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Home2022June

Month: June 2022

Supreme Court
Climate Crisis

Supreme Court curbs EPA’s climate powers

June 30, 2022 Mariel Alumit

(The Hill) – The Supreme Court on Thursday curbed the Environmental Protection Agency’s (EPA’s) ability to regulate climate change, setting limits on how the agency can deal with power plants. In a 6-3 ruling, the […]

Inflation
Commodities

Markets in H1: The almost perfect storm

June 30, 2022 Mariel Alumit

MSCI world stocks biggest H1 fall since index creation Deutsche Bank estimates worst for Treasuries since 1788 Commodities bulls pushed oil up 50% gas up 60% Yen takes heavy pounding as dollar rides high LONDON, […]

Pipeline
Crude Oil News

Permian Highway Pipeline Announces Final Investment Decision for Expansion Project

June 30, 2022 Mariel Alumit

HOUSTON–(BUSINESS WIRE)–Permian Highway Pipeline, LLC (PHP) today announced a final investment decision (FID) to proceed with its expansion project after securing binding firm transportation agreements for all available capacity. “In addition, approximately 30 of Kinetik’s […]

OPEC
International News

OPEC+ sticks with planned oil production hike as supply concerns weigh on energy markets

June 30, 2022 Mariel Alumit

OPEC and non-OPEC partners, a group sometimes referred to as OPEC+, concluded a meeting via videoconference by deciding to stay the course with its production policy. It means the Middle East-dominated group will increase monthly […]

PDC Energy
US Energy News

PDC Energy Announces Approval of Broe Oil and Gas Development Plan Permit Adding to Existing Multi-Year Inventory of Colorado Development Drilling Locations

June 30, 2022 Mariel Alumit

DENVER, June 29, 2022 (GLOBE NEWSWIRE) — PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq: PDCE) announced today that the Colorado Oil and Gas Conservation Commission (“COGCC”) approved the Company’s Broe Oil & Gas Development […]

Crude
Overnight Oil Report

Crude oil futures inch higher as investors await OPEC+ meeting outcome

June 30, 2022 Mariel Alumit

Crude oil futures inched higher in the mid-morning trade in Asia June 30 on the back of investors awaiting the outcome of the OPEC+ meeting taking place later today and the US data showing a […]

Biden administration
Crude Oil News

Biden administration oil, gas auctions kick off with thin industry response

June 30, 2022 Mariel Alumit

June 29 (Reuters) – The Biden administration’s first sale of oil and gas drilling rights on federal land garnered thin industry interest on Wednesday while environmental groups filed two separate lawsuits seeking to invalidate the […]

Railroad
Crude Oil News

Texas Railroad Commission proposes rules to ensure natural gas supply in weather emergencies

June 30, 2022 Mariel Alumit

AUSTIN – Railroad Commission of Texas commissioners approved a proposed sweeping weatherization rule to help protect Texans during weather emergencies that could occur any time of the year. The proposed rule that was approved today is open […]

BlackBrush
Crude Oil News

BlackBrush Oil & Gas explores south Texas asset sale -sources

June 30, 2022 Mariel Alumit

June 29 (Reuters) – BlackBrush Oil and Gas has placed some of its assets in south Texas for sale, seizing on a surge in energy prices, people familiar with the matter said on Wednesday. The […]

No Picture
International News

Govt gives ONGC, Vedanta freedom to sell crude oil

June 30, 2022

While contracts for oilfields awarded since 1999 gave producers the freedom to sell oil, the government fixed buyers for crude produced from older fields, such as Mumbai High of ONGC and Ravva of Vedanta.New Delhi: […]

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