The recent declines in oil prices were “excessive” given that the oil market remains in a deficit, Goldman Sachs said, adding that it reiterates its $85-per-barrel forecast for the fourth quarter. Oil prices came off […]
ENB Publishers Note: Releasing oil from the STRs of multiple countries will have an inverse effect on the long-term markets. Releasing the STRs that were purchased at lower price points will give the countries that […]
The global energy crisis that many blame on efforts to move away from fossil fuels is actually giving new momentum to the shift to renewables in Canada, according to some of the bankers helping oil-sands […]
Permian rigs up 12 to recent record of 284 Highest level for the play since mid-April 2020 SCOOP-STACK returns to pre-pandemic level The US oil and gas rig count jumped 11 to 683 in the […]
ENB Publishers Note: Supply and demand are not always the only pricing matrices. Note that Saudi Arabia has already planned on a balanced budget next year. The numbers show an estimated price of $125 is […]
BP CEO has told CNBC that hydrocarbons such as oil and gas will have an ongoing role to play in the energy mix for years. “It may not be popular to say that oil and […]
(Bloomberg) –Surging oil and natural gas prices are spurring production increases from West Texas to the Upper Great Plains that probably will lift output to levels not seen since the early days of the pandemic, […]
ENB Publishers Note: Using the strategic reserves won’t help a thing. This problem has been caused by 20 years of bad energy policies. That is like a term band-aid that is put on a wet […]
ENB Publishers Note: There is data to back up the $120 next year and you just need to look at Saudi Arabia for part of that data. They are planning on balancing their budget with […]
Source: CNBC Oil and natural gas prices have leaped globally in the last three months. Former U.S. Secretary of Energy Rick Perry said $100 oil within next six months is possible. “The potential for disaster […]
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