Downstream

This post was originally published on this siteNov 5, 2021 (Bloomberg) There’s a significant risk that the number of energy suppliers in the U.K. could plunge to just five or six by April as rising prices put unbearable pressure on utilities’ balance sheets, a prominent industry executive said. Suppliers with clients on tariffs linked to the […]

This post was originally published on this siteNov 5, 2021 (Bloomberg) For U.S. President Joe Biden, the easy part was threatening a response. Now comes the tougher challenge of delivering one.When last week Biden pressed OPEC+ to bring oil prices down with a large output hike, he warned of consequences if the cartel rejected his appeal:

This post was originally published on this siteNov 5, 2021 (Bloomberg) Oil rose as investors weighed a limited production increase from OPEC+ against the potential supply response from key consumers, including the U.S. Futures in New York traded above $79 a barrel, though prices have shed about 5% this week. After a brief meeting, OPEC and its

This post was originally published on this site(Bloomberg) OPEC+ stuck to its guns and maintained its modest output boost for December as the alliance shunned calls from key consumers to pump more. President Joe Biden has been a vocal advocate of a larger supply increase and the decision from the group prompted the U.S. to say it would

This post was originally published on this siteNov 4, 2021 (Bloomberg) Goldman Sachs Group Inc. said global oil markets remain undersupplied and to expect oil-price volatility to rise in coming weeks amid an open disagreement between OPEC+ and the U.S. around crude production. “Net, our bullish view remains unchanged: the oil deficit remains unresolved, the current

This post was originally published on this siteCustomer Additions of 30,698 in Q3, Bringing Total Customers to 630,441, 20% year-over-year growth in Customers pro-forma for Vivint Solar Net Subscriber Value of $7,605 in Q3, an increase of $2,031 from Q2 Annual Recurring Revenue of $787 Million with Average Contract Life Remaining of 17.3 years Net

This post was originally published on this siteHOUSTON, Nov. 04, 2021 (GLOBE NEWSWIRE) — Occidental (NYSE: OXY) today announced its third quarter 2021 financial results. The announcement and financial schedules can be accessed via the Investor Relations section of the company’s website, oxy.com. The earnings release is also available on the U.S. Securities and Exchange Commission’s website at sec.gov. The

This post was originally published on this siteRaising 2021 adjusted EBITDA, operating earnings and distributable cash flow guidance Delivering 10% adjusted EBITDA growth and 12% operating earnings growth from 2020 original guidance Executing on investment opportunities that will deliver distinctive future growth Discusses industry-first carbon-neutral expansion DETROIT, Nov. 05, 2021 (GLOBE NEWSWIRE) — DT Midstream,

This post was originally published on this siteDENVER, Nov. 04, 2021 (GLOBE NEWSWIRE) — DCP Midstream, LP (NYSE: DCP) (the “Partnership”) announced today that its wholly owned subsidiary, DCP Midstream Operating, LP (the “Operating Partnership”), priced an offering of $400 million aggregate principal amount of its 3.25% senior notes due 2032 at a price to

This post was originally published on this siteNov 4, 2021 (Bloomberg) OPEC+ is heading for a politically consequential showdown with President Joe Biden, as Saudi Arabia and its allies must choose whether to heed American demands for more oil. The cartel looked set to rebuff the request, triggering a bare-knuckle fight with the White House, which