Sunday, December 1, 2024
Weekly Gas Storage: Inventories increase by 68 Bcf- oil and gas 360

Weekly Gas Storage: Inventories decrease by 114 Bcf

Natural Gas Inventories as of December 25, 2020 The EIA has released its natural gas inventory report, showing a net decrease of 114 Bcf as of December 25, 2020. Working gas in storage was 3,460 Bcf as of Friday, December 25, 2020, according to EIA estimates. This represents a net decrease of 114 Bcf from the previous week. Stocks were

Colorado School of Mines and EnerCom to Co-Host the Energy Venture Investment Summit - February 10-11, 2021!- oil and gas 360

EnerCom and Colorado School of Mines to Co-Host the Energy Venture Investment Summit – February 10-11, 2021!

Oil & Gas 360 Publisher’s Note: Join Colorado School of Mines and EnerCom at The Energy Venture Investment Summit, on February 10-11, 2021. Please register Here to join us in February! Due to the pandemic, the conference will be hosted virtually on EnerCom’s proprietary energy news platform, Oil & Gas 360®, targeting more than 25,000 energy professionals and investors. REGISTER

Battered energy sector could get reprieve from 'golden cross' chart signal- oil and gas 360

Battered energy sector could get reprieve from ‘golden cross’ chart signal

Reuters Energy, Wall Street’s worst performing industry in 2020, could see its fortunes improve in the new year after its price action surfaced a technical buy signal on the charts on Wednesday. The bullish development in S&P 500 energy sector is called a “golden cross,” which is conventionally defined by technical analysts as the 50-day moving price average rising above

Vaccines, stimulus set tone for 2021 as year ends on bullish note- oil and gas 360

Vaccines, stimulus set tone for 2021 as year ends on bullish note

Reuters SINGAPORE – Global commodity markets are poised to end 2020 on a strong note, with recovering demand and widespread stimulus packages buoying prices after a roller coaster ride caused by the global coronavirus pandemic. Roll-outs of vaccines to combat the virus and trillions of dollars’ worth of fiscal support are expected to boost investment and spending in 2021. “It’s

Oil outlook for 2021 hit by new COVID-19 strain: Reuters poll- oil and gas 360

Oil outlook for 2021 hit by new COVID-19 strain: Reuters poll

Reuters Oil prices are unlikely to mount much of a recovery in 2021 as a new coronavirus variant and related travel restrictions threaten already weakened fuel demand, a Reuters poll showed on Thursday. The poll of 39 economists and analysts conducted in the second half of December forecast Brent crude prices would average $50.67 per barrel next year. That is

Exxon signals up to $20 billion writedown to overwhelm 4th-qtr gains in oil, chemicals- oil and gas 360

Exxon signals up to $20 billion writedown to overwhelm 4th-qtr gains in oil, chemicals

Reuters HOUSTON  -Exxon Mobil Corp signaled in a regulatory filing that higher oil and gas prices and improved chemicals margins would aid fourth quarter results, but the gains would be overshadowed by an up to $20 billion asset writedown. The largest U.S. oil producer has posted losses in the first three quarters of 2020 on an ill-timed spending increase that