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Published on Dec 11, 2024

Exxon Raises Capital Spending as Worldwide Oil Glut Looms

(Bloomberg) -- Exxon Mobil Corp. will raise capital spending next year as it adds the $60 billion purchase of Pioneer Natural Resources Co. to oil-production plans, threatening to worsen next year’s expected crude glut. Most Read from Bloomberg Exxon plans …

Source: Yahoo Finance - Label Pending
Published on Dec 11, 2024

Chinese Demand, Europe, Syria Development Buoy Oil Prices

By Adedapo Adesanya Oil prices rose on Tuesday, influenced by increasing demand in China, the world’s largest buyer, as well as developments in Europe and Syria, with Brent crude futures closing at $72.19 per barrel after chalking up 5 cents or 0.07 per …

Source: BusinessPost Nigeria - Uncategorized
Published on Dec 11, 2024

Seplat to Double Oil Production With $800m Mobil Assets Acquisition

By Adedapo Adesanya The Organisation of the Petroleum Exporting Countries (OPEC) has once again trimmed its 2024 and 2025 oil demand growth forecasts. The bloc made this in its latest monthly oil market report for December 2024. The 2024 world oil demand …

Source: BusinessPost Nigeria - Uncategorized
Published on Dec 11, 2024

OPEC Revises Oil Demand Growth Forecast Lower For Fifth Straight Month: Retail’s Pessimistic

First Published Dec 11, 2024, 9:26 PM IST | Last Updated Dec 11, 2024, 9:26 PM IST The Organization of the Petroleum Exporting Countries trimmed its oil demand growth forecast for the fifth straight month according to its monthly oil market report. OPEC …

Source: Asianet Newsable - Label Pending
Published on Dec 11, 2024

Dangote Refinery, Neptune Oil Announce First Export Transaction of Refined Products to Cameroon

In a landmark move for regional energy integration, Dangote Refinery and Neptune Oil jointly announced the first-ever export of Premium Motor Spirit (PMS) from Dangote Refinery, Africa’s largest oil refinery, to Cameroon. This milestone, resulting from a …

Source: Kogi Reports - Label Pending
Published on Dec 11, 2024

Gas Prices Are Under $3 — and Could Be Even Lower by Christmas

We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. Learn more. The national average cost of a gallon of gas has fallen to the lowest …

Source: Money Magazine - Puerto Rico - Neutral
Published on Dec 11, 2024

EU slaps sanctions on Russia targeting 'shadow fleet' of oil tankers

The Kremlin is using old-age, poorly kept tankers to sell its crude oil above the price cap established by Western allies. The European Union on Wednesday issued new sanctions against Russia, targeting the "shadow fleet" of tankers that Moscow …

Source: Euronews - Neutral
Published on Dec 11, 2024

Pakistan Faces Surge in Gas Prices, Inflation Hits Essentials Amid IMF Reforms

The Pakistan Bureau of Statistics (PBS) has reported an unprecedented 850 percent increase in gas prices over the past four months, contributing to a sharp rise in inflation across the country. During a session of the National Assembly, led by Deputy …

Source: Sri Lanka Guardian - Neutral
Published on Dec 11, 2024

Crude Oil Jumps 2%; Macy's Lowers Earnings Forecast

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 300 points on Wednesday. The Dow traded up 0.49% to 44,296.79 while the NASDAQ rose 1.70% to 20,022.55. The S&P 500 also rose, gaining, 0.89% to 6,088.63. …

Source: Benzinga - Neutral
Published on Dec 11, 2024

Brent Crude – Oil Prices Rise Despite Largest OPEC Forecast Cuts of 2024

Oil prices rose despite OPEC downgrading its 2024 and 2025 global oil demand growth forecasts. The downgrade is attributed to China’s slower demand and the rise of electric vehicles. The EU and US are considering further sanctions on Russia’s oil trade, …

Source: OANDA Market Pulse - Neutral
Published on Dec 11, 2024

Oil Wobbles on Crude Inventory Draw, Large Fuel Builds

Crude oil prices fluctuated today after the Energy Information Administration reported an estimated inventory decline of 1.4 million barrels for the week to December 6. In fuels, however, the EIA estimated sizable builds. The crude oil inventory figure …

