XOP News and Press, SPDR S&P Oil & Gas Explor & Product From 11/07/22

Summary A coalition of 190 countries and companies had agreed to "phase down" coal power and end support for new plants. The African location is expected to put greater focus on the question of climate financing for historically marginalized communities and emerging markets. C...

These are the best ETFs to buy now for November 2022, says Lucas Downey of Mapsignals.com. For further details see: The Best ETFs to Buy Now for November 2022

Summary U.S. August production increased by 102 kb/d to 11,975 kb/d. On a YoY basis, US production increased by 769 kb/d with the majority having come from Texas and New Mexico. Consumers are getting used to the currently higher oil product prices. A guest post by ...

Summary OPEC cut its production quotas. Indicative of lower than reported spare capacity. Bullish for oil over multiple time frames. On October 5, 2022, OPEC+ agreed to a 2MM bbl/d cut to its oil production quotas, despite vocal opposition by the Biden Administration...

Summary It is no surprise that with a retreat of 10-year Treasury yields off the highs of 4.33%, the stock market had a big rebound last week. When it is up to the bond market to decide what happens to stocks, then it is up to Jerome Powell, who will be delivering his FOMC press c...

Summary Virtually all of the Q3 2022 GDP growth was attributable to a lower trade deficit that added 2.77% to GDP growth. Most of that came from higher petroleum exports, due largely to one million barrels per day being released from the SPR. In two to three years, I expect energy...

Summary An overview of various energy source trade-offs. An outline of why energy prices are still likely to be an ongoing concern, globally. How energy prices can impact inflation. Back in June 2021, I wrote a longform piece on the energy sector called, " The Ca...

Summary With an unprecedented release in the strategic petroleum reserves, there is a misconception by many investors that oil prices are in the stratosphere. However, if an objective observer looks at historical oil prices, especially from 2008 to 2014, a different perspective is...

Summary Over the past six months, President Biden has drawn down one-third of the U.S. Strategic Petroleum Reserve in an attempt to lower WTI crude prices and ease consumers’ pain at the pump. The SPR is part of a longstanding multilateral agreement between the U.S. and 30 ...

Summary Most biofuels come from Brazil. Brazil produces about one million barrels per day of ethanol during its winter months there and none during its summer months. From January 2018 to June 2022, World Other Liquids, less Brazil, increased by two million barrels per day. Th...