Oil Price ING is further restricting financing to the oil and gas industry, reducing the volume of traded oil and gas it finances and no longer financing midstream infrastructure for new oil and gas fields, the Netherlands-based bank said on Tuesday. Last year, ING said it would aim to grow new financing of renewable energy by 50% by year-end 2025 and would no longer
Nasdaq U.S. natural gas futures held near a one-week high on Tuesday on forecasts for more cold weather and higher heating demand this week than previously expected, a preliminary drop in daily output and near record amounts of gas flowing to liquefied natural gas (LNG) export plants. Weighing on prices were forecasts for less cold weather and lower heating demand
2023-03-14 13:30:00 ET Although these two belong to distinct sectors, both are dividend big…
Oil Price Numbers are out again permitting us to update our US electric grid’s reliability report card. Last year, 2022, was nowhere near as bad as 2021–the worst year of the 24-year record. It was “only” the fourth worst year. Severe storms, fire, floods, snow, hurricanes — many often in the same places. Whether we call it weather or climate,
2023-03-14 11:42:04 ET March 14 (UPI) — Risks remains, though economists at the Organi…
World Oil (Bloomberg) – Global oil markets appear on track for a modest surplus next quarter amid a seasonal lull in demand, according to OPEC. The Organization of Petroleum Exporting Countries is pumping about 28.92 MMbpd, or about 300,000 a day more than it expects will be needed in the second quarter, it said in a monthly report. World
Nasdaq A flood of liquefied natural gas (LNG) export projects due online worldwide in mid-decade will vie against lower-cost renewable energy and a revived nuclear power sector, which could rock gas prices and hurt some proposed projects, analysts say. Proposed and approved new LNG plants would boost LNG supply by 67% increase to 636 million tonnes per annum (mtpa) by
BOE Report Oil prices fell more than $1 on Tuesday, extending the previous day’s slide, as the collapse of Silicon Valley Bank rattled equities markets and sparked fear about a fresh financial crisis. U.S. West Texas Intermediate crude futures (WTI) dropped $1.72, or 2.30%, to $72.92 a barrel. Brent crude futures were down $1.57, or 1.95%, at $79.12 a
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