Archive for the ‘Economics Markets’ Category
Light sweet crude prices on the New York market and Brent crude prices in London both fell by more than $2/bbl to settle lower May 30 following a smaller-than-expected decline in US crude supplies.
Pressure on this summer’s natural gas prices is likely to be neutral compared with last summer, despite expectations for record-setting summer demand, the Natural Gas Supply Association said in its 2019 Summer Outlook assessment. Gas production is expe…
EIA: US crude inventories down 300,000 bbl
May 30th, 2019 by Latest News
US crude oil inventories for the week ended May 24, excluding the Strategic Petroleum Reserve, decreased by 300,000 bbl from the previous week, according to data from the US Energy Information Administration. The weekly inventory report was released a …
MARKET WATCH: NYMEX, Brent oil prices fall
May 30th, 2019 by Latest News
Light, sweet oil for July dropped to settle under $59/bbl on the New York market May 29 while Brent prices dropped to below $70/bbl for the July delivery contract, but the benchmarks did not plummet by more than $3/bbl as they did a few days earlier on…
Oil prices climbed May 28 for a second trading session with light, sweet crude oil for both the July and August contracts settling above $59/bbl as traders returned after a long Memorial Day weekend.
Consortium launches industrial-scale CCS project
May 28th, 2019 by Latest News
A consortium of 11 European stakeholders including ArcelorMittal, Axens, IFP Energies nouvelles (IFPEN), and Total SA, has launched a project to demonstrate an innovative process for capturing carbon dioxide from industrial activities. The so-named DMX…
The US will need to equally address global climate change and other substantive trials if it expects to benefit from promising energy opportunities worldwide, speakers at the US Energy Association’s annual meeting and public policy forum generally agre…
The light, sweet crude oil contract for July gained modestly to settle under $59/bbl on May 24, stabilizing after the biggest single-day drop of this year and ending a volatile week on the New York market. Brent crude also gained less than $1 to settle…
Baker Hughes: Canada adds 15 rigs for the week
May 24th, 2019 by Latest News
Canada has added 15 rigs for the week ended May 24, according to Baker Hughes data. With 78 rigs running, the count is slightly less than the 81 units drilling this week a year ago. The number of oil-directed rigs in Canada increased by 16, bringing th…
While there hasn’t been a dramatic change for the energy industry in Mexico since President Andres Manuel Lopez Obrador took office in 2018, progressive collaboration between the industry and country regulators is needed to fulfill the country’s hydroc…