Oil explorers need to raise drilling budgets by 54% to more than half a trillion dollars to forestall a significant supply deficit in the next few years, according to Moody’s Investors Service Inc. Crude and […]
The OPEC+ cartel’s production policy will be the main factor influencing oil prices over the coming months, according to Vitol Group. There’s little chance of Iranian barrels returning to global markets this year and U.S. shale […]
The North American oil and gas exploration and production sector is gaining more investment dollars at the expense of pipeline operators as drillers substantially improve free cash flow and debt reduction, according to industry experts. […]
In August 2020, hundreds of thousands of California residents experienced rolling electricity blackouts during a heat wave that maxed out the state’s energy grid. The California Independent System Operator issues flex alerts asking consumers to cut back on electricity usage […]
The natural gas market has undergone profound changes in the last year, with prices rising from under $2.00 to over $5.00. Inventories have been drawn down due to demand, weather events, and the export of […]
The global energy crunch could help propel oil prices above $100 a barrel for the first time since 2014 and spur a global economic crisis, according to Bank of America. Natural gas prices have […]
The number of oil and gas rigs in the United States rose by 7 this week, according to Baker Hughes, bringing the total additions over the last four weeks to 31. The total rig count is […]
Have you ever played dominos with your family, or were you the one stealing the entire set to build domino trails? Orderly falling comes to mind. That is not what is taking place in the […]
Source: U.S. Energy Information Administration, Status of Nuclear Outages, based on U.S. Nuclear Regulatory Commission data Daily capacity outages at U.S nuclear power plants averaged 3.1 gigawatts (GW) during the summer of 2021 (June 1 through August 31), 22% […]
Could the energy crunch get so bad that oil prices hit $200 a barrel? One options trader thinks so. Brent $200 calls for December 2022, options contracts that would profit a buyer from a rally […]
Copyright © 2025 | Sandstone Group