Energy News Beat Weekly Crude Oil Storage as of October 27, 2023 Click for EnerCom Analytics Dashboard. U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 0.8 million barrels from the previous week. At 421.9 million barrels, U.S. crude oil inventories are about 5% below the five year average for […]
Energy News Beat World Oil (WO) – Zephyr Energy plc provided updates on its non-operated asset portfolio in the Williston basin, North Dakota, U.S. In December 2022, the company announced that it had acquired a working-interest in six recently spudded wells operated by Slawson Exploration Company. The working interests acquired range from 11% to 32%. Zephyr’s […]
Energy News Beat Oil Price The U.S. offshore wind industry is “fundamentally broken” and needs a reset, a clean energy executive at supermajor BP said at the FT Energy Transition summit on Wednesday. But the regulatory and permitting environment for the industry can be fixed, Anja-Isabel Dotzenrath, head of Gas and Low Carbon Energy at BP, […]
Energy News Beat The G7 and EU have imposed a $60 per barrel price ceiling mechanism in an effort to curtail Moscow’s energy revenues The average price of Russia’s flagship Urals blend of crude oil was $81.52 a barrel in October, the Ministry of Finance reported on Wednesday, 35% above the $60 price cap imposed […]
Energy News Beat Daily Standup Top Stories Russia’s Oil Exports Climb Despite Its Commitment To Cut Supply November 1, 2023 Mariel Alumit By Tsvetana Paraskova of OilPrice.com Russia’s crude oil exports by sea have been exceeding the country’s targeted export reductions as part of the OPEC+ pact for weeks, with the most recent week’s observed shipments […]
Energy News Beat Gloomy conditions tend to be the best type for a budding new rally to really take hold. The post Nasdaq Marks This Bullish Shift After Fed Chief Powell’s Decision To Leave Rates Unchanged appeared first on Investor’s Business Daily. The post Nasdaq Marks This Bullish Shift After Fed Chief Powell’s Decision To […]
Energy News Beat Gloomy conditions tend to be the best type for a budding new rally to really take hold. The post Nasdaq Marks This Bullish Shift After Fed Chief Powell’s Decision To Leave Rates Unchanged appeared first on Investor’s Business Daily. The post Nasdaq Marks This Bullish Shift After Fed Chief Powell’s Decision To […]
Energy News Beat Gloomy conditions tend to be the best type for a budding new rally to really take hold. The post Nasdaq Marks This Bullish Shift After Fed Chief Powell’s Decision To Leave Rates Unchanged appeared first on Investor’s Business Daily. The post Nasdaq Marks This Bullish Shift After Fed Chief Powell’s Decision To […]
Energy News Beat Without crude oil that is the basis for most of the products now in society, citizens of developing nations may never be able to enjoy the abundant lifestyles available to wealthier countries. As California is attempting to lead the world toward zero crude oil production, worldwide efforts to meet the supply chain […]
Energy News Beat It didn’t make a ton of news in the United States media, but a new study published by the International Energy Agency in mid-October emphasizes the enormous potential roadblock to a successful energy transition posed by a projected need to refurbish and double capacity on global electricity grids. The study, titled, “Electricity Grids […]
