Suncor Energy’s Executive Vice President of Mining and Upgrading Retiring
March 17, 2022
Calgary, Alberta–(Newsfile Corp. – March 17, 2022) – Suncor (TSX: SU) (NYSE: SU) today anno…
North American Construction Group Ltd. Announces Contract Award
March 17, 2022
ACHESON, Alberta, March 17, 2022 (GLOBE NEWSWIRE) — North American Construction Group Ltd….
Targa Resources Corp. Executes Agreements to Acquire Bolt-On Assets for $200 Million
March 17, 2022
HOUSTON, March 17, 2022 (GLOBE NEWSWIRE) — Targa Resources Corp. (NYSE: TRGP) (“Tar…
Hedge fund manager Pierre Andurand sees a path to $200 oil by end of the year
March 17, 2022
World Oil (Bloomberg) — Commodities trader Pierre Andurand sees a path for crude oil to get to $200 by the end of the year as historically tight markets struggle to ramp up production and replace lost supply from Russia. He estimates some 4 million barrels per day have been taken out of circulation as a result of Russia’s invasion of Ukraine
API applauds DOE approval of two new LNG export permits
March 17, 2022
World Oil American Petroleum Institute (API) President and CEO Mike Sommers applauded the U.S. Department of Energy’s decision to approve two new liquified natural gas (LNG) export permits. “We applaud the Department of Energy for advancing two important U.S. LNG permits at this critical time in history. America is the best prepared nation to help Europe and our other allies meet rising
Texas asks 19 finance firms for details on fossil-fuel stances
March 17, 2022
World Oil (Bloomberg) — Texas is seeking information from more than a dozen major finance firms on whether their operations discriminate against the fossil-fuel industry. The state’s comptroller wrote to 19 businesses seeking clarification of their fossil-fuel investment policies and procedures. Any company that fails to respond within 60 days “will be presumed to be boycotting energy companies,” according to
Analysis: As liquidity dries up, oil braces for whiplash volatility
March 17, 2022
US News LONDON – A $40 a barrel rise and fall in oil prices in March pushed many investors to exit the volatile trade and created the conditions for more wild price swings in the weeks ahead, traders, bankers and analysts said. The Russian invasion of Ukraine has driven many commodity prices to all-time highs, stretching the finances of
Oil surges amid warnings of supply shortages
March 17, 2022
CNBC Oil prices climbed 4% on Thursday after the International Energy Agency (IEA) said three million barrels a day (bpd) of Russian oil and products could be shut in from next month and despite the U.S. Federal Reserve’s decision to raise interest rates. The supply loss would be far greater than an expected drop in demand of one million bpd
Shell among companies chasing Ecuadorian oil after Russia sanctions
March 17, 2022
World Oil (Bloomberg) — U.S. refiners Valero Energy Corp and Marathon Petroleum Corp., along with Shell Plc’s trading unit Shell Western Supply and Trading, are rushing to secure Ecuadorian barrels after America banned imports of Russian crude. Ecuador’s state oil company EP Petroecuador held back-to-back meetings this week in Louisiana with several refiners and trading houses, according to Petroecuador’s oil
Weekly Gas Storage: Inventories decrease by 79 Bcf
March 17, 2022
Natural Gas Inventories as of March 11, 2022 The EIA has released its natural gas inventory report, showing a net decrease of 79 Bcf as of March 11, 2022. Working gas in storage was 1,440 Bcf as of Friday, March 11, 2022, according to EIA estimates. This represents a net decrease of 79 Bcf from the previous week. Stocks were
PAN ORIENT ENERGY CORP. – 2021 Year-end Financial & Operating Results
March 17, 2022
PAN ORIENT ENERGY CORP. – 2021 Year-end Financial & Operating Results PAN O…
Exxon Mobil Stock Has a Lot to Like as the Oil Boom Continues
March 17, 2022
InvestorPlace – Stock Market News, Stock Advice & Trading Tips Exxon Mobil (NYSE: …
