This post was originally published on this siteNov 2 (Reuters) – Shale oil producers Chesapeake Energy Corp and Devon Energy (DVN.N) on Tuesday topped Wall Street earnings estimates, as energy demand recovered from pandemic slump and prices hit multi-year highs. Chesapeake Energy’s third-quarter adjusted net income was $269 million, or $2.38 per share, topping forecasts […]

This post was originally published on this site(Bloomberg)  OPEC and its allies are expected to stick with plans for a modest increase in oil supplies this week, shunning calls from consumers to cool the price rally. The Organization of Petroleum Exporting Countries and its partners will probably ratify the scheduled December hike of 400,000 barrels

This post was originally published on this siteNov 2, 2021 (Bloomberg) As world leaders discuss the fight against climate change, global oil demand has bounced back above the key level of 100 million barrels a day last seen before the Covid-19 pandemic, according to BP Plc. Fossil fuel consumption is recovering despite growing urgency in the effort to

This post was originally published on this siteNov 2, 2021 (Bloomberg) Oil dropped toward $83 a barrel as the market focuses on a meeting of oil producers on Thursday and rising clamor for more crude from consumer nations.West Texas Intermediate futures for December delivery dropped 0.5% on Tuesday, with two days to go until the Organization

This post was originally published on this siteNov 2, 2021 (Bloomberg) As the U.S. and European Union sought to recruit nations in a first-ever pact to slash the world’s methane emissions, America’s climate envoy John Kerry kept his sales pitch simple.Signing the pledge, being released at the COP26 climate summit Tuesday, would amount to shared recognition of the problem

This post was originally published on this siteNov 2 (Reuters) – Conocophillips (COP.N) on Tuesday reported a third-quarter profit that blew past Wall Street expectations, thanks to a rebound in crude prices to pre-pandemic levels after more than a year of depressed fuel demand. Oil prices have climbed nearly 63% since the beginning of the year,

This post was originally published on this siteSummary Underlying profits reach $3.3 bln, beating forecasts Strong trading performance boosts results BP to acquire further $1.25 bln of shares by early 2022 Shares down 2% as company reports $2.5 bln loss to shareholders LONDON, Nov 2 (Reuters) – BP (BP.L) added more than a billion dollars to its

This post was originally published on this sitePeople are seen in front of a showroom that hosts BlackRock in Davos, Switzerland Januar 22, 2020. REUTERS/Arnd Wiegmann Summary Climate Finance Partnership passes $500 mln target France, Germany, Japan all invest in novel fund EM investment a key issue at COP26 climate talks GLASGOW/BOSTON, Nov 2 (Reuters)

This post was originally published on this siteA pipeline that moves methane gas from the Frank R. Bowerman landfill to an onsite power plant is shown in Irvine, California, California, U.S., June 15, 2021.Picture taken June 15, 2021. REUTERS/Mike Blake/File Photo Summary Oil, gas methane emissions at center of EPA plan U.S. oil, gas companies

This post was originally published on this siteU.S. natural gas futures eased to a fresh one-week low on Monday on rising output, lower demand next week than previously projected and growing expectations the United States will have more than enough gas in storage for the winter heating season. That price decline occurred despite forecasts for