By Andrew Nichols: EnerCom Since August 2020, the number of United States oil and gas rigs steadily increased up to 470 oil rigs. The increase in oil rigs brings in more business and causes the price of shares for service companies to go up as shown by the OSX Index. This is a price-weighted index composed of 15 companies that
Reuters LONDON – Leading international energy companies are resisting the temptation to rush and spend an unexpected windfall from rallying oil and natural gas prices as they focus on longer-term energy transition challenges, executives and analysts said. Benchmark crude oil prices more than doubled in the second quarter of 2021 from a year earlier and have risen further in recent
The June 2021 short-term energy outlook (STEO) report by the U.S. Energy Information Admini…
Reuters LAUNCESTON, Australia – The rally in spot liquefied natural gas (LNG) prices in recent weeks has been framed as being led by robust demand in Asia and in Europe as the northern hemisphere deals with hotter-than-usual temperatures. Although this certainly has a strong influence on prices, the narrative has downplayed issues surrounding supply of the super-chilled fuel, with declining
Reuters MOSCOW/LONDON – OPEC+ is yet to make progress closing divisions between Saudi Arabia and the United Arab Emirates that last week prevented a deal to raise oil output, making another policy meeting this week less likely, OPEC+ sources said. Russia has been working behind the scenes to bring Riyadh and Abu Dhabi back to the table to find a
M&A Hot Streak Returns As 2Q21 Value Reaches $33 Billion M&A Hot Streak…
For those who thought last week was action-packed with U.S. indices to new all-time highs, …
Pilot Flying J, HEINZ and Oscar Mayer Foodservice Celebrate Summer Traditions and the All…
Calgary, Alberta–(Newsfile Corp. – July 12, 2021) – Bonavista Energy Corporation (“Bonavista”…
Reuters LONDON -Oil prices slipped on Monday as concerns about slowing global growth outweighed the prospect of tightening supply after talks among key producers to raise output in coming months stalled. Brent crude for September fell 89 cents, or 1.2%, to $74.66 a barrel by 1410 GMT. U.S. West Texas Intermediate crude for August was at $73.55 a barrel, down
The Toronto Stock Exchange (TSX) fell 229.40 points on July 9, 2021 — its worst day …
Energy Harbor Partners with Standard Power to Provide Carbon-Free Nuclear Power to New Oh…
