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Sask. raises $442K from petroleum and natural gas bids during lowest-ever June public offering   Jun 05, 2020
The June public offering of Crown petroleum and natural gas rights on Tuesday brought in just $442,125 for the Saskatchewan government — the lowest-ever total for a June offering. CBC.ca  

Occidental Petroleum (OXY) Gains As Market Dips: What You Should Know   Jun 05, 2020
In the latest trading session, Occidental Petroleum (OXY) closed at $15.55, marking a +0.65% move from the previous day. YAHOO!  

Big Oil’s Race To Net Zero   Jun 05, 2020
European supermajors have been all but shouting about it: they are diversifying into renewable energy, and they will all be net-zero companies by 2050 OilPrice  

Oil Rises for Sixth Week as OPEC Clears Path for Cut Extension   Jun 04, 2020
Oil is on track to gain for a sixth week as the OPEC+ producer bloc headed toward an agreement to extend output curbs by another month.Futures in New York were little changed, after advancing 0.3% on Thursday. YAHOO!  

Massachusetts directs agency to study phase-out of natural gas   Jun 04, 2020
Massachusetts' top attorney asked the state's public utilities regulator on Thursday to probe the future of the natural gas industry as the state moves away from burning fossil fuels because they contribute to climate change. YAHOO!  

Russia’s Energy Minister Sees Shortage In Oil Market Next Month   Jun 04, 2020
Russia’s Energy Minister Alexander Novak is predicting a shortage in the oil market next month, Ifax reported on Thursday. Novak said that the global oil markets could see a shortfall between three and five million barrels per day in July, OilPrice  

Sask. raises $442K from petroleum and natural gas bids during June public offering   Jun 04, 2020
The June public offering of Crown petroleum and natural gas rights, where companies placed their bids for the rights to explore and drill for oil on parcels of land, took place Tuesday and brought in just $442, CBC.ca  

Putin chastises regional official over 20,000-ton Siberian oil spill   Jun 04, 2020
What do you mean you've finished your report on the situation?” Putin demanded. “What's going to be done? You're the governor.” NBC News  

OPINION | Think the COVID-19 lockdown is tough? Meeting our climate targets will be tougher   Jun 04, 2020
The lockdown has shown us many things. How we apply these lessons to our energy future will determine our success in the fight against both COVID-19 and climate change. CBC.ca  

Westport: 1Q Earnings Snapshot   Jun 04, 2020
Westport Innovations Inc. (WPRT) on Thursday reported a loss of $15.3 million in its first quarter. The Vancouver, British Columbia-based Associated Press  

A Perfect Storm For Petrochemicals   Jun 04, 2020
The oil majors have made huge bets on plastics and petrochemicals in recent years, but those investments look increasingly shaky following the COVID-19 pandemic and economic downturn OilPrice  

Exxon's delayed FID on Mozambique gas project seen coming next year   Jun 04, 2020
Exxon Mobil's (NYSE:XOM) final investment decision on the $30B Rovuma LNG project in Mozambique should "in principle" come in 2021, the chairman of the country's National Petroleum Institute s Seeking Alpha  

US Gulf Of Mexico More Resilient To Oil Price Crash This Time   Jun 04, 2020
The U.S. Gulf of Mexico is better prepared now to ride out the oil crisis than it was in the 2015-2016 downturn, as 82 percent of oil production has a short-run marginal cost – operating costs, taxes, OilPrice  

Natural Gas Price Forecast – Natural Gas Markets Slightly Bullish   Jun 04, 2020
Natural gas has been slightly bullish on Thursday, as we continue to dance around the 50 day EMA.It looks like we are building a larger “rounded bottom.” YAHOO!  

Proof of Harm To CA's Unborn From Proximity To Oil Wells Proves Need For Barrier Between Wells And People, Says Consumer Watchdog   Jun 04, 2020
Californians live within one mile of a well."Such babies face higher risks of developmental and health problems throughout their lives and the communities affected are predominantly low-income communities of color with a long legacy of extractive and polluting industries, YAHOO!  

Iran To Reach Production Target At World’s Largest Gas Field This Year   Jun 04, 2020
Iran is on track to reach the magic billion cubic metres per day milestone, and the South Pars gas field is instrumental in hitting this target OilPrice  

Canadian Crude Exports Drop 55% Following Oil Price Crash   Jun 04, 2020
The oil price and demand crash in April resulted in Canada’s energy exports plunging by the most on record, with crude oil exports plummeting by 55.1 percent OilPrice  

Oil’s Recovery Is Being Threatened by the Discord Rattling OPEC+   Jun 04, 2020
Oil’s recovery from a historic crash is being frustrated by a standoff between some of the world’s biggest crude producers.The OPEC+ alliance still hasn’t set a date for its next meeting that’s intend YAHOO!  

