Data For 06/22/20


Summary Excerpt:

Regular Gasoline Retail Price
(Dollars per Gallon)
2.129 .. U.S.
2.050 ... East Coast
2.053 .... New England
2.193 .... Central Atlantic
1.959 .... Lower Atlantic
2.056 ... Midwest
1.815 ... Gulf Coast
2.272 ... Rocky Mountain
2.720 ... West Coast
2.460 ... West Coast less California

States
2.939 .... California
2.357 .... Colorado
2.002 .... Florida
...

Canadian Energy Weekly Round-Up: June 22, 2020

Here are the top news stories covering Canada’s energy landscape:

New Report Steers Policy Makers Away From Oil and Gas Developments

A new report from the Stockholm Environment Institute is receiving criticism for inflating risks associated with new oil and natural gas development projects in Canada. A new blog from the Canadian Energy Network states that the report intends to ...

Source: Energy In Depth

Maduro Regime Courted Texas Lawmaker To Bring Big Oil Back To Venezuela

In 2017, Nicolas Maduro's regime sought help from the then-Republican Congressman from Texas, Pete Sessions, to arrange a meeting between Venezuela's state oil firm PDVSA and the head of ExxonMobil to lure the U.S. supermajor back to Venezuela's crumbling oil industry, The Associated Press reported on Monday, citing sources and an email correspondence it has seen. According to an email sent ...

Source: Oilprice.com

Oil Prices Will Hit $50 Before The End Of The Year

Despite fears of a second wave of COVID-19, oil markets rebounded last week, showing signs of improving fundamentals as global supplies continue to tighten. On Friday, Brent closed at $42.19, up by 8.20 percent w/w, while WTI closed at $39.75, up by 9.03 percent w/w. Furthermore, the 1-2 month Brent spread flipped into backwardation for the first time ...

Source: Oilprice.com

The Oil Kingdom Has Set Up A $4 Billion Tourism Fund

The world’s top oil exporter, Saudi Arabia, is creating a tourism development fund with an initial investment of US$4 billion as part of efforts to diversify away from oil and polish its image as an attractive tourism destination. OPEC’s biggest oil producer, which allowed women to drive for the first time in 2018, is looking at developing tourism as part of its ...

Source: Oilprice.com

The Oil Kingdom Has Set Up A $4 Billion Tourism Fund

The world’s top oil exporter, Saudi Arabia, is creating a tourism development fund with an initial investment of US$4 billion as part of efforts to diversify away from oil and polish its image as an attractive tourism destination. OPEC’s biggest oil producer, which allowed women to drive for the first time in 2018, is looking at developing tourism as part of its ...

Source: Oilprice.com

What’s Next For Big Oil?

Something unthinkable is happening in Big Oil, and it’s not the demand slump or the spending cuts or the layoffs. With the exception of the demand slump, we’ve seen all this before--more than once, in fact.  No, what’s unthinkable is that Big Oil appears to be planning to stop being Big Oil. It’s not a joke. Three of the ...

Source: Oilprice.com

Gibson Energy announces $650 million medium term note offering and redemption of $600 million senior unsecured motes due 2024

All financial figures are in Canadian dollars unless otherwise noted CALGARY, Alberta – Gibson Energy Inc. (“Gibson” or the “Company”) (TSX: GEI), announced today that it will issue $650 million of senior unsecured medium term notes (the “Offering”) consisting of $325 million of 2.45% notes with a maturity date of five years from the date [Read more]

Source: BOE Report