Energy News Beat Publishers Note: (ENB): While being good stewards of the earth’s resources is a great thing. We need to look at the cost of kWh and the kWh per Acer numbers. People on […]
Sustained momentum in commodity prices will support the turnaround in the global Oil & Gas industry’s fundamental conditions and a positive global sector outlook through mid-to-late 2022, according to Moody’s Investors Service. “Pent-up consumer demand and a pickup […]
Italian energy group Eni is planning to spin off a minority stake in its new retail and renewable business next year, it said on Friday, after announcing first quarter profits that missed expectations. Several European energy companies, including Spain’s Repsol […]
Canada’s Imperial Oil Ltd posted a first-quarter profit and raised its quarterly dividend on Friday, bolstered by higher crude prices, as well as improved refining and chemical margins. Calgary-based Imperial, which is majority-owned by Exxon Mobil Corp, […]
A fire broke out in one of the facilities at the Bazan oil refineries in Haifa as a result of a damaged pipe in the CCR system on Friday night, the Environment Protection Ministry reported in a […]
ExxonMobil last Friday posted estimated earnings of $2.7 billion in the first quarter of 2021 compared with a loss of $610 million in the same quarter last year. The company stated that the positive results reflect the benefits […]
The Federal Reserve on Wednesday kept its easy money policy in place despite an economy that it acknowledged is accelerating. As expected, the U.S. central bank decided to keep short-term interest rates anchored near zero […]
Big Oil has enjoyed more favorable conditions this year thanks to rising crude prices and recovering fuel demand, but Total is in a better position than many of its peers. While BP Plc and Royal Dutch Shell Plc are […]
Energy News Beat Contributor Note: The security of our nation’s energy structure is critical requiring immediate policy and possible regulations. Washington (CNN)Federal agencies are investigating at least two possible incidents on US soil, including one […]
It’s not quite pedal to the metal yet but U.S. refiners are inching up production ahead of a summer driving season that might boost profits more than a year after the pandemic decimated gasoline demand. […]
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