CNBC Oil prices could stay at higher levels in the years to come as demand rebounds while supply remains tight, according to Goldman Sachs’ head of energy research. Damien Courvalin, who is also a senior commodity strategist, said the market fundamentals warrant higher prices and that the bank’s forecast for Brent crude is $85 per barrel for the next several
Publisher’s Note: Dan Genovese with EnerCom sat down with Robert Piconi, co-founder and Chief Executive Officer of Energy Vault, developer of a gravity-based, grid-scale, cost effective energy storage solution for wind and solar. Energy Vault’s energy storage systems are designed to be cost-efficient, reliable, safe to operate and environmentally sustainable over a 35 year technical life, using gravity to store
It’s official: we’ve broken another national record. This week, the avera…
World Oil (Bloomberg) –Oil’s stability relative to natural gas and coal underscore that OPEC+ is doing a good job balancing supply and demand, said the energy ministers of Saudi Arabia and Russia. While crude has jumped to a three-year high above $80 a barrel, the increase has been nothing compared to volatility seen with gas and coal prices, Saudi Energy
Despite a massive rally in the Canadian equity markets over the last 20 months, few com…
CNBC Surging natural gas prices have led to a jump in coal use, with plants in Europe and Asia firing back up as temperatures decline and the world grapples with worsening gas shortages. TotalEnergies CEO Patrick Pouyanne on Wednesday stressed the need to achieve price stability, contending that lower gas prices will reduce the need to rely on the higher-polluting
World Oil (Bloomberg) –European gas futures continued their march upwards on Thursday, even after Russia pledged to deliver as much supply as the continent needs. Europe’s largest gas supplier is ramping up deliveries in line with requests from customers and is “prepared to discuss any additional steps” to stabilize the market, President Vladimir Putin said on Wednesday. He blamed the
Rising energy demand amid the economic recovery has been driving oil prices upward. And becau…
Whiting Petroleum Corporation (New) (NYSE:WLL) traded at a new 52-week high today of $64….
Shares of Ovintiv Inc. (DE) (NYSE:OVV) traded today at $40.12, eclipsing its 52-week high…
Enbridge Inc (NYSE:ENB) traded at a new 52-week high today of $42.58. Approximately 781,0…
Reuters LONDON – A global energy crunch is expected to boost oil demand by 500,000 barrels per day (bpd) and could stoke inflation and slow the world’s recovery from the COVID-19 pandemic, the International Energy Agency (IEA) said on Thursday. Oil and natural gas prices have soared to multi-year highs recently, sending power prices surging to record levels as widespread