Source: Oil Price - Neutral
Published on Dec 11, 2024

Oil rises 1% as EU agrees further sanctions threatening Russian oil flows

Oil prices rose more than 1% on Wednesday after the European Union agreed an additional round of sanctions threatening Russian oil flows, while a larger-than-expected build in U.S. fuel stockpiles last week capped the gains. Brent crude futures were up 88 …

Source: Business Recorder - Neutral
Published on Dec 12, 2024

World oil supply rises by 130,000 bpd in November due to Libya and Kazakhstan — IEA

MOSCOW, December 12. /TASS/. The world oil supply increased by 130,000 barrels per day (bpd) in November due to the ongoing recovery of production in Libya and growth of production in Kazakhstan, according to a report by the International Energy …

Source: TASS - Gov't Propaganda
Published on Dec 12, 2024

Price of Brent oil hits $74 per barrel on ICE first since December 4

MOSCOW, December 12. /TASS/. The price of futures contracts of Brent crude oil for February 2025 delivery has reached $74 per barrel on London's ICE for the first time since December 4, 2024, according to trading data. As of 12:00 p.m. Moscow …

Source: TASS - Gov't Propaganda
Published on Dec 12, 2024

Russia’s oil export down 120,000 bpd in November, revenues lose $1.1 bln

MOSCOW, December 12. /TASS/. Russia’s exports of oil and petroleum products fell by 120,000 barrels per day (bpd) in November to 7.33 mln barrels per day (mbd), while revenues from supplies decreased by $1.1 bln to $14.56 bln due to lower prices …

Source: TASS - Gov't Propaganda
Published on Dec 11, 2024

Exxon sets 5-year plan to boost oil and gas output by 18%

HOUSTON, (Reuters) – Exxon Mobil XOM.N today said its annual project spending will rise to between US$28 billion and US$33 billion between 2026 and 2030, with a goal of lifting oil and gas output by 18%. The top U.S. oil producer laid out a five-year plan …

Source: Stabroek News - Neutral
Published on Dec 11, 2024

Pakistan faces shocking 850 per cent surge in gas prices as inflation soars

KARACHI : The Pakistan Bureau of Statistics (PBS) has revealed an unprecedented 850 per cent increase in gas prices over the past four months. During a National Assembly session led by Deputy Speaker Ghulam Mustafa Shah, detailed statistics on the soaring …

Source: The Arabian Stories - Pro-Government
Published on Dec 11, 2024

Yellen Sees ‘Opportunity’ for Action Against Russia in Softer Oil Market

Breadcrumb Trail Links PMN Business US Treasury Secretary Janet Yellen said that a softer global oil market might create an opportunity for further action against Russia’s energy sector, as the US continues its efforts to impair Moscow’s ability wage war …

Source: Financial Post - Center-right
Published on Dec 11, 2024

Bad Weather In Brazil Means Higher World Coffee Prices.

- Advertisement - Coffee prices may rise soon, as the cost of coffee beans on global markets has reached a record high. A popular advertising jingle of past decades chanted “There’s an awful lot of coffee in Brazil”, but now, due to bad weather, there may …

Source: The St Kitts Nevis Observer - Neutral

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Published on December 12, 2024 - 09:39 GMT

Oil and Gas Gasket Market Projected to Reach $1.71 Billion by 2034, Growing at a 2.8% CAGR, Says Fact.MR

Oil and Gas Gaskets Proving to be Very Helpful in Industrial Pipeline Connections Leading to Steady Market Growth ROCKVILLE, MD, UNITED STATES, December 12, 2024 /⁨EINPresswire.com⁩/ -- As analyzed in the recently updated report by Fact.MR, a …

Distribution channels: Business & Economy ...
Published on December 13, 2024 - 11:08 GMT

Wireless Gas Detection Market Size to Hit US$ 2.6 Billion by 2031 | TMR

Wireless Gas Detection Market is expected to surpass the value of US$ 2.6 Bn by 2031, expanding at a CAGR of 5.2%. WILMINGTON, DE, UNITED STATES, December 13, 2024 /⁨EINPresswire.com⁩/ -- The wireless gas detection market has gained significant …

Distribution channels: Manufacturing ...

