Category: Oil and Gas

myfisensemyfisenseSeptember 13, 2021

(Reuters) – Goldman Sachs said Hurricane Ida had a larger impact on oil production than on refinery demand, causing a net “bullish” impact on U.S. and global storage levels. The investment bank, in a note dated Sept. 9, described the hit to U.S. output as “historically large” and expects almost 40 million barrels of crude […]

myfisensemyfisenseSeptember 13, 2021

(Reuters) – European stocks rose on Monday, with oil, banks and utility shares driving gains as investors hoped that a strong euro zone economic recovery would outweigh risks from a global slowdown. The pan-European STOXX 600 index was up 0.4% after hitting a three-week low last week. Asian stocks, however, fell following news of fresh […]

myfisensemyfisenseSeptember 10, 2021

LONDON (Reuters) -Oil rose towards $73 a barrel on Friday, supported by growing signs of supply tightness in the United States as a result of Hurricane Ida and as U.S.-China trade hopes gave riskier assets a boost. About three-quarters of the U.S. Gulf’s offshore oil production, or about 1.4 million barrels per day, has remained […]

myfisensemyfisenseSeptember 7, 2021

BP Ventures, the investing arm of oil and gas giant BP, has announced a €10 million (~$11.9 million) investment in Ryd, a German in-car digital payments provider. The fresh funds will help Ryd expand its service into international markets and build out its offering, according to a statement. Ryd’s service allows users to lump together […]

myfisensemyfisenseAugust 26, 2021

Oil fell on Thursday for the first session in four amid renewed concerns about demand recovery as more restrictions are imposed to curb Covid-19 infections.  Brent crude was down 61 cents, or 0.9%, at $71.63 per barrel, having risen 1.7% on Wednesday. U.S. oil was down 68 cents, or 1%, at $67.68 a barrel, after gaining 1.2% in the previous […]

myfisensemyfisenseAugust 11, 2021

U.S. shale producer BKV Corp is acquiring a Texas power generator for $430 million in a move that leverages its gas production to generate electricity, the company said. The deal comes as Texas tries to encourage new gas-fired power generation to meet record demand. Texas coal-fired plants have closed due to competition from cheaper wind […]

myfisensemyfisenseJuly 12, 2021

Just days from now, Biden is set to gamble a proposed $2.5 trillion on a new plan, in hopes of bringing America’s foundation into the next generation. It’s coming in the form of the biggest infrastructure project since the highway system was built in the 1970s. But with today’s massive infrastructure bill, most people might […]

FI Sense