Energy News

360 Energy Expert Network Preview: Ajax Analytics

360 Energy Expert Network Preview: Ajax Analytics

Oil and Gas 360


Publisher’s Note: Please join us Tuesday, May 19, 2020 on The 360 Energy Expert Network  for our exclusive Ajax Analytics Interview.

360 Energy Expert Network Preview: Ajax Analytics- oil and gas 360

 

360 Energy Expert Network Preview: Ajax Analytics- oil and gas 360

 

About Ajax Analytics:

Ajax Analytics is a Fort Collins, Colorado-based environmental software

Source: CNBC

Oil outlook vastly different than when it plunged into negative territory a month ago

CNBC


The fortunes of the oil market have turned around dramatically in the past month.

This time last month, investors were watching the futures market in disbelief. The May contract for West Texas Intermediate oil was set to expire, and …

360 Digital Closing Bell 5-18-2020

360 Digital Closing Bell 5-18-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 7 min summary of the energy markets. This is an up day in the market.

 

Majors in Europe are spending more on

Source: Reuters

Column: Hedge fund petroleum buying falters after strong rise in prices – Kemp

Reuters


LONDON – Hedge funds stopped buying petroleum last week, as benchmark crude prices touched $30 per barrel, and evidence emerged of a persistent oversupply of middle distillates such as diesel and especially jet fuel.

Hedge funds and other money …

The 360 Digital Closing Bell Look Ahead– 5-18-2020

The 360 Digital Closing Bell Look Ahead– 5-18-2020

The gang is back for a WILD SHOW. Show starts by covering some random topics:

 

Show starts with random story time as the crew whips around some of the pressing issues not big enough for their own segment: OK

Source: Reuters

Coronavirus widens climate rift between European and U.S. oil majors

Reuters


LONDON – Europe’s top oil and gas companies have diverted a larger share of their cash to green energy projects since the coronavirus outbreak in a bet the global health crisis will leave a long-term dent in fossil fuel …

Source: CNBC

Oil jumps 12% to $33 as June futures contract nears expiration

CNBC


West Texas Intermediate for June delivery jumped more than 12% on Monday to a two-month high, one day ahead of the contract’s expiration, as production cuts and the easing of stay-at-home restrictions supported prices.

“Producers are significantly throttling back …

Source: Reuters

OPEC+ cuts oil exports sharply so far in May: trackers

Reuters


LONDON – OPEC+ has cut its oil exports sharply in the first half of May, companies that track the shipments said, suggesting a strong start in complying with a new production cut agreement.

The Organization of the Petroleum Exporting …

Source: Reuters

Brent at one-month high, U.S. oil tops $32 as lockdowns ease

Reuters


LONDON  – Oil prices jumped on Monday, with benchmark Brent hitting a one-month high and U.S. crude topping $30, supported by optimism about the reopening of economies and output cuts by major producers.

Brent crude LCOc1 was up $2.32, …

Air Products to Invest $2 Billion for Landmark Coal-to-Methanol Project in Indonesia

Air Products to Invest $2 Billion for Landmark Coal-to-Methanol Project in Indonesia

AKARTA, IndonesiaMay 18, 2020 /PRNewswire/ — Air Products (NYSE: APD) today announced it has signed a definitive agreement for a long-term on-site contract for a world-scale coal-to-methanol production facility in Bengalon, East Kalimantan, Indonesia.

DOE announces $230M to build advanced reactor demonstration project

DOE announces $230M to build advanced reactor demonstration project

Power Engineering


Building on its contention that nuclear power must be a vital part of the American energy future, the U.S. Department of Energy announced it is going to invest $230 million into a demonstration of advanced reactor technology within …

Rs 50k-crore investment in coal infra

Rs 50k-crore investment in coal infra

Financial Express


According to finance minister Nirmala Sitharaman, not just fully explored coal blocks, but even partially explored ones will now be auctioned, and 50 assets will go under the hammer soon.

Oil & Gas 360 Publishers Note: This theme

360 Digital Closing Bell 5-15-2020

360 Digital Closing Bell 5-15-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 7 min summary of the energy markets. There is a down day in the market, but we have a draw down on crude

360 Energy Expert Network Preview: Enverus

360 Energy Expert Network Preview: Enverus

Oil and Gas 360


Publisher’s Note: Please join us Monday, May 18, 2020 on The 360 Energy Expert Network  for our exclusive Enverus Interview.

360 Energy Expert Network Preview: Enverus- oil and gas 360

 

360 Energy Expert Network Preview: Enverus- oil and gas 360

About Enverus:

In 1999, Enverus was founded as Drillinginfo, a groundbreaking provider of reliable

Source: Reuters

First U.S. crude oil shipment heads to Belarus this week: Pompeo

Reuters


WASHINGTON – The first shipment of U.S. crude oil is heading to Belarus this week, fulfilling a commitment made in February, U.S. Secretary of State Mike Pompeo said.