Published on December 13, 2024 - 07:02 GMT

Oil Spill Management Market Growth to Exceed USD 139.4 Billion by 2027 | Transparency Market Research

The global oil spill management market is projected to rise at a CAGR of 3.1% and to reach US$ 139.4 Bn by the end of the forecast period 2019 to 2027. WILMINGTON, DE, UNITED STATES, December 13, 2024 /⁨EINPresswire.com⁩/ -- The global oil …

Distribution channels: Chemical Industry ...
Published on December 13, 2024 - 05:14 GMT

Gas Turbine Market Estimate to Hit $25.4 Billion by 2030

Global Gas Turbine Market projected to grow at a CAGR of 3.3% from 2021 to 2030. WILMINGTON, DE, UNITED STATES, December 13, 2024 /⁨EINPresswire.com⁩/ -- According to a new report published by Allied Market Research, the global gas turbine …

Distribution channels: Business & Economy, Energy Industry ...

Published on December 13, 2024 - 01:48 GMT

Liquefied Petroleum Gas Market Estimation Worth USD 243.4 Billion by 2030

Global Liquefied Petroleum Gas (LPG) Market projected to grow at a CAGR of 6.5% from 2021 to 2030. WILMINGTON, DE, UNITED STATES, December 13, 2024 /⁨EINPresswire.com⁩/ -- According to a new report published by Allied Market Research, the …

Distribution channels: Business & Economy, Energy Industry ...
Published on December 11, 2024 - 08:39 GMT

AI in Oil and Gas Market Projected to Grow at 13.5% CAGR, Reaching $7.99 Billion by 2031

WILMINGTON, NEW CASTLE, DE, UNITED STATES, December 11, 2024 /⁨EINPresswire.com⁩/ -- According to a new report published by Allied Market Research, titled, “AI in Oil and Gas Market," The ai in oil and gas market was valued at $2.32 billion in …

Distribution channels: Chemical Industry, IT Industry ...
Published on December 14, 2024 - 15:17 GMT

eMobility Forum at World Future Energy Summit 2025 in Abu Dhabi Will Help Drive Global Decarbonisation Goals

ABU DHABI, ABU DHABI, UNITED ARAB EMIRATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- As part of global efforts to decarbonise the transport sector, the upcoming World Future Energy Summit in Abu Dhabi will explore, examine, and encourage the use …

Distribution channels: Business & Economy, Companies ...
Published on December 14, 2024 - 15:15 GMT

eMobility Forum at World Future Energy Summit 2025 in Abu Dhabi Will Help Drive Global Decarbonisation Goals

ABU DHABI, ABU DHABI, UNITED ARAB EMIRATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- As part of global efforts to decarbonise the transport sector, the upcoming World Future Energy Summit in Abu Dhabi will explore, examine, and encourage the use …

Distribution channels: Business & Economy, Companies ...

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Published on December 15, 2024 - 15:07 GMT

Mark Gilbert of ATN Discusses the Future of the Used Car Industry on Auto Remarketing Podcast

SCOTTSDALE, AZ, UNITED STATES, December 15, 2024 /⁨EINPresswire.com⁩/ -- Mark Gilbert, an esteemed figure in the automotive industry and CEO at Automotive Training Network (ATN), was featured on the latest edition of the Auto Remarketing Podcast, …

Distribution channels: Automotive Industry, Banking, Finance & Investment Industry ...
Published on December 14, 2024 - 22:01 GMT

James Michael Matthew’s Vision for Climate Change: Launching the Movement Behind Building Fjords in the Great Deserts

Transforming Arid Landscapes into Thriving Ecosystems: A Bold Blueprint for Climate Solutions and Global Collaboration GLENDALE, CA, UNITED STATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- James Michael Matthew, an award-winning author and …

Distribution channels: Book Publishing Industry, Business & Economy ...
Published on December 14, 2024 - 15:18 GMT

Middle East Energy Powers Up with New Features, Product Sectors, and Industry Conferences

