Oil Price Oil prices may be trading in a sweet spot for buyers, but it will take years to replenish the nation’s Strategic Petroleum Reserves, U.S. Energy Secretary Jennifer Granholm said. When the Biden Administration sold off 221 million barrels of crude oil from the SPR last year, the idea was to buy oil to replace what was withdrawn.
Reuters BOGOTA – Colombia’s Ecopetrol must focus on growing its oil and gas production to fund the transition towards renewables, said Saul Kattan, the chairman of the majority state-run energy company. Colombia could be a world leader in production of renewables like wind and green hydrogen, Kattan told Reuters late on Wednesday, but the company, the largest in the country,
Oil Price Five international oil companies active in Brazil have petitioned a federal court to suspend the 9.2% tax on crude oil exports that new president Ignacio Lula da Silva introduced soon after he came into office, angering the industry. According to the government, the new tax will serve to attract more investments in the country with a focus on
Toronto, Ontario–(Newsfile Corp. – March 23, 2023) – Pedro Resources Ltd. (CSE: VBN) (the ” Co…
Ground-Breaking Collaboration with the Miami Pro Padel Club – Miami PC Newport Beach, California…
World Oil (WO) – MicroSeismic, Inc. will receive $199,721 as part of the Department of Energy grants totaling $16,676,827 to 77 small businesses in 25 states, in support of scientific energy innovation and clean energy development. The MicroSeismic DOE project will focus on a turnkey service to create an electromagnetic monitoring network for use during carbon storage/injection operations.
Oil Price LNG freight rates for Atlantic Basin spot LNG cargoes slid to below $50,000 per day on Thursday, the lowest level in over seven months, as natural gas prices in Europe drop with peak winter demand behind us. The Spark30S Atlantic LNG freight rates, assessed by Spark Commodities, slid to below $50,000 per day today and were down
Nasdaq LONDON – An oil tanker runs aground off eastern China, leaking fuel into the water. Another is caught in a collision near Cuba. A third is seized in Spain for drifting out of control. These vessels were part of a “shadow” fleet of tankers carrying oil last year from countries hit by Western sanctions, according to a Reuters analysis
Natural Gas Inventories as of March 17, 2023 The EIA has released its natural gas inventory report, showing a net decrease of 72 Bcf as of March 17, 2023. Working gas in storage was 1,900 Bcf as of Friday, March 17, 2023, according to EIA estimates. This represents a net decrease of 72 Bcf from the previous week. Stocks were
2023-03-23 08:30:00 ET Suncor ( TSX:SU ) and Canadian Natural Resources ( TSX…
Burnaby, British Columbia–(Newsfile Corp. – March 23, 2023) – Tantalus Systems (TSX: GRID) (“Tan…
Vancouver, British Columbia–(Newsfile Corp. – March 23, 2023) – Plurilock Security Inc. (TSXV: P…
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