China continues to ratchet-up its carbon goals with the promise of a larger slice of power generation devoted to clean energy. The National Energy Administration has circulated a 10-year renewables proposal that’s eye-catching on two fronts, according […]
The Permian Basin will be the go-to target for Devon Energy Corp. this year, with 80% of this year’s capital budget and nearly all of the rigs directed to the massive formation. The Oklahoma City-based […]
Sachs Commodities Research raised by $10 its Brent crude oil price forecasts for the second and third quarters of 2021, citing lower expected inventories, higher marginal costs to restart upstream activity and speculative inflows. The Wall Street bank expects […]
Tech sell of continue amid Chairman Powell’s meeting notes of managing inflation S&P 500: -0.8% Nasdaq: -2.1% Dow Jones: -0.42% “The economy is a long way from our employment and inflation goals, and it is […]
Premier Oil Plc, the indebted North Sea driller being swallowed by Chrysaor Holdings Ltd., will re-emerge as the largest independent oil and gas producer among U.K. stocks just as the global crude market roars back. With […]
Commodities rose to their highest in almost eight years amid booming investor appetite for everything from oil to corn. Hedge funds have piled into what’s become the biggest bullish wager on the asset class in at […]
The heads of BP Plc, Total SE and Equinor ASA are among dozens of speakers convening for the annual International Petroleum Week conference, an event markedly different this year from previous gatherings. The industry’s flagship event in […]
Shale oil producers in the southern United States could take at least two weeks to restart the more than 2 million barrels per day (bpd) of crude output that shut down because of cold weather, as […]
Energy News Beat Publishers Note – Inflation and high fossil fuel taxes are in India and just a pre-curser to what is about to hit the United States. Lucknow: Bahujan Samaj Party (BSP) president Mayawati on Tuesday […]
Energy News Beat Publishers Note: This total of 579,000 bpd is outside the quotas assigned to Iran and will impact world supply. Most going to China at a discounted rate. Iran has launched three pipelines […]
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