Natural Gas Inventories as of August 13, 2021 The EIA has released its natural gas inventory report, showing a net increase of 46 Bcf as of August 13, 2021. Working gas in storage was 2,822 Bcf as of Friday, August 13, 2021, according to EIA estimates. This represents a net increase of 46 Bcf from the previous week. Stocks were
Reuters Wall Street indexes fell on Thursday on concerns the Federal Reserve could begin to rein in its massive monetary stimulus, while commodity-linked stocks sank as oil and metal prices tumbled to multi-month lows. The S&P energy sector was the worst performer among its peers with a drop of 2.2%, while Freeport-Mcmoran Inc slipped 4.5% and led copper miners lower
Oil & Gas 360 Amidst a global energy transition, the oil and gas industry faces societal and environmental pressure to clarify its role in a low-carbon future. Yet at the same time the IEA expects global energy demand to increase by 4.6% in 2021. Download the latest Reuters market report: The Future of the Oil and Gas Sector, which determines
Oil & Gas 360 Publisher’s Note: It’s HERE! EnerCom’s The Oil & Gas Conference®, August 15-18, 2021 in Denver, Colorado. For institutional investors, portfolio managers, financial analysts, CIOs and other investment community professionals who invest in the energy space. See the schedule. The event is EnerCom’s 26th annual Denver investment conference. At this year’s conference, C-level leadership of leading energy companies will present their plans for drilling and completing wells, discuss well
Oil & Gas 360 Publisher’s Note: It’s HERE! EnerCom’s The Oil & Gas Conference®, August 15-18, 2021 in Denver, Colorado. For institutional investors, portfolio managers, financial analysts, CIOs and other investment community professionals who invest in the energy space. See the schedule. The event is EnerCom’s 26th annual Denver investment conference. At this year’s conference, C-level leadership of leading energy companies will present their plans for drilling and completing wells, discuss well
Oil & Gas 360 Publisher’s Note: Conference only 3 days away! Charity Golf Tournament is on Sunday, August 15, 2021. We will see you in person at The Oil & Gas Conference®, August 15-18, 2021 in Denver, Colorado. Online registration closes today. Institutional investors, portfolio managers, financial analysts, CIOs and other investment community professionals who invest in the energy space
Oil and Gas 360 This week’s Baker Hughes rig count shows that U.S. had an increase of 9 over last week, resulting in a total count of 500 rigs. Canada had an increase of 8 over last week, resulting in a total Canadian count of 1564 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Cana Woodford,
By Andrew Nichols: EnerCom In the past 10 years, we have seen many shifts in the number of active oil rigs in the top 7 regions in the United States. Before 2016, when the price of oil dropped to $29 a barrel, most regions stayed about the same except for an increase in the Eagle Ford region and a large
Nasdaq U.S. investment bank Goldman Sachs said a recent call by the United States to OPEC+ to boost oil output is unlikely to result in higher production over the short-term given the threat to demand from the coronavirus Delta variant. U.S. President Joe Biden’s administration on Wednesday urged the Organization of Petroleum Exporting Countries (OPEC) and its allies, known as
CNBC The chief financial officer of German utility RWE on Thursday acknowledged the importance of weather to its renewables segment, as the company reported “much lower” wind volumes in Northern and Central Europe for the first half of 2021. In an interview with CNBC, Michael Müller stressed the need to have a broad range of assets in place to cope with potential
Reuters SACRAMENTO, Calif./BRASILIA/SHANGHAI – Severe droughts are drying up rivers and reservoirs vital for the production of zero-emissions hydropower in several countries around the globe, in some cases leading governments to rely more heavily on fossil fuels. The emerging problems with hydropower production in places like the United States, China and Brazil represent what scientists and energy experts say is
Reuters LONDON -The Brent benchmark oil price held above $70 a barrel on Friday, broadly shrugging off a warning from the International Energy Agency that the spread of coronavirus variants is slowing oil demand growth. Brent crude was down 18 cents, or 0.2%, at $71.13 a barrel by 1332 GMT. U.S. crude lost 14 cents, or 0.2%, to trade at
