Petroteq Announces Agreement to Reprice Prior Debt Conversions
June 8, 2022
SHERMAN OAKS, CA / ACCESSWIRE / June 8, 2022 / Petroteq Energy Inc. (” Petroteq ” or the ” C…
EIA expects Russian oil output to take hit in 2023 from EU sanctions
June 8, 2022
World Oil (Bloomberg) — The European Union’s ban on seaborne imports of Russian petroleum in response to Russia’s invasion of Ukraine will lead to an 18% drop in the country’s fuel output by the end of next year, the Energy Information Administration (EIA) said in a monthly report. Production of Russian liquid fuels is set to reach 9.3 million barrels
Eni to join Exxon, Total, Shell, Conoco in Qatar’s mega-LNG expansion – sources
June 8, 2022
Yahoo Finance HOUSTON – Italian producer Eni has been picked, along with another four oil majors, by Qatar as partners in the near $30 billion expansion of the world’s largest liquefied natural gas (LNG) project, people with knowledge of the matter said on Wednesday. Exxon Mobil Corp, TotalEnergies SE, Shell, ConocoPhillips and Eni will participate in the North Field expansion,
Europe surpasses Asia as leading destination for US LNG exports
June 8, 2022
World Oil (Bloomberg) — Europe has dethroned Asia as the biggest destination for U.S. liquefied natural gas as the energy-starved region seeks to slash its dependence on Russian supplies. The U.S. sent nearly three quarters of all its LNG to Europe in the first four months of 2022, with daily shipments to the region more than tripling from last year’s
Oil prices face big volatility as spare capacity dries up
June 8, 2022
Nasdaq LONDON – After more than a year of pressure from the United States and other top oil consuming countries, OPEC+ finally agreed to accelerate oil supply increases last week to tame runaway fuel prices and slow inflation. But that will leave producers with very little spare capacity, and almost no room to compensate for a major supply outage. Tight
U.S. crude oil inventories increase by 2.0 million barrels
June 8, 2022
Weekly Crude Oil Storage as of June 3, 2022 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 2.0 million barrels from the previous week. At 416.8 million barrels, U.S. crude oil inventories are about 15% below the five year average for this time of year, according to the EIA crude oil and petroleum
2 Reasons Oil Is Rallying This Year – and 1 Reason it Might Fall
June 8, 2022
Oil prices are positively flying this year. In a period when the NASDAQ and S&P 500 are…
