Energy News

The Energy Venture Investment Summit: SAVE THE DATE: See you on February 10-11, 2021!

The Energy Venture Investment Summit: SAVE THE DATE: See you on February 10-11, 2021!

Oil & Gas 360


Publisher’s Note: SAVE THE DATE! The Energy Venture Investment Summit, on February 10-11, 2021. Registration opening soon. See YOU in February!

Due to the pandemic, the conference will be hosted virtually on EnerCom’s proprietary energy news

November 30, 2020 - 3:45 pm Closing Bell Story‎, Crude Oil News, Energy News, TOGC25
Energy News Beat: #169 – 11/30/2020 – Hosted by Michael Tanner

Energy News Beat: #169 – 11/30/2020 – Hosted by Michael Tanner

Investors sell off and take profits from a historically strong November.  Major indices down overalls with tech stocks turning green rolling into the end of the session.

  • S&P 500: -0.63%
  • Nasdaq:  0.01%
  • Dow Jones: -1.30%

Market sentiment took a hit

Source: Reuters

Oil prices face uphill struggle in 2021 despite vaccine progress: Reuters poll

Reuters


Oil prices will struggle to gain upward traction next year as demand remains in the grip of the coronavirus pandemic despite growing optimism over vaccines and a likely extension of output cuts by top producers, a Reuters poll showed …

November 30, 2020 - 2:30 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

OPEC reaches consensus to extend oil cuts by three months, Algeria says

Reuters


DUBAI/LONDON/MOSCOW  – OPEC members have reached a consensus on the need to extend existing oil production cuts for three months from January and will work on convincing their allies in the wider OPEC+ group to support such a move, …

November 30, 2020 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, OPEC
Source: Reuters

OPEC oil output rises for fifth month on Libyan recovery, Reuters survey shows

Reuters


LONDON – OPEC oil output rose for a fifth month in November, a Reuters survey found, as increased Libyan production offset full adherence by other producers to cuts agreed in an OPEC-led supply deal.

The 13-member Organization of the …

November 30, 2020 - 10:30 am Closing Bell Story‎, Crude Oil News, Energy News, OPEC
Source: Reuters

Oil prices fall as OPEC+ members debate 2021 output policy

Reuters


LONDON  – Oil prices fell on Monday on uncertainty about whether OPEC+ would agree to extend their large output cuts at talks this week, but vaccine hopes still kept benchmark crudes on track to rise by more than a …

November 30, 2020 - 9:30 am Closing Bell Story‎, Crude Oil News, Energy News, OPEC
Energy News Beat: #168 – 11/27/2020 – Hosted by Michael Tanner

Energy News Beat: #168 – 11/27/2020 – Hosted by Michael Tanner

Half day for traders leads to small rally in the equities markets, with each major indice up over 0.25%. On Thanksgiving Day, online sales rose to a record $5.1 billion, according to Adobe Analytics.

  • S&P 500: 0.25%
  • Nasdaq:  0..83%
BP investing in Middle East oil while pledging a renewables shift – A double standard?

BP investing in Middle East oil while pledging a renewables shift – A double standard?

Bloomberg

BP said it will invest more money in Middle Eastern oil and natural-gas fields even as it transitions to renewable energy and tries to lower emissions.

The company is a major producer in countries such as Iraq, where it …

November 27, 2020 - 9:42 am Closing Bell Story‎, Crude Oil News, Energy News, International
The Energy Venture Investment Summit: SAVE THE DATE: See you on February 10-11, 2021!

The Energy Venture Investment Summit: SAVE THE DATE: See you on February 10-11, 2021!

Oil & Gas 360


Publisher’s Note: SAVE THE DATE! The Energy Venture Investment Summit, on February 10-11, 2021. Registration opening soon. See YOU in February!