DUBAI, UNITED ARAB EMIRATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- The expanded 2025 edition of Middle East Energy, the region’s leading energy exhibition bringing together the leading lights of the industry, will feature a host of new shows, …

Distribution channels: Business & Economy, Companies ...
Published on December 14, 2024 - 15:17 GMT

eMobility Forum at World Future Energy Summit 2025 in Abu Dhabi Will Help Drive Global Decarbonisation Goals

ABU DHABI, ABU DHABI, UNITED ARAB EMIRATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- As part of global efforts to decarbonise the transport sector, the upcoming World Future Energy Summit in Abu Dhabi will explore, examine, and encourage the use …

Distribution channels: Business & Economy, Companies ...
Published on December 14, 2024 - 15:15 GMT

eMobility Forum at World Future Energy Summit 2025 in Abu Dhabi Will Help Drive Global Decarbonisation Goals

ABU DHABI, ABU DHABI, UNITED ARAB EMIRATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- As part of global efforts to decarbonise the transport sector, the upcoming World Future Energy Summit in Abu Dhabi will explore, examine, and encourage the use …

Distribution channels: Business & Economy, Companies ...
Published on December 14, 2024 - 15:06 GMT

Longi Hi Mo X6 Artist by Longi Green Energy Technology Co.,Ltd. Wins Iron in A' Energy Industry Awards

Innovative Solar PV Module Recognized for Exceptional Design, Efficiency, and Aesthetic Appeal in Prestigious International Design Competition COMO, CO, ITALY, December 14, 2024 /⁨EINPresswire.com⁩/ -- The A' Design Award, a highly respected …

Distribution channels: Business & Economy, Culture, Society & Lifestyle ...
Published on December 13, 2024 - 23:30 GMT

Batteryless Storage Solutions Market to Grow at a 29.6% CAGR, Surpassing US$ 9.2 Bn by 2034

The global batteryless storage solutions market, valued at $540 million in 2023, is projected to grow at a 29.6% CAGR, reaching $9.2 billion by 2034. WILMINGTON, DE, UNITED STATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- The global batteryless …

Distribution channels: Energy Industry ...
Published on December 13, 2024 - 23:15 GMT

Advanced Wind Turbine Blade Materials Market to Reach US$ 9.8 Bn by 2034, Expanding at a 6.3% CAGR

The global advanced wind turbine blade materials market, valued at $5.0 billion in 2023, is projected to grow at a 6.3% CAGR, reaching $9.8 billion by 2034. WILMINGTON, DE, UNITED STATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- The global …

Distribution channels: Energy Industry ...
Published on December 13, 2024 - 23:00 GMT

Paper-based Biofuel Cell Market Forecast: From US$ 300.0 Mn in 2023 to US$ 580.0 Mn by 2034

The global paper-based biofuel cell market, valued at $300 million in 2023, is projected to grow at a 6.3% CAGR, reaching $580 million by 2034. WILMINGTON, DE, UNITED STATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- The global paper-based biofuel …

Distribution channels: Energy Industry ...
Published on December 13, 2024 - 22:45 GMT

Floating Wind Turbines Market Trends: Valued at US$ 4.9 Bn in 2023, Projected to Reach US$ 83.4 Bn by 2034

The global floating wind turbines market, valued at $4.9 billion in 2023, is projected to grow at a 29.4% CAGR, reaching $83.4 billion by 2034. WILMINGTON, DE, UNITED STATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- The global floating wind …

Distribution channels: Energy Industry ...
Published on December 13, 2024 - 22:30 GMT

Smart Bins for Waste Management Market Forecast: From US$ 75.3 Mn in 2023 to US$ 292.4 Mn by 2034

The global smart bins for waste management market, valued at $75.3 million in 2023, is projected to grow at a 13.1% CAGR, reaching $292.4 million by 2034 WILMINGTON, DE, UNITED STATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- The global smart …

Distribution channels: Energy Industry ...
Published on December 13, 2024 - 22:15 GMT

Solar Panel Operation & Maintenance Market Set to Achieve US$ 16.4 Bn by 2034, Growing at a 10.1% CAGR

