Economics/Statistics
News
February 09, 2022
New York’s $280 billion state pension fund will divest more than $238 million in shares and bonds of oil and gas companies.
News
February 09, 2022
A recent GlobalData report shows a 77% increase in contract value but a 14% decrease in the number of contacts.
News
January 28, 2022
Triple-digit oil prices are possible in the next few months as geopolitical risks and “struggling” supply hit global crude markets, said Chevron Corp.’s top executive.
News
January 27, 2022
U.S. natural gas futures suddenly spiked the most on record Thursday afternoon, a dramatic move that signaled bearish wagers being squeezed out of the market.
News
January 27, 2022
The combined shares of five of the largest oil sands companies have outpaced the broader S&P 500 Energy Index over the past three months. The 25% surge comes as U.S. crude oil prices approach $90 a barrel for the first time since 2014.
News
January 27, 2022
U.S. shale executives have finally achieved something that eluded the industry for more than a decade: the ability to turn over billions of dollars in dividends to shareholders while at the same time boosting production to tap into surging global oil demand.
News
January 26, 2022
A new analysis from McKinsey & Co. estimates that the investment, in new infrastructure and systems, needed to meet international climate goals could be $9.2 trillion a year annually through 2050.
News
January 21, 2022
Oil and gas drilling is big business once again, if the leap in demand for services from Baker Hughes Co., the world’s No. 2 oilfield contractor, is any gauge.
News
January 21, 2022
Schlumberger is gearing up for growth around the world as the No. 1 oilfield contractor expects recovering economies to ignite several years of crude-demand expansion.
News
January 21, 2022
Last year’s blistering rally in natural gas and oil prices pushed mergers and acquisitions in the sector to a three-year high with no slowdown in sight, according to consultant Rystad Energy AS.
News
January 21, 2022
The era of ever-cheaper clean power is over, giving a fresh jolt of uncertainty to global energy markets battered by one supply crisis after another.
News
January 21, 2022
The bank expects stockpiles to slide even lower by the end of the year, after falling substantially in 2021, according to a research note to clients. Spare supply capacity will shrink to 2 million barrels a day from the current 3.4 million.
News
January 19, 2022
Surging demand, fading omicron fears, and OPEC+’s inability to ramp up output have underpinned an eye-watering rally in oil prices.
News
January 11, 2022
Oil jumped by the most in month after Jerome Powell’s comments to the Senate Banking Committee appeared to be less hawkish than the Federal Reserve had recently telegraphed.
News
January 11, 2022
China doubled down on imports of Iranian and Venezuelan crude in 2021, taking the most from the U.S.-sanctioned regimes in three years, as refiners brushed off the risk of penalties to scoop up cheap oil.
News
January 12, 2022
Global oil demand has proven stronger than expected as the latest coronavirus variant inflicts a softer hit to the economy than anticipated, the International Energy Agency said.
News
January 12, 2022
The gasoline market is painting a picture of tight supplies this summer -- the last thing Joe Biden will want to see as he tries to contain high fuel prices.
News
January 10, 2022
The U.S. is backing natural gas and low-carbon power sources as it seeks to improve the eastern Mediterranean’s energy ties to Europe and promote stability in the region.
News
January 07, 2022
For a few fleeting hours Thursday, shares of Cenovus Energy Inc., one of Canada’s biggest oil producers, bounced back to highs not seen since its massive stock issuance to buy assets from ConocoPhillips four and a half years ago.
News
January 06, 2022
A rally in oil prices lifted U.S. energy stocks to the highest since the pandemic emerged more than two years ago.
News
January 06, 2022
Pioneer Natural Resources Co., the biggest oil producer in the Permian Basin, closed out almost all its hedges for this year, indicating a bullish outlook for crude prices.
