Suncor Energy Announces CEO Transition
July 8, 2022
Mark Little to step down, effective immediately Kris Smith appointed Interim CEO Board beg…
Petroleum Coke Global Market Report 2022
July 8, 2022
New York, July 08, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the r…
Putin warns West: sanctions risk energy price spike catastrophe
July 8, 2022
Reuters President Vladimir Putin warned the West on Friday that continued sanctions against Russia over the war in Ukraine risked triggering catastrophic energy price rises for consumers around the world. Putin, who casts the sanctions imposed on Russia as a declaration of economic war, said that Western calls to reduce reliance on Russian energy had made global markets “feverish” with
Oil prices swing as traders scour U.S. for crude supplies
July 8, 2022
World Oil (Bloomberg) — The heart of the U.S. physical oil markets is screaming for supplies even as headline prices swing due to worries about a global recession. The U.S. crude prompt timespread, which closely reflects the supply and demand balances at the country’s biggest storage hub in Cushing, Oklahoma, has surged to the highest level since March at nearly
Is Teck Resources (TSX:TECK.B) Stock Oversold?
July 8, 2022
The pullback in the share price of Teck Resources (TSX:TECK.B)(NYSE:TECK) has investors…
Top U.S. LNG producer Cheniere asks Biden admin to drop pollution rule
July 8, 2022
Yahoo Finance WASHINGTON – Cheniere Energy Inc has asked the Biden administration to exempt it from limits on emissions of cancer-causing pollutants, arguing they would force the top U.S. exporter of liquefied natural gas to shut for an extended period and endanger the country’s efforts to ramp up supplies to Europe, according to documents reviewed by Reuters. The request imposes
Oil prices up but headed for weekly loss as recession fears trump tight supply
July 8, 2022
BOE Report Oil prices were up on Friday, while recession fears continued to weigh on sentiment, though worries over tight global supplies capped price declines. U.S. West Texas Intermediate crude rose $2.14, or 2.09%, to $104.32 a barrel, having settled 4.2% higher a day earlier. Brent crude futures rose $1.91, or 1.83%, to $106.14 a barrel, dropping away after
U.S. rig count had an increase of 2 this week, at 752
July 8, 2022
Oil and Gas 360 This week’s Baker Hughes rig count shows that U.S. had an increase of 2 over last week, resulting in a total count of 752 rigs. Canada had an increase of 9 over last week, resulting in a total Canadian count of 175 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Granite Wash,
With world in energy shock, Saudi oil cushion gets very thin
July 8, 2022
Reuters When French President Emmanuel Macron whispered in Joe Biden’s ear last month that top global oil exporter Saudi Arabia has very little additional capacity to increase output, the U.S. President looked surprised. Biden is due to land in Riyadh later this month, and he will likely hear the same sobering message – don’t count much on Saudi Arabia to
Shell adds $1 billion in refining profits from record fuel prices
July 8, 2022
World Oil (Bloomberg) — Shell Plc said soaring margins from fuel production may have added more than $1 billion to the earnings of its refining business last quarter, when gasoline prices broke records in several countries. The trading update from the London-based energy giant is the first indicator of just how much cash was flowing into the coffers of major
Oil Price Drops – Is It Time to Unload XOM and ConocoPhillips?
July 8, 2022
Oil prices are down from their highs. However, oil prices might gain momentum again, driven b…
