Tuesday, November 26, 2024
Column: Goldman proclaims the dawn of a new commodity supercycle - Andy Home- oil and gas 360

Column: Goldman proclaims the dawn of a new commodity supercycle – Andy Home

Reuters LONDON (Reuters) – Will COVID-19 kick-start a new commodities supercycle? Goldman Sachs thinks so. While last year’s strong rebound in many commodity prices might be viewed as a “V-shaped vaccine recovery”, the bank contends it is just “the beginning of a much longer structural bull market for commodities”. “Looking at the 2020s, we believe that similar structural forces to

Proposed Virginia rules cloud Mountain Valley natgas pipeline startup- oil and gas 360

Proposed Virginia rules cloud Mountain Valley natgas pipeline startup

Reuters Virginia environmental regulators have proposed stream-crossing rules that analysts say may delay startup of the Mountain Valley natural gas pipeline to 2022, but the companies involved said on Tuesday they were sticking with their late-2021 target. Natalie Cox, a spokeswoman at Equitrans Midstream Corp, one of the companies building the pipeline from West Virginia to Virginia, said the Mountain

Saudi Arabia restores diplomatic ties with Qatar after three-year rift- oil and gas 360

Saudi Arabia restores diplomatic ties with Qatar after three-year rift

CNBC Saudi Arabia has reinstated diplomatic relations with Qatar, more than three years after Riyadh and several Arab countries severed ties with Doha. Kuwait, a mediator for both sides, announced that Saudi Arabia is reopening its airspace, sea and land borders with Qatar. Qatar’s emir, Sheikh Tamim bin Hamad al-Thani, arrived in Saudi Arabia on Tuesday for the first time

Oil jumps 5%, breaks above $50 for the first time since February as Saudi Arabia announces voluntary cuts- oil and gas 360

Oil jumps 5%, breaks above $50 for the first time since February as Saudi Arabia announces voluntary cuts

CNBC U.S. benchmark West Texas Intermediate crude futures broke above $50 on Tuesday for the first time since February, boosted by a surprise announcement by Saudi Arabia of a 1 million barrel per day production cut beginning in February and extending through March. The move higher marks a steady comeback for oil prices after the coronavirus pandemic and subsequent demand loss sent

Range announces offering of Senior Notes- oil and gas 360- oil and gas 360

Range announces offering of Senior Notes

Oil and Gas 360 Jan 05, 2021 at 7:20 AM EST FORT WORTH, Texas, Jan. 05, 2021 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) (“Range” or the “Company”) announced today that it intends, subject to market conditions, to offer $500 million aggregate principal amount of senior notes due 2029 (the “Notes”) in a private placement to eligible purchasers. Range intends to use the net

Dow Into Green by Noon

The S&P 500 rose slightly on Tuesday, recovering some of their sharp losses from th…