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Column: Climbing oil prices signal need for more output: Kemp   Jun 16, 2021
Oil prices are signalling the need for an urgent increase in production from OPEC+ and U.S. shale companies as the global economy and oil demand recover more rapidly than expected from the pandemic. Reuters  

Brace for huge oil volatility, U.S. trading group says   Jun 16, 2021
Oil prices are likely to be extremely volatile in the next few years, driven by supply constraints rather than demand as financing for new production evaporates in favour of renewables, U.S.-based Castleton Commodities International said. Reuters  

A court ruling against Shell and votes against Exxon and Chevron add pressure, but it's the market that will drive oil giants to change   Jun 16, 2021
From news reports, it might sound like the fossil fuel industry is on the defensive after a landmark court ruling and two shareholdervotes challenging the indus Houston Chronicle  

Terra Nova deadline comes — and goes — without word of its fate   Jun 16, 2021
An expected announcement Tuesday on the oilfield's future never came, but one thing is clear: Whenever Terra Nova is decommissioned, the provincial government will owe its owners money.  

Birchcliff Energy Ltd. Releases 2020 ESG Report   Jun 16, 2021
CALGARY, Alberta, June 16, 2021 (GLOBE NEWSWIRE) -- (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce the release of its 2020 ESG Report, which details the Corporation’s environmental, Yahoo Finance  

Williams Announces Deepwater Export Agreement at Shenandoah   Jun 16, 2021
Williams (NYSE: WMB) announced today that it recently reached an export agreement with Beacon Offshore Energy Development LLC and its co-owner ShenHai, LLC, a subsidiary of Navitas Petroleum, to provide offshore natural gas gathering and transportation services and onshore natural gas processing services to the Shenandoah development through the Discovery infrastructure in the central Gulf of Mexico. Yahoo Finance  

Oil Trader CFOs Say Banks Are Demanding Green Targets for Loans   Jun 16, 2021
The finance chiefs of the world’s biggest oil trading houses said banks are increasingly demanding they meet environmental, social and governance targets to access loans critical to their business. Bloomberg  

Transocean Ltd. Announces $116 Million in Harsh Environment Contract Awards   Jun 16, 2021
Transocean Ltd. (NYSE: RIG) announced today the Transocean Barents was awarded a two-well contract in Norway with commencement expected in February 2022. The contract award is approximately 200 days in duration and adds an estimated $60 million in firm contract backlog. Yahoo Finance  

Oil nears two-year high as market bets on looming supply crunch   Jun 16, 2021
Oil prices have soared to near two-year highs supported by a recovery in demand from the coronavirus pandemic and a drop in US crude inventories. Yahoo Finance  

Oil Edges Higher With Market Tightening and Virus Curbs Easing   Jun 16, 2021
Oil crept higher as industry data pointed to a substantial decline in U.S. crude stockpiles and fuel sales in India showed signs of recovering.Inventories dropped by 8.54 million barrels last week, according to people familiar with the American Petroleum Institute’s data. Yahoo Finance  

The Global Flow Computer in Oil and Gas Market was valued at USD 541.59 Million in 2020   Jun 16, 2021
It is expected to reach USD 776. 64 Million by 2026, registering a CAGR of 6. 2%, over the period of 2021-2026. The overall function of a flow computer is to calculate and record the flow rate using industry-standard algorithms as natural gas and several hydrocarbons pass through a segmented section of the pipeline. Yahoo Finance  

U.S. Pledges More Money for Developing States to Cut Emissions   Jun 16, 2021
U.S. climate envoy John Kerry pledged that Washington would give more money to help developing nations tackle climate change, and said that Saudi Arabia, the world’s biggest oil exporter, was closer to agreeing to zero out greenhouse gas emissions by mid-century. Yahoo Finance  

India’s Fuel Sales Rebound From Virus Hit in Boost for Oil Bulls   Jun 16, 2021
India’s gasoline and diesel sales rebounded in the first half of June, offering early evidence the nation’s energy consumption is on the mend after a deadly second coronavirus outbreak that hammered demand. Bloomberg  

