7 Dividend Stocks to Buy as Oil Prices Soar in 2023
May 11, 2023
2023-05-11 20:26:51 ET InvestorPlace – Stock Market News, Stock Advice & Trading Tips…
OPEC raises Chinese oil demand growth forecast further
May 11, 2023
Nasdaq LONDON – OPEC on Thursday further raised its forecast for Chinese oil demand growth in 2023 following the relaxation of the country’s COVID-19 curbs, although it left the global total steady citing potential downside risks for growth in other regions. World oil demand in 2023 will rise by 2.33 million barrels per day (bpd), or 2.3%, the Organization
Russian energy ministry briefs analysts on oil output -sources
May 11, 2023
Yahoo Finance Russia’s Deputy Energy Minister Pavel Sorokin held a call this month with Western analysts about country’s oil production, trying to convince them that Russia had reduced output as targeted, three sources with knowledge of the call told Reuters on Thursday. Russia has classified or delayed key statistics, including on oil production, since the start of what the Kremlin
Ecopetrol CEO calls for Colombia to drop ban on new oil exploration
May 11, 2023
World Oil (Bloomberg) – Ecopetrol SA’s top manager called for Colombia’s government to drop its opposition to new oil exploration, apparently revising his view that the ban was responsible. Chief Executive Officer Ricardo Roa told investors that he hoped more oil contracts and bidding rounds for exploration blocks would be forthcoming. “That’s what gives an oil company long-term stability,”
Better Buy: Suncor Stock or Baytex Energy Stock?
May 11, 2023
2023-05-11 13:15:00 ET The rebound in the TSX energy sector off the 2020 market crash…
Canadian operators restart oil and gas production as wildfires subside
May 11, 2023
Oil Price Major oil and gas operators in Canada’s energy-producing province of Alberta have restarted part of the production and processing facilities that were shut during the weekend as wildfires prompted an evacuation. Early this week, the wildfires in Canada resulted in the shut-in of 319,000 barrels of oil equivalent per day (boepd) from the country’s oil and natural gas
Tentative agreement reached to resume oil exports from northern Iraq
May 11, 2023
2023-05-11 12:16:57 ET May 11 (UPI) — The semi-autonomous Kurdish government in northe…
Saudi Aramco sees slowed progress on planned IPO of trading unit – sources
May 11, 2023
Nasdaq RIYADH – Saudi Aramco 2222.SE has seen progress slow for the planned initial public offering (IPO) of its energy trading unit, two sources with knowledge of the matter said on Thursday. Bloomberg earlier reported the oil giant would postpone the IPO, citing people with knowledge of the matter. Reuters reported in June last year that Aramco would merge Aramco Trading with Motiva
Oil prices turn negative in U.S. trading amid debt talks
May 11, 2023
BOE Report Oil prices erased earlier gains on Thursday during U.S. trading hours as a political standoff about the U.S. debt ceiling overshadowed a G7 finance leaders’ meeting, raising jitters about a possible recession in the world’s biggest oil consumer. U.S. West Texas Intermediate Crude futures dipped $1.11, or 1.53%, to $71.62. Brent crude was down $1.15, or 1.50%, to
Wholesale prices moderating slowly, U.S. data show
May 11, 2023
2023-05-11 10:08:13 ET May 11 (UPI) — Wholesale prices, minus food and energy, moderat…
Weekly Gas Storage: Inventories increase by 78 Bcf
May 11, 2023
Natural Gas Inventories as of May 5, 2023 The EIA has released its natural gas inventory report, showing a net increase of 78 Bcf as of May 5, 2023. Working gas in storage was 2,141 Bcf as of Friday, May 5, 2023, according to EIA estimates. This represents a net increase of 78 Bcf from the previous week. Stocks were
Enbridge: Buy, Sell, or Hold?
May 11, 2023
2023-05-11 06:48:00 ET Oil is not going to suddenly disappear So Enbridge’s (NYSE: EN…
