Ovintiv Inc. (NYSE:OVV) ranks among the best energy stocks with huge upside potential. William Blair started tracking Ovintiv Inc. (NYSE:OVV) on November 26 with an Outperform rating and a $50 price target. The firm highlighted the company’s recent acquisition of NuVista as a positive driver, pointing out that it “accretively adds core liquids inventory with potential for incremental synergies.” Pixabay/Public Domain The acquisition will add around 930 net well placements, each equivalent to 10,000 feet ...

EnglishItalianoEspañolPortuguêsDeutschالعربيةFrançaisImportant DisclaimersFXEmpire is owned and operated by Empire Media Network LTD., Company Registration Number 514641786, registered at 7 Jabotinsky Road, Ramat Gan 5252007, Israel. The content provided on this website includes general news and publications, our personal analysis and opinions, and materials provided by third parties. This content is intended for educational and research purposes only. It does not constitute, and should not be interpreted a ...

The world’s biggest private equity groups are investing in infrastructure assets of the national oil companies of the Middle East as Saudi Arabia and the United Arab Emirates (UAE) opened their pipeline networks to foreign capital. Private equity giants are now seeking a slice of the infrastructure assets of the international majors in deals that would give Big Oil funds to reinvest in oil and gas production. These days, amid lower oil prices and continued reluctance of public-market investors despite the ...

Vancouver, British Columbia--(Newsfile Corp. - December 2, 2025) - Rusoro Mining Ltd. (TSXV: RML) (the "Company" or "Rusoro") announces that on November 29, 2025, the U.S. District Court for the District of Delaware, acting through U.S. Circuit Judge Leonard P. Stark, issued an order ("Sale Order") authorizing the sale of the shares of PDV Holding, Inc. ("PDVH"), a U.S. subsidiary of the Venezuelan national oil and gas company, Petróleos de Venezuela, S.A. ("PDVSA") and the indirect 100% owner of Citgo Pet ...

Core Insights - Oil and gasoline prices are projected to decline in the upcoming year, with Brent crude oil expected to drop from $69 per barrel in 2025 to $55 per barrel in 2026, significantly lower than the $81 per barrel in 2024 [1] - Retail gas prices are anticipated to decrease from an average of $3.10 per gallon this year to $3 per gallon in 2026, following an average of $3.30 per gallon in 2024 [2] Oil Production - U.S. crude oil production is expected to remain stable, with a production level of 13.6 million barrels per day in 2025 and 2026, and 13.2 million barrels per day recorded in 2024 [3] Natural Gas Market - Natural gas prices are forecasted to rise from $3.50 per million BTUs this year to $4 in 2026, following a price of $2.20 per million BTUs in 2024 [6] - The U.S. has become the largest exporter of liquefied natural gas (LNG), with exports increasing from 12 billion cubic feet per day last year to a projected 16 billion cubic feet per day next year [7] Electricity Generation - Natural gas is projected to remain the largest source of electricity generation in the U.S., holding a 40% share in 2025 and 2026, down from 42% in the previous year [9] - The share of electricity generated by renewables is on the rise, expected to increase from 23% in 2024 to 26% in 2026 [9] - Nuclear power's share of the electricity mix is expected to stabilize at 18% next year, down slightly from 19% in 2024 [12] - Coal's share of total electricity generation is projected to remain relatively flat, at 16% next year, after being 17% in 2025 [12] Emissions - Carbon dioxide emissions rose from 4.8 billion metric tons in 2024 to 4.9 billion metric tons this year, with a forecast to return to 4.8 billion metric tons next year [14]

Core Insights - Crude oil and gasoline prices have decreased due to hopes for a resolution to the Russian-Ukrainian war, which could lead to increased global oil supplies as restrictions on Russian energy exports may be lifted [1] - Russian geopolitical tensions and military threats are providing support for crude oil prices, despite the overall downward trend [2][5] - Recent data indicates a significant rise in crude oil stored on stationary tankers, reaching the highest level in nearly 2.5 years [3] Supply and Demand Dynamics - OPEC has revised its Q3 global oil market estimates from a deficit to a surplus, now projecting a surplus of 500,000 barrels per day (bpd) due to higher-than-expected US production and increased OPEC output [4] - The US Energy Information Administration (EIA) has raised its 2025 US crude production estimate to 13.59 million bpd, up from 13.53 million bpd [4] Geopolitical Factors - Venezuelan geopolitical risks are contributing to the support of crude prices, following statements from President Trump regarding the airspace over Venezuela [5] - Reduced crude exports from Russia are also underpinning crude prices, with shipments falling to 1.7 million bpd in early November, the lowest in over three years [6] - Ukraine's military actions have targeted Russian refineries, knocking out 13% to 20% of Russia's refining capacity and limiting crude export capabilities [6]

Core Insights - BP plc has canceled its "H2Teesside" hydrogen and carbon capture project in favor of developing a large AI data center at the same location [1][8] - The new AI data center is planned to cover almost 500,000 square meters, making it the largest in Europe, and has government backing [2][3] - The UK government introduced "AI growth zones" to promote AI infrastructure, offering benefits like simplified planning and energy access [3] Project Viability - The decision to scrap the H2Teesside project was influenced by weaker demand for low-carbon hydrogen and the closure of a nearby Sabic facility, which was a potential customer [4] - Initially, BP aimed for the project to produce 20% of the UK's hydrogen target by 2030, but high production costs and reduced demand undermined its viability [4] Future Commitments - Despite abandoning the hydrogen project, BP remains committed to the Teesside region and plans to engage in other energy initiatives, including a new gas-fired power station with carbon capture technology [5] - BP is also involved in developing carbon dioxide pipelines and a carbon storage site in the area [5]

Technical indicators of oil and gas producers in the U.S. and Canada are flashing green. ...

January WTI crude oil (CLF26) today is down -0.21 (-0.35%), and January RBOB gasoline (RBF26) is down -0.00195 (-1.04%). Crude oil and gasoline prices are slightly lower today due to a stronger dollar.  Also, there are hopes for an end to the Russian-Ukrainian war as the key parties trade various peace plans.  An end to the war could allow restrictions on Russian energy exports to be removed, boosting global oil supplies. More News from Barchart However, crude oil has support after Interfax today report ...

Core Insights - ExxonMobil is in discussions with the Iraqi Oil Ministry to potentially acquire Lukoil's majority stake in the West Qurna 2 oilfield, as Lukoil seeks to divest its global assets due to US sanctions [1][3] - The West Qurna 2 oilfield is significant, representing approximately 0.5% of global oil supply and 9% of Iraq's total output, with an estimated market value of $1.6 billion [2] - Lukoil currently holds a 75% operational stake in West Qurna 2, producing around 470,000 barrels per day, with reserves exceeding eight billion barrels [2] Group 1: Acquisition Context - The US Treasury has allowed potential buyers to negotiate with Lukoil until December 13, but specific transactions will require further approval [3] - ExxonMobil, alongside Chevron, is exploring opportunities to acquire parts of Lukoil's portfolio [3] - Lukoil declared force majeure at West Qurna 2 after Iraq suspended cash and crude payments to the company [3] Group 2: ExxonMobil's Activities in Iraq - In October, Exxon signed a non-binding agreement with Iraq to assist in developing the Majnoon oilfield and expanding oil exports, marking its return to the country after nearly two years [4] - A senior Iraqi oil official indicated that Exxon is the preferred option to take over Lukoil's stake due to its capacity and experience [5] - Abu Dhabi's International Holding Company has also shown interest in acquiring Lukoil's foreign assets [5]