Oil fell to around $30 a barrel on Wednesday as a report showing a higher-than-expected rise in U.S. inventories offset hopes for a recovery in demand as some countries ease coronavirus lockdowns.
Brent crude has almost doubled since hitting …
HOUSTON – Texas energy regulators on Tuesday said they will not mandate oil production cuts, ending a month-long debate about whether or not they would wade into global oil politics for the first time in 50 years as crude …
How bad is the situation for the oil and gas industry in the U.S. right now? Let’s take a look at some compelling recent data points:
UBS expects a pick-up in oil demand as virus-hit economies relax lockdowns and travel restrictions ease this month, with production to be subdued on the backdrop of current low prices and aggressive capital spending cuts by oil and gas …
Oil prices surged on Tuesday as optimism around ongoing production cuts and a recovery in demand with the reopening of economies around the world pushed prices higher.
West Texas Intermediate, the U.S. benchmark, jumped 18.2%, or $3.72, to …
Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail. The best 5 min summary of the energy markets. We cover the the key issues of the day. The international news desk asks the question
LONDON – Hedge funds and other money managers bought petroleum derivatives last week in the cautious hope the industry may have passed the worst point of the coronavirus-induced lockdowns.
Money managers purchased the equivalent of 41 million barrels in …
Lower crude production due to reduced activity and OPEC+ cuts, coupled with a partial recovery in oil demand, should drive prices higher next year, Goldman Sachs Equity Research said in a note.
The Wall Street bank raised its 2021 …
A vast renewable energy scheme has been recommended for environmental approval by Western Australia’s Environmental Protection Authority (EPA).
The Asian Renewable Energy Hub is a planned development in the East Pilbara area of Western Australia. Set to cover 6,500 …
BRASILIA – Brazilian state-owned oil giant Petrobras said on Monday it exported a record 1 million barrels of oil a day in April, beating the previous record of 771,000 barrels a day in December last year.
In a securities …
NEW YORK (Reuters) – Oil executive Bill Kent was with fellow managers in the Colorado board room of Resource Energy headquarters on April 20 when benchmark U.S. crude prices collapsed to minus $37 a barrel. Sitting six feet apart …
The gang is back for another wild episode of the 360 DCB! Michael and Stu start by over-viewing earnings season so far and see if their are any clues for the rest of the earnings calls this season. They then
LONDON – Global oil markets are showing early signs of rebalancing after production cuts by OPEC and the United States, with the market’s pricing structure indicating that storing oil on idle tankers may soon no longer be profitable, Mercuria …
Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail. This already shaping up to be a continued crazy week with international news and great interviews! This is the best 5 min summary for the
LONDON – Oil rose further above $26 a barrel on Friday as OPEC and its allies embarked on record output cuts to tackle a supply glut due to the coronavirus crisis that has been weighing on the market.
The …
The duo is LIVE for Episode #12 for the 360 Digital Closing Bell for another wild week in energy. Michael starts by overview the big news that the Trump Administration is considering multiple lending methods to help struggling OG companies
Oil and gas exploration and production companies, or E&Ps, are slated to lose a staggering $1 trillion in revenues in 2020, according to analysis by research firm Rystad Energy.
The E&P industry, which includes oil majors, made $2.47 …
Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail. This already shaping up to be a continued crazy week with international news and great interviews! This is the best 5 min summary for the
LONDON – Oil prices jumped for a second day on Thursday, lifted by signs the U.S. crude glut is not growing as quickly as expected and clawing back ground at the end of a month of tumbles wrought by …
Oil giant Royal Dutch Shell on Thursday cut its dividend to shareholders for the first time since World War II, following a dramatic slide in oil prices amid the coronavirus crisis.
The board at Shell said it had decided
U.S. liquefied natural gas company Cheniere Energy Inc cut its growth estimates for LNG exports and investment in new projects industry-wide due to the slump in energy markets and the COVID-19 pandemic.
Fuel demand is down 30% worldwide as …
The International Energy Agency said Thursday it expects global energy demand to plunge this year in what the Paris-based agency called the biggest drop since World War II.
With roughly 4.2 billion people around the world subject to some …
WASHINGTON/LONDON/DUBAI – As the United States pressed Saudi Arabia to end its oil price war with Russia, President Donald Trump gave Saudi leaders an ultimatum.
In an April 2 phone call, Trump told Saudi Crown Prince Mohammed bin Salman …
CALGARY, Alberta, April 29, 2020 (GLOBE NEWSWIRE) — Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) (www.razor-energy.com) is pleased to announce its fourth quarter and year end 2019 financial and operating results. Selected financial, operational …
US oil production of at least 300,000 oil barrels per day (bpd) will be shut during May and June, according to a Rystad Energy analysis of early communication from US oil producers. It is unclear how much of …
Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail. This already shaping up to be a wild week with interesting news and great interviews! This is the best 5 min summary for the energy
Oil prices jumped more than 20% on Wednesday following a report that showed a smaller-than-expected build in U.S. inventories, as well as on the hope that economies will reopen sooner than expected.
West Texas Intermediate for June delivery surged …
