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Showing posts with the label November 26

Look for OPEC to cut oil production by 1 to 1.5 million barrels at next meeting, says analyst

Look for OPEC to cut oil production by 1 to 1.5 million barrels at next meeting, says analyst https://cnb.cx/2P2vGlP OPEC will likely announce a cut between 1 million and 1.5 million to help stabilize the markets, says Johannes Benigni, Vienna-based consultancy JBC Energy Group chairman. https://ift.tt/2PddWW7 November 26, 2018 at 07:29PM Energy https://cnb.cx/2KU3Ztw

The oil market is 'clearly oversupplied' now: JBC Energy

The oil market is 'clearly oversupplied' now: JBC Energy https://cnb.cx/2TOBHGj There was "more than enough" compensation for the Iranian lost barrels, and the now-oversupplied market requires more active management, says Johannes Benigni of JBC Energy. https://ift.tt/2PddWW7 November 26, 2018 at 01:28PM Energy https://cnb.cx/2KU3Ztw

Oil weighed down by record Saudi output; markets await G20, OPEC meetings

Oil weighed down by record Saudi output; markets await G20, OPEC meetings https://cnb.cx/2P4ATtr Saudi Arabia raised oil production to an all-time high in November, an industry source said on Monday, pumping 11.1 million to 11.3 million barrels per day (bpd) during the month. https://ift.tt/2PddWW7 November 26, 2018 at 05:43PM Energy https://cnb.cx/2KU3Ztw

Climate change will hurt poor people the most, according to a bombshell federal report

Climate change will hurt poor people the most, according to a bombshell federal report https://cnb.cx/2FFlS1K While climate change is poised to roil the entire country in the years to come, its consequences will be especially harmful to low-income communities, according to the blockbuster government report released on Friday. https://ift.tt/2PddWW7 November 26, 2018 at 08:53AM Energy https://cnb.cx/2KU3Ztw

Goldman Sachs contradicts Trump: $50 oil is bad for the US, commodity chief warns

Goldman Sachs contradicts Trump: $50 oil is bad for the US, commodity chief warns https://cnb.cx/2BzFLTR Low U.S. crude prices hurt American drillers and threaten to create problems in the credit market, warns Jeff Currie, head of commodity research at Goldman Sachs. https://ift.tt/2PddWW7 November 26, 2018 at 07:54AM Energy https://cnb.cx/2KU3Ztw

BP's Middle East chief isn't worried about low oil prices, says $50 a barrel is 'within range'

BP's Middle East chief isn't worried about low oil prices, says $50 a barrel is 'within range' https://cnb.cx/2Rb1NSh The British oil giant says it's planned its investments with wide price fluctuations in mind. But countries like Iraq may see cuts in capital spending from the public sector, putting vital reconstruction projects at risk.   https://ift.tt/2PddWW7 November 26, 2018 at 06:17AM Energy https://cnb.cx/2KU3Ztw

Oil prices rebound after roller coaster month

Oil prices rebound after roller coaster month https://cnb.cx/2PWYB06 CNBC's Mike Santoli discusses the rebound of oil prices after a volatile month. https://ift.tt/2PddWW7 November 26, 2018 at 05:40AM Energy https://cnb.cx/2KU3Ztw

A start-up creating smart trailers for pedal bikes is hoping to change the way goods are delivered

A start-up creating smart trailers for pedal bikes is hoping to change the way goods are delivered https://cnb.cx/2Rb1BT3 The coming years could see a range of new logistics innovations hit our streets.  https://ift.tt/2PddWW7 November 26, 2018 at 05:18AM Energy https://cnb.cx/2KU3Ztw

Goldman expects commodities to rebound in 2019, says oil and gold prices are 'extremely attractive'

Goldman expects commodities to rebound in 2019, says oil and gold prices are 'extremely attractive' https://cnb.cx/2KD18Xq Goldman Sachs said Monday commodities could surge around 17 percent over the coming months, with a fast-approaching G-20 meeting cited as a potential launchpad for raw materials. https://ift.tt/2PddWW7 November 26, 2018 at 03:48AM Energy https://cnb.cx/2KU3Ztw

Crude oil plunge crushes energy stocks

Crude oil plunge crushes energy stocks https://cnb.cx/2ByieTf CNBC's Dom Chu reports on oil prices plunging and how it's impacting the rest of the markets. https://ift.tt/2PddWW7 November 26, 2018 at 02:00AM Energy https://cnb.cx/2KU3Ztw

Arsenal announces installation of battery storage system at Emirates Stadium

Arsenal announces installation of battery storage system at Emirates Stadium https://cnb.cx/2DXv7ZE Arsenal is looking to green its operations in a number of ways. https://ift.tt/2PddWW7 November 26, 2018 at 03:02AM Energy https://cnb.cx/2KU3Ztw

Producers will also get hurt from the low oil prices, says Clipperdata's Smith

Producers will also get hurt from the low oil prices, says Clipperdata's Smith https://cnb.cx/2SgWxgd Matt Smith of Clipperdata joins 'Squawk Box' to discuss the crude oil slide and what's his forecast for next year. https://ift.tt/2PddWW7 November 26, 2018 at 01:40AM Energy https://cnb.cx/2KU3Ztw

Solar plant to provide energy to oilfield in Algerian desert

Solar plant to provide energy to oilfield in Algerian desert https://cnb.cx/2PRtrHg The facility is located at the Bir Rebaa North field.  https://ift.tt/2PddWW7 November 26, 2018 at 02:03AM Energy https://cnb.cx/2KU3Ztw