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(Reuters) – Goldman Sachs expects Brent prices to average around $80 per barrel this year, despite a 2024 deficit and geopolitical uncertainty, citing an anticipated 0.4 mb/d surplus next year, the bank said in a note on Thursday. “Our base case is that Brent stays in a $70-85 range, with high spare capacity limiting price …
Goldman Sachs Expects Oil Prices to Average Around $80/bbl in 2024 Read More »
By Gavin Maguire (Reuters) – President-elect Donald Trump’s support for the fossil fuel sector and climate scepticism have sparked dismay throughout the global climate tracking community, and fears that his policies may reverse global energy transition momentum. His campaign speeches included pledges to boost domestic oil and natural gas output and to remove mandates on electric …
COMMENTARY: Gauging The likely Trump Effect on U.S. Energy & Power Sectors Read More »
Summary Wright says fossil fuel extraction can end poverty Trump’s DOE pick seen pursuing ‘energy dominance’ agenda Wright does not view carbon emissions as pollution (Reuters) – President-elect Donald Trump’s pick to lead the energy department believes fossil fuels are the key to ending world poverty which, he says, is a greater problem than climate …
Trump Energy Pick Wrote ESG Report Hailing Oil, Gas, Downplaying Climate Worry Read More »
By Reuters (Reuters) – The global oil market is balanced thanks to the actions of OPEC+ countries and compliance with its quotas, Russian Deputy Prime Minister Alexander Novak said on Friday following a Russia-OPEC meeting. OPEC+ countries, which are pumping around half the world’s oil, are taking all necessary decisions to maintain market stability, Novak also …
Russia’s Novak Says Oil Market Balanced Thanks to OPEC+ Read More »
(Reuters) – Oil prices held steady on Friday, on track for a weekly rise of 5%, as the Ukraine war intensified and Chinese imports were set to increase in November. Brent crude futures climbed 33 cents, or 0.44%, to $74.56 a barrel by 1008 GMT. U.S. West Texas Intermediate crude futures rose 27 cents, or …
Oil Heads for Weekly Gains as Ukraine War Intensifies Read More »
.Korea and Turkey have opposed a deal during OECD’s Paris talks EU, US working to finalize deal this week on financing cuts The EU, US and other countries are hammering out a plan to throttle tens of billions of dollars of financial support for foreign oil and gas projects, weeks before President-elect Donald Trump moves into the …
Europe and U.S. Push for Oil-Funding Curbs Deal to Outlast Trump Read More »
Summary Container shipping firms are at the vanguard of the green push Order books reflect uncertainty over supplies of cleaner fuels Dual-fuel LNG ships make up the bulk of container ship orders Shippers invest in other green fuels like methanol, ammonia, hydrogen LOS ANGELES, Nov 21 (Reuters) – Container shipping companies like Maersk , CMA …
Container Shippers Hedging Green Transition with Dual-Fuel Vessel Orders Read More »
(Reuters) – U.S. crude stocks and gasoline inventories rose while distillate stockpiles fell in the week ending November 15, the Energy Information Administration said on Wednesday. Crude inventories rose by 545,000 barrels to 430.3 million barrels last week, the EIA said, compared with analysts’ expectations in a Reuters poll for a 138,000-barrel rise. Crude stocks …
US Crude Stocks and Gasoline Inventories Rise, Distillate Stocks Fall, EIA Says Read More »
(Reuters) – U.S. Gulf Coast commercial crude oil imports rose to 2 million barrels per day (bpd) last week, the highest since July 2020, data from the U.S. Energy Information Administration showed on Wednesday. The data, which excludes purchases made for the country’s Strategic Petroleum Reserve, showed Gulf Coast crude oil imports rose by about …
US Gulf Coast Crude Oil Imports Rise to Over Four-Year High, EIA Says Read More »
(Reuters) – OPEC+ will have little room to manoeuvre on oil policy when it meets in December: it would be risky to increase output because of weak demand, and difficult to deepen supply cuts because some members want to pump more, sources and analysts said. The Organization of the Petroleum Exporting Countries and its allies …
OPEC+ May Stick With Deep Oil Cuts for Longer Due to Weak Demand Read More »
