Monday, January 27, 2025
Cushing oil storage tanks -oilandgas360

IEA Boosts Global Oil Demand Estimate

Global oil demand at 99.3 MMBOPD; Venezuela a question mark on the supply side Global oil demand growth is accelerating, according to a new report by the International Energy Agency. The IEA revised 2018 oil demand estimates upward to 99.3 MMBOPD, up 100 MBOPD from last month’s estimate. This means the IEA expects demand will grow by 1.5 MMBOPD in

Seven Generations Energy Chalks Up $562 Million Net Income

2017 average Q4 production was 197,000 BOEPD Montney producer Seven Generations Energy Ltd. (ticker: VII) reported a net income of $83.6 million, or $0.23 per share for the fourth quarter of 2017. For the full year, the company posted a net income of $562.5 million, or $1.54 per share. Fourth quarter liquids production was 115,100 Bbls/d, which included 63,700 Bbls/d

Pipeline Stocks Plunge After FERC Kills Key Income-Tax Allowance

From Bloomberg Pipeline stocks plunged after federal regulators ruled that master-limited partnerships can no longer receive a credit for income taxes they don’t pay. Williams Cos. was the biggest decliner in the S&P 500 Index, dropping as much as 12 percent, while the Alerian MLP Index, which tracks 40 partnerships, had its worst day in more than two years. The Federal