(Oil Price) – Sentiment in oil markets remained very bearish for most of 2024 amid fears of weakening global demand, weak Chinese economy and a potential oversupply in 2025. Commodity analysts at Standard Chartered continuously reiterated their bullish stance, arguing that the extreme bearishness was unwarranted. Well, StanChart appears to have been vindicated, with oil prices trading above $80 per barrel for the
(Investing) – WASHINGTON -U.S. Senate committees on Thursday approved President Donald Trump’s choices to run energy and environmental policy – officials who, if backed by the full Senate, will seek to maximize fossil fuel output and scrap chunks of climate policy. The panel voted 18-2 to approve former North Dakota governor Doug Burgum to lead the U.S. Department of Interior
(Oil Price) – Italy looks to finalize by the end of 2027 plans and legislation that would allow a return to nuclear power generation after more than four decades, Italian Energy Security Minister and Environment Minister, Gilberto Pichetto Fratin, told Italian business daily Il Sole 24 Ore in an interview published on Thursday. Italy halted nuclear reactors after a referendum in 1987 following
Weekly Crude Oil Storage as of January 17, 2025 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.0 million barrels from the previous week. At 411.7 million barrels, U.S. crude oil inventories are 6% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data,
(World Oil) – SLB Capturi has completed commissioning and is handing over its modular carbon capture plant at Twence’s waste-to-energy facility in Hengelo, Netherlands. SLB Capturi is the joint venture between SLB and Aker Carbon Capture, dedicated to carbon removal and reduction solutions. The new plant has the capacity to capture up to 100,000 metric tons of CO2 per year, which
2024-12-23 16:40:00 ET Canadian Natural Resources ( TSX:CNQ ) and Suncor ( TS…
Calgary, Alberta–(Newsfile Corp. – December 23, 2024) – Greenfire Resources Ltd. (NYSE: GFR) (TS…
2024-12-27 10:00:00 ET As we approach 2025, Canadian energy stocks are once again in the sp…
2024-12-27 11:45:00 ET The TSX has weathered the recent storms of inflation and rate hikes …
Calgary, Alberta–(Newsfile Corp. – December 27, 2024) – Greenfire Resources Ltd. (NYSE: GFR) (TS…
(All figures are approximate) Calgary, Alberta–(Newsfile Corp. – January 6, 2025) – Suncor (TS…
2025-01-06 19:00:00 ET While many investors focus on momentum and growth in the market, div…
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