General

This post was originally published on this siteJanuary 24, 2022 Reuters U.S. natural gas futures slipped on Monday as output slowly recovers from well freeze-offs earlier in January and on forecasts for less cold and lower heating demand next week than previously expected. That price decline came despite forecasts for more cold and heating use this […]

This post was originally published on this siteJanuary 24, 2022 Barclays on Monday raised its average oil price forecasts by $5 per barrel for this year, aided by extremely tight inventories, shrinking spare capacity and a relatively mild effect of COVID-19 infections on demand. “We remain constructive on oil prices… This is due primarily to

This post was originally published on this siteShell has confirmed that it has changed its name.

This post was originally published on this siteCarnarvon will be abandoning the Buffalo-1 drilled offshore Timor-Leste because of disappointing results.

Shell's Quest plant in Alberta, Canada has previously been touted as a “thriving example” of how CCS is working to significantly reduce carbon emissions.

Shell's Quest plant in Alberta, Canada has previously been touted as a “thriving example” of how CCS is working to significantly reduce carbon emissions.

This post was originally published on this siteAramco said demand for oil is nearing pre-Covid levels.

This post was originally published on this siteWASHINGTON, Jan 24 (Reuters) – Around 30 oil and gas facilities across the Permian Basin in Texas and New Mexico spewed large amounts of methane for three years, emitting the equivalent climate pollution from half a million cars, according to a report released on Monday. The facilities, which

This post was originally published on this siteJan 24 (Reuters) – Halliburton Co (HAL.N) posted a rise in fourth-quarter adjusted profit on Monday as higher crude oil prices drove up demand for its oilfield services and equipment. U.S. oil prices rose more than 50% last year and have made a strong start to 2022, hovering around $85

This post was originally published on this site(Bloomberg) Three top investment banks are now expecting oil to hit $100 or more during the year, as supplies can barely keep up with a recovery in crude demand. High oil prices have been a thorn in the side of top oil consumers including the U.S. and China.