Markets end the week red off fresh highs in COVID-19 cases and stimulus talks break down, driving the Dow Jones down over 450 pts. Tech shares lag as $AAPL reports weaker earnings off the back of slumping iPhone sales.
WASHINGTON/NEW YORK – Democratic presidential nominee Joe Biden, seeking to allay concerns that his plan to fight climate change would harm the economy, has promised a “clean energy revolution that creates millions of unionized middle-class jobs” if he’s elected.…
LONDON – OPEC oil output has risen for a fourth month in October, a Reuters survey found, as a restart of more Libyan installations and higher Iraqi exports offset full adherence by other members to an OPEC-led supply cut …
Oil & Gas 360 Publishers Note: The interdependence of Hydrogen and Natural Gas is being confirmed again. Hydrogen does not become economical with out Natural Gas and it’s infrastructure. – This is a good thing having the balance to …
Energy Transfer LP (NYSE:ET) today released its 2019 Community Engagement Report. The r…
…Bulls are back! Stock soar ahead of big tech earnings and better than expected GDP growth for the US. U.S. gross domestic product for the third quarter expanded at a 33.1% annualized pace, its fastest growth ever. The reading came
The Trump administration on Thursday held an auction for oil and gas leases on more than 7,000 acres in New Mexico, its last before a U.S. election that is expected to determine the future of drilling on public lands.…
NEW YORK – Oil prices tumbled by more than 4% on Thursday, dropping to a five-month low and extending the previous day’s sharp decline on the impact renewed coronavirus lockdowns could have on oil demand.
December Brent crude futures …
DOE
WASHINGTON, D.C. – Today, the U.S. Department of Energy’s (DOE) Office of Fossil Energy (FE) announced selection of four projects for cost-shared research and development under the funding opportunity announcement (FOA), DE-FOA-0002180, Design Development and System Integration Design Studies …
DUBAI/BAGHDAD/LONDON – Gulf OPEC producers the United Arab Emirates and Kuwait, as well as Iraq, are debating whether they should roll over existing oil supply cuts into 2021, as they struggle to stick to their agreed reductions, OPEC and …
Another day, another red showing for all major indices as COVId-19 lockdown concerns sweep over the markets. Dow Jones finishes below 27,000 for the first time since mid April as investor swarm to save-haven assets. Even NQ takes a hit,
EIA
The U.S. Energy Information Administration (EIA) expects that members of the Organization of the Petroleum Exporting Countries (OPEC) will earn about $323 billion in net oil export revenues in 2020, the lowest level in 18 years (Figure 1). EIA …
LONDON – Cargill, one of the world’s biggest charterers of ships, is working with technology partners to fit sails on vessels in its fleet to cut carbon emissions through harnessing wind power, the U.S. agribusiness group said on Wednesday.…
Biden’s Vacillating on Fracking Could Put America at Risk, said Energy Industry Leader Fr…
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Oil rose on Tuesday towards $41 a barrel as oil companies shut down some U.S. Gulf of Mexico oil output due to a hurricane, although surging coronavirus infections and rising Libyan supply limited gains.
Companies including BP, Chevron and …
Stocks fall again amid renewed COVID-19 pressures ahead off the 2020 presidential election. Major indices (beside NQ) turn red toward the end of the session, with NQ finding slightly green action due to stay at home orders
LONDON – Saudi Arabia and Russia will probably agree to extend their oil production cuts and postpone planned increases when they meet for talks with their OPEC+ partners at the end of November.
For tactical reasons, both countries are …
Should Joe Biden win November’s U.S. presidential election, there could be a number of changes in energy policy.
Here are the issues at stake:
President Donald Trump’s unilateral sanctions on OPEC members Iran and Venezuela have …
Image: Deepwater Gunashli platform, Caspian Sea, offshore Azerbaijan. Source: BP By…
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LONDON – OPEC’s secretary general said on Monday an oil market recovery may take longer than hoped as coronavirus inflections rise around the world, and OPEC and its allies would “stay the course” in balancing the market.
The Organization …
A truce in Libya has busted open a renewed source of oil supply, further threatening the commodity’s faltering recovery from its historic drop earlier this year.
Libya’s main warring factions signed a purportedly permanent truce last week, a month …
HOUSTON – Oil producers on Monday were evacuating offshore production platforms in the U.S. Gulf of Mexico as the 27th named storm of the season strengthened overnight and looked likely to threaten the United States as a hurricane.
BP, …
