Oil Demand Growth Weakest In Nearly A Decade

Global oil demand continues to see downgrades from major energy forecasters, with several downward revisions in just the past week. The U.S. EIA said in its Short-Term Energy Outlook that it expects oil demand to grow by only 0.9 million barrels per day (mb/d) this year, the latest in a series of downgrades from the …

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Why Trafigura Just Set Its Short-Term Price Target For Oil At $50

Crude oil could decline to $50 a barrel under the double weight of geopolitical concerns and rising production in the United States. That’s according to the co-head of global oil trading at Trafigura, who spoke to Bloomberg. “I can see us drifting toward $50 in the short term, but I think the medium to long …

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Talos Energy Receives Extension And Approval For Additional Exploration On Offshore Mexico Block 7

HOUSTON, Sept. 11, 2019 /PRNewswire/ — Talos Energy Inc. (“Talos” or the “Company”) (NYSE: TALO) today announced that it has received a two-year contract term extension as well as regulatory approvals for additional exploration activities on Block 7, located in the offshore portion of Mexico’s prolific Sureste Basin. Talos is the operator of Block 7 in …

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Fees on Electric Cars, Inspired by Koch Network, Are Unfairly Penalizing Drivers, Says Consumer Reports

Read time: 6 minsDrivers of electric cars are being unfairly punished by punitive fees in several states, according to a newly published analysis by Consumer Reports. Legislators in 26 states have enacted or proposed special registration fees for elect…

Enbridge urges Canadian regulator to avoid intervening in pipeline plan

Enbridge Inc called on Canada’s energy regulator on Wednesday to ignore calls from some of its shippers and avoid intervening in the pipeline company’s contentious proposal to revamp contracts on its Mainline network. The written submission to the Canada Energy Regulator (CER) is the latest salvo in a dispute between Calgary-based Enbridge and some of …

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New Report Finds Record-Breaking U.S. Natural Gas Reserves

The amount of recoverable natural gas in the United States has reached its highest-ever recorded level, according to an announcement today by the Potential Gas Committee and the American Gas Association. The PGC’s biennial assessment of recoverable natural gas measured a resource base of 3,374 trillion cubic feet (Tcf), which is a 20 percent or …

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OPEC Cuts 2019 Global Oil Demand Growth Forecast

OPEC revised down on Wednesday its forecast for global oil demand growth this year by 80,000 bpd to 1.02 million bpd, citing weaker demand in the first half and expectations of slower economic growth for the rest of the year.   In its closely watched Monthly Oil Market Report, the cartel also trimmed its forecast …

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Alberta group urges women to get more confident talking about politics

OTTAWA – A group with roots in the oil and gas industry is encouraging women to talk about politics this fall, even if they hold widely different views. The non-profit organization, called Canada Powered by Women, registered as a third-party advertiser with Elections Canada last month,and has received $32,500 in contributions from several Calgary-based people …

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Lumin and sonnen Announce Collaboration to Bring Clean Energy Management and Resiliency to Homeowners

CHARLOTTESVILLE, Va., Sept. 11, 2019 /PRNewswire/ — Lumin, a grid edge technology company focused on enabling grid-responsive homes, today announces an innovation in smart home energy management using Control4 and sonnen Inc., a global leader in residential energy storage.  Combining Lumin’s system, the Control4 home automation platform and sonnen ecoLinx not only enables customers to store …

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Rising bond yields support value stocks ahead of central bank meetings

Bond yields climbed and stock markets held firm on Wednesday, as hopes of easing U.S.-China tensions and diminished risk of a no-deal Brexit prompted buying of out-of-favour value stocks before key central bank meetings. Oil prices also firmed, underpinned by a big drop in U.S. crude stockpiles, after slipping the previous day. MSCI’s broadest index …

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‘We need to talk about Donald’ – The elephant in crude oil’s uncertain world: Russell

“Uncertainty” was the buzzword at the crude oil industry’s annual gathering in Asia, but virtually everybody was reluctant to talk about the root cause behind the sector’s discomfort – U.S. President Donald Trump. Speaker after speaker at this week’s Asia Pacific Petroleum Conference (APPEC) highlighted the challenges to the crude oil industry, from supply issues …

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