Oil Price The legislature in Wyoming is proposing a resolution for a voluntary ‘phase-out’ of electric vehicle (EV) sales by 2035, in a symbolic move aimed at supporting the state’s oil and gas industry and a response to states such as California and New York, which have said they would ban the sale of new gasoline-powered cars from 2035.
Nasdaq LONDON – The bullishness about petroleum prices which flooded through parts of the investment community at the end of 2022 ebbed in the first full week of 2023 as concerns mounted about the global economy and China’s coronavirus wave. Hedge funds and other money managers sold the equivalent of 17 million barrels in the six most important petroleum-related futures
Nasdaq HOUSTON – Exxon Mobil Corp. XOM.N is preparing to approve its fifth oil production project in Guyana and is considering taking additional exploration acreage, the head of its Guyanese operations, Alistair Routledge, told Reuters in an interview. The efforts would add significantly to the $30 billion committed thus far by Exxon and Guyana partners Hess Corp HES.N and CNOOC Ltd 0883.HK. The latest
Oil Price How much will U.S. oil production grow this year—this is the question on a lot of minds, both in the United States itself, and across the world. After proving it could become a game-changer for the global oil market a decade ago, the U.S. shale patch is once again the focus of attention but this time because
World Oil (Bloomberg) — Eni Spa announced a new gas discovery in the East Mediterranean Sea in offshore Egypt, according to a company statement on Jan 15. The discovery is “significant,” but the amount wasn’t disclosed. The Italian energy giant said the gas discovery is in the 1,800 km2 (695 miles2) Nargis offshore area and can be developed leveraging the
Nasdaq SINGAPORE – Oil prices dipped in early Asian trade on Monday, but held close to the highest levels since the start of the year on optimism that China’s reopening will lift fuel demand at the world’s top crude importer. Brent crude LCOc1 fell 36 cents, or 0.4%, to $84.92 a barrel by 0116 GMT while U.S. West Texas Intermediate crude CLc1 was at
Calgary, Alberta–(Newsfile Corp. – January 16, 2023) – Suncor Energy (TSX: SU) (NYSE: SU) today …
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