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Halliburton: Oil prices to spike in 2020 after massive industry cuts
Oil prices tumbled to a low of $26.05 in February 2016 Halliburton believes the worse crash in oil prices in a generation will lead to a spike in oil prices by 2020. The global glut of crude has resulted in tumbling oil prices and has forced oil companies to cut about $2 trillion in investments, […]
Oil prices edge up Friday, but are down nearly 4 per cent on week
Oil prices boosted by weak US dollar Oil prices rose slightly in trading on Friday as a weaker US dollar helped boost the value of crude, but overall oil remains down for a fifth straight week and hovers near a 10-month low as investors concerns about the global glut outweigh OPEC’s efforts to cut production. […]
MEDIA KIT – NORTH AMERICAN ENERGY NEWS INC.
Our readership is well educated, well off, and well informed Markham On Energy is the #1 reason why your business or organization should advertise with North American Energy News. On average, each month 50,000 people – and that number is growing steadily – read Markham Hislop’s column for interviews and analysis they won’t find anywhere else. […]
US crude oil imports increased in 2016
OPEC’s share in 2016 was lower than in any year between 1973 Gross US crude oil imports in 2016 rose to an average of 7.9 million b/d, 514,000 b/d more than the 2015 average, according to the US Energy Information Administration. Net crude oil imports increased by a smaller amount (460,000 b/d), as US crude […]
Papua New Guinea LNG export plant seeks to sell 6 cargos in tender-trade
Papua New Guinea LNG sale sign demand weak MILAN, Feb 21 (Reuters) – Exxon Mobil’s Papua New Guinea LNG export facility is seeking to sell six cargoes in a tender, trade sources said. Cargoes are for delivery between May and October, traders said, adding that they expected the tender to attract high levels of interest. “It’s […]
California demand for wind power energizes transmission firms
Billions to be spent on California wind power projects By Nichola Groom LOS ANGELES, Feb 15 (Reuters) – A firm controlled by Philip Anschutz, the billionaire entertainment and pro sports magnate, will soon build the largest wind farm in the United States to serve utilities in California, where officials have set ambitious green power goals. […]
Trump, NAFTA, border tax – “Market intelligence” from North American Energy News
Market intelligence services: Webinars, regular updates, breaking news bulletins, rapid response to client questions about issues Businesses dislike uncertainty. With the election of Donald Trump, the Alberta oil and gas industry is facing significant uncertainty: changes to NAFTA and other trade rules, and the possible imposition of a “border adjustment tax.” North American Energy News Inc. offers […]
US to sell 10 million barrels of crude reserves in February: Energy Dept
2016 law mandated sale of 24 million barrels of oil in US crude reserves WASHINGTON, Feb 8 (Reuters) – The U.S. Energy Department said on Wednesday it will sell 10 million barrels of oil from the government’s emergency crude reserves in late February. The sale from the Strategic Petroleum Reserve (SPR) was required by a […]
Global clean energy investment falls to $288 billion in 2016
Clean energy investment falls as early adopters focus on grid investment LONDON, Jan 12 (Reuters) – Clean energy investment worldwide fell by 18 per cent to $287.5 billion last year due to sharp falls in renewable technology prices and less spending on projects by large markets China and Japan, research showed on Thursday. Chinese investment […]
Dakota Access protesters arrested at North Dakota shopping mall
Anti-pipeline protesters arrested at North Dakota shopping mall By Terray Sylvester BISMARCK, N.D., Nov 25 (Reuters) – More than 30 Dakota Access protesters were arrested on Friday at a retail mall during a rally timed to coincide with the busiest shopping day of the year. The rally was held at the main shopping center of North […]
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