Energy News Beat The Fed has now shed 29% of Treasuries it had added during pandemic QE starting in March 2020. By Wolf Richter for WOLF STREET. The Fed’s Quantitative Tightening (QT) continues on track, and the unwinding of the March bank-panic measures took a leap forward as the FDIC paid off the rest of its loans from […]
Energy News Beat US News MOSCOW – Saudi Arabia and Russia, the world’s two biggest oil exporters, on Thursday called for all OPEC+ members to join an agreement on output cuts for the good of the global economy only days after a fractious meeting of the producers’ club. Source: Reuters “They stressed the importance of […]
Energy News Beat Nasdaq DUBAI – The global nuclear industry got a morale boost at the COP28 climate summit in Dubai after more than 20 nations vowed to triple capacity by 2050. But reaching that goal will require the industry to overcome regulatory hurdles, financing obstacles, fuel bottlenecks, and public safety concerns that have contributed to a […]
Energy News Beat World Oil (Bloomberg) – Venezuela is in advanced talks on new deals with European energy majors Repsol SA and Eni SpA as the Andean nation seeks to reassert itself as a global oil producer after the U.S. eased sanctions. Source: Reuters The Spanish and Italian companies are hammering out contract terms between […]
Energy News Beat Fund Ukraine or your children will have to fight Russia, X host claims Congress was told US Secretary of Defense Lloyd Austin reportedly told members of Congress that unless they approve more funding to Ukraine, Americans will be sent to fight Russia directly, former Fox News host Tucker Carlson said on Thursday. […]
Energy News Beat The Ukrainian government on Thursday requested emergency assistance from Poland, Romania, and Slovakia as freezing temperatures caused a shortage of power in the electrical grid, the state utility Ukrenergo has said. Demand for electricity grew higher than what the Ukrenergo grid could support as snow fell in Kiev and the thermometers dropped […]
Energy News Beat Well, if Bill Gates and Larry Fink, the CEO of the world’s largest ESG fund, both say that climate change won’t kill us and that oil and gas investing is ok, what changed? Let’s table that thought. ; Michael and I have been inundated with oil and gas deal evaluation requests. We […]
Energy News Beat Sales of EVs soar 56.7% in 2023 through Q3. Sales of vehicles with gasoline engines languish at +1.4%. The new registrations are out. By Wolf Richter for WOLF STREET. Tesla’s Model Y was the #2 bestseller in the US in 2023 through Q3, with a market share of 2.5% of all new light vehicles sold, […]
Energy News Beat Global players may decide that the organization is too Western dominated and look for a new arrangement in the 21st century The world has entered a period of qualitative change that will irreversibly alter the structure of the international system and usher in a new format for international affairs. Over the past […]
Energy News Beat Washington and its allies are seeking to impede Moscow’s economic activity in the region, Nikolay Yevmenov has said Russia is facing a growing security threat in the Arctic, the nation’s Navy commander, Admiral Nikolay Yevmenov, said on Thursday. The threat is particularly linked to the “growing foreign presence” in the region owing […]
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.