Australia looks to spur offshore carbon storage   Jun 16, 2021
Australia asked companies on Wednesday to nominate offshore acreage they want to explore for places to bury carbon dioxide, part of a government drive to promote carbon capture and storage (CCS) to help cut emissions. Reuters  

Crude Oil Price Update – Needs to Hold $71.14 to Sustain the Upside Momentum   Jun 16, 2021
The direction of the September WTI crude oil market on Wednesday is likely to be determined by trader reaction to $71.14. Yahoo Finance  

Nikkiso Cryogenic Services Announces Asas Aljood (Saudi Arabia) to Become the Authorized Service Provider   Jun 16, 2021
Nikkiso ’ Clean Energy & Industrial Gases Group (“Group”), a subsidiary of Nikkiso Co., Ltd (Japan), is proud to announce they have signed an agreement for Asas Aljood to become the Authorized Service Provider for Nikkiso Cryogenic Services (NCS) in the Kingdom of Saudi Arabia. Yahoo Finance  

Oil gains lift European shares, STOXX index holds just off record high   Jun 16, 2021
European shares rose on Wednesday, as energy stocks tracked a jump in oil prices, while investors turned to a Federal Reserve meeting for cues on whether the central bank was beginning to debate tapering its ultra easy monetary policy. Reuters  

Tullow Oil raises hedging to 75% of output for two years   Jun 16, 2021
The oil producer had previously hedged around 60% of its output one year into the future and 30% in the second year. Set up in the 1980s to produce oil and gas in Africa, Tullow has historically focused on exploring discoveries, Yahoo Finance  

Lundin sells 'carbon neutral' oil to South Korea's GS Caltex   Jun 16, 2021
Lundin Energy has sold an oil cargo certified as carbon neutral at the point of production to South Korean refiner GS Caltex in the first such sale of crude from Norway's Johan Sverdrup field, the Swedish company said on Wednesday. Reuters  

Japanese refiners see bullish oil price trend continuing   Jun 16, 2021
Oil prices are set to remain on a bullish course this year given the strong recovery in global demand following the COVID-19 pandemic-induced slump, the head of the Petroleum Association of Japan (PAJ) said on Wednesday. Reuters  

Texas Averts Blackouts and Braces for More Heat Through Friday   Jun 16, 2021
Texas squeezed by on Tuesday with just enough electricity to keep the lights on. On Wednesday, it will face the prospect of blackouts all over again.Temperatures are expected to reach 98 degrees Fahrenheit (37 degrees Celsius) in Houston as a heat wave that’s expected to drag on through the end of the week blankets the western half of the U. Yahoo Finance  

Brent Oil Marches Toward $75 as Market Tightens Up, Curbs Ease   Jun 16, 2021
Oil extended a powerful rally, with global benchmark Brent closing in on $75 a barrel, after industry data pointed to a substantial draw in U.S. crude stockpiles and top traders predicted further gains in prices. Yahoo Finance  

Federal judge blocks Biden's pause on new oil, gas leases   Jun 16, 2021
The Biden administration’s suspension of new oil and gas leases on federal land and water was blocked Tuesday by a federal judge in Louisiana who ordered that plans continue for lease sales that were delayed for the Gulf of Mexico and Alaska waters “and all eligible onshore properties. Yahoo Finance  

India keeps base import price of palm oil, soyoil unchanged   Jun 16, 2021
India kept the base import prices of palm oil and soybean oil unchanged for a fortnight, the government said in a statement late Tuesday, even as prices of the cooking oils fell sharply in the global market. Reuters  

Clippers' Kawhi Leonard sprains right knee, out for Game 5 vs. Jazz   Jun 16, 2021
Phoenix guard Chris Paul has entered the NBA's health and safety protocols and it is unclear whether he'll be available for the start of the Western Conference finals next week, a person with knowledge of the situation said Wednesday.  

