(Reuters) – Oil prices jumped more than 1% on Friday as the dollar firmed ahead of an eagerly awaited speech by the head of the U.S. Federal Reserve for hints on the outlook for interest rates. Brent crude rose 93 cents, or about 1.1%, to $84.29 a barrel by 1104 GMT. U.S. West Texas Intermediate …
Oil Gains 1% as Investors Await Fed’s Powell Speech Read More »
In last night’s debate, some candidates made good points about energy. But there’s a lot of room for improvement. By Alex Epstein During and after last night’s Republican Primary debate I got a bunch of messages praising the candidates for using some of my Energy Talking Points.¹ One top Senate staffer wrote me: “I think your …
How I would debate energy and climate if I were running for President – Alex Epstein Read More »
Global oil inventories, already near a six-year seasonal low, slumped sharply over the past month with OPEC+ production cuts and resurgent demand starting to affect the supply of crude.Worldwide onshore stockpiles were seen at about 3.37 billion barrels as of Wednesday, a slump of about about 60 million barrels from a month earlier, according to …
Plunging Oil Stockpiles Show ‘Significant’ Market Deficit Read More »
A controversial pipeline expansion that’s set to boost Canada’s oil shipments to the Pacific Coast is facing the prospect of a costly delay just months before its scheduled startup. Trans Mountain is seeking a route change after running into engineering challenges while drilling a tunnel in British Columbia, according to an Aug. 10 letter filed with the …
Trudeau’s Trans Mountain Oil Pipeline at Risk of More Delays With Route Change Read More »
Courtesy of Space Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE Earthlings are channeling their inner Slim Shady, planning an Encore trip to the Moon and ready to say “Guess who’s back, back again”. From Russia’s recent failed lunar mission to China’s discovery of helium-3 last year to NASA’s Artemis program, the space race has lifted off again. But …
Mining on the Moon: Not the Pie in the Sky Idea It Used to Be – ENERGYminute Read More »
Saudi Arabia will likely roll over a voluntary oil cut of 1 million barrels per day for a third consecutive month into October, five analysts said, amid uncertainty about supplies and as the kingdom targets drawing down global inventories further. OPEC+, which groups the Organization of the Petroleum Exporting Countries and allies led by Russia, …
Saudi Arabia will likely roll over 1 million bpd cut into October, analysts say Read More »
(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 »
