Z Energy shares on rise after several lows in 2020

• December 02, 2020 04:07 PM NZDT
• Kunal Sawhney

As a pledge to reduce carbon emission, BHP (ASX:BHP), a global resource company with dual listing in the UK and Australia, has signed an agreement with Shell to fuel five LNG powered Newcastlemax bulk carriers. LNG powered carrier vessels which BH...

• November 23, 2020 07:01 PM NZDT
• Team Kalkine

The NZX-listed New Zealand Refining Company Limited (NZX:NZR) recently announced its refining simplification plans to extend cash neutral operations at the fee floor into 2021. Job Cuts and Reduced Oil Production in Q1FY2021 Nearly 90 employees of ...

• November 05, 2020 06:38 PM NZDT
• Team Kalkine

OMV New Zealand is a subsidiary entity of the Vienna domiciled oil and gas conglomerate OMV Group (VIE:OMV) listed on VIE (Vienna Stock Exchange). OMV shares were at EUR 21.48, up by 0.56% from its last close, as on 4 November 2020. As per the la...

• October 10, 2020 07:44 AM NZDT
• Team Kalkine

Summary OPEC+ insists on maintaining the production cuts, strict message delivered to the member countries during JMMC meet. New Zealand imported over 26.11 million barrels of crude oil during H1 2020, 13% lower y-o-y, mostly due to pandemic re...

• October 09, 2020 10:48 PM NZDT
• Team Kalkine

New Zealand happens to be a fast-emerging producer of oil and gas with several under-explored basins as well as substantial petroleum potential. The Government’s long-term strategy is to boost the value of the country’s petroleum exports ...

• September 18, 2020 07:57 PM NZST
• Team Kalkine

U.S. crude oil stockpiles are declining as imports from Saudi Arabia are declining and exports rising. The exports have increased by 1.2 million barrels per day, with China being the major consumer. China has imported nearly 1 million barrels per d...

• August 06, 2020 10:14 PM NZST
• Team Kalkine

Summary Oil majors BP & RDSA have vowed to reduce carbon footprint by 2050 Supermarket operators SBRY & TSCO are likely to become carbon neutral in the next few decades There are some sectors where reducing carbon footprint still seems...

• July 26, 2020 12:00 AM NZST
• Team Kalkine

Summary Oil market has been one of the hardest-hit markets, owing to the COVID-19 outbreak and its aftermaths as travel ban and nationwide lockdown, impacting the demand for retail fuel considerably, especially for jet fuels. West Texas Interme...

• June 18, 2020 06:30 PM NZST
• Team Kalkine

Brent crude oil futures has seen a price gain of over 171.0 percent, surging from the level of USD 15.98 (intraday low on 22 April 2020) to the level of USD 43.41 (intraday high on 8 June 2020). Thanks to the rally in crude oil prices, Oil and gas ...

• May 05, 2020 02:32 PM NZST
• Team Kalkine

The sharp decline in energy demand and prices raises many questions about how Covid-19 will affect energy consumption in the medium and long term. Demand is being destroyed at a rapid rate as people cut back on driving and flying, as stores and resta...