OPEC Trims 2022, 2023 Forecasts For Global Oil Demand Growth: ‘Risks Skewed To Downside’
October 12, 2022
The Organization of the Petroleum Exporting Countries on Wednesday reduced its 2022 for…
OPEC raised oil production in September but remained below target
October 12, 2022
Oil Price OPEC raised its crude oil production by 146,000 barrels per day (bpd) in September compared to August, but the ten OPEC members in the OPEC+ pact still had their total output well below the target level under the agreement. OPEC’s oil production rose to 29.767 million bpd last month, according to secondary sources in the cartel’s closely
Can grid expansion keep up with surge in solar power generation?
October 12, 2022
Oil Price As the capacity to generate wind and solar power continues to expand around the world, hopes of accelerating the phase-out of coal as the leading source of electricity may depend on the expansion of a less discussed but equally important part of the energy supply chain: electricity grids. Countries around the world are working to shift to more sustainable
Oil prices extend decline on recession fears, China COVID curbs
October 12, 2022
BOE Report Oil prices fell for a third straight session on Wednesday as investors fretted about a hit to fuel demand from growing risks of a global recession and tightening COVID-19 curbs in China. Brent crude futures fell 51 cents, or 0.5%, to $93.78 a barrel by 0033 GMT. U.S. West Texas Intermediate crude was at $88.66 a barrel,
Baytex to appoint Eric Greager as President and CEO
October 12, 2022
Oil and Gas 360 CALGARY, ALBERTA (October 11, 2022) – Baytex Energy Corp. (TSX: BTE) today announced that Eric Greager is to be appointed President and Chief Executive Officer and a member of the Board of Directors. Mr. Greager is expected to start the role on November 4, 2022. He will replace Ed LaFehr who announced his intention to retire
Biden says Saudi Arabia will face consequences for OPEC+ decision
October 12, 2022
Oil Price There will be some consequences for Saudi Arabia for its decision together with Russia to steer OPEC+ into a large oil production cut, U.S. President Joe Biden told CNN in an exclusive interview on Tuesday. It is time the U.S. rethinks its relationship with Saudi Arabia after the Kingdom, together with Russia, decided at last week’s OPEC+ meeting to
3 Unstoppable Dividend Stocks for Canadian Investors
October 12, 2022
If you’re worried about the ongoing market selloff , you should try to minimize …
Upstream M&A Tops $16 Billion in 3Q22
October 12, 2022
Upstream M&A Tops $16 Billion in 3Q22 Upstream M&A Tops $16 Billion in …
Putin says OPEC+ production cut is not targeted against anyone
October 12, 2022
World Oil (Bloomberg) — Decisions of the Organization of Petroleum Exporting Countries and its allies are designed to stabilize global energy markets and are not targeted against anyone, Russian President Vladimir Putin insisted. The OPEC+ alliance, co-chaired by Russia and Saudi Arabia, last week agreed to cut its production by 2 million barrels a day, the biggest reduction since
