Downstream

This post was originally published on this site(Bloomberg) Oil futures shrugged off a broader market selloff, sustained by a growing belief that even an economic slowdown would fail to alleviate an ongoing supply crunch. West Texas Intermediate futures rose to near $121, erasing over $3 of losses during the session. A growing chorus of market watchers […]

This post was originally published on this site(Bloomberg) Oil rose toward $122 a barrel as investors weighed a tight supply outlook and the impact of China’s eventual return from virus curbs. West Texas Intermediate gained for a second session after closing 0.2% higher on Monday, shrugging off a broader market rout that was driven by

This post was originally published on this siteGOLDEN, Colo., June 13, 2022 (GLOBE NEWSWIRE) — Alpha Energy, Inc. (OTC Pink – APHE) (“Alpha”) announced today that it has completed its first sale of crude oil from its recently acquired leases. Just 2 ½ months after closing on 5 producing and 26 additional leased wells, Alpha is pleased to announce that it has

This post was originally published on this siteBy Irina Slav More from Irina Slav The energy transition front of the European Union — and the UK — has had it in for internal combustion engine vehicles for years. Petrol and diesel car are simply incompatible with the energy transition, even though the co-founder of Extinction

This post was originally published on this site Tanzania has signed a framework agreement with Norway's Equinor and Britain's Shell that will bring closer the start of construction of a $30 billion LNG export terminal.

This post was originally published on this siteU.S. natural gas futures were little changed on Monday as record power demand in Texas offset a forecast decline in gas use across the rest of the country this week. Power demand in Texas hit an all-time high on Sunday and will likely break that record on Monday

This post was originally published on this siteCarbon pressures are mounting and it’s the Chief Financial Officer who is the most alarmed about carbon impacts on the business. And they’re right to be concerned. Carbon Meets Money Global interest in all things carbon is keeping CFOs up at night. No, that’s not quite correct—it’s terrifying

This post was originally published on this siteJune 13 (Reuters) – U.S. oil producers profiting from sky-high prices are doling out billions to shareholders and building cash reserves, a strategy irking lawmakers and voters struggling with record fuel prices while winning over Wall Street. Soaring fuel prices have boosted inflation to a 40-year record and

This post was originally published on this siteOSLO, June 12 (Reuters) – Norwegian oil firms and employees have agreed in principle a new wage deal, avoiding for now a strike at nine fields that could have hit the country’s petroleum output, employers and unions said on Sunday. Two of the three unions that negotiated with

This post was originally published on this site(Bloomberg) President Joe Biden said he has “not yet” made a decision about visiting Saudi Arabia, but that if he went it would be to take part in meetings that go beyond energy topics. While Biden didn’t specify the format, Saudi Arabia has been planning a summit of the