Energy News Beat China’s maritime imports dropped to 10 million b/d at the start of the summer. The trend of weaker demand and sluggish physical activity in China impacted Middle East oil pricing. By not cutting when regional differentials were collapsing and hiking when conditions were ripe, Aramco managed to bring its European OSPs to […]
Energy News Beat Bolivia’s Mayaya Centro gas discovery, with an estimated 1.7 trillion cubic feet of gross unrisked resource, provides hope for arresting declining production and boosting reserves. Mayaya Centro is part of YPFB’s Upstream Reactivation Plan, which aims to prioritize investments in exploring and exploiting oil and gas reserves. Development of Mayaya Centro within […]
Energy News Beat Energy and the Olympics What a time we live in where the Olympics in Paris starts with terror attacks on the train system, controversy in the opening, a power blackout, and athletes bringing their own air conditioners. All that and more on the live podcast from Texas, the UK, and Bulgaria. You […]
Energy News Beat The latest employment data from the Bureau of Labor Statistics for June 2024 offers a compelling snapshot of the divergent economic fortunes of red and blue states. The national unemployment rate remained steady at 4.1 percent, a modest increase of 0.5 percentage points from June 2023. Yet, beneath these headline figures lie significant contrasts […]
Energy News Beat Decision could make island more dependent on energy imports Taiwan aims to decommission last reactor by May next year Taiwan will shut down its second-to-last nuclear plant on Saturday in a move likely to make the island at the center of US-China tensions even more dependent on the outside world for energy. […]
Energy News Beat Treasury Secretary Janet Yellen said Saturday the world’s transition to a low-carbon economy requires $3 trillion in new investment annually through 2050, and that filling the financing gap to reach that level of funding represents the biggest economic opportunity of the 21st century. Yellen spoke in Belem, a Brazilian city known as the […]
Energy News Beat Daily Standup Top Stories BRICS Officially Announces Financial System Similar to SWIFT July 26, 2024 Stu Turley The BRICS alliance is looking to bypass the Western SWIFT system and replace it with its own financial mechanism. The creation of a new financial messaging system similar to SWIFT will allow BRICS to reshape […] Potential […]
Energy News Beat Nigeria, the biggest oil producer in Africa, is considering ways to curb soaring inflation, including by giving the central bank powers to use gold to boost reserves. Nigerian lawmakers are discussing a bill to create a so-called Gold Reserve Authority and give the central bank the powers to be the automatic off-taker […]
Energy News Beat Projection is blaming someone else for your own bad behavior. We saw a classic case of projection in Thursday’s presidential debate, when President Biden—who is overseeing annual budget deficits of $2 trillion—asserted that his predecessor, Donald Trump, added more to the federal debt than anyone else. It’s part of the latest leftist argument: that […]
Energy News Beat Shares in BP fell by as much as four percent this morning after it warned it was expected to post an impairment of up to $2bn (1.6bn) and was operating under “significantly” lower refining margins. The FTSE 100 oil major, which in April surprised investors with a better-than-expected oil and gas trading performance […]
Pecos Country Operating, LLC is a privately owned oil and gas exploration and production company headquartered in Fort Worth. We own and operate wells across the South Central United States with our predominant means of production coming out of West and North Texas.
