Oil

Auto Added by WPeMatico

Norway Oil and Gas Exploration Round Attracts Bids From 21 Firms

CDN and International News, Conventional Energy, Latest, Oil / By

Norway’s annual offshore exploration licensing round in mature areas attracted bids from 21 petroleum firms, including Shell, Aker BP and Equinor, the country’s oil and energy ministry said on Friday. “We need further exploration to make new discoveries which in turn pave the way for investments to maintain production,” Energy Minister Terje Aasland said in a …

Norway Oil and Gas Exploration Round Attracts Bids From 21 Firms Read More »

Trump’s Big Energy Plan Is… Recession?

Conventional Energy, Energy Topics & Technology, Gasoline, Latest, Natural Gas, Oil, US News / By

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 …

Trump’s Big Energy Plan Is… Recession? Read More »

High Fossil Fuel Use Highlights U.S. Power Transition Challenge

Conventional Energy, Hydro, Latest, Natural Gas, Nuclear, Oil, Renewable Energy, Solar, US News, Wind / By

(Reuters) – Fossil fuels continue to rule the roost in the United States’ power sector, despite clean energy sources being rolled out at the fastest pace in history. For the past decade, U.S. power generators have prioritized clean power sources over fossil fuels, and since 2014 they have lifted clean electricity generation capacity by over …

High Fossil Fuel Use Highlights U.S. Power Transition Challenge Read More »

Canada Oil Industry Group Calls for Changes to Anti-Greenwashing Laws

CDN and International News, Conventional Energy, Energy Topics & Technology, Environment, Latest, Natural Gas, Oil / By

(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 Sees OPEC+ Holding Output Steady for Another Year

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC / By

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 »

Venezuela’s Oil Exports Climb to Four-Year High in August

CDN and International News, Conventional Energy, Latest, Oil / By

(Reuters) – Venezuela’s August oil exports hit their highest in more than four years, according to shipping data, fueled by expanded shipments to China, the U.S. and Europe as the risk of fresh U.S. sanctions grew amid an electoral dispute. The U.S. Treasury Department last year granted a broad license allowing Venezuela to freely export …

Venezuela’s Oil Exports Climb to Four-Year High in August Read More »

US Crude and Distillates Inventories Fall, Gasoline Stocks Rise, EIA Says

Conventional Energy, Latest, Oil, US News / By

(Reuters) – U.S. crude stocks and distillate inventories fell while gasoline stocks rose in the week ending August 30, the Energy Information Administration (EIA) said on Thursday. Crude inventories fell by 6.9 million barrels to 418.3 million barrels in the week, the EIA said, compared with analysts’ expectations in a Reuters poll for a 993,000-barrel …

US Crude and Distillates Inventories Fall, Gasoline Stocks Rise, EIA Says Read More »

API Shows Weekly US Crude, Fuel Stockpiles Fall, Market Sources Say

Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, Oil, US News / By

(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 »

Citi Says 2025 Oil Prices Could Average $60/bbl Without Deeper OPEC+ Cuts

Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC, US News / By

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 »

Subscribe
Subscribe