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Energy markets, oil & gasoline prices
http://petrochemical.gronerth.com/forumchem/viewtopic.php?f=5&t=29
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Author:  idua [ Thu Feb 11, 2021 7:53 am ]
Post subject:  MARKET WATCH: NYMEX crude oil drops modestly on inventory re

MARKET WATCH: NYMEX crude oil drops modestly on inventory report

Crude oil prices dropped modestly, settling under $53.80/bbl on Dec. 29 after a weekly US government report showed an increase in US crude oil inventories and with uncertainty about supply and demand in the coming year.



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Author:  idua [ Thu Feb 11, 2021 9:11 am ]
Post subject:  MARKET WATCH: Crude oil prices fall on reports of rising OPE

MARKET WATCH: Crude oil prices fall on reports of rising OPEC production

Light, sweet crude for November and December each dropped slightly more than $1/bbl Oct. 2 on the New York market. Analysts said prices fell as investors questioned the adherence level of the Organization of Petroleum Exporting Countries to its production-cut targets.



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Author:  idua [ Fri Feb 12, 2021 7:00 pm ]
Post subject:  Growth seen for electric vehicles, oil use

Demand for oil will grow through 2040 even as dominance of the internal combustion engine weakens in road transportation, according to base-case projections by IHS Market. But gasoline consumption will decline as fuel economy improves and as gasoline-fueled vehicles lose their share of new-vehicle sales, the firm says in research it calls Reinventing the Wheel.


 



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Author:  idua [ Sat Feb 13, 2021 6:16 pm ]
Post subject:  Lakes Oil to sue Victorian government

Lakes Oil Ltd. of Melbourne is suing the government of Victoria for $2.7 billion (Aus.) in damages following the states ban on onshore gas exploration. The writ was filed in the Supreme Court.



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Author:  idua [ Sat Feb 13, 2021 7:54 pm ]
Post subject:  Baker Institute: Mexico elections could disrupt energy refor

Baker Institute: Mexico elections could disrupt energy reform continuity

Public perceptions coupled with Mexicos upcoming presidential and local elections could disrupt continuity of the nations ongoing oil and electric reforms, panelists said during a Feb. 15 event at Rice Universitys James A. Baker III Institute for Public Policy.



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Author:  idua [ Sun Feb 14, 2021 4:28 pm ]
Post subject:  ExxonMobil to streamline upstream organization

ExxonMobil Corp. will streamline its upstream organization and centralize project delivery across the company to support its plans to double operating cash flow and earnings by 2025. Effective Apr. 1, three new upstream companies will be created: ExxonMobil Upstream Oil & Gas Co., ExxonMobil Upstream Business Development Co., and ExxonMobil Upstream Integrated Solutions Co.



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Author:  idua [ Mon Feb 15, 2021 5:01 am ]
Post subject:  Could fracking with carbon dioxide instead of water be green

Could fracking with carbon dioxide instead of water be greener?

Using CO2 to fracture rocks for oil and gas is being touted as a more environmentally friendly approach to fracking, but it may not be greener overall

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Author:  idua [ Tue Feb 16, 2021 7:16 am ]
Post subject:  France enacts ban on oil, gas licensing

The French legislature has passed the ban on oil and gas exploration and production announced earlier this year.



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Author:  idua [ Tue Feb 16, 2021 1:59 pm ]
Post subject:  Total buys Marathon Oils Libyan interest

Total has acquired a 16.33% interest in the Waha concessions in Libyas Sirte basin with the purchase of Marathon Oil Libya Ltd. for $450 million.



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Author:  idua [ Wed Feb 17, 2021 1:41 am ]
Post subject:  DOI cuts most Alaska tracts in latest 2017-22 OCS leasing-pl

DOI cuts most Alaska tracts in latest 2017-22 OCS leasing-plan move

The US Department of the Interior released a proposed final program (PFP) for the 2017-22 US Outer Continental Shelf oil and gas leasing that removed all tracts offshore Alaska. National oil and gas associations, other business organizations, and members of Alaskas government immediately criticized the Nov. 18 action.



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