Energy News Beat Daily Standup Weekly Top Stories OPEC’s Influence on Oil Prices To Remain Significant In 2024 January 2, 2024 Mariel Alumit Fears of lower demand and rising non-OPEC supply threatens OPEC+ cuts. U.S. oil producers took everyone by surprise this year by adding 1 million barrels in daily output. OPEC’s share in the global […]
Energy News Beat Almost everyone knows that the range estimates advertised by automakers should be taken with a grain of salt, and I’m talking about both electric and combustion vehicles. That said, some EVs manage to beat range estimates in real-world testing done by publications like InsideEVs, Edmunds, and Consumer Reports, which can alleviate some of the range […]
Energy News Beat Viv Forbes reminds us of how quickly peace can turn to war and how important energy and industrial strength suddenly was. At this point Australia has lost half the refining capacity it once had and has only about one month of diesel and petrol. In the event of something hostile stopping the […]
Energy News Beat ENB Pub Note: This article is from Andrew Korybko’s Newsletter on Substack. I had to read the article several times to believe the horror. You can assume from the meetings with the Biden Administration in Mexico and soon meetings with the President of Mexico in DC that this deal has already been […]
Energy News Beat Average hourly earnings fuel worries on the inflation front. By Wolf Richter for WOLF STREET. It was the kind of jobs data you’d expect from an economy that is plugging along just fine. The number of payroll jobs created by employers was “better than expected,” the prior two months were revised down, and after revisions, […]
Energy News Beat Chevron, one of the world’s largest oil companies, has said in a securities filing that regulations in the state of California may hurt its business in the fourth quarter of 2023. In a January 2 notice to the U.S. Securities and Exchange Commission, the company said that it “will be impairing a […]
Energy News Beat India is expected to progress on FTA negotiations with several countries, including Russia, in 2024 Multiple countries intend to sign free-trade agreements (FTAs) with India in 2024, driven by their interest in tapping into India’s “large and rapidly growing market,” according to a report by the Global Trade Research Initiative (GTRI). Negotiations […]
Energy News Beat The reduction caused by the industrial slump is not sustainable, a think tank has warned A slump in industrial production and an economic downturn in Germany, Europe’s biggest economy, have caused carbon emissions to drop to their lowest level in seven decades, a German think tank has reported. Last year, Germany’s greenhouse […]
Energy News Beat New York-listed Capital Product Partners has taken delivery of a newbuild liquefied natural gas (LNG) carrier from South Korea’s HD Hyundai Heavy. CPLP took delivery on January 2 of the 174,000-cbm MEGA LNG carrier, Axios II, as part of the previously announced umbrella agreement to buy 11 LNG carriers from its sponsor […]
Energy News Beat Canada’s Pembina Pipeline and the Haisla Nation confirmed they had selected Samsung Heavy Industries and Black & Veatch to provide engineering, procurement, and construction for Cedar LNG’s floating LNG production unit. Cedar LNG revealed the contract award in a statement issued on Thursday, adding that the contract remains subject to a final […]
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.
