia left Europe scrambling to find alternate sources for the commodity. Cheniere …
Cheniere Energy Strikes LNG Supply Deal with BASF Read More »
Aug 21 (Reuters) – Power demand in Texas and other U.S. central states was on track hit record highs this week as homes and businesses crank up their air conditioning to escape another brutal heat wave moving slowly across the country. Economic and population growth has boosted electricity use in Sun Belt states like Texas, …
Heat wave to break power records in Texas and central U.S. this week Read More »
(Reuters) – Top U.S. energy companies last year paid out more of their earnings to shareholders than they invested in new oil and gas fields for the first time, according to a report released on Tuesday. The outlook for stronger energy prices has not changed the focus on investor returns from the U.S. industry, according …
U.S. Energy Firm Payouts to Oil Investors Top Exploration Spending for First time Read More »
MIDLAND, Texas and THE WOODLANDS, Texas, Aug. 21, 2023 (GLOBE NEWSWIRE) — Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) and Earthstone Energy, Inc. (“Earthstone Energy” or “Earthstone”) (NYSE: ESTE) today announced that they have entered into a definitive agreement under which Permian Resources will acquire Earthstone in an all-stock transaction valued at …
Energy companies will need to select for different skills and mindsets By Geoffrey Cann The energy worker of the future will require a different set of personal attributes than those normally selected for today. Energy companies may well find these attributes in short supply. One of my more interesting roles is the occasional advisory work …
Sculpting the Energy Worker of the Future – Geoffrey Cann Read More »
Summary China draws on record inventories amid high prices – data Bouyant price of heating oil lifts crude prices – analyst China economic sentiment, US rate hike risk continues to weigh LONDON, Aug 21 (Reuters) – Oil prices edged higher on Monday as tighter supply reflected in fewer exports from Saudi Arabia and Russia and …
Oil Edges up on Tighter Supplies, Heating Oil Prices Read More »
by EnergyNow Media Western Canada Select (WCS) is a type of heavy crude oil produced in Western Canada, primarily in the Alberta oil sands. WCS often trades at a discounted price compared to West Texas Intermediate (WTI), a benchmark light crude oil produced in the United States. There are several key reasons for this price …
Western Canada Select (WCS) vs WTI – Why is There a Discount? Read More »
The inspection devices are digital, an Asset Integrity Management (AIM) is in use – and still the digitalization in everyday life falls short of expectations? This usually has nothing to do with the components available so far, but rather with what is still missing: the link that fills all digital gaps in the inspection process …
PACS Makes Inspection Processes Round – An Interview With the CTO of DIMATE Read More »
