Oil and Gas Stocks

NZX oil & gas stocks in news as oil prices drop on recession fears

  • September 07, 2022 08:09 PM NZST | Manika
 NZX oil & gas stocks in news as oil prices drop on recession fears

Volatility in oil prices has had an impact on oil and gas stocks These companies declared their earnings, reflecting the movement of oil prices CHI and ALD announced their half-year results, but NZO declared its full-year results in August

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Is energy market in a commodity bubble, or are fundamentals supporting prices?

Is energy market in a commodity bubble, or are fundamentals supporting prices?

Electric vehicles are gaining popularity worldwide as they have evolved technologically to offer better range at competitive prices without compromising on looks or features. Interestingly, the first electric car dates back to the 1800s and ...

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Joe Biden urges OPEC+ to increase oil production to curb rising prices

Joe Biden urges OPEC+ to increase oil production to curb rising prices

Summary White House has called on OPEC+ to bolster crude oil production to ease the pressure of rising fuel prices. The soaring gasoline prices are proving to be a hindrance to the economic recovery worldwide. The oil cartel had put a ...

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Oversupply fears drag Crude oil prices; 3 ASX oil stocks under lens

Oversupply fears drag Crude oil prices; 3 ASX oil stocks under lens

Summary OPEC and U.A.E reached a truce when latter’s demand to boost oil supply got a nod from the member nations. Oil prices slipped amidst fear of an increase in supply; WTI futures dropped to ~US$71/bbl while Brent August contr ...

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OPEC+ readies to boost production to meet global demand; ASX O&G shares in focus

OPEC+ readies to boost production to meet global demand; ASX O&G shares in focus

Summary Saudi Arabia and Russia are in favour of adding 0.4Mbbl/day of crude oil from August 2021 to support the global demand. The benchmarks- WTI & Brent are trading above US$75/bbl as the OPEC+ meeting extends for the second day. ...

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Exxon Mobil, Chevron Shares Decline Despite Reporting Quarterly Profits

Exxon Mobil, Chevron Shares Decline Despite Reporting Quarterly Profits

Shares of oil and gas majors Exxon Mobil Corporation (NYSE: XOM) and Chevron Corporation (NYSE: CVX) fell on April 30 after both the companies reported profit in their first quarter of 2021. Exxon Mobil had been reporting loss in the last ...

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Will Egypt's Suez Canal Blockage Impact Canada?

Will Egypt's Suez Canal Blockage Impact Canada?

  • March 24, 2021 11:12 PM NZDT | Anuj

Source: Oil and Gas Photographer, Shutterstock Suez Canal, the world’s busiest waterway, went standstill after a gigantic container vessel was stranded on Tuesday, March 23. This blockage may lead to severe disruptions across the glo ...

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Oil Demand Won’t Rebound To Pre-COVID Level Until 2023, Says IEA

Oil Demand Won’t Rebound To Pre-COVID Level Until 2023, Says IEA

  • March 18, 2021 04:04 AM NZDT | Anuj

Source: Anan Kaewkhammul, Shutterstock The International Energy Agency (IEA) has projected that global oil demand will not attain its pre-coronavirus levels until 2023. The agency estimates an average fuel consumption of over 101 million b ...

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Millions Living In Dark As US Energy Crisis Intensifies

Millions Living In Dark As US Energy Crisis Intensifies

announces emergency aid as Weather Dept. says cold condition to remain for next few days. Millions of people in the US were facing prolonged blackouts and heating fuel shortage amid an unprecedented cold blitz that swept through North ...

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Keystone XL Scrapped: Trudeau, Biden Govts Off To Rough Start?

Keystone XL Scrapped: Trudeau, Biden Govts Off To Rough Start?

As promised by Joe Biden and feared by Canadian oil producers, the brand new US president overturned Donald Trump’s permit for Keystone XL pipeline construction hours after taking office. This has led to many experts questioning wheth ...

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IEA Slashes Global Oil Demand For 2021 Over Renewed Lockdowns

IEA Slashes Global Oil Demand For 2021 Over Renewed Lockdowns

The International Energy Agency (IEA) has cut down its previous estimates for global oil demand due to the fresh wave of COVID-19-led lockdowns. The international agency reduced the projected global oil demand growth for the present quarte ...

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