Oil Prices: Should You Buy Suncor Stock Right Now?
July 22, 2022
Suncor (TSX:SU) (NYSE:SU) is off its 2022 high. Investors who missed the big ra…
Oil exploration picking up as drillers shrug off recession threat
July 22, 2022
World Oil (Bloomberg) — Schlumberger said annual sales will rise the most in 11 years as concern over inadequate energy supplies outweighs recessionary fears among major oil explorers. Citing the biggest jump in demand for its services in more than a decade, the world’s biggest oilfield contractor sees sales reaching at least $27 billion this year, an 18% increase
Tankers that carried Iranian oil are switching to Russian crude
July 22, 2022
World Oil (Bloomberg) — Oil tankers that previously carried Iranian oil are switching to haul Russian crude, according to shipping analytics company Vortexa. Eleven of the tracked ships that previously carried Iranian crude have loaded Russian oil and products since April, accounting for 16 loadings in that period, according to a note dated July 21. Most of the vessels are smaller
Mexico denies energy policies unfair after Canada joins U.S. demand
July 22, 2022
Yahoo Finance MEXICO CITY – Mexican President Andres Manuel Lopez Obrador on Thursday denied his energy policies breached a regional trade agreement after Canada challenged them, and said that he had reached agreement with a host of American investors in the sector. Speaking at a regular news conference, Lopez Obrador said Mexico would defend control of its oil as well
U.S. rig count had an increase of 2 this week, at 758
July 22, 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 758 rigs. Canada had an increase of 4 over last week, resulting in a total Canadian count of 195rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Cana Woodford, the
ACCF study: U.S. petroleum export ban would negatively affect refineries, employment, GPD
July 22, 2022
World Oil As the White House and Congress weigh policy levers to provide relief to consumers from rising gas prices, a proposed ban on petroleum exports has become part of the discussion. A new study released by the American Council for Capital Formation examines the short-to-medium term logistics, pricing, and economic impacts of a complete ban on U.S. petroleum product exports. It concludes
A pilot project in the North Sea will develop floating solar panels that glide over waves ‘like a carpet’
July 22, 2022
CNBC German energy firm RWE is to invest in a pilot project centered around the deployment of floating solar technology in the North Sea, as part of a wider collaboration focused on the development of “floating solar parks.” Set to be installed in waters off Ostend, Belgium, the pilot, called Merganser, will have a capacity of 0.5 megawatt peak, or MWp. In
Oil prices down as geopolitical tensions linger
July 22, 2022
BOE Report Oil prices were down in trading on Friday, as geopolitical tensions and weakened demand in the United States has cast a shadow on the market this week. U.S. West Texas Intermediate (WTI) crude futures dropped 76 cents, or 0.79%, to $95.85 a barrel. Brent crude futures fell 18 cents, or 0.17%, to $103.67 a barrel. “Things are
