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Is It Time To Buy Oil And Gas Pipeline Stocks? May 26, 2022
This month we are taking another look at pipelines, specifically those used to transport oil and gas from the field to refineries. There is an odd disparity in the fortunes of these companies and the refiners we looked at last month, Valero Energy and Phillips 66, (NYSE:PSX). Refiners have continued a relentless upward march month […]
How Would A Carbon Tax Impact The Steel Industry? May 26, 2022
Global public opinion seems divided on whether or not to impose a “carbon tax” on the metal and mining sector. This goes double for steel. Depending on which side you’re listening to at a given moment, you’ll get very different opinions on the matter. Many economists, environmentalists, and the general public welcome the idea. The […]
OPEC+ Unlikely To Boost Oil Production More Than Planned May 26, 2022
The OPEC+ group is expected to rubberstamp next week its moderate monthly increases in oil production when it decides output levels for July, six sources at OPEC+ told Reuters on Thursday. OPEC+, led by Saudi Arabia and Russia, has not changed course since it decided last year to gradually return supply to the market, and […]
Oil Prices Rally On Robust Demand Outlook May 26, 2022
Oil prices rose early on Thursday, extending this week’s gains, as demand looks strong with the U.S. driving season starting and Shanghai in China gradually reopening after two months of strict lockdowns. As of 10:51 a.m. on Thursday, WTI Crude prices were up 3.17% at $113.69 and the international benchmark, Brent Crude, had risen by […]