Gear Energy Ltd. Announces April Monthly Update to Shareholders
May 17, 2023
Calgary, Alberta–(Newsfile Corp. – May 17, 2023) – Gear Energy Ltd. (“Gear” or the “Company”) (T…
Underhedged oil producers heavily exposed to low oil prices
May 17, 2023
Oil Price Hedging is a popular trading strategy frequently used by oil and gas producers, airlines and other heavy consumers of energy commodities to protect themselves against market fluctuations. During times of falling crude prices, oil producers normally use a short hedge to lock in oil prices if they believe prices are likely to go even lower in the future. Last
7 Stocks to Sell if the Fed Keeps Raising Interest Rates
May 17, 2023
2023-05-17 14:57:38 ET InvestorPlace – Stock Market News, Stock Advice & Trading Tips…
Oil rises on debt ceiling, demand optimism
May 17, 2023
CNBC Oil prices rose 2% on Wednesday as optimism on oil demand and U.S. debt ceiling negotiations outweighed supply concerns. Brent crude futures rose $1.48, or 2%, to $76.39 a barrel. West Texas Intermediate U.S. crude was up $1.50 cents or 2.1% to $72.36. The International Energy Agency on Tuesday predicted demand would outpace supply by 2 million barrels per day (bpd) in the second half of the year, with China making up 60% of oil demand
Refinery utilization plans tell story of strong oil products demand in U.S.
May 17, 2023
Oil Price U.S. crude oil refineries are planning to run at a rate of 94% utilization this quarter, according to company forecasts and analysts, Reuters said on Tuesday. U.S. total refining capacity is estimated at 17.9 million barrels per day. U.S. refiners have been running at 91% of their operable capacity for the week ending May 5, according to the
U.S. crude oil inventories increase by 5.0 million barrels
May 17, 2023
Weekly Crude Oil Storage as of May 12, 2023 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 5.0 million barrels from the previous week. At 467.6 million barrels, U.S. crude oil inventories are slightly below the five year average for this time of year, according to the EIA crude oil and petroleum
Chevron’s flagship carbon capture and storage project “stuck” at one-third capacity
May 17, 2023
World Oil (Bloomberg) – Chevron Corp.’s flagship carbon capture and storage project in Australia faces years of work to hit full capacity, underscoring the challenge of a technology seen as necessary to help the world hit climate goals. The Gorgon CCS project, one of the largest of its kind in the world, needs investment to boost performance and will be
Chief Executive of America’s largest oil port unexpectedly resigns
May 17, 2023
Oil Price The chief executive of the port of Corpus Christi in Texas, Sean Strawbridge, resigned this week with the announcement providing no reasons for the move, Reuters reported. Strawbridge took the helm of the port of Corpus Christi in 2018 after serving as its chief operating officer. According to Reuters, during Strawbridge’s term, the port’s operating revenues expanded
OPEC invites Ecuador to rejoin after three-year absence
May 17, 2023
World Oil (Bloomberg) – OPEC invited Ecuador to rejoin the oil producers’ group just over three years after its departure, according to a letter received by the country’s Energy Ministry. Secretary-General Haitham Al-Ghais wrote that readmission of the Latin American nation is a “top priority” for OPEC and offered to visit to “explain the multiple advantages” of membership. Quito
Oil little changed as demand worries face tight supply outlook
May 17, 2023
BOE Report Oil prices rose slightly on Wednesday as traders remained cautious after a surprise rise in U.S. crude inventories stoked demand concerns on the heels of weaker-than-expected economic data from the United States and China. U.S. West Texas Intermediate crude edged up $1.52, or 2.15% to $72.05. Brent crude futures rose $1.48, or 1.98% to $76.18 a barrel. “Crude
SusGlobal Energy Corp. Reports First Quarter 2023 Financial Results
May 17, 2023
Toronto, Ontario–(Newsfile Corp. – May 17, 2023) – SusGlobal Energy Corp. (OTCQB: SNRG) (” SusGl…
California Nanotechnologies Announces US$275K in Orders from Leading Green Steel Cleantech Company
May 17, 2023
Los Angeles, California–(Newsfile Corp. – May 17, 2023) – California Nanotechnologies Corp. (TSX…
