Oil Bulls Remain Confident Despite Covid Concerns oilprice.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oilprice.com Daily Mail and Mail on Sunday newspapers.
Provided by Dow Jones
Jul 29, 2021 4:15 AM UTC
Oil prices settle at 2-week high as U.S. crude supplies fall and gasoline demand stays strong Oil futures post their highest finish in two weeks on Wednesday, buoyed by a weekly decline U.S. crude inventories and ongoing strength in implied demand for gasoline. However, concerns that renewed restrictions tied to the spread of the coronavirus delta variant will lead to less fuel demand limit oil s price rise.
Analysts Expect 43 Billion-Cubic-Foot Rise in U.S. Natural-Gas Inventories U.S. government natural-gas data due Thursday are expected to show inventories increased last week by 43 billion cubic feet an above-normal amount for this time of year.
Provided by Dow Jones
Oil prices end lower on demand risks tied to spread of coronavirus delta variant Oil futures settle lower Tuesday as traders weigh worries over the delta variant of the coronavirus that causes COVID-19 and its impact on the economy, and energy demand.
U.S. Crude-Oil Stockpiles Likely to Fall in DOE Data, Analysts Say U.S. crude-oil stockpiles are expected to decrease from the previous week by 2.2 million barrels while gasoline stockpiles are expected to fall by 1 million barrels in data due Wednesday from the U.S. Energy Department, according to a survey of analysts and traders.
27 July 2021 20:48 GMT Updated 27 July 2021 20:52 GMT
The American arm of oil supermajor Shell has finalised a deal to take over residential renewables retailer Inspire Energy as part of wider plans to expand its clean-power and low-carbon portfolio in the US.
The acquisition of California-headquartered Inspire, which has 235,000 residential customers in the states including Massachusetts, Maryland, New Jersey, New York, and Washington DC, aims to “augment” Shell New Energies US’ existing market position as a home power supplier alongside MP2 Energy, bought by Shell Energy North America in 2017.
“Our goal is to become a major provider of renewable and low-carbon energy and this acquisition moves a step closer to achieving that,” said Elizabeth Brinton, Shell’s executive vice president of renewable and energy solutions.
Energy Marketing Conferences announced today the nominees for the Retail Energy Provider of the Year Award as well as the Most Innovative Marketer Award texasguardian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from texasguardian.com Daily Mail and Mail on Sunday newspapers.