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Oil Price Fundamental Daily Forecast – Bearish Factors Piling Up Ahead of API Inventories Report   Jun 30, 2020
Prices could fall sharply lower if there is another inventory build because of the already existing oversupply concerns. YAHOO!  

Why The World’s Central Banks Aren’t Fully Sold On Renewables   Jun 30, 2020
The world’s central banks are only committing a small percentage of investment to renewable energy and continue to bail out oil and gas with billions of dollars OilPrice  

Oil giants pull market lower after Shell reveals £18bn hit   Jun 30, 2020
Investors in oil giant Shell sent the FTSE 100 tumbling on Tuesday as London’s top index lagged far behind many of its global counterparts. The oil company’s share price suffered a sharp fall after it announced plans to slash up to 22 billion US ... YAHOO!  

ExxonMobil, Employees and Retirees Contribute More Than $3 Million to Louisiana Colleges and Universities   Jun 30, 2020
About the ExxonMobil Foundation The ExxonMobil Foundation is the primary philanthropic arm of Exxon Mobil Corporation (NYSE:XOM) in the United States. In 2019, the ExxonMobil Foundation ... YAHOO!  

Alberta Lays Out Plan To Recover From Oil Price Collapse   Jun 30, 2020
Alberta's Conservative government is taking steps to jumpstart an economic recovery with a blueprint it released yesterday, which involves billions in infrastructure investment and a tax cut, among ot YAHOO!  

Oil’s Rebound From Historic Crash Brings Best Quarter Since 1990   Jun 30, 2020
After posting its worst quarter on record, oil’s now headed for its best three months in 30 years as it bounces back from this year’s historic crash. Yet the rebound remains tenuous.Futures in New York have almost doubled in value this quarter, YAHOO!  

'Arrogant' Exxon resists asset writedowns despite weak energy prices - WSJ   Jun 30, 2020
While rivals including Shell and BP take multibillion-dollar impairments as a coronavirus induced economic slowdown weighs an already struggling shale sector, Exxon Mobil (XOM -1%) has yet to write do Seeking Alpha  

Service NB's assessment on latest Irving Oil headquarters differs from newly built schools   Jun 30, 2020
Service New Brunswick's decision to value Irving Oil's new headquarters building for property taxes as being worth at least $30 million less than it cost to build, is a mystery in Saint John made deeper by other buildings the agency has recently valued at or near their full construction cost. CBC.ca  

Dividend Growth 50: Big Income Growth, Minimal Pandemic Peril   Jun 30, 2020
The DG50 experienced no coronavirus-related dividend cuts during the first half of 2020. Year-over-year growth of the portfolio's income stream was outstanding. Seeking Alpha  

Petronet says Qatargas, Exxon objected to force majeure on LNG imports   Jun 30, 2020
India's top gas importer Petronet LNG said on Tuesday suppliers Qatargas and Exxon Mobil Corp objected to the force majeure it invoked in March after local demand slumped because of lockdowns to stem the spread of COVID-19. Reuters  

‘The days of $100 a barrel oil are over’ as demand continues to wane: Bubba Trading Founder   Jun 30, 2020
Oil giant Royal Dutch Shell will write down $22 billion in assets over the coronavirus crisis. Bubba Trading Founder Todd Horwitz joins Yahoo Finance’s On The Move panel to assess the state of oil markets. YAHOO!  

ConocoPhillips deploys Mendix low-code tech for oil operations   Jun 30, 2020
ConocoPhillips (COP -0.9%) has deployed the Mendix low-code platform to cut costs and increase efficiency, making it the first major oil and gas producer to use such technology across the company.Mend Seeking Alpha  

Southern Gas Association Launches Four Inclusion Initiatives to Promote Change   Jun 30, 2020
We will use the strength of our resources and collective knowledge to promote change Today, the Southern Gas Association (SGA) announced the launch of four inclusion initiatives to promote change and help end systemic racism. YAHOO!  

Shell Warns of Record Writedown as Virus Curbs Oil Demand   Jun 30, 2020
Royal Dutch Shell Plc said it will write down between $15 billion and $22 billion in the second quarter, as the company gave investors a wider glimpse of just how severely the coronavirus crisis has hit Big Oil. YAHOO!  

India's top gas importer close to long-term deal around spot prices   Jun 30, 2020
India's top gas importer Petronet LNG will soon finalise a deal to import at least 1 million tonnes per annum (mtpa) of liquefied natural gas with prices near the spot markets, its chief executive Prabhat Singh said on Tuesday. YAHOO!  

