Not subject to quotas, the return of Libyan barrels is hindering OPEC+ as it tries to prop up crude prices amid a resurgence in coronavirus cases and with many major economies imposing lockdowns again. SourceContinue Reading
For several months now, we have told you our concerns about a potential Joe Biden presidency, as relates to the oil and gas industry’s future. SourceContinue Reading
Venezuelan crude inventories have surged 84% over the last three weeks as the threat of U.S. sanctions ward away buyers of the nation’s most important commodity. SourceContinue Reading
For several months now, we have told you our concerns about a potential Joe Biden presidency, as relates to the oil and gas industry’s future. SourceContinue Reading
Biden’s plans would have uneven impacts within the oil and gas sector, particularly hurting companies with significant investments on federal land. Other producers, such as Pioneer Natural Resources Co. and Hamm’s Continental Resources, which do not have federal oil leases, might see their holdings swell in value. SourceContinue Reading
While it’s true the energy ecosystem is in transition, former Vice President Biden is incorrect that it means replacing one form of energy with another or phasing out oil and gas. SourceContinue Reading
EQT Corp., the biggest producer of U.S. natural gas, is seeking to acquire rival CNX Resources Corp., according to people familiar with the matter, as MandA accelerates in the distressed shale patch. SourceContinue Reading
After the debate, Biden sought to emphasize that the fossil fuel industry wouldn’t “be gone” until 2050, and that oil workers are “not going to lose their jobs.” SourceContinue Reading
