Advantage Announces 2023 Budget and Three-Year Strategic Plan
December 1, 2022
Advantage Announces 2023 Budget and Three-Year Strategic Plan Canada NewsWire …
Summit Midstream Partners, LP Completes Bolt-on Acquisitions in the DJ Basin
December 1, 2022
Summit Midstream Partners, LP Completes Bolt-on Acquisitions in the DJ Basin PR Newswir…
TOURMALINE DECLARES QUARTERLY DIVIDEND
December 1, 2022
TOURMALINE DECLARES QUARTERLY DIVIDEND Canada NewsWire CALGARY, AB , …
Better Inflation Buy: Enbridge Stock or a GIC?
December 1, 2022
Enbridge ( TSX:ENB ) stock is a low-risk investment among stocks, but compared to GICs, it&…
NOG Announces Closing of Core Northern Delaware Basin Bolt-on Acquisition
December 1, 2022
Northern Oil and Gas, Inc. (NYSE: NOG) (“NOG”) today announced the closing of a pre…
Pulse Oil Corp. Announces Q3 Results
December 1, 2022
VANCOUVER, British Columbia, Dec. 01, 2022 (GLOBE NEWSWIRE) — Pulse Oil Corp., (“Pulse&#x…
Oil producer Canadian Natural Resources plans to pump record crude in 2023
December 1, 2022
World Oil (Bloomberg) — Canadian Natural Resources Ltd., Canada’s largest oil and gas producer, is aiming to raise production as high as 1 million barrels a day in 2023 for the first time as the company ramps up drilling amid historically high prices. Combined with natural gas, production is forecast to increase by 56,000 barrels of oil equivalent a
Why 2023 is likely to see much higher oil prices
December 1, 2022
Oil Price Earlier this week, oil prices plunged to 2022 lows as energy markets panicked about demand amid COVID chaos in China that has resulted in an unexpected and extraordinary manifestation of street protests and even calls for Chinese President Xi Jinping to step down. The market’s response to this, according to Rystad Energy, was an overreaction. Rystad believes
Oil price cap unlikely to hurt Russia’s revenue
December 1, 2022
Oil Price When the U.S. Treasury Secretary proposed capping the price of Russian export oil to curb Moscow’s revenues, oil prices spiked. The reason was that the price cap, aimed at reducing Russia’s means of funding the war in Ukraine, was seen as a risky move that could prompt Russia to respond by suspending oil exports. Indeed, Russia’s reaction was
Maduro demands oil sanctions be lifted before elections take place
December 1, 2022
Oil Price Venezuela’s President Nicolas Maduro called on Wednesday for the lifting of all sanctions against the country’s oil industry before he discusses the holding of free elections with the opposition. This weekend, the U.S. Administration eased some of the sanctions, allowing U.S. supermajor Chevron to resume limited natural resource extraction operations in Venezuela and oil and petroleum product exports to the United
Oil prices could fall without further OPEC+ cut, analysts say
December 1, 2022
BOE Report OPEC+ is widely expected to stick to its latest target of reducing oil production by 2 million barrels per day (bpd) when it meets on Sunday, but some analysts believe that crude prices could fall if the group does not make further cuts. The Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, a
U.S. urges caution on low-quoted Russian oil prices as EU debates price cap
December 1, 2022
Nasdaq NEW YORK – The Biden administration broke its silence on Wednesday on European Union deliberations over a $65-70 per barrel Russian oil price cap on Wednesday, warning far-lower prices cited for some Russian Urals crude shipments should be approached with caution. A U.S. official told Reuters that recently quoted Urals prices in the $52-a-barrel range do not