The global solar panel operation & maintenance market, valued at $5.7 billion in 2023, is projected to grow at a 10.1% CAGR, reaching $16.4 billion by 2034 WILMINGTON, DE, UNITED STATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- The global …

Distribution channels: Energy Industry ...
Published on December 13, 2024 - 22:03 GMT

SEAPEAK LLC DECLARES DISTRIBUTIONS ON SERIES A AND B PREFERRED UNITS

HAMILTON, BERMUDA, December 13, 2024 /⁨EINPresswire.com⁩/ -- Seapeak LLC (Seapeak or the Company) has declared cash distributions of $0.5625 per unit on the Company’s Series A preferred units (NYSE:SEAL PR A) and $0.5313 per unit on the Company’s …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on December 13, 2024 - 21:45 GMT

Teflon Heat Exchanger Market Expected to Grow at a 7.7% CAGR, Reaching US$ 2.5 Bn by 2034

The global Teflon heat exchanger market, valued at $1.1 billion in 2023, is expected to grow at a 7.7% CAGR, reaching $2.5 billion by 2034 WILMINGTON, DE, UNITED STATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- The global Teflon heat exchanger …

Distribution channels: Energy Industry ...
Published on December 13, 2024 - 21:30 GMT

Alternative Energy Market Projected to Reach US$ 3.4 Trn by 2034, Growing at a 12.4% CAGR

The global alternative energy market, valued at $940.4 billion in 2023, is projected to grow at a 12.4% CAGR, reaching $3.4 trillion by 2034. WILMINGTON, DE, UNITED STATES, December 14, 2024 /⁨EINPresswire.com⁩/ -- The global alternative energy …

Distribution channels: Energy Industry ...
Published on December 13, 2024 - 21:15 GMT

8 Trends Influencing U.S. Freight Railroading In 2025

Consumer confidence, energy pricing & deregulation, among other factors, provide a favorable environment for short-term growth and long-term industry planning MARLTON, NJ, UNITED STATES, December 13, 2024 /⁨EINPresswire.com⁩/ -- According to …

Distribution channels: Business & Economy, Energy Industry ...
Published on December 13, 2024 - 18:50 GMT

Smart Society Ventures Releases Whitepaper on Decentralized Energy and Grid Technology

GENEVA, SWITZERLAND, December 13, 2024 /⁨EINPresswire.com⁩/ -- Smart Society Ventures (SSV) is proud to announce the release of its latest whitepaper, “Building a Smart Society: Decentralized Energy and the Grid Tech to Power It.” This …

Distribution channels: Banking, Finance & Investment Industry, Business & Economy ...
Published on December 13, 2024 - 17:29 GMT

Worry Free Davis Bacon Isssues for Construction Companies Doing Business with the Federal Government

Tax Incentives SCOTTSDALE, AZ, UNITED STATES, December 13, 2024 /⁨EINPresswire.com⁩/ -- Making sure that every employee receives the prevailing wage on a government construction job may sound easy if the company has 2 or 3 employees. Add in 15 …

Distribution channels: Building & Construction Industry, Energy Industry ...
Published on December 13, 2024 - 17:16 GMT

Arden Nights 2024: How Music and Evertreen’s Tree-Planting Initiative Transformed Nepal’s Ecosystems

LOS ANGELES, CA, UNITED STATES, December 13, 2024 /⁨EINPresswire.com⁩/ -- Evertreen, the platform that makes it easy to plant real trees online, is thrilled to look back on the success of its partnership with Arden Records during Arden Nights 2024. …

Distribution channels: Companies, Energy Industry ...
Published on December 13, 2024 - 16:00 GMT

Surpreenda neste Natal com as Estações de Energia Portátil BLUETTI para Todos os Estilos de Vida

SÃO PAULO, SÃO PAULO, BRAZIL, December 13, 2024 /⁨EINPresswire.com⁩/ -- Surpreenda neste Natal com as Estações de Energia Portátil BLUETTI para Todos os Estilos de Vida A contagem regressiva para o Natal já começou, e esta é a época perfeita …

Distribution channels: Energy Industry, Gifts, Games & Hobbies ...