Due to the pandemic, the conference will be hosted virtually on EnerCom’s proprietary energy news

November 25, 2020 - 3:45 pm Closing Bell Story‎, Crude Oil News, Energy News, TOGC25
Source: Reuters

Oil rallies past eight-month high on U.S. crude inventory drop, vaccine hopes

Reuters


NEW YORK – Oil prices climbed to the highest in more than eight months on Wednesday, as data showing a surprise drop in weekly U.S. crude inventories extended a rally driven by hopes that a COVID-19 vaccine will boost …

Source: Reuters

U.S. oil industry group pledges to fight possible Biden fracking limits

Reuters


If U.S. President-elect Joe Biden tries to restrict development of oil and gas drilling on federal lands, the American Petroleum Institute (API) will use “every tool at its disposal” including legal action, chief executive Mike Sommers said in an …

November 25, 2020 - 1:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Fracing
Energy News Beat: #167 – 11/25/2020 – Hosted by Michael Tanner

Energy News Beat: #167 – 11/25/2020 – Hosted by Michael Tanner

Energy News Beat #167: 11/25/2020

 

Slow day in the markets (50% drop in volume) leads to a slumping of major indices as traders (who are still trading…) react to not ideal unemployment data.  The 30-stock Dow slid 136 points,

Source: Reuters

Poland should scrap coal and energy plan, environmentalists say

Reuters


WARSAW  – Poland should scrap a plan to merge state-run energy groups after they have shifted coal assets into a separate entity because it won’t deliver on EU climate targets, a report by environmentalist group ClientEarth and think tank …

November 25, 2020 - 12:30 pm Closing Bell Story‎, Coal News, Energy News, International
Source: Reuters

China’s CO2 emissions will be higher in 2020 than in 2019, says IEA’s Birol

Reuters


OSLO – China’s greenhouse gas emissions will increase in 2020 compared to 2019 as they have rebounded after the COVID-19 outbreak, the head of the International Energy Agency said on Wednesday.

“As of today, Chinese emissions this year, 2020, …

Source: Reuters

EU drafts deal to upgrade 2030 climate change target next month

Reuters


BRUSSELS – The European Union has drafted a deal to curb greenhouse gas emissions by at least 55% by 2030, against 1990 levels, a target it hopes its 27 members will endorse at a summit next month, the document …

Source: Reuters

Oil extends gains on vaccine hopes, shrugs off U.S. inventory build

Reuters


LONDON – Oil prices climbed for a fourth straight session on Wednesday, shrugging off a report showing U.S. crude inventories rose more than expected and extending a rally driven by hopes that a COVID-19 vaccine will boost fuel demand.…

The Energy Venture Investment Summit: SAVE THE DATE: See you on February 10-11, 2021!

The Energy Venture Investment Summit: SAVE THE DATE: See you on February 10-11, 2021!

Oil & Gas 360


Publisher’s Note: SAVE THE DATE! The Energy Venture Investment Summit, on February 10-11, 2021. Registration opening soon. See YOU in February!

Due to the pandemic, the conference will be hosted virtually on EnerCom’s proprietary energy news

November 24, 2020 - 3:45 pm Closing Bell Story‎, Crude Oil News, Energy News, TOGC25
Source: Reuters

U.S. Army Corps hands federal permits to Enbridge’s Line 3 oil pipeline project

Reuters


Canada’s Enbridge Inc said on Monday it received federal permits for its Line 3 crude pipeline replacement project from the U.S. Army Corps of Engineers, moving closer to building the pipeline in the United States after years of delay.…

Source: Reuters

Australia moves into top three countries for renewable investment: research

Reuters


LONDON  – Australia has moved into the three most attractive countries in the world for renewables investment for the first time due to rapid solar photovoltaic (PV) deployment, research showed on Tuesday.

