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Oil and Gas SectorOPEC's Secretary General Haitham Al Ghais and Iraq's Prime Minister met over the weekend and called for coordinated action among oil exporters globally. Neither official went into detail as to what such coordination could entail. Earlier this month, the Saudi energy minister said that OPEC+ would maintain its tighter supply plans.
OPEC Secretary General calls for coordination between oil exporting countries
Oil and Gas SectorWorld Oil (Bloomberg) – Closely held gas driller Escondido Resources is working with financial advisers to test the market’s appetite for its assets in South Texas, according to people with knowledge of the situation. The Mountain Capital-backed company is having … The post Houston-based gas driller testing market for South Texas assets appeared first on Oil & Gas 360.
Houston-based gas driller testing market for South Texas assets
Oil and Gas Sector · TorontoGlobal factors including the war in Ukraine and China's rocky COVID reopening will continue to contribute to tension between supply and demand. Crude oil prices slid in the back half of the year as interest rates rose, then rallied briefly as China started moving away from its zero-COVID policy.
Energy price volatility to continue in 2023 amid geopolitical uncertainty: Deloitte
49% Center coverage: 8 sources
The top 5 media stories of 2022
50% Center coverage: 62 sources
Business · CalgaryOilsands executives insist they are all in on cutting emissions and will make big investments in green technology, but they maintain there isn't a place to invest that money yet. Many companies are coming off a year of windfall profits not because they pumped out more product, but because the war in Ukraine and global supply chain crunches pushed world oil prices way up.
Oilsands execs say they can't invest in decarbonization any faster, despite profits
53% Left coverage: 15 sources
Business · New YorkBrent crude LCOc1 had risen 16 cents, or 0.2%, to $82.83 per barrel. U.S. West Texas Intermediate crude CLc1 also rose 13 cents, to $77.54 per barrel. Gains were limited ahead of upcoming inflation data from the United States.
Oil rises on China demand hopes; upcoming U.S. inflation data caps gains
39% Right coverage: 13 sources
Oil and Gas Sector · UkraineOne year ago, crude prices spiked above US$100 per barrel for the first time since 2014. Many observers predicted the war and Western sanctions against Russia could disrupt energy markets for years to come. But for now, the global oil market is relatively balanced, and the record oil prices seen in the first half of 2022 did not persisted.
Ukraine war shook up markets, but much stays the same for Canadian oil and gas
34% Center coverage: 3 sources
GLOBAL NET LEASE REPORTS FOURTH QUARTER AND FULL YEAR 2022 RESULTS - Global Net Lease (NYSE:GNL)
75% Center coverage: 4 sources