The shipment involves by U.S. firm United Energy Trading, with the …

Source: Reuters

Barclays raises oil price outlook as falling output offsets demand hit

Reuters


Barclays Commodities Research on Friday raised its oil price forecasts for this year and 2021, buoyed by supply cuts to balance the demand erosion caused by conrovirus-led restrictions.

In recent days, several OPEC nations including Saudi Arabia said they …

Source: Reuters

Column: Recovering oil demand could drive market into deficit by July – Kemp

Reuters


LONDON  – U.S. petroleum consumption has started to rise as the economy emerges from lockdowns imposed to control the spread of the new coronavirus, giving the oil industry hope it has come through the lowest point in the cycle.…

Source: CNBC

Oil market is re-balancing, but path to ‘next normal’ not a straight line, says energy CEO

CNBC


Oil markets are re-balancing after a collapse in demand following the coronavirus outbreak but the pathway to “the next normal” is still very uncertain, the CEO of Abu Dhabi’s National Oil Company (ADNOC) said Thursday.

“There are good signs

Source: Reuters

Oil back at early April highs as demand shows signs of picking up

Reuters


LONDON  – Oil prices touched a one and a half month high on Friday amid signs demand for crude was picking up, with China reporting increased refinery runs and rounding out a week of bullish news on the supply …

IEA Executive Director Fatih Birol on What is Starting to Bring Oil Markets Back to Balance; Early Signs of Recovery in Global Energy Demand; and Why Predictions for the Demise of U.S. Shale are “Premature”

IEA Executive Director Fatih Birol on What is Starting to Bring Oil Markets Back to Balance; Early Signs of Recovery in Global Energy Demand; and Why Predictions for the Demise of U.S. Shale are “Premature”

In a conversation with Daniel Yergin, vice chairman, IHS Markit (NYSE: INFO), Birol talks about why the previous month could become known to history as the oil industry’s “Black April,” the importance of including energy investments as part of COVID-19 …

May 15, 2020 - 8:00 am Crude Oil News, Economy, Energy News, People, Press Releases
Source: Reuters

U.S. commodities regulator warns of more volatility, possible negative prices

Reuters


The top U.S. commodities markets regulator warned exchanges and brokerages on Thursday that they should be prepared for volatility and possible negative pricing for certain contracts, nearly one month after U.S. oil futures plunged into negative territory for the …

360 Digital Closing Bell 5-14-2020

360 Digital Closing Bell 5-14-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 5 min summary of the energy markets. There is a down day in the market, but we have a draw down on crude

Source: Reuters

Hit by coronavirus and Trump, Iran’s oil exports dwindle to record low

Reuters


LONDON  – Iran’s oil exports have sunk to a record low as the coronavirus crisis compounds the impact of U.S. sanctions already limiting shipments, underlining the diminishing oil clout of what was OPEC’s second-largest producer.

Exports averaged 70,000 barrels …

Source: Reuters

Sharp oil price pullback unlikely as demand improves: Goldman

Reuters


The risk of a sharp pull-back in oil prices has decreased as the rebalancing of the crude market gathers pace, Goldman Sachs said, aided by a gradual lifting of coronavirus lockdowns and a faster-than-expected fall in output.

The Wall-Street …

Source: CNBC

A resurgence of coronavirus cases will have ‘major consequences’ for the oil market, IEA warns

CNBC


The International Energy Agency (IEA) said on Thursday that market forces had “demonstrated their power” on the supply side of the oil market in recent weeks, but concerns remain over the potential for a second wave of Covid-19 infections.

Shell invests in new Nigeria LNG processing unit

Shell invests in new Nigeria LNG processing unit

BIC


Oil & Gas Publishers Note: On a side note, there appears to be a trend to energy investors; invest in companies with ESG plans, diversify into natural gas, and move investing to outside the U.S.

Shell Gas B.V., a …

360 Digital Closing Bell 5-13-2020

360 Digital Closing Bell 5-13-2020

Michael Tanner hosts the 360 Digital Closing Bell - out every day in your e-mail.  The best 5 min summary of the energy markets. There is a down day in the market, but we have a draw down on crude

Comstock Resources Announces Common Stock Offering

Comstock Resources Announces Common Stock Offering

Oil and Gas 360


Frisco, TX, May 13, 2020 (GLOBE NEWSWIRE) — Comstock Resources, Inc. (NYSE: CRK) (“Comstock” or the “Company”) announced today that it has commenced an underwritten public offering of 40 million shares of its common stock (the

EIA raises crude oil price outlook slightly as announced supply cuts lead to high inventory draws in 2021

EIA raises crude oil price outlook slightly as announced supply cuts lead to high inventory draws in 2021

EIA


In its May Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) expects Brent crude oil prices will average $34 per barrel (b) in 2020 and $48/b in 2021. Although market outlooks are subject to many risks, the …

Source: Reuters

Saudi Arabia, Russia committed to oil market stability: statement

Reuters


DUBAI – Saudi Arabia and Russia are firmly committed to achieving oil market stability and expediting a rebalancing of the market, the energy ministers of the two countries said in a joint statement on Wednesday.

Saudi energy minister Prince …