CALGARY, Alberta, Nov. 10, 2021 (GLOBE NEWSWIRE) — Birchcliff Energy Ltd. (“ Birc…
CALGARY, Alberta, Nov. 10, 2021 (GLOBE NEWSWIRE) — Birchcliff Energy Ltd. (“ Birc…
Reuters GLASGOW – A coalition of 19 countries including Britain and the United States on Wednesday agreed to create zero emissions shipping trade routes between ports to speed up the decarbonisation of the global maritime industry, officials involved said. Shipping, which transports about 90% of world trade, accounts for nearly 3% of the world’s CO2 emissions. U.N. shipping agency the
Reuters GLASGOW, Nov 10 – Saudi Arabia’s top energy official said on Wednesday that efforts to combat climate change should not undermine global energy security or shun any particular energy source, and denied the kingdom was hampering international talks on the issue. The comments from the top producer nation in the Organization of the Petroleum Exporting Countries come as the
Suncor Energy (TSX:SU) (NYSE:SU) recently reported its earnings report, and inv…
Weekly Crude Oil Storage as of November 5, 2021 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.0 million barrels from the previous week. At 435.1 million barrels, U.S. crude oil inventories are about 7% below the five year average for this time of year, according to the EIA crude oil and petroleum
Oil prices have been the shocker of 2021. Currently trading at approximately $85, they …
Reuters SINGAPORE/LONDON, Nov 10 – China’s imports of Iranian oil have held above half a million barrels per day on average for the last three months, traders and ship-tracking firms said, as buyers judge that getting crude at cheap prices outweighs any risks from busting U.S. sanctions. Chinese purchases of Iranian crude have continued this year despite the sanctions that,
World Oil AUSTIN – Railroad Commission of Texas Chairman Wayne Christian passed a resolution urging President Joe Biden and the U.S. Congress not to include anti-oil and -gas policies in the “Build Back Better Act” congressional reconciliation bill. The resolution strongly recommends the President of the United States and Congress not to adopt legislation harmful to the oil and gas
CNBC Norsk Hydro and fossil fuel giant Shell are to look into the potential of joint projects focused on green hydrogen production. In an announcement Tuesday, Norway’s Hydro said a memorandum of understanding had been signed between the two parties. Under the deal, Shell and Hydro’s green hydrogen business, Hydro Havrand, will focus on the joint generation and supply of hydrogen “produced from
World Oil (Bloomberg) –The U.S. government projected that the global oil market will become oversupplied and prices will fall by early next year, cooling expectations that the White House may tap the nation’s emergency reserves. Supply increases next year from OPEC nations as well as U.S. drillers will ultimately pressure prices lower. The U.S. benchmark crude will fall below $80
Reuters OSLO, Nov 10 – Norway’s Equinor (EQNR.OL) said on Wednesday it plans to invest up to 75 billion Norwegian crowns ($8.80 billion) to develop the Wisting petroleum discovery, set to become the world’s northernmost oilfield. Located in the Arctic Barents Sea and containing close to 500 million barrels of oil equivalent, the Wisting development is subject to a final investment
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