DENVER – June 14, 20
FRANKFURT – Siemens Gamesa’s SGREN.MC profit warning last week served as a painful reminder for Christian Bruch, CEO of parent Siemens Energy ENR1n.DE, that there’s a big difference between owning a majority stake in an asset and having …
Oil prices rose more than 4% Wednesday, extending gains from the previous session as improved risk appetite provided support despite data showing an unexpected rise in U.S. oil inventories.
Brent crude futures gained $2.73, or 4%, to $72.08 a …
Orders of $5.1 billion for the quarter, up 12% sequentially and up 4% year-over-yea…
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U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 2.1 million barrels from the previous week. At 439.7 million barrels, U.S. crude oil …
A panic-induced sell-off in the oil market triggered by virus concerns has thrown the commodity’s upward march into question — but energy experts at Goldman Sachs don’t appear to be rattled.
Fears over the surging delta coronavirus variant and
LONDON — Carbon capture technology is often held up as a source of hope in reducing global greenhouse gas emissions, featuring prominently in countries’ climate plans as well as the net-zero strategies of some of the world’s largest oil …
BEIJING – Saudi Arabia was China’s biggest crude oil supplier in June for the eighth consecutive month, customs data showed on Tuesday, while shipments from United Arab Emirates and Kuwait fell further, possibly signalling slower imports of Iranian oil.…
NEW YORK – Crude oil futures rebounded on Tuesday as market participants vied to take advantage of oil’s two-month low hit in the previous session.
Monday’s selloff, spurred by demand destruction fears amid rising COVID-19 cases, pushed oil about …
LONDON – The global rebound from the COVID-19 pandemic is set to drive emissions of greenhouse gases that stoke climate change to all-time highs, the Paris-based International Energy Agency said in a report on Tuesday.
“We estimate that full
Oilfield company Halliburton Co on Tuesday said the industry was in the early stages of a multi-year up-cycle, as activity has rebounded from pandemic lows and pricing for some of its services has inched higher.
The Houston, Texas-based company …
DENVER – June 14, 20
LONDON – Faltering oil prices, triggered by concern over a third wave of the novel coronavirus and increased confidence OPEC+ would boost production, gave portfolio managers a chance to book profits on tactical short positions.
Hedge funds and other …
U.S. investment bank Goldman Sachs said the OPEC+ deal to boost oil supply supports its view on oil prices and expects modest “upside” to its summer forecast for Brent to reach $80 a barrel.
OPEC+, comprising the Organization of
West Texas Intermediate crude futures fell below the key $70 level Monday for the first time in more than a month as OPEC and its allies agreed to raise output, and as the delta Covid variant threatens global demand.…
DENVER – June 14, 20
This week’s Baker Hughes rig count shows that U.S. had an increase of 5 over last week, resulting in a total count of 484 rigs. Canada had an increase of 13 over last week, resulting in …
The U.S. Federal Energy Regulatory Commission (FERC) said on Thursday an Administrative Law Judge will determine whether units and traders at French energy company Total, now TotalEnergies SE TTEF.PA, manipulated the natural gas market in 2009-2012.
The case, …
WASHINGTON – President Joe Biden and German Chancellor Angela Merkel failed on Thursday to settle their dispute over Russia’s Nord Stream 2 natural gas pipeline but said they agreed that Moscow must not be allowed to use energy as …
TOKYO/SINGAPORE – Oil prices changed little on Friday, heading for their biggest weekly drop since March after supply concerns spooked investors, with OPEC likely to add more barrels amid expectations that demand is returning as more countries recover from …
DENVER – June 14, 20
The planet’s demand for electricity is set for a strong rebound this year and next after dropping by approximately 1% in 2020, according to a new publication from the International Energy Agency.
Released Thursday, the IEA’s Electricity Market Report …
Lonestar Resources US Inc. (OTCQX: LONE) (together with its subsidiaries, “Lonestar,” “…
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LONDON -Oil prices fell on Thursday, extending losses as investors braced for increased supplies after a compromise deal between leading OPEC producers and as U.S. fuel stocks rose, raising concerns over demand in the world’s largest consumer.
Brent crude …
DENVER – June 14, 20
Oil prices fell on Wednesday over fresh concerns about demand after data showed that China’s first-half crude imports dropped, but were still holding near a one-week high amid worries about supplies as the world recovers from the coronavirus
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 7.9 million barrels from the previous week. At 437.6 million barrels, U.S. crude oil …
BRUSSELS/LONDON – The European Commission on Wednesday put forward plans for the world’s first carbon border tax, on imports of carbon-intensive steel, aluminium, cement, fertilisers and electricity, as part of a programme to meet its new climate target.
The …
DUBAI, United Arab Emirates — The Organization of Petroleum Exporting Countries on Wednesday arrived at a deal after a nearly two-week standoff over its future oil production levels, according to reports by the Wall Street Journal and Reuters.…
