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January 12, 2022

Column: U.S. energy-related emissions likely to rise in 2022 and 2023- oil and gas 360

Column: U.S. energy-related emissions likely to rise in 2022 and 2023

January 12, 2022

Reuters U.S. energy-related carbon dioxide emissions are forecast to rise this year and next as strong economic growth overwhelms increases in energy efficiency, deployment of renewables and roll-out of electric vehicles. The anticipated increase in emissions shows the United States is far off track to reach net zero by 2050, despite ambitious statements by top policymakers in the Biden administration. Energy-related emissions are

U.S. pushes forward on clean energy with plan for record offshore wind sale- oil and gas 360

U.S. pushes forward on clean energy with plan for record offshore wind sale

January 12, 2022

Nasdaq Jan 12 – The Biden administration on Wednesday outlined a range of measures to speed the growth of clean energy on the U.S. power grid, including the government’s largest ever sale of offshore wind leases in waters off the coast of New York and New Jersey.   The announcement, which seeks to advance President Joe Biden’s ambitious climate change

South America’s oil giant and upcoming star looking to forge strategic partnership- oil and gas 360

South America’s oil giant and upcoming star looking to forge strategic partnership

January 12, 2022

Oil Now South American oil giant, Brazil, and Guyana, the world’s hottest exploration hotspot with an incredible string of discoveries in the Stabroek Block, are poised to deepen their bilateral relations.   Towards this end, Guyana’s President, Dr. Irfaan Ali held a teleconference on Monday with his counterpart President of the Federative Republic of Brazil, Jair Bolsonaro, to discuss his

OPEC targeting oil prices below $100, Oman’s oil minister says- oil and gas 360

OPEC targeting oil prices below $100, Oman’s oil minister says

January 12, 2022

World Oil LONDON (Bloomberg) –OPEC and its allies don’t want crude prices to climb to $100 a barrel, and are reviving production quickly enough to prevent global markets from “overheating,” Oman’s oil minister said. The Organization of Petroleum Exporting Countries and its allies, a 23-nation group led by Saudi Arabia and Russia, continues to restore output halted during the pandemic

U.S. crude stockpiles fall to 2018 lows, gasoline inventories surge - EIA- oil and gas 360

U.S. crude stockpiles fall to 2018 lows, gasoline inventories surge – EIA

January 12, 2022

Reuters Crude inventories fell by 4.6 million barrels in the week to Jan. 7 to 413.3 million barrels, compared with analysts’ expectations in a Reuters poll for a 1.9 million-barrel drop.   US crude inventories have dropped for seven consecutive weeks, and overall inventories have been tightening across the globe as major producers struggle to increase supply even as demand

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