Biden Touts Lower Energy Prices Following Middle East Tour
U.S. President Joe Biden proclaimed his recent Middle East trip a success and touted recent reductions in both oil and gas prices on his return to Washington.
July 19, 2022
Higher Oil Prices to Benefit Some Latin American NOCs: Report
Latin America’s NOCs Petrobras in Brazil and Ecopetrol in Argentina continue to show earnings leverage to rise on oil prices. However, the same can’t be said about Argentina’s YPF, Goldman Sachs analysts say.
July 18, 2022
Biden Says He Supports Two-state Solution while in West Bank
U.S. President Joe Biden tours the Middle East to discuss wide-ranging issues from security and U.S. support of Israel as well as a two-state solution to clean energy issues in Saudi Arabia.
July 15, 2022
US Becomes World’s Second Largest LNG Exporter
The U.S. rises in the ranks to become the world’s second largest LNG exporter, only behind Australia, after recent liquefaction expansions.
July 15, 2022
API Says US Lacks Comprehensive Energy Policy Ahead of Biden’s Saudi Visit
Ahead of Biden’s visit to Saudi Arabia, API reiterates its 10-point plan of policy issues Washington “should enact immediately to lower prices and secure American energy security going forward,” CEO Mike Sommers said.
July 14, 2022
OPEC Says Total Oil Demand to Exceed 100 Million-barrel Mark
OPEC also still forecasts supply growth to come from U.S. Permian Basin oil and non-conventional NGL and the Gulf of Mexico, according to the group’s latest oil market report.
July 12, 2022
Petrobras, BP Confirm ‘Good’ Productivity at Wildcat Well
Petrobras’ recent drillstem test yielded positive results due to the company’s application of real-time data to enable quick decision-making, Brazil’ state-owned company said in a statement.
July 12, 2022
Colombia Council of State Overturns Fracking Ban
The decision allows companies, including U.S.-based Exxon Mobil and ConocoPhillips, to move forward with environmental impact assessments necessary to conduct fracking to tap into Colombia’s shale resources.
July 11, 2022
US Independent Refiners Poised to Deliver: Report
The biggest threat facing independent refiners—including PBF Energy, Phillips 66 and Valero Energy—relates to rising inflation, supply chain disruptions and fears of a global recession, according to a recent report by Wells Fargo analysts.
July 11, 2022
Energy Transfer Shuts Old Ocean Gas Pipeline Due to Fire
Energy Transfer has notified all the appropriate regulatory agencies and says there will be an investigation into the cause of the incident. However, it is unclear when the gas pipeline will resume normal operations.
July 8, 2022