2 Top Energy Stocks to Buy in November 2021
November 2, 2021
The rally in energy stocks over the past 12 months caught many people by surprise. Those wh…
Larry Fink fears for the energy transition, warns of massive ‘market arbitrage’
November 2, 2021
CNBC LONDON — Larry Fink, chair and CEO of BlackRock, says the so-called energy transition toward greener power has to be radically rethought and blasted oil firms for selling out to private companies. Speaking at the Green Horizon Summit chaired by CNBC’s Julianna Tatelbaum during the COP26 climate conference in Glasgow, Scotland, Fink praised public companies for increasing their reporting of
COP26: Kerry’s global methane pact lacks emissions targets
November 2, 2021
World Oil WASHINGTON (Bloomberg) – As the U.S. and European Union sought to recruit nations in a first-ever pact to slash the world’s methane emissions, America’s climate envoy John Kerry kept his sales pitch simple. Signing the pledge, being released at the COP26 climate summit Tuesday, would amount to shared recognition of the problem posed by the potent greenhouse gas
Refiner Marathon warns natgas rally may hurt profits, shares fall
November 2, 2021
Reuters Marathon Petroleum Corp signaled on Tuesday that a sustained rally in natural gas prices could take a toll on earnings, sending the largest U.S. refiner’s shares down 4%. The warning comes after U.S. natural gas prices soared more than 60% in the third quarter — translating into higher costs since natgas is used to power refining operations — as sky-rocketing global
Shale driller Diamondback to hold oil output steady through 2022
November 2, 2021
World Oil HOUSTON (Bloomberg) –Diamondback Energy Inc. just gave one of the first shale production forecasts for next year, and it’s holding pat. Even as the market girds for $100 crude in 2022, the Permian Basin driller is pledging to hold oil output steady at roughly the same levels it’s pumping in the current quarter. That means about 220,000 barrels
Oil falls to $84 before U.S. inventories and OPEC+ meeting
November 2, 2021
Reuters LONDON – Oil fell further below $85 a barrel on Tuesday, but it was still not far from a three-year high in choppy trade ahead of weekly U.S. supply reports expected to show a rise in crude inventories and of Thursday’s OPEC+ meeting. Analysts in a Reuters poll expect U.S. crude inventories to have increased by 1.6 million barrels
BP says global oil demand has passed 100 million barrels per day
November 2, 2021
World Oil (Bloomberg) –As world leaders discuss the fight against climate change, global oil demand has bounced back above the key level of 100 million barrels a day last seen before the Covid-19 pandemic, according to BP Plc. Fossil fuel consumption is recovering despite growing urgency in the effort to curb emissions of greenhouse gases. The resurgence is pushing prices
Is BP Stock a Buy?
November 2, 2021
BP (NYSE: BP) has been on a tear lately, and long-term investors will be the first …
USA Compression Partners, LP Reports Third Quarter 2021 Results; Updates 2021 Outlook
November 2, 2021
USA Compression Partners, LP (NYSE: USAC) (“USA Compression” or the  …