China’s Crude Oil Imports Rebound To Near Record High   Jun 04, 2020
China’s crude oil imports jumped by 13 percent from April to near record-highs of 11.11 million bpd in May, due to favorable spreads of the Shanghai-traded yuan-denominated oil futures and a ramp-up i OilPrice  

The Biggest Question For Oil Markets As Brent Breaks $40   Jun 04, 2020
With Brent breaking the $40 mark for the first time in months, producers must be careful not to let oil prices go too high too soon OilPrice  

Natural Gas Price Forecast – Natural Gas Markets Touch 50 Day EMA   Jun 04, 2020
Natural gas markets exploded to the upside during the trading session on Wednesday, reaching towards the 50 day EMA pulling back slightly. YAHOO!  

Saudi Arabia Raises Import Duty To Offset Plunging Oil Revenues   Jun 04, 2020
Saudi Arabia is looking to boost its non-oil revenues while its oil revenue is taking a hit in the low oil prices and is raising customs duties on hundreds of imported products as of June 10 OilPrice  

Exploratory drilling now exempt from federal environmental impact assessment   Jun 04, 2020
The federal government has announced a change it expects will help Newfoundland and Labrador's oil and gas industry as it struggles to stay on its feet. CBC.ca  

CRA Warning: We’re Taking Back Your Benefits   Jun 04, 2020
While everyone could use an extra $8,000, be warned: the CRA will come back for it if you don't fit exactly into the CERB's eligibility.The post CRA Warning: We’re Taking Back Your Benefits appeared first on The Motley Fool Canada. YAHOO!  

China Leads The Global Oil Demand Recovery   Jun 04, 2020
Global oil demand has improved over the past few weeks, led by China’s demand which has rebounded to 90 percent of its pre-coronavirus levels OilPrice  

Oil & Gas Still King Despite Renewable Hype   Jun 04, 2020
Renewables are often credited for taking out king coal, and while the revolution is in full swing, the death of coal is more likely due to the rise of U.S. shale OilPrice  

Hard-hit Canadian oil companies still waiting for Trudeau loans   Jun 04, 2020
WINNIPEG, Manitoba/TORONTO, June 4 (Reuters) - Canadian oil producers sideswiped by economic damage from the coronavirus pandemic have received no federal loans, seven weeks after the first lending program was announced, government and industry officials ... Reuters  

Dominion Energy Commits $5 Million to Social Justice, Community Rebuilding Efforts   Jun 04, 2020
Dominion Energy (NYSE: D) and its charitable foundation are committing $5 million to help community reconciliation and rebuilding across the company's 20-state footprint. The funds will support non-profit organizations advocating for social justice and equality. YAHOO!  

Mexico again extends timeframe for oil permits due to coronavirus   Jun 04, 2020
Mexico's oil regulator will allow energy firms more time to secure permits and plan approvals, it said in on Thursday, in effect extending a freeze on all deadlines until the government determines it is safe to resume official work. Reuters  

E-mini S&P 500 Index (ES) Futures Technical Analysis – Are Buyers Taking Breather Ahead of NFP?   Jun 04, 2020
Shortly before the cash market opening, the June E-mini S&P; 500 Index futures are trading inside yesterday’s range. This indicates investor indecision. YAHOO!  

US Senators Call For Tougher Sanctions On Nord Stream 2   Jun 04, 2020
U.S. Senators are set to announce this week a bill to expand sanctions on the Russia-led natural gas pipeline project Nord Stream 2 OilPrice  

Oil States International (OIS) Catches Eye: Stock Jumps 12.5%   Jun 04, 2020
Oil States International (OIS) saw a big move last session, as its shares jumped nearly 13% on the day, amid huge volumes. YAHOO!  

Bahrain To Speed Up Development Of Huge 80 Billion Barrel Oil Reserves   Jun 04, 2020
Bahrain has suffered from Saudi Arabia’s oil price wars, but the Kingdom is now looking to become more independent from its neighbour by rapidly developing its latest major oil find OilPrice  

Outlook For Oil Remains Grim Despite 90% Rally   Jun 04, 2020
It is true that demand for oil is improving, slowly, but improving after lockdowns started being lifted in Asia, Europe, and North America. China's oil demand, notably, has recovered to 90 percent of pre-crisis levels, OilPrice  

Big Oil Can Help Renewables by Spinning Them Off   Jun 04, 2020
Big Oil’s forays into renewable energy have drawn a lot of skepticism. Besides accusations of greenwashing, any oil CEO embracing energy transition must somehow convince investors to trust them puttin YAHOO!  