Range Resources: An Interesting And Potentially Profitable Play For The Current Environment   Jun 30, 2020
Range Resources is one of the most significant natural gas producers in the United States. The company owns considerable acreage in the very natural gas-rich ba Seeking Alpha  

Guyana asks World Court to confirm border with Venezuela   Jun 30, 2020
Guyana on Tuesday asked the World Court to confirm the demarcation of its land border with Venezuela, part of a long-running dispute between the South American neighbours with potential implications for offshore oil rights. Reuters  

Chemical EOR Market based on Latest Study of Potential Growth Challenges and Future Innovation till 2029.   Jun 30, 2020
Market.us research industry gives a complete investigation of the global Chemical EOR market for the predicted forecast period 2020-2029. The Chemical EOR market research study delivers deep insights into the various market segments based on end-use, Associated Press  

Saudi Oil Cuts Take Seven Supertankers a Day Off the Market   Jun 30, 2020
Saudi Arabia seems to have made good on its promise to cut oil production by a record amount in June.Observed Saudi crude exports for this month fell to 5.7 million barrels a day through June 29, the lowest since Bloomberg began tracking the flows at the start of 2017. YAHOO!  

Libya's Oil Blockade Could Soon Come To An End   Jun 30, 2020
The leaders of groups affiliated with the Libyan National Army have offered to lift a blockade on oil export terminals that started in January OilPrice  

Venezuela sanctions set off fight for 'plundered' oil cargo   Jun 30, 2020
For two months, the Malta-flagged oil tanker Alkimos has been quietly floating off the Gulf Coast of Texas, undisturbed by the high-stakes legal fight playing out in a federal courtroom as a result of American sanctions on Venezuela. CTV News  

ExxonMobil, Employees and Retirees Contribute More Than $3.3 Million to Pennsylvania Colleges and Universities   Jun 30, 2020
ExxonMobil, Employees and Retirees Contribute More Than $3.3 Million to Pennsylvania Colleges and Universities YAHOO!  

OPEC, Russia seen easing oil production cuts from August - sources   Jun 30, 2020
OPEC and Russia will likely ease record oil production cuts from August as global oil demand recovers and prices have bounced back from their lows, four OPEC+ sources told Reuters. Reuters  

U.S. natgas futures eye best quarter since end-2016   Jun 30, 2020
U.S. natural gas futures on Tuesday extended gains after posting their biggest daily jump in 1-1/2 years in the last session as forecasts for warmer weather increased cooling demand, setting the contract on path for its best quarter since end-2016. Reuters  

Conoco to Bring Back Curtailed Oil Output in Response to Rally   Jun 30, 2020
ConocoPhillips said it will begin restoring curtailed oil production in July as crude prices rebound from their lockdown depths. Bloomberg  

ConocoPhillips to bring back some curtailed production   Jun 30, 2020
U.S. shale drillers had to cut supply by roughly 2 million barrels per day to counter a historic crude price crash stemming from low demand caused by coronavirus-induced lockdowns and a price war between top producers. YAHOO!  

Enterprise signs long-term agreement for PDH 2 facility   Jun 30, 2020
One of the affiliates of Enterprise Products Partners L.P. (NYSE:EPD) inked a long-term agreement with Marubeni Corporation to supply polymer grade propylene (PGP) from the partnership’s seco Seeking Alpha  

Shell Warns Of Massive $22 Billion Write Down After Oil Crash   Jun 30, 2020
Royal Dutch Shell warned on Tuesday it could take as much as a $22-billion post-tax impairment charge for Q2, becoming the latest oil major warning of a massive write-down of its assets OilPrice  

Oil & Gas Stock Roundup: Chesapeake's Bankruptcy, Eni's Renewable Push & More   Jun 30, 2020
The long struggling shale pioneer Chesapeake Energy (CHK) filed for Chapter 11 bankruptcy protection, while Italy's Eni SpA (E) acquired three wind farm projects. YAHOO!  

BRIEF-Some Accountants Filed SEC Complaint Saying Exxon Should Write Down Value Of XTO Energy - WSJ   Jun 30, 2020
SOME ACCOUNTANTS FILED SEC COMPLAINT SAYING EXXON SHOULD WRITE DOWN VALUE OF XTO ENERGY; EXXON SAYS IT IS IN COMPLIANCE WITH STANDARDS - WSJ Source text : on.wsj.com/2CW5k4H Further company coverage: Our Standards:The Thomson Reuters Trust Principles. Reuters  

Take Advantage Of The 2-Month Rally And Sell Nabors Industries   Jun 30, 2020
NBR has quadrupled in about two months thanks to the impressive rally of the price of oil. However, the company is poised to incur losses for a seventh consecut Seeking Alpha  

Enterprise Enters Into Long-Term Agreement for PDH 2 Facility   Jun 30, 2020
Enterprise Products Partners L.P. (NYSE:EPD) today announced that one of its affiliates has executed a long-term agreement with Marubeni Corporation to supply polymer grade propylene ("PGP") from the partnership’s second propane dehydrogenation plant ("PDH 2"), YAHOO!  

US Oil & Gas Rig Tally Hits Record Lows for 8 Straight Weeks   Jun 30, 2020
If the crude price recovery sustains, since more people are getting back to work on easing lockdown measures, many explorers will consider adding rigs in oil plays. YAHOO!  

