TOURMALINE INCREASES QUARTERLY DIVIDEND AND ANNOUNCES ELECTION OF DIRECTORS
June 1, 2022
TOURMALINE INCREASES QUARTERLY DIVIDEND AND ANNOUNCES ELECTION OF DIRECTORS Can…
PIMCO Energy and Tactical Credit Opportunities Fund Declares Quarterly Common Share Distributions
June 1, 2022
NEW YORK, June 01, 2022 (GLOBE NEWSWIRE) — The Board of Trustees of PIMCO Energy and Tacti…
Restricting U.S. fuel exports would be ‘unwise’, says Chevron CEO
June 1, 2022
Reuters HOUSTON – Chevron Corp Chief Executive Michael Wirth said on Wednesday he expected oil and motor fuel prices to stay high but cautioned against limiting fuel exports to guarantee U.S. supplies. The CEO of the second-largest U.S. oil producer also expects Russian oil volumes now reaching the global market to decline in the coming months as sanctions, tanker insurance
Texas power use hits monthly record again with many more to come
June 1, 2022
US News Power demand in Texas reached the highest level ever recorded in the month of May on Tuesday and will likely break the record for June on Wednesday as economic growth boosts overall usage and hot weather causes homes and businesses to crank up their air conditioners. The Electric Reliability Council of Texas (ERCOT), which operates the grid for
Analysis: Sizzling U.S. energy stock rally confronts global growth worries
June 1, 2022
Nasdaq NEW YORK – A scorching rally in U.S. energy shares has left investors facing a tough decision: hold on despite growing worries that global growth will slow or lock in profits in one of the few areas of the stock market that has thrived this year. The S&P 500 energy sector .SPNY has surged 55.7% year-to-date on the back of soaring
These charts show how Russia’s invasion of Ukraine has changed global oil flows
June 1, 2022
CNBC European Union leaders reached an agreement this week to ban the majority of Russian crude oil and petroleum product imports, but nations were already shunning the country’s oil, altering global flows for the commodity that powers the world. Russian oil exports had already been hurt by some EU members acting preemptively in anticipation of potential measures, in addition to bans from
Oil firms on EU’s Russian oil ban and end of Shanghai lockdown
June 1, 2022
Yahoo Finance LONDON- Oil prices firmed on Wednesday after European Union leaders agreed to a partial and phased ban on Russian oil and as China ended its COVID-19 lockdown in Shanghai. Brent crude was up $2.40, or 2.1%, at $118 a barrel by 1357 GMT. U.S. West Texas Intermediate (WTI) crude rose $2.54, or 2.2%, to $117.21. Both benchmarks registered
World Oil editorial: UK government can’t have it both ways
June 1, 2022
World Oil Recent moves by the UK government of Prime Minister Boris Johnson indicate that people in his regime must think that they can play both sides of the street, so to speak, when it comes to oil and gas policy, and get away with it. We are here to tell them that this is not practical, much less ethical
Russia has no objection to earlier OPEC+ meeting, say sources
June 1, 2022
News 18 Moscow/London- Russia has no objection to the next meeting of OPEC and its allies, known as OPEC+, being brought forward to June 4 from the following week, three OPEC+ sources familiar with the meeting’s preparations told Reuters on Sunday. Algeria, which currently holds the presidency of the the Organization of the Petroleum Exporting Countries (OPEC), has proposed the
U.S. crude oil inventories increase by 1.0 million barrels
June 1, 2022
Weekly Crude Oil Storage as of May 20, 2022 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.0 million barrels from the previous week. At 419.8 million barrels, U.S. crude oil inventories are about 14% below the five year average for this time of year, according to the EIA crude oil and petroleum
