Energy News Beat CNBC Oil prices rose on Friday, a day after sinking 5% to a four month-low on growing worries about burgeoning non-OPEC supply and cooling demand. The West Texas Intermediate contract for December rose $2.21, or 3.03%, to $75.11 per barrel, while the Brent contract for January rose 3.2%, or $2.49, to $79.91 a barrel. Source: CNBC Both […]
Energy News Beat 18 Nov, 2023 08:36 HomeBusiness News Moscow is selling crude above the $60-a-barrel price cap, according to data The price limit imposed by the G7 and EU on Russian seaborne oil sales is being ignored, Bloomberg reported on Friday, citing calculations based on budget data from Moscow. According to the Russian Finance […]
Energy News Beat The South Asian nation’s decision to continue trade with Moscow helped manage global inflation, its foreign minister said Indian Foreign Minister Subrahmanyam Jaishankar has asserted that India, the world’s second-largest oil buyer following China, played a pivotal role in stabilizing global oil and gas prices by continuing trade with Russia, thereby mitigating […]
Energy News Beat Oil Price The global push for decarbonization hasn’t impacted either the access to external capital or the cost of capital for oil and gas companies, S&P Global Ratings and S&P Global Commodity Insights said in a new report. Source: Oil Price Most mid-sized and large oil and gas companies in Europe and North […]
Energy News Beat Oil Price Goldman Sachs expects OPEC to not let oil prices slide too much below $80 per barrel next year and use its pricing power to keep them in the $80-$100 range, the bank said in a note this week, ahead of the OPEC+ meeting on November 26. Source: Oil Price Oil […]
Energy News Beat Oil Price Following the U.S. sanctions relief on Venezuela’s oil industry, supermajor Chevron has started to supply Venezuelan state oil firm PDVSA with fuels in an expansion of an oil swap deal, Reuters reports, citing sources with knowledge of the matter. Source: Reuters Chevron has already sent one cargo to Venezuela as part […]
Energy News Beat This article originally appeared on Planet Detroit. After Mayor Mike Duggan announced nine finalists in his campaign to recruit Detroit neighborhoods to host solar panel arrays at a Wednesday press conference, community members and activists are divided over whether the plan will help or unfairly burden their communities. “I thought it […]
Energy News Beat Oil Price As green hydrogen becomes an ever more important clean energy source, governments and energy companies must prepare for a steep incline in production in the coming years and ensure they have the correct infrastructure to transport it. Some regions of the world are already establishing major hydrogen corridors, such as […]
Energy News Beat Clean-energy stocks plummet as renewable energy projects prove to be too expensive, threatening America’s environmental aspirations The once-glorified clean-energy stocks are now facing their darkest days, plunging the industry into a financial abyss that threatens America’s ambitious environmental aspirations. The much-touted green revolution is looking more like a red alert as the […]
Energy News Beat By Joseph M. Hanneman of Epoch Times More than 40,000 hours of Jan. 6 Capitol Police security video will be made public on a dedicated website starting immediately and ramping up in the coming months, House Speaker Mike Johnson (R-Louisiana) announced on Nov. 17. However, individual video clips released to media or […]
