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Mostrando las entradas de febrero, 2021

OIL PRICE INTELLIGENCE REPORT

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 Investor Alert! Oilfield service giants are looking like an increasingly good investment as oil prices rebound. Read our latest Global Energy Alert investment column to get the full breakdown of what to watch... Chart of the Week -    The Texas blackouts came from a steep drop in generation from gas, coal, wind and nuclear power.  -    Natural gas typically can supply 40 GW of capacity at peak periods, but frozen gas lines, wellheads, and other damage to infrastructure led to widespread outages.  -    The mismatch between supply and demand grew to as much as 30 GW on February 15.  Market Movers -    SunPower (NASDAQ: SPWR) was downgraded by Credit Suisse to Underperform. The solar company’s stock sank by 9.6% during midday trading on Monday.  -    Electric truck maker Xos will go public with a blank-check SPAC, valued at $2 billion.  -    Mizuho Securities downgraded Sunoco (NYSE: SUN) to Neutral from Buy.  Tuesday, February 23, 2021  Oil prices were off a bit in early trading on Tues

OIL PRICE INTELLIGENCE REPORT

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 Investor Alert! Oilfield service giants are looking like an increasingly good investment as oil prices rebound. Read our latest Global Energy Alert investment column to get the full breakdown of what to watch... Chart of the Week -    The Texas blackouts came from a steep drop in generation from gas, coal, wind and nuclear power.  -    Natural gas typically can supply 40 GW of capacity at peak periods, but frozen gas lines, wellheads, and other damage to infrastructure led to widespread outages.  -    The mismatch between supply and demand grew to as much as 30 GW on February 15.  Market Movers -    SunPower (NASDAQ: SPWR) was downgraded by Credit Suisse to Underperform. The solar company’s stock sank by 9.6% during midday trading on Monday.  -    Electric truck maker Xos will go public with a blank-check SPAC, valued at $2 billion.  -    Mizuho Securities downgraded Sunoco (NYSE: SUN) to Neutral from Buy.  Tuesday, February 23, 2021  Oil prices were off a bit in early tradi

RETENCIONES A LA EXPORTACIÓN DE PETRÓLEO by ADN Sur

 COMODORO RIVADAVIA (ADNSUR) - Para febrero, la cotización de referencia en el país será de 56,71 dólares por barril, mientras que en enero fue de 50,90, según las fórmulas de cálculo que quedaron establecidas en el decreto 488/2020, que reactivó el “barril criollo” y reguló el gravamen sobre las ventas externas. Con el precio internacional del crudo en un ciclo positivo, lentamente se activan los mecanismos vigentes para captar parte de la renta generada por la exportación de crudo, que se intensificó desde casi todas las cuencas del país el año pasado, frente a la caída del mercado interno, pero que sigue teniendo a Chubut como principal exportadora. En ese marco, el sistema de retenciones está activo a través del decreto 488, que el año pasado restableció el “barril criollo” para fijar un piso de 45 dólares por barril, cuando la cotización internacional estaba por debajo de ese valor. Al superar los 45 dólares, pero manteniéndose por debajo de 60 dólares, la alícuota de retenciones

OIL & ENERGY INSIDER

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  Dear Member ,   Greetings from London. Analysts are divided over whether oil prices can continue to climb, with WTI nearing $60 and profit-taking having begun. With 2021 shaping up to be one of the most important years for the energy sector in modern history, there is no better time to become an Oilprice.com premium member. Sign up today to get breaking news, expert analysis, and trading tips. Friday, February 12th, 2021 Brent held above $61 per barrel in early trading on Friday, despite some headwinds from a slight strengthening of the dollar. Analysts are now split on whether or not the rally has gone too far or has more room to run. OPEC cuts oil demand forecast. OPEC expects oil demand to rise by 5.8 million barrels per day (bpd) this year, down by around 100,000 bpd from last month’s projection due to lockdowns in major developed economies in the first half of this year, the cartel said on Thursday. EIA: U.S. shale to grow. The EIA said that with WTI over $50, U.S. shale will re

OIL & ENERGY INSIDER

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  Dear Member ,   Greetings from London. Analysts are divided over whether oil prices can continue to climb, with WTI nearing $60 and profit-taking having begun. With 2021 shaping up to be one of the most important years for the energy sector in modern history, there is no better time to become an Oilprice.com premium member. Sign up today to get breaking news, expert analysis, and trading tips. Friday, February 12th, 2021 Brent held above $61 per barrel in early trading on Friday, despite some headwinds from a slight strengthening of the dollar. Analysts are now split on whether or not the rally has gone too far or has more room to run. OPEC cuts oil demand forecast. OPEC expects oil demand to rise by 5.8 million barrels per day (bpd) this year, down by around 100,000 bpd from last month’s projection due to lockdowns in major developed economies in the first half of this year, the cartel said on Thursday. EIA: U.S. shale to grow. The EIA said that with WTI over $50, U.S. shale will re

OIL PRICE INTELLIGENCE REPORT

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  Investor Alert!  Oilfield service giants are looking like an increasingly good investment as oil prices rebound.  Read our latest Global Energy Alert investment column  to get the full breakdown of what to watch... Chart of the Week -    The  EIA  sees U.S. oil production returning to 2019 levels by 2023 and then remaining between 13 and 14 mb/d through 2050. -    The agency sees Brent prices rising from an average of $42 per barrel in 2020 to as high as $73 per barrel by 2030 and $95 per barrel by 2050. -    The Permian remains the dominant source of new production in the years ahead.  Market Movers -     ExxonMobil (NYSE: XOM)  cut  production in Guyana due to a gas compressor failure.  -    A federal court  rejected  a bid from Indigenous tribes to halt the construction of  Enbridge’s (NYSE: ENB)  Line 3 pipeline. -     Cenovus Energy (NYSE: CVE)  reported  a $153 million fourth-quarter loss.  Tuesday, February 9, 2021  Brent topped $60 per barrel on Monday, hitting a fresh high.