Oil hits new high near $75 on demand rise, falling inventories   Jun 16, 2021
Oil gained for a fifth day on Wednesday, climbing towards $75 a barrel to its highest since April 2019, supported by a recovery in demand from the pandemic and a drop in U.S. crude inventories. The American Petroleum Institute reported U. Yahoo Finance  

Oil nears $75 as demand rises, U.S. refiners boost output   Jun 16, 2021
Oil prices rose on Wednesday for a fifth day, climbing toward $75 a barrel as U.S. refiners drew more crude inventories to ramp up activity and meet recovering demand. Crude inventories fell by 7.4 million barrels in the week to June 11, Yahoo Finance  

Oil bulls take charge as demand outlook improves, Brent up a fifth day   Jun 16, 2021
Oil prices rose on Wednesday, with Brent gaining for a fifth consecutive session, as falling stockpiles and a recovery in demand encouraged investors. Reuters  

Liberty Oilfield Services Inc. Appoints Audrey Robertson to Its Board of Directors   Jun 15, 2021
Liberty Oilfield Services Inc. (NYSE: LBRT; "Liberty" or the "Company") announced today the appointment of Audrey Robertson to its Board of Directors. Ms. Robertson joined the Board contemporaneously with the resignation of Brett Staffieri, Yahoo Finance  

Federal judge blocks Biden's pause on new oil, gas leases   Jun 15, 2021
The Biden administration’s suspension of new oil and gas leases on federal land and water was blocked Tuesday by a federal judge in Louisiana, who ordered that plans continue for lease sales that were delayed for the Gulf of Mexico and Alaska waters “and all eligible onshore properties. Yahoo Finance  

Germany vs. France: 'Kick out oil' protester parachutes into Allianz Arena stadium ahead of Euro 2020 match   Jun 15, 2021
A protester parachuted into Munich's Allianz Arena moments before the start of the Euro 2020 match between Germany and France on Tuesday, injuring several people who were hospitalized, according to European football governing body UEFA. CNN  

Biden Pause on Oil Leases on Public Lands Blocked by Judge   Jun 15, 2021
The Biden administration’s pause on new oil and gas leases on public lands and offshore waters was blocked by a federal judge in Louisiana at the urging of 13 red states. Bloomberg  

Rio Tinto and ARENA to study using hydrogen to reduce carbon emissions in alumina refining   Jun 15, 2021
Rio Tinto has partnered with the Australian Renewable Energy Agency (ARENA) to study whether hydrogen can replace natural gas in alumina refineries to reduce emissions. Yahoo Finance  

Rising crude oil prices power TSX to new record high, while U.S. stock markets fall   Jun 15, 2021
TORONTO — Canada's main stock index set new records again on rising crude oil prices, including Western Canadian Select reaching its highest level since 2014, even as U.S. equities trended lower. The Canadian crude oil price moved above $58 a barrel. Yahoo Finance  

CF Energy Received Credit Facility from China Everbright Bank   Jun 15, 2021
TORONTO, June 15, 2021 (GLOBE NEWSWIRE) -- (TSX-V: CFY) (“CF Energy” or the “Company”, together with its subsidiaries, the “Group”), a leading new energy service provider in the People’s Republic of China (the ”PRC” or “China”), Yahoo Finance  

Tulsa postal carriers among 4 indicted in meth conspiracy   Jun 15, 2021
A Tulsa man and three U.S. Postal Service carriers have been charged with participating in a methamphetamine drug conspiracy, federal prosecutors said Tuesday. A federal grand jury in Tulsa indicted Kamau Jahi Williams, Houston Chronicle  

Pemex Misses May Deadline to Pay Bonuses to Its Oil Traders   Jun 15, 2021
Petroleos Mexicanos has missed a deadline to pay profit-sharing bonuses to its traders, less than a year after asking them to return an earlier round of payouts, according to people with knowledge of the situation. Bloomberg  

CF Energy Updates Corporate Presentation   Jun 15, 2021
CF Energy Corp. (TSX-V: CFY) (“CF Energy” or the “Company”, together with its subsidiaries, the “Group”), a leading new energy service provider in the People’s Republic of China (the ”PRC” or “China”), Yahoo Finance  