In a bi-annual index of the top …

Energy News Beat: #166 – 11/24/2020 – Hosted by Michael Tanner

Energy News Beat: #166 – 11/24/2020 – Hosted by Michael Tanner

30,000 DOW JONES!!!!!!!! Pour the champagne, crack that beer its all time highs amid surging cases in COVID-19, but markets enjoy positive bullish vaccine and easing of worries of a transfer of power issues

  • S&P 500: 1.63%
  • Nasdaq:  1.44%
  • Dow
Source: boereport.com

Digital economy supply chains – excellent CBC (!) podcast lays bare the cold, hard, massive realities

BOE Report


Time to come clean about something. Like almost any other person affiliated with the hydrocarbon industry, I’ve long been frustrated with the Ottawa-centric, social-science-heavy analyses of industry provided by the CBC. The institution’s output seems geared to the …

Source: Reuters

Exclusive: Elliott Management invests in small Guyana oil explorer – sources

Reuters


NEW YORK/LONDON – Activist hedge fund Elliott Management Corp has invested at least $30 million in Cataleya Energy, a small firm focused on oil exploration in Guyana, the world’s newest oil and gas hot spot, two people familiar with …

November 24, 2020 - 1:30 pm Closing Bell Story‎, Crude Oil News, Energy News, International
Source: Reuters

Saudi Aramco says domestic supplies unaffected by attack on Jeddah plant

Reuters


JEDDAH  – Saudi Aramco said on Tuesday its domestic fuel supplies had not been affected by an attack the previous day by Yemen’s Houthi group on a petroleum products distribution plant in Jeddah, with operations resuming three hours after …

November 24, 2020 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, International
Exclusive 360 Energy Expert Network Video Interview: Mark Mills – Is there a hidden cost to green energy?

Exclusive 360 Energy Expert Network Video Interview: Mark Mills – Is there a hidden cost to green energy?

There are conversations that everyone in 2020 has had that take several twists and turns, and today was one of those conversations. We had the privilege of sitting down with Mark P. Mills, author, speaker, and generally a nice guy.

Source: Reuters

U.S. regulator blasts own agency’s report on unprecedented oil price plunge

Reuters


One of the commissioners of the U.S. Commodity Futures Trading Commission on Tuesday criticized as “incomplete and inadequate” the federal agency’s report on April’s plunge in oil futures deep into negative territory.

Dan Berkovitz, a Democrat who holds one …

November 24, 2020 - 11:36 am Closing Bell Story‎, Crude Oil News, Energy News, Regulatory
Source: Reuters

Analysis: Carbon pricing rises as world’s weapon of choice in climate fight

Reuters


LONDON/BRUSSELS  – Can you put a price on pollution? Some of the world’s biggest economies are doing just that as they wrestle with how to make good on grand pledges to tame planet-warming emissions.

Matters are coming to a …

Source: Reuters

Oil hits highest since March on vaccine and Biden transition

Reuters


LONDON – Oil hit its highest since in March on Tuesday, rising above $47 a barrel as a third promising coronavirus vaccine raised demand recovery hopes and U.S. President-elect Joe Biden received the go-ahead to begin his transition.

AstraZeneca …

The Energy Venture Investment Summit: SAVE THE DATE: See you on February 10-11, 2021!

The Energy Venture Investment Summit: SAVE THE DATE: See you on February 10-11, 2021!

Oil & Gas 360


Publisher’s Note: SAVE THE DATE! The Energy Venture Investment Summit, on February 10-11, 2021. Registration opening soon. See YOU in February!

Due to the pandemic, the conference will be hosted virtually on EnerCom’s proprietary energy news

November 23, 2020 - 3:30 pm Closing Bell Story‎, Crude Oil News, Energy News, TOGC25
Source: Reuters

Barclays keeps 2021 oil price outlook, supported by vaccine boost

Reuters


Barclays kept its “above consensus” 2021 oil price forecasts on Monday, predicting Brent at $53 a barrel based on output discipline by OPEC and its allies, and based on a potential COVID-19 vaccine boosting demand in the second half.…

Energy News Beat: #165 – 11/23/2020 – Hosted by Michael Tanner

Energy News Beat: #165 – 11/23/2020 – Hosted by Michael Tanner

Stocks up higher after yet another positive vaccine announcement, this time from AstraZeneca and Oxford.  The Dow Jones traded 218 points higher, or 0.5%. The S&P 500 gained 0.3%

  • S&P 500: 0.50%
  • Nasdaq: -0.06%
  • Dow Jones: -0.05%

On Monday, Goldman