October 25, 2021 – Oil & Gas 360

EnerCom and Colorado School of Mines to host The Energy Venture Investment Summit, February 16 – 17, 2022 on campus in Golden, Colorado

October 25, 2021

Oil and Gas 360 DENVER, Oct. 25, 2021 /PRNewswire/ — EnerCom, Inc., a nationally recognized management consultancy, and Colorado School of Mines, a leading public research university focused on science and engineering, will host the annual The Energy Venture Investment Summit presented by Colorado School of Mines and EnerCom, in-person and on campus in Golden, Colorado, on Wednesday, February 16th – Thursday, February 17th, 2022. Dan Genovese, Director with EnerCom, commented,

Wall Street projects a “higher for longer” era for oil prices

October 25, 2021

World Oil (Bloomberg) –Could the era of cheap oil supply be gone for good? That’s the conclusion of some of the biggest commodities desks on Wall Street, where banks have been lifting their long-term price forecasts, often by $10 or more. While the U.S. shale boom brought about a “lower-for-longer” mantra, the market is now fixated on climate change and

U.S. oil price passes $85 as OPEC wary to increase crude supply

October 25, 2021

World Oil SINGAPORE (Bloomberg) –Oil in the U.S. rallied above $85 a barrel for the first time since 2014, another landmark in a surge in global energy prices, while an eye-watering rally in market structure deepened. West Texas Intermediate rose as much as 1.6%, while global benchmark Brent also rallied. Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman told Bloomberg

Column-Oil prices soar, bullish hedge funds hold their nerve: Kemp

October 25, 2021

Reuters LONDON – Petroleum futures and options saw another influx of hedge fund inflows last week as renewed bullishness about output restrictions overcame concerns about the already-high level of prices. Hedge funds and other money managers purchased the equivalent of 10 million barrels in the six most important futures and options contracts in the week to Oct. 19 (tmsnrt.rs/3EbVOVf). Funds

Russia close to using natural gas as weapon in Europe’s gas crunch – Biden energy adviser

October 25, 2021

Reuters WASHINGTON -U.S. President Joe Biden’s global energy security adviser said on Monday that Russian President Vladimir Putin is getting close to using natural gas as a political tool if Russia is holding back fuel exports to Europe as it suffers an energy crunch. “I think we are getting close to that line if Russia indeed has the gas to

China targets a carbon-neutral economy by 2060

October 25, 2021

World Oil (Bloomberg) –China aims to have non-fossil energy consumption exceed 80% of its total mix by 2060, when the world’s second-biggest economy plans to be carbon neutral, according to guidelines published by the official Xinhua News Agency. The measures are part of China’s larger plan for achieving peak carbon emissions and reaching net-zero by 2060, Xinhua said on Sunday.

Canadian light oil demand jumps as refiners avoid gas dependence

October 25, 2021

World Oil CALGARY (Bloomberg) –Canada’s oil sands are known for yielding some of the heaviest, most carbon-intensive oil in the world but it’s the light crude that the country produces that is most in demand at the moment. Refiners across the U.S. Gulf Coast, Midwest and Eastern Canada are seeking oil that’s less dense and has less sulfur to avoid

2 Energy Stocks That Are Going Gangbusters Right Now

October 25, 2021

The Canadian energy sector is currently going through its second bull run in the stock mark…

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