This post was originally published on this siteNov 7, 2021 (Bloomberg) The Biden administration will be looking at an updated U.S. energy outlook due this week as it weighs options for lowering oil prices, including tapping the Strategic Petroleum Reserve, Energy Secretary Jennifer Granholm said. Granholm’s comments on CNN’s “State of the Union” on Sunday suggest […]

This post was originally published on this siteNov 5 (Reuters) – Enbridge Inc (ENB.TO) reported a better-than-expected quarterly profit on Friday, as a rebound in demand for crude oil and products from a pandemic-hit low, boosted volumes on its pipelines. Pipeline operators have been enjoying a recovery in shipment volumes owing to oil prices touching multi-year

This post was originally published on this siteHOUSTON, Nov. 05, 2021 (GLOBE NEWSWIRE) — News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) announced today that it has approved its WR Project (the Project), a set of projects anticipated to constitute a total capital investment of approximately US$0.8 billion. The Project is designed

This post was originally published on this site(Bloomberg) Energy Day at COP26 produced a couple of deals meant to phase out fossil fuels and bring in clean energy. But the agreements — crafted as part of the U.K.’s effort to “consign coal to history” — were soon looking a bit thin.The coal pact didn’t include the U.S. or

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