Charles Kennedy

Latest articles from Charles

• Oil Prices Set To Climb On Rumors That The Fed Will Stop Hiking Interest Rates

  Published 30 January 2023 | viewed 1,514 times

  Traders expect the Federal Reserve to end its rate hikes in two months, which could push oil prices higher due to the generally inverse relationship…

• Why Texas Should Lead The Energy Transition

  Published 30 January 2023 | viewed 379 times

  Texas could be a leader in the energy transition to a low-carbon energy system, according to the director of the new University of Houston Energy…

• Baker Hughes Sent Oil And Gas Drilling Equipment To Russia From Scotland

  Published 30 January 2023 | viewed 2,852 times

  Baker Hughes, the multinational oilfield services giant, sent oil and gas drilling equipment to Russia from Scotland despite calls from the Scottish government for businesses…

• Iraqi Supreme Court Ruling May Reignite Kurdish Oil Dispute

  Published 26 January 2023 | viewed 1,452 times

  After promising indications that the Iraqi federal government would ease up on its legislative war with the Kurdistan Regional Government (KRG) over the latter’s unilateral…

• U.S. Natural Gas Prices Crash By 7%

  Published 26 January 2023 | viewed 20,180 times

  U.S. natural gas prices fell below $3 per million British thermal units this week for the first time in two years amid continuing warm weather…

• Chevron To Spend $75 Billion On Share Buybacks

  Published 26 January 2023 | viewed 3,507 times

  Chevron will allocate $75 billion for share repurchases, effective April 1, without an expiration date, the company said, as it declared a quarterly dividend of…

• Russia: Western Heavy Weapons Takes Conflict To “New Level”

  Published 25 January 2023 | viewed 18,202 times

  In an about-face on the provision of Western weapons for Ukraine, and despite warnings from Moscow of a serious escalation, Washington has agreed to supply…

• Hess Earnings Outshine With New Guyana Discovery

  Published 25 January 2023 | viewed 6,609 times

  Fourth-quarter earnings on Wednesday saw Hess Corporation (NYSE:HES) soundly beat Wall Street estimates, with another discovery offshore Guyana playing a significant role in the company’s…

• Exxon Stops Flaring In The Permian, Urges Others To Follow Suit

  Published 25 January 2023 | viewed 12,684 times

  One of the biggest oil producers taking part in the most prolific U.S. shale play has decided to stop routine gas flaring in the Permian…

• Sub-Zero Temperatures Set To Boost LNG Demand In Asia

  Published 24 January 2023 | viewed 3,682 times

  A wave of freezing weather is sweeping across Asia and will likely boost energy demand on the continent as the thermometer plunges deep below zero.…

• Freeport LNG Files For Restart, Awaits Regulatory Response

  Published 23 January 2023 | viewed 11,097 times

  Freeport LNG on Monday confirmed for Oilprice.com that repairs had been completed at its liquefied natural gas export facility, which has been offline since June,…

• Baker Hughes Q4 Profit Lags Estimates On Supply Chain Issues

  Published 23 January 2023 | viewed 1,560 times

  Baker Hughes (NASDAQ: BKR) reported on Monday record orders for the fourth quarter, but its earnings came below analyst expectations amid supply-chain and labor shortages.…

• Russian Crude Exports from Baltic Ports See 50% Hike In January

  Published 23 January 2023 | viewed 5,061 times

  As Asian oil demand increases, Russian crude oil loadings from Baltic ports are on track for a 50% hike from December to January, Reuters reports,…

• Italy To Wean Itself Off Russian Gas Within Two Years

  Published 23 January 2023 | viewed 1,850 times

  Italy is expected to eliminate imports of Russian natural gas by the winter of 2024/2025, Claudio Descalzi, the chief executive of energy major Eni, said…

• Kuwait Cabinet Resigns Over Oil Wealth Spending

  Published 23 January 2023 | viewed 2,606 times

  Kuwait’s new Cabinet has resigned amid protests over a planned spending spree of the country’s oil wealth by the Assembly, which some fear would drain…

• Iran Claims Panama Oil Tanker Cancellations Were Politically Motivated

  Published 23 January 2023 | viewed 2,827 times

  Iran has dismissed the significance of Panama’s de-flagging of more than a hundred tankers allegedly used by Iran to ship oil abroad in violation of…

• Watchdog Proposes Redesigning The Texas Energy Grid

  Published 20 January 2023 | viewed 1,608 times

  The Texas Public Utility Commission has proposed redesigning the grid in the Lone Star State in a bid to make it more resilient to extreme…

• Chinese Oil Giants Expect Bumper Profits For 2022 On Spike In Prices

  Published 19 January 2023 | viewed 1,979 times

  China’s largest state-controlled oil and gas firms on Thursday guided for a surge in net profits for 2022 as commodity prices jumped last year and…

• Washington Not Likely To Lower Russian Oil Price Cap–Yet

  Published 19 January 2023 | viewed 2,141 times

  As Europe discusses the possibility of further lowering the G7’s $60 price cap on Russian crude oil to squeeze Kremlin coffers more, Bloomberg is citing…

• World Oil Demand Hit A 9-Month High In November

  Published 19 January 2023 | viewed 3,995 times

  Solid demand in China, India, and Japan lifted global oil demand by 1.7 million barrels per day (bpd) in November to the highest level since…