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Home2023February

Month: February 2023

hydropower
EIA News

After dropping to a 20-year low, western U.S. hydropower generation rose 13% last year

February 22, 2023 Mariel Alumit

February 22, 2023 Data source: U.S. Energy Information Administration, Electricity Data Browser Note: The water year runs from October 1 to September 30. After decreasing to a 20-year low for the 2020-21 water year, hydropower […]

Earnings

Vital Energy Announces Fourth-Quarter 2022 Financial and Operating Results

February 22, 2023 Mariel Alumit

​ Company Issues 2023 Outlook; Plans to Invest $625 – $675 Million TULSA, OK, Feb. 21, 2023 (GLOBE NEWSWIRE) — Vital Energy, Inc. (NYSE: VTLE) (“Vital Energy” or the “Company”) today announced its fourth-quarter 2022 […]

Petroleum
Crude Oil News

Permex Petroleum Provides Updated Reserve Report Confirming 27 Million Barrels of Oil Equivalent on its Permian Basin Assets

February 22, 2023 Mariel Alumit

​ DALLAS, Feb. 21, 2023 (GLOBE NEWSWIRE) — Permex Petroleum Corporation (CSE: OIL) (OTCQB: OILCD) (FSE: 75P) (“Permex” or the “Company”), an independent energy company engaged in the acquisition, exploration, development and production of oil […]

Energy
Earnings

Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Reports Fourth Quarter and Full Year 2022 Financial and Operating Results

February 22, 2023 Mariel Alumit

​ MIDLAND, Texas, Feb. 21, 2023 (GLOBE NEWSWIRE) — Viper Energy Partners LP (NASDAQ:VNOM) (“Viper” or the “Company”), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback”), today announced financial and operating results for the fourth […]

Earnings

Diamondback Energy, Inc. Announces Fourth Quarter and Full Year 2022 Financial and Operating Results; Increases Base Dividend

February 22, 2023 Mariel Alumit

​ MIDLAND, Texas, Feb. 21, 2023 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced financial and operating results for the fourth quarter and full year ended December 31, 2022. […]

Oil
Crude Oil News

Oil Extends Longest Run of Losses This Year Ahead of Fed Minutes

February 22, 2023 Mariel Alumit

​Oil extended its longest run of losses this year ahead of the release of Federal Reserve minutes that may provide further clues on the path forward for monetary tightening in the US. West Texas Intermediate […]

Solar
Energy Crisis

Solar Industry Facing Whiplash From Volatile Material Prices

February 22, 2023 Mariel Alumit

​Even as solar power grows into one of the world’s largest sources of new energy, the industry behind it is facing unprecedented volatility as a battle for profits intensifies.The roller-coaster ride is best seen through the […]

Gas
Commodities

U.S. Natural Gas Falls Below $2 for the First Time Since 2020

February 22, 2023 Mariel Alumit

​US natural gas futures fell below $2 for the first time since 2020, extending a massive selloff as traders give up on hopes of extreme cold boosting demand.Gas for March delivery dropped to $1.987 per […]

China
Crude Oil News

How China Became Saudi Arabia’s Largest Trading Partner

February 22, 2023 Mariel Alumit

Over the past two decades, the economic presence of China has been growing significantly around the world. The country has already surpassed the U.S. as the largest trading partner of developed nations such as Japan and the European […]

China
Crude Oil News

African, South American producers struggle as China purchases Russian oil

February 22, 2023 Mariel Alumit

(Bloomberg) – As China scoops up more and more discounted Russian oil, producers in Africa and South America are losing out. Angola is among the hardest hit at the moment, with daily oil exports to […]

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