Downstream

This post was originally published on this siteNov 14, 2021 (Bloomberg) Oman said there was no need for OPEC+ to accelerate oil-production increases, signaling at least some members of the group will continue to resist U.S. pressure for more crude.OPEC+ is already raising daily supply by 400,000 barrels per month and that’s enough, Oman’s Energy Minister Mohammed Al-Rumhy […]

This post was originally published on this siteKaombo Norte floating oil platform is seen at night off the coast of Angola, November 8, 2018. REUTERS/Stephen Eisenhammer/File Photo DUBAI, Nov 12 (Reuters) – Several African countries plan to exploit their oil and gas reserves to tackle poverty and energy shortages, representatives gathered in Dubai said this

This post was originally published on this siteNov 12, 2021 (Bloomberg) NextEra Energy Inc. has applied to build transmission lines that would carry electricity from new wind turbines off the coast of New York. The company, which calls itself the world’s biggest generator of wind and solar power, filed proposals with the regional grid operator, the

This post was originally published on this siteNov 12, 2021 (Bloomberg) One hour after U.S. government data showed on Wednesday that American inflation had soared to a 31-year high, President Joe Biden vowed to fight the surge as “a top priority.”Key to his administration’s response, Biden said in a statement, would be addressing the rising cost

This post was originally published on this siteMOSCOW, Nov 12 (Reuters) – Russia’s Rosneft (ROSN.MM) the world’s second-biggest oil company by output after Saudi Aramco, warned on Friday of a potential “super cycle” in global energy markets, raising the prospect of even higher prices as demand outstrips supply. Surging oil prices, boosted by rebounding economies worldwide,

This post was originally published on this siteAUSTIN, Texas, Nov. 12, 2021 (GLOBE NEWSWIRE) — via InvestorWire — Laredo Oil, Inc. (“Laredo Oil”) (OTC: LRDC) announces today it has received a reserve report from an independent petroleum engineering firm estimating that interests of proved undeveloped, probable undeveloped and contingent reserves, and forecasts of economics attributable to

This post was originally published on this siteNov 12, 2021 (Bloomberg) Oil headed for its longest run of weekly losses since March as President Joe Biden kept investors guessing about whether he’ll act to tame prices that have helped to stoke a surge in U.S. inflation, hurting consumers. West Texas Intermediate fell 1.5%, putting crude on

This post was originally published on this siteLONDON, Nov 11 (Reuters) – Oil prices are expected to stabilise near current levels over the next few months, then decline progressively over the course of next year, according to the latest forecasts from the U.S. Energy Information Administration. The EIA expects output increases from OPEC+, U.S. shale

This post was originally published on this siteLONDON, Nov 12 (Reuters) – Shipping companies that transport the world’s coal are in the crosshairs of some financial backers who are cleaning up their businesses in the absence of a truly global drive by nations to renounce the dirtiest fossil fuel. In a sign of investors taking

This post was originally published on this siteTexas Railroad Commission Chairman Wayne Christian, a frequent critic of climate-change activists and alternative energy, is facing an increasingly crowded field for re-election next year. The staunch Donald Trump supporter who leads the Lone Star state’s top oil regulator is seeking a second term on the three-person panel.