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Petro River Oil Corp. Provides Update on Horizon Energy Partners’ Oil & Gas Interests Adjacent to Wytch Farm NEW YORK, NY, December 21, 2015 – Petro River Oil Corp. (OTCBB: PTRCD) (OTCBB: PTRC) (“Petro River” or the “Company”), today provided an update from Horizon Energy Partners, LLC (“Horizon Energy”) regarding the development progress of two …
“WE’VE shown what’s possible when the world stands as one,” declared Barack Obama after UN climate talks in Paris ended with an agreement on December 12th. “Our collective effort is worth more than the sum of our individual effort,” said Laurent Fabius, France’s foreign minister, who oversaw the talks. “I can go back home to …
Summary U.S. crude oil production peaked earlier in 2015 at 9.6M BBL/d and is now on a steepening decline curve. World oil over-supply is estimated at 1.5M BBL/d, and Saudi Arabia is said to be increasing production as oil prices decline to regain market share. As U.S. shale oil drillers struggle to survive in this …
Summary Up through last week, the West Texas Intermediate Crude price had fallen to 40 dollars per barrel, putting it close to the sorts of prices we saw during the dark days of the last recession. Yes, all things being equal, falling oil prices would free up funds for other types of spending. But when …
Lawmakers in Washington are pushing a tax break for oil refiners as part of a compromise allowing unfettered crude-oil exports for the first time in 40 years. Sen. Tom Carper, D-Del., proposed a tax credit of up to $3 a barrel to independent refiners that would be harmed if Congress abolishes U.S. crude-export restrictions. A …
With the rise of Islamic extremism in the Middle East and Daesh (or ISIS, ISIL, IS, or whatever you want to call it) in control of oil fields in Iraq, one of the biggest surprises this year has been the plunge in oil prices. Although the decline actually began during the second half of last …
Summary Oil traders are panicking. Take advantage. 3 billion barrels in storage seems like a lot. It is not. Demand is increasing supply is not. Geopolitical risks are totally priced out of the market. I expect a 50% rise in oil prices in 2016. Oil is mispriced under $40, especially for 2016 The price for …
Even as crude prices stumble, Dallas pipeline company EnLink Midsteam and its partner company Devon Energy are betting $3.5 billion is a bargain in Oklahoma’s oil and gas fields right now. The two companies – which merged in 2014 but maintain separate operations in Dallas and Oklahoma City – announced Monday they were buying both a …
In a report shared with investors on Monday, 7 December, Eland Oil Gas PLC (LON:ELA) stock had its Buy Rating kept by equity analysts at Panmure Gordon. Panmure Gordon now has a GBX 130.00 TP on the 52.84M GBP market cap company or 257.34% upside potential. Nostrum Oil & Gas PLC (LON:NOG) traded up 0.8788% …
New York State’s pension fund launched a $2 billion low-carbon index which will exclude or reduce investment in high-emitting industries such as coal mining, the State Comptroller said on Friday. Launching the scheme from the global climate summit in Paris Thomas P. DiNapoli said: “Low-carbon, sustainable investments are key to our future …and this expansion …