Acceleware Provides RF XL Commercial-Scale Pilot Update and Announces Non-Brokered Private Placement of Units
June 6, 2023
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S. CALGARY, A…
Suncor Energy Announces Dave Oldreive as New Executive Vice President of Downstream
June 6, 2023
Calgary, Alberta–(Newsfile Corp. – June 6, 2023) – Suncor (TSX: SU) (NYSE: SU) today announced t…
Analysis-Saudi Arabia’s ‘icing on the cake’ oil cut could feed US producers
June 6, 2023
Yahoo LONDON – Saudi Arabia has crafted a complex OPEC+ deal with a view to punishing investors that have bet on falling oil prices but could inadvertently lend long-term support to the rival U.S. energy industry, OPEC+ insiders and market watchers said. On Sunday, Saudi Arabia pledged to cut its oil output by 1 million barrels per day (bpd), or
Mexico’s energy conundrum: AMLO’s nationalization plans face scrutiny
June 6, 2023
Oil Price Mexico’s state-owned oil company Pemex has faced challenge after challenge, following scrutiny over its poor safety standards and low production levels and now it’s likely to miss the scheduled launch of its new refinery. The indebted oil firm was expected to open the new Olmeca refinery last December before it announced it was postponing the opening until July
Dad’s mad: Saudis frustrated with lack of OPEC compliance
June 6, 2023
Oil Price Saudi Arabia agreed to take one for the team this weekend and volunteered to cut another 1 million barrels per day off its crude oil production to keep the market in check—and to punish short sellers. But Saudi Arabia’s Energy Minister has had it up to here with other OPEC members failing to meet their production quotas month
US crude oil exports to gain tail winds from Saudi July output cut
June 6, 2023
Nasdaq HOUSTON – U.S. crude oil exports, already running close to a record level hit in March, should get a further boost next month from deep production cuts in Saudi Arabia, analysts said on Monday, noting that this will also further deplete U.S. crude inventories, which have been hovering near historic lows. Saudi Arabia, de facto leader of oil producer group
Russia sees oil & gas tax revenue shed 36% in May
June 6, 2023
Oil Price Lower crude oil prices, Western sanctions and European push for energy independence combined to shave 36% off Russia’s oil and gas tax collection for last month, compared to a year ago, Bloomberg reports, citing the Russian Finance Ministry. Crude oil and oil products, which accounted for some 75% of Moscow’s total hydrocarbon revenues in May, saw a 31% drop
The 3 Best Biofuel Stocks to Buy Now
June 6, 2023
2023-06-06 10:19:57 ET InvestorPlace – Stock Market News, Stock Advice & Trading Tips…
Oil prices tick down with OPEC meeting in rear view
June 6, 2023
CNBC Oil prices edged lower on Tuesday, giving up most of the prior session’s gains that followed an announcement by the world’s top exporter, Saudi Arabia, that it would further cut output. Brent crude futures were down 23 cents, or 0.3%, at $76.48 a barrel at 00:20 GMT. The U.S. West Texas Intermediate crude eased 25 cents, or 0.4%, to $71.90 a
