Downstream

This post was originally published on this siteLONDON, March 3 (Reuters) – Europe’s gas futures prices for next winter are surging to a record high as traders anticipate the energy shortage will last into 2023, putting financial pressure on households and businesses across the region. The risk of shortages this winter has been eliminated thanks […]

This post was originally published on this siteSummary Extra supplies from OPEC+, others not enough Oil prices hit 10-year high on March 3 For a table of crude price forecasts, click March 4 (Reuters) – A rally that has driven oil prices to their highest in almost a decade shows no signs of abating, as

This post was originally published on this siteMar 4, 2022 (Bloomberg) Oil climbed, ending a week in which it swung by more than $20 a barrel after Russia’s invasion of Ukraine roiled global markets and fueled fears of a supply crunch. Futures in New York and London were up more than 2% Friday. The global

This post was originally published on this siteMar 4, 2022 (Bloomberg) The prospect of restrictions on Russian energy exports could send oil prices above $200 per barrel, according to Westbeck Capital Management.The London-based hedge fund is among a cadre of commodities-focused funds betting on an extended rally for crude after Russia’s invasion of Ukraine, even as a potential

This post was originally published on this siteMar 3, 2022 (Bloomberg) The chorus is growing from America’s oil executives for President Joe Biden to throw the federal government’s weight behind an industry he once deliberately shunned: U.S. shale. The Biden administration, which has made climate one of its policy pillars, has more than once asked OPEC+

This post was originally published on this siteMar 3, 2022 (Bloomberg) California, already paying record prices for motor fuel, is set to shell out even more with the Golden State more exposed to surging oil prices than the rest of the country in the wake of Russia’s invasion of Ukraine.Diesel prices at the pump rose to

This post was originally published on this siteJulia Gwaltney Named SVP, COO March 03, 2022 HOUSTON, March 03, 2022 (GLOBE NEWSWIRE) — Ranger Oil Corporation (“Ranger” or the “Company”) (NASDAQ: ROCC) announced today the promotion of Julia Gwaltney to the role of Senior Vice President and Chief Operating Officer (“COO”) effective immediately. Ms. Gwaltney joined

This post was originally published on this siteA bipartisan group of U.S. senators introduced a bill on Thursday to ban U.S. imports of Russian oil, saying the shipments could be replaced by boosting output in North America and other places. The bill, Banning Russian Energy Imports Act, is intended to punish President Vladimir Putin over

This post was originally published on this siteThere is only one way oil prices are going to fall – by first rising even more. That is the growing consensus among Wall Street analysts, who say there is not enough supply to impede crude prices from their relentless surge. Global benchmark Brent and U.S. crude futures

This post was originally published on this siteMore from Michael Shellenberger While we banned plastic straws, Russia drilled and doubled nuclear energy production. How has Vladimir Putin—a man ruling a country with an economy smaller than that of Texas, with an average life expectancy 10 years lower than that of France—managed to launch an unprovoked full-scale