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Energy Fund Manager Predicts Major Upside For Oil Equities

Energy Fund Manager Predicts Major Upside For Oil Equities

Ninepoint Energy Fund’s Eric Nuttall…

Greenwashing Backlash Sparks ESG Exodus

Greenwashing Backlash Sparks ESG Exodus

Amid growing backlash and scrutiny,…

News

Exxon Eyes $16 Billion In Profits From Its Fuel And Chemicals Businesses By 2027

Exxon Eyes $16 Billion In Profits From Its Fuel And Chemicals Businesses By 2027

Sep 21, 2023 at 03:40 | Charles Kennedy

Exxon expects to generate some $16 billion in profits from its fuels and chemicals businesses in 2027, company executives told media. "Toward the end of this decade we…

Canada To Aggressively Reduce Methane Emissions From Its Oil And Gas Industry

Canada To Aggressively Reduce Methane Emissions From Its Oil And Gas Industry

Sep 21, 2023 at 02:08 | Charles Kennedy

Canada will seek to reduce methane emissions from its oil and gas industry by more than its initial ambitious target. That target was a 75% reduction from 2012…

The Oil And Gas Workers’ Association Endorses Trump For 2024 Vote

The Oil And Gas Workers’ Association Endorses Trump For 2024 Vote

Sep 21, 2023 at 01:09 | Charles Kennedy

The Oil and Gas Workers’ Association has endorsed former president Donald Trump as their champion in next year’s presidential election. The industry group’s president, Matt…

Despite Oil’s Rally, Fed Holds Off On Rate Hike

Despite Oil’s Rally, Fed Holds Off On Rate Hike

Sep 20, 2023 at 14:19 | Charles Kennedy

The U.S. Federal Reserve on Wednesday decided to hold interest rates steady for September, indicating next year may see fewer rate cuts that analysts had earlier anticipated. 

Russia Sends First Ever Cargo Of CPC Crude To UAE

Russia Sends First Ever Cargo Of CPC Crude To UAE

Sep 20, 2023 at 12:34 | Alex Kimani

Russian oil major Lukoil and independent producer CenGeo have sent CPC blend to United Arab Emirates’ national oil company ADNOC, marking the first time ever the UAE has…

2024 European Gas Prices Could Be Disappointing: WoodMac

2024 European Gas Prices Could Be Disappointing: WoodMac

Sep 20, 2023 at 11:18 | Julianne Geiger

European gas prices could be significantly lower than forecast for next summer, according to Wood Mackenzie, which cited lower demand from power plants and sufficient gas in storage. According to…

Saudi’s ADES Prices IPO At Over $4 Billion Valuation

Saudi’s ADES Prices IPO At Over $4 Billion Valuation

Sep 20, 2023 at 10:39 | Alex Kimani

Saudi Arabia’s PIF-backed oil and gas driller ADES Holding has set the final price for its initial public offering (IPO) at the top-end of the set range, implying a valuation of 15.242…

Negotiations Break Down Between Chevron And Australian LNG Workers

Negotiations Break Down Between Chevron And Australian LNG Workers

Sep 20, 2023 at 09:00 | Charles Kennedy

Australia’s Fair Work Commission is set to decide on Friday whether to halt the strikes at Chevron’s two LNG export facilities in Australia after the latest talks between…

California Truckers Race To Buy Diesel Rigs Ahead Of New Zero-Emission Rule

California Truckers Race To Buy Diesel Rigs Ahead Of New Zero-Emission Rule

Sep 20, 2023 at 08:29 | Charles Kennedy

Logistics and trucking companies in California are rushing to buy diesel-powered rigs ahead of a new state mandate that will require from January 1, 2024 trucks bought after…

Chinese Fuel Oil Imports Continue To Dip From Decade-High  

Chinese Fuel Oil Imports Continue To Dip From Decade-High  

Sep 20, 2023 at 07:43 | Tsvetana Paraskova

Soaring prices and recovering imports of diluted bitumen led to a second consecutive month of lower fuel oil imports into China compared to the previous month, according to…

