4 Canadian Stocks Could Benefit From a Global Energy Crisis
November 24, 2021
An energy crisis is coming. Major governments are taking to the international market, tryin…
Acceleware Ltd. Reports Third Quarter 2021 Financial and Operating Results
November 24, 2021
CALGARY, Alberta, Nov. 24, 2021 (GLOBE NEWSWIRE) — Acceleware® Ltd. (“Accelewa…
Oil giant Shell strikes deal to buy power from ‘world’s largest offshore wind farm’
November 24, 2021
CNBC Shell said Wednesday it had signed a deal to purchase power from a development dubbed “the world’s largest offshore wind farm.” The 15-year power purchase agreement relates to 240 megawatts from Dogger Bank C, the third and final phase of the 3.6 gigawatt Dogger Bank Wind Farm, which will be located in waters off the coast of northeast England. The
Former Trump energy secretary says releasing oil from reserves is ‘bad policy choice’
November 24, 2021
CNBC The Biden administration’s decision to release oil from U.S. reserves is a “mistake,” former U.S. Energy Secretary Dan Brouillette said on Wednesday. “I do think it’s a bad policy choice. There’s no question about that,” he told CNBC’s “Capital Connection” one day after President Joe Biden announced that 50 million barrels of oil would be released from the country’s Strategic Petroleum Reserve. China, India,
TFSA Wealth: 2 Top TSX Stocks That Could Soar in 2022
November 24, 2021
TFSA investors are searching for top TSX stocks that offer attractive dividends and a s…
China so far non-committal to Washington’s oil release, OPEC+ unmoved
November 24, 2021
Reuters BEIJING/LONDON/MOSCOW/WASHINGTON -China, the world’s largest crude importer, was non-committal about its intentions to release oil from its reserves as requested by the United States, while OPEC producers were not considering changing tactics in light of the U.S. action, according to three sources in the group. On Tuesday, U.S. President Joe Biden’s administration announced plans to release millions of barrels
Weekly Gas Storage: Inventories decrease by 21 Bcf
November 24, 2021
Natural Gas Inventories as of November 19, 2021 The EIA has released its natural gas inventory report, showing a net decrease of 21 Bcf as of November 19, 2021. Working gas in storage was 3,623 Bcf as of Friday, November 19, 2021, according to EIA estimates. This represents a net decrease of 21 Bcf from the previous week. Stocks were
Analysis: Biden’s oil reserves bet mixes China outreach with appeal to U.S. voters
November 24, 2021
Reuters WASHINGTON, Nov 23 – President Joe Biden’s historic move to release oil from strategic reserves in coordination with big nations including China represents a unique bet that finding common ground with the United States’ biggest economic rival can help dampen fuel prices for middle class Americans. The move, announced by the U.S. on Tuesday, underscores the complicated relationship Biden is
3 Energy Stocks About to Become Attractively Valued
November 24, 2021
A smooth business is when supply meets demand head-on. And most businesses, especially in t…
Oil prices are headed for $100 despite U.S. efforts to release reserves, analyst says
November 24, 2021
CNBC Oil prices could climb higher despite the U.S. and other major consumers releasing millions of barrels of oil from their reserves to try to keep energy prices down, one analyst told CNBC. “It’s not going to work simply because the strategic petroleum reserve — any country’s strategic petroleum reserve is not there to try to manipulate price,” Stephen Schork,
Price impact from oil reserves release unlikely to last long- JP Morgan
November 24, 2021
Nasdaq Nov 24 – Any impact on oil prices from a release of crude from strategic petroleum reserves by the United States and other countries may not be sustained for long, JP Morgan Global Commodities Research said on Wednesday. The United States is to release of millions of barrels of oil from strategic reserves in coordination with China, India, South
U.S. crude oil inventories increase by 1.0 million barrels
November 24, 2021
Weekly Crude Oil Storage as of November 19, 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 434.0 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