Range Board Forms ESG and Safety Committee, Announces Responsibly Sourced Natural Gas Pilot Program   Jun 15, 2021
RANGE RESOURCES CORPORATION (NYSE: RRC) today announced the formation of a new Environmental Social Governance (ESG) and Safety Committee by the Board of Directors. Range also committed to a pilot project with Project Canary to certify the production of responsibly sourced natural gas (RSG) following a review of the Company’s operations under Project Canary’s TrustWell™ Certification program. Yahoo Finance  

U.S. judge blocks Biden from pausing oil and gas lease auctions   Jun 15, 2021
A federal judge in Louisiana on Tuesday ordered that the U.S. Department of Interior could not pause new oil and gas leasing on federal lands and waters. Reuters  

Oil Prices Climb On Huge Inventory Draw   Jun 15, 2021
The American Petroleum Institute (API) on Tuesday reported a draw in crude oil inventories of 8.537-million barrels for the week ending June 11. OilPrice  

DCP Midstream to Participate in J.P. Morgan 2021 Energy, Power & Renewables Conference   Jun 15, 2021
DCP Midstream, LP (NYSE: DCP) announced that Sean O’Brien, group vice president and chief financial officer and Bill Johnson, group vice president and chief transformation officer will conduct a series of virtual one-on-one and small group meetings with investment community representatives at the J. Yahoo Finance  

Williams CEO to Participate in J.P. Morgan Energy, Power & Renewables Virtual Conference   Jun 15, 2021
President and Chief Executive Officer Alan Armstrong is scheduled to present at the J.P. Morgan Energy, Power & Renewables Virtual Conference on Tuesday, June 22, at approximately 9:50 a.m. Eastern Time (8:50 a. Yahoo Finance  

InPlay Oil Corp. Announces Participation in Noble Capital Markets C-Suite Interview Series   Jun 15, 2021
CALGARY, Alberta, June 15, 2021 (GLOBE NEWSWIRE) -- (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) today announced their participation in Noble Capital Markets’ C-Suite Interview Series, presented by Channelchek. Yahoo Finance  

OPEC+ Alliance Has Been Key In Oil Market Recovery   Jun 15, 2021
The OPEC+ alliance has taken decisive actions to help reduce oil market volatility, OPEC Secretary-General Mohammad Barkindo said on Tuesday OilPrice  

Canadian Natural Resources to Continue Its Momentum   Jun 15, 2021
I suspect the company's top line will continue increasing with oil prices looking as though they may even reach the $100 mark combined with a shortage of supply. Canadian Natural Resources' free cash flow and working capital have increased significantly over the past year and if it should continue to do so, Yahoo Finance  

UPDATE 3-Interest in Shell's Permian assets seen as a bellwether for shale demand   Jun 15, 2021
A cadre of oil companies, seeing continued profits in shale, are mulling Royal Dutch Shell's holdings in the largest U.S. oil field as the European giant considers an exit from the Permian Basin, according to market experts. Reuters  

Major traders see oil staying above $70/ barrel, $100 not impossible   Jun 15, 2021
The world's biggest oil traders said on Tuesday they see oil prices staying above $70 a barrel with demand expected to return to pre-pandemic levels in the second half of 2022. Oil prices crashed in April last year when the COVID-19 movement restrictions hit their peak with the U. Yahoo Finance  

Is TC Energy (TSX:TRP) Still a Buy After Keystone XL Was Scrapped?   Jun 15, 2021
TC Eenergy officially closed the book on its Keystone XL project. It's a massive investment loss and casts a shadow on the company's prospects. The post Is TC Energy (TSX:TRP) Still a Buy After Keystone XL Was Scrapped? Yahoo Finance  

$100 Oil Is Now A Distinct Possibility   Jun 15, 2021
Oil trader Trafigura believes that $100 oil is now a realistic possibility as strong demand combines with tight supply OilPrice  

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