Oil Traders Ask Why U.S. Inventory Math Isn’t Adding Up   Jun 04, 2020
Oil traders and analysts scrutinizing U.S. inventory data for signs of a market recovery are being confronted by an odd situation: the math just doesn’t add up.Various government data sets including stockpiles, YAHOO!  

5 High-Flying Corporate Behemoths With More Upside Left   Jun 04, 2020
Wall Street has started June from where it ended May, with a lot of enthusiasm about long-term prospects and appetite for risky asset like equities. YAHOO!  

Oil Investors on Edge After OPEC+ Talks Hindered by Iraq Hurdle   Jun 04, 2020
(Bloomberg) -- Oil slipped after a long-running feud over Iraq and other laggard’s commitment to cuts rattled the OPEC+ alliance.Futures in New York fell 1.3% with OPEC+ still not confirming a date for its June meeting. YAHOO!  

$40 Oil In Sight As OPEC+ Considers Extension   Jun 04, 2020
Oil prices rose once again on rising odds of an OPEC+ extension. Brent is now nearing $40 per barrel, a remarkable comeback after crashing below $20 per barrel a little more than a month ago. Saudi Arabia and Russia near deal on extension. OilPrice  

UPDATE 1-Shell, Murphy evacuating non-essential workers from U.S. Gulf due to storm   Jun 04, 2020
HOUSTON, June 4 (Reuters) - Royal Dutch Shell Plc and Murphy Oil began evacuating non-essential workers from the U.S. Gulf of Me Reuters  

Arctic oil spill prompts Russia's Putin to declare emergency and slam slow response   Jun 04, 2020
A major oil spill in Siberia has prompted Russian President Vladimir Putin to declare a state of emergency in an environmentally sensitive Arctic region after publicly scolding local authorities for what he said was a botched response. Houston Chronicle  

Outlook for Oil & Gas Integrated International Industry Bright   Jun 04, 2020
The Zacks Oil and Gas Integrated International industry covers companies that are primarily involved in upstream, midstream and downstream businesses. These companies have upstream businesses in the United States (including prolific shale plays and deepwater Gulf of Mexico), YAHOO!  

Airlines, chemicals giants, and an oil field company – who has the Bank of England lent to?   Jun 04, 2020
The Bank of England has lent more than £16 billion to 53 major businesses in a bid to support them through the coronavirus crisis. The list, which raised protests from fair pay campaigners and environmental groups, YAHOO!  

Putin backs state of emergency after oil spill   Jun 04, 2020
Russian President Vladimir Putin criticized the bungled response to a fuel spill in a remote Arctic region, before declaring a state of emergency in the area. More than 20,000 tonnes of oil was released after a fuel tank lost pressure. Reuters  

Murphy Oil evacuating non-essential workers from Gulf of Mexico due to storm   Jun 04, 2020
Murphy Oil began evacuating non-essential workers from the U.S. Gulf of Mexico on Thursday because of the threat from Tropical Storm Cristobal. Reuters  

What's Holding Natural Gas Prices Back?   Jun 04, 2020
Natural gas prices are languishing and the supply glut has become so bad that even a leading producer turning off the taps has done little to boost prices OilPrice  

Saudi Arabia Could Set Trend For Higher Oil Prices In June   Jun 04, 2020
Saudi Arabia is likely to increase the price for its oil bound for Asia in July, a Reuters survey of five refinery sources showed on Monday OilPrice  

Change in Oxy severance plan may spark sale speculation, KeyBanc says   Jun 04, 2020
Occidental Petroleum's (OXY -1.5%) change in its control severance plan for executives, disclosed in an SEC filing, could lead to renewed speculation on a potential sale of the company, given Carl Ica Seeking Alpha  

Will Exxon's Next Mega Project Get The Go Ahead?   Jun 04, 2020
The supermajor postponed the FID on the Rovuma project in March as part of wider measures to combat the effects of the oil price crash. Now, oil prices are on the road to recovery, but there is more pain ahead for LNG, OilPrice  

Big Banks in Canada See a Surge in Energy Loans   Jun 04, 2020
(Bloomberg) -- Canadian banks’ exposure to oil-and-gas loans has surged to a record as energy firms tapped credit lines to combat plunging oil prices.Energy loans at the country’s six largest lenders jumped 23% to C$71. YAHOO!  

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