Exxon Lobbies To Have Gas-Produced Hydrogen Included In IRA Tax Credits

Exxon Lobbies To Have Gas-Produced Hydrogen Included In IRA Tax Credits

Sep 20, 2023 at 07:13 | Tsvetana Paraskova

ExxonMobil is lobbying the Biden Administration to have hydrogen derived from natural gas with carbon capture – the so-called blue hydrogen – be eligible for the generous tax credits under…

Goldman Sachs Raises Year-Ahead Brent Oil Forecast To $100

Goldman Sachs Raises Year-Ahead Brent Oil Forecast To $100

Sep 20, 2023 at 04:34 | Tsvetana Paraskova

Goldman Sachs raised on Wednesday its 12-month ahead forecast for Brent Crude oil prices to $100 per barrel from $93 previously expected as it sees…

Enbridge Could Add More Capacity To U.S.-Bound Crude Oil Flows

Enbridge Could Add More Capacity To U.S.-Bound Crude Oil Flows

Sep 20, 2023 at 03:45 | Tsvetana Paraskova

Canadian pipeline giant Enbridge will consider adding around 200,000 barrels per day to its oil pipeline system carrying crude to the United States once the Trans Mountain Expansion…

The Trader That Sparked A Surge In U.S. Oil Prices

The Trader That Sparked A Surge In U.S. Oil Prices

Sep 20, 2023 at 01:22 | Charles Kennedy

The trading arm of French supermajor TotalEnergies is gobbling up U.S. crude, pushing WTI crude for delivery at Cushing to its highest premium since November, Bloomberg has

Strong Crude Draw, Falling Inventories At Cushing Support Oil Prices

Strong Crude Draw, Falling Inventories At Cushing Support Oil Prices

Sep 19, 2023 at 15:44 | Julianne Geiger

The American Petroleum Institute (API) has reported a large 5.25-million-barrel draw in U.S. crude inventories, offsetting last week’s 1.174-million-barrel build. Analysts were expecting an inventory draw of 2.667 million barrels…

Glencore Loses Another Head Oil Trader After Massive Payouts

Glencore Loses Another Head Oil Trader After Massive Payouts

Sep 19, 2023 at 13:28 | Julianne Geiger

Commodity trader Glencore PLC lost yet another member of its oil trading division, with Guy Freshwater, head of crude oil trading in the United States, taking his leave. Freshwater stepped…

Repsol CEO: Soaring Electricity Costs, Regulations Jeopardize Energy Transition

Repsol CEO: Soaring Electricity Costs, Regulations Jeopardize Energy Transition

Sep 19, 2023 at 12:14 | Julianne Geiger

The energy transition is in jeopardy from the soaring cost of electricity and insufficient regulations, Repsol CEO Josu Jon Imaz said on Tuesday. Developing and implementing clean hydrogen is among…

Exxon To Increase Oil Production In Nigeria

Exxon To Increase Oil Production In Nigeria

Sep 19, 2023 at 11:48 | Julianne Geiger

Exxon will boost crude oil production in Nigeria by an additional 40,000 barrels per day, Nigerian President Bola Tinubu's spokesman Ajuri Ngelale said in a statement on Tuesday. Nigeria has…

French Utility Giant’s CEO Says Energy Crisis Is Far From Over

French Utility Giant’s CEO Says Energy Crisis Is Far From Over

Sep 19, 2023 at 10:27 | Charles Kennedy

Europe’s energy crisis “is far from over” as risks to supply will continue to persist until new LNG volumes hit the market in 2026, according to Catherine MacGregor, chief executive…

Canada’s Inflation Accelerates As Gasoline Prices Rise

Canada’s Inflation Accelerates As Gasoline Prices Rise

Sep 19, 2023 at 09:14 | Tom Kool

Canada’s annual inflation accelerated to 4% in August from a 3.3% rise in July, mostly on the back of higher gasoline prices last month, Statistics Canada said on Tuesday,…

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