Suncor Energy Increases Quarterly Dividend by 11% to $0.52 per Common Share
November 15, 2022
(All financial figures are in Canadian dollars) Calgary, Alberta–(Newsfile Corp. – November …
Civeo Announces a 5-Year Integrated Services Contract Renewal with Expanded Scope in Australia
November 15, 2022
Civeo Corporation (NYSE: CVEO) today announced that it was awarded a five-year contract…
Saudi wealth fund weighs IPO of $5 billion driller
November 15, 2022
World Oil (Bloomberg) — Saudi Arabia’s wealth fund is considering an initial public offering of oil and gas driller ADES International Holding by the first half of next year, as it accelerates efforts to raise billions of dollars for new investments, people familiar with the matter said. The Public Investment Fund is looking to hire investment banks for a
Column: Spot LNG prices defy history and fall as demand rises
November 15, 2022
Nasdaq LAUNCESTON, Australia – The spot price of liquefied natural gas (LNG) is still falling even though demand for the super-chilled fuel appears to be ticking higher in Asia and Europe, putting Adam Smith’s “invisible hand” theory to the test just as winter arrives. Both the weekly spot price assessment for cargoes for delivery to north Asia LNG-AS and the price
Washington’s oil supply spat with Saudi Arabia could backfire
November 15, 2022
World Oil Three weeks ago, President Joe Biden threatened Saudi Arabia with “consequences” after the kingdom that is the de facto leader of OPEC supported a decision to reduce oil production by about 1 million barrels daily. The U.S. president was so agitated because U.S. midterms were approaching, and his and his government’s rating was falling and gasoline prices were
Russian oil price cap, EU bans to stoke unprecedented uncertainty – IEA
November 15, 2022
Nasdaq LONDON – Looming European Union bans on seaborne exports of Russian crude oil and products along with a G7 price cap on those sales will create unprecedented uncertainty for oil markets already beset by high prices and deep economic challenges, the International Energy Agency said on Tuesday. “The approaching EU embargoes on Russian crude and oil product
Column: Oil investors set for supply fall to offset weak economy
November 15, 2022
Nasdaq LONDON – Investors expect a planned U.S. and EU price cap to disrupt Russia’s crude exports by enough to offset the impact of an economic slowdown on oil consumption, boosting prices. Hedge funds and other money managers bought the equivalent of 41 million barrels in the six most important petroleum futures and options contracts in the week
Oil prices slide on China COVID worries, cut in OPEC demand outlook
November 15, 2022
Nasdaq SINGAPORE – Oil prices slid on Tuesday as rising COVID-19 cases in China sparked fears of lower fuel consumption from the world’s top crude oil importer and after OPEC cut its 2022 global demand forecast. Brent crude futures LCOc1 fell 27 cents, or 0.3%, to $92.87 a barrel by 0416 GMT after settling down 3% on Monday. U.S. West Texas
TFSA Passive Income: How to Earn $305 Tax Free Each Month for Life
November 15, 2022
Canadian retirees and other Tax-Free Savings Account (TFSA) investors are searching for top…
Alpine Summit Energy Partners Announces Third Quarter 2022 Financial and Operating Results
November 15, 2022
Nashville, Tennessee and Vancouver, British Columbia–(Newsfile Corp. – November 15, 2022) – A…