TSX futures drop on weaker oil prices   Jun 30, 2020
Canada's main stock index futures fell on Tuesday, dragged down by weaker oil prices on the back of rising coronavirus cases and simmering U.S.-China tensions. Reuters  

WIND Ventures Partners with Plug and Play's Energy Innovation Platform   Jun 30, 2020
WIND Ventures, since 2019 the corporate venture capital arm of Copec, a leading energy and mobility company throughout Latin America and the Southeast United States, has partnered with global innovation platform, YAHOO!  

CRA’s CERB Will End: How to Keep the Passive Income Coming   Jun 30, 2020
The CERB is going to end. However, your passive income will keep coming if you do this. The post CRA’s CERB Will End: How to Keep the Passive Income Coming appeared first on The Motley Fool Canada. YAHOO!  

BHP Overstayed in Petroleum. Time to Exit   Jun 30, 2020
BHP Group’s future can do without hydrocarbons.The world’s largest digger is among the last heavyweights to mix mines with a significant presence in oil, a combination that is becoming harder to justify over the long term. YAHOO!  

Israel's Leviathan to sell $55 mln in natural gas to Haifa Group   Jun 30, 2020
The partners in Israel's Leviathan natural gas field have agreed to supply $55 million in gas to the Haifa Group over five years, the companies said on Tuesday. Reuters  

Turkey's Botas cuts natural gas price for industry - energy minister   Jun 30, 2020
Turkish state energy company Botas has cut natural gas prices for the industrial sector by up to 12.5%, Energy Minister Fatih Donmez said on Tuesday. Reuters  

Noble Energy sinks as Israeli partner sees big drop in Q2 gas volumes   Jun 30, 2020
(NBL -4.6%) plunges as much as 7% to its lowest since May 15 after Delek Drilling (OTCPK:DGRLY), its partner at the Leviathan and Tamar offshore natural gas fields, disclosed it expects Q Seeking Alpha  

New Study: Refrigeration Oil Market Comprehensive Analysis Along With Trends, Restraints, Recent Development and Leading Growth Drivers   Jun 30, 2020
The Refrigeration Oil Market research provides a brief analysis comprising both primary and secondary research. The report provides the perception of all the key factors somehow affecting Refrigeration Oil Market. Associated Press  

Global OCTG Market Worth $22.5 Billion by 2024 - Sudden Outbreak of COVID-19 Leading to a Decline in the Exploration and Production of Oil & Gas   Jun 30, 2020
Market: Insights & Forecast with Potential Impact of COVID-19 (2020-2024)" report has been added to ResearchAndMarkets.com's offering. The global OCTG market is expected to record a value of US$22.52 billion in 2024, YAHOO!  

Energy Transfer And Enterprise Products Partners: On Sale With An Explosive Yield   Jun 30, 2020
We think the pipeline MLPs are value traps with little or no upside outside of their current trading range. There are structural problems in the fundamental the Seeking Alpha  

Exxon Mobil (XOM) Outpaces Stock Market Gains: What You Should Know   Jun 30, 2020
Exxon Mobil (XOM) closed at $44.32 in the latest trading session, marking a +1.6% move from the prior day. This move outpaced the S&P 500's daily gain of 1.47%. Meanwhile, the Dow gained 2.32%, and the Nasdaq, YAHOO!  

Hawthorne Energy Announces Commitment From Carnelian Energy Capital   Jun 30, 2020
Hawthorne Energy, LLC (“Hawthorne”) today announced the closing of an equity commitment from Carnelian Energy Capital III, L.P., an investment fund managed by Carnelian Energy Capital Management, L.P. Associated Press  

Occidental Petroleum extends bid deadline for Wyoming, Colorado land   Jun 30, 2020
(Reuters) - Troubled Occidental Petroleum Corp has given the state of Wyoming until July 8 to bid on the land and minerals it is selling in Wyoming and Colorado, the Wyoming governor’s office said. Reuters  

Shell Gives First Glimpse of How Pandemic Hammered Big Oil   Jun 30, 2020
Royal Dutch Shell Plc reported a slew of bad figures across its business, giving investors a first glimpse of just how severely the coronavirus crisis hit Big Oil in the second quarter.The pandemic left no part of the energy giant’s sprawling business unscathed. YAHOO!  

Hedge Funds Score Big Gains on Dividend Bets That Hurt Banks   Jun 30, 2020
One of the largest financial market dislocations of the Covid-19 era has generated big gains for hedge funds that bet the turmoil would prove short-lived. Bloomberg  

Oil Gains Ground As Traders Shrug Off Virus Fears   Jun 30, 2020
The number of U.S. rigs drilling for oil also declined by 1 to 188. The number of active rigs plummeted since the beginning of the coronavirus crisis and had a significant negative impact on U.S. domestic oil production. YAHOO!  

Alaskan officials approve BP's sale of oil leases to Hilcorp   Jun 30, 2020
Alaskan officials on Monday approved BP Plc's sale of its oil and gas leases in the state to closely held Hilcorp Energy Co. as part of a previously announced $5.6 billion deal. Reuters  

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