Energy News Beat Investing LONDON – Oil prices tanked 4% on Wednesday as OPEC+ producers unexpectedly delayed a meeting on output planned for Sunday, raising questions about the future course of crude production cuts. Source: Reuters futures was down $3.39, or 4.1%, to $79.06 a barrel by 1412 GMT. U.S. West Texas Intermediate (WTI) crude […]
Energy News Beat The bloc has drastically increased purchases from the South Asian nation, RIA Novosti reports, citing EU statistics India has become the European Union’s second-largest supplier of refined petroleum products this year, RIA Novosti reported on Thursday, citing its own calculations based on the bloc’s official statistics. According to Eurostat’s latest EU imports […]
Energy News Beat The news agency claims Ankara said it would not ratify Stockholm’s bid in time for a NATO ministerial meeting next week NATO will be unable to officially induct Sweden at next week’s meeting of foreign ministers, member Türkiye has reportedly notified the military bloc. Reuters cited anonymous sources on Wednesday as saying […]
Energy News Beat The outflow follows a huge fine on the exchange and criminal charges against its former CEO in the US The world’s largest crypto exchange Binance saw a sharp uptick in withdrawals after its founder and CEO Changpeng Zhao pleaded guilty to criminal and civil charges in the US, it was reported […]
Energy News Beat November 22, 2023 Data source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update, and the U.S. Bureau of Labor Statistics On November 20, 2023, the Monday before Thanksgiving, the retail price of regular gasoline averaged $3.29 per gallon (gal) across the United States, 10% less than the same time last year. […]
Energy News Beat This commentary was submitted by Sneha Ayyagari, a Clean Energy Leadership Institute Fellow and a Program Manager for Clean Energy Initiative at the Greenlining Institute. See our commentary guidelines for more information. Winter is coming, and having resilient homes is crucial in climate disasters. For instance, Texans were woefully unprepared for Storm Uri […]
Energy News Beat TotalEnergies has completed the sale of TotalEnergies EP Canada Ltd., which holds a 31.23 percent working interest in the Fort Hills oil sands mining project, to Suncor Energy Inc. Aside from the Fort Hills asset, the acquisition also includes associated midstream commitments. The consideration for the transaction is around $1.1 billion (CAD […]
Energy News Beat Unintended but not unexpected is one way of describing what’s happening to the price of steel-making coal as governments suppress supply in the face of steady demand growth, a perfect recipe for a higher price. On cue, high-quality hard coking (or metallurgical) coal has risen by 9% over the past three months […]
Energy News Beat Imagine a household that consumes 1,000 kilowatt hours of energy per month. Then they install solar panels on their roof that generate 500 kilowatt hours of electricity per month on average. How much should their consumption of electricity drawn from the power grid decline after they install solar? Five hundred kilowatt hours […]
Energy News Beat Investors withdrew $14.2 billion from U.S. sustainable funds over the past year. Global renewable energy funds experienced record outflows in Q3 2023, with stocks plummeting amid rising costs and market challenges. Political and regulatory changes, including challenges to the Biden Administration’s ESG rule and SEC’s anti-greenwashing efforts, contribute to the decline in […]
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.
