(Oil Price) – Global investments in green energy solutions topped $2 trillion last year, for the first time ever, but the world needs to pour in $5.6 trillion each year into low-carbon energy to get on track for global net zero by 2050, in line with the Paris Agreement, BloombergNEF said in a new report on Thursday. Last year, green energy investments reached a record
(Investing) – HOUSTON -Oil prices were held in check on Thursday by threatened U.S. tariffs on Canadian and Mexican crude that could take effect this weekend. Brent crude futures were up 27 cents at $76.85 a barrel at 11:05 a.m. CST (1705 GMT). U.S. crude futures were up 13 cents to $72.75. U.S. crude futures had settled at their lowest price this year
(Oil Price) – Canada will not let the oil-producing province of Alberta suffer the biggest blow of any Canadian retaliatory tariffs in response to potential U.S. import levies, said Jonathan Wilkinson, Canadian Energy and Natural Resources Minister. The potential tit-for-tat tariffs have created concern that Alberta, the oil heartland of Canada, would be hurt by possible restrictions on Canadian crude oil
(BOE Report) – Private equity firm NGP Energy Capital Management is exploring a sale of natural gas producer Camino Natural Resources, which may achieve a valuation of around $2 billion including debt, sources familiar with the matter said on Thursday. Among the largest remaining private producers in the Anadarko basin of Oklahoma, Camino covers around 135,000 net acres. Owner NGP
(World Oil) – Cummins and Liberty Energy have announced that the industry’s first natural gas variable speed, large displacement engine to power Liberty’s digiPrime hydraulic fracturing platform will be deployed in the first half of 2025. The companies entered into a strategic partnership in June 2024 to jointly develop the revolutionary technology for the completions services market. Cummins HSK78G natural
(Investing)– LONDON – Global investment in low-carbon energy transition exceeded $2 trillion for the first time last year, a report by BloombergNEF showed on Thursday. WHY IT’S IMPORTANT Countries around the world are investing in and developing cleaner sources of power and infrastructure to meet climate targets under the Paris Agreement but many experts say the pace is not fast enough.
Natural Gas Inventories as of January 24, 2025 The EIA has released its natural gas inventory report, showing a net decrease of 321 Bcf as of January 24, 2025. Working gas in storage was 2,571 Bcf as of Friday, January 24, 2025, according to EIA estimates. This represents a net decrease of 321 Bcf from the previous week. Stocks were
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