Sunday, February 5, 2023
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA
  • CCPA
Oil Market News Today
Advertisement
  • Home
  • Market
    • All
    • Africa
    • Europe
    • Middle East
    • Russia
    • US
    • Venezuela
    Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

    Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Construction of Dangote oil refinery Africa’s largest nears completion

    Construction of Dangote oil refinery Africa’s largest nears completion

    Oil rises further from 3-week lows, but headwinds loom amid pandemic

    Oil rises further from 3-week lows, but headwinds loom amid pandemic

    TC Energy says new U.S. permit to boost Keystone pipeline oil exports by

    TC Energy says new U.S. permit to boost Keystone pipeline oil exports by

    • US
    • Russia
    • Europe
    • Middle East
    • Africa
    • Venezuela
  • Oil News
  • Oil & Gas
  • Diesel
  • Oil Price
  • Politics
  • Industry
  • Companys
  • Production
  • Natural Gas
No Result
View All Result
  • Home
  • Market
    • All
    • Africa
    • Europe
    • Middle East
    • Russia
    • US
    • Venezuela
    Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

    Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Construction of Dangote oil refinery Africa’s largest nears completion

    Construction of Dangote oil refinery Africa’s largest nears completion

    Oil rises further from 3-week lows, but headwinds loom amid pandemic

    Oil rises further from 3-week lows, but headwinds loom amid pandemic

    TC Energy says new U.S. permit to boost Keystone pipeline oil exports by

    TC Energy says new U.S. permit to boost Keystone pipeline oil exports by

    • US
    • Russia
    • Europe
    • Middle East
    • Africa
    • Venezuela
  • Oil News
  • Oil & Gas
  • Diesel
  • Oil Price
  • Politics
  • Industry
  • Companys
  • Production
  • Natural Gas
No Result
View All Result
Oil Market News Today
No Result
View All Result
Home Industry

Hamm says oil industry needs ‘sound economics’ rather than another boom

July 29, 2020
in Industry
Hamm says oil industry needs ‘sound economics’ rather than another boom
Share on FacebookShare on Twitter


Latest Oil MArket NewsPosts

The Fed’s Oil and Gas Bailout Is a Mistake – Center for American Progress

Key to data management in oil and gas is stability

Oil and Gas Expert Think Tank Made 5 Business Model Predictions Which Will

Hamm also touched on the threat climate change activism poses to the oil and gas industry, saying that “we have to continue to fight” activists “that use it as religion.” He said air quality is not problematic today.

But environmental activists are critical of the oil and gas industry for its air emissions — particularly leaks of methane, which is the main component of natural gas. Methane, a potent greenhouse gas that contributes to climate change, can leak from well sites and from other pieces of oil field infrastructure. Generating electricity from natural gas releases carbon dioxide, another greenhouse gas. Gas-fired power plants emit about half as much carbon dioxide as coal-fired power.

Oil pricing

During the virtual event, Hamm and a representative from S&P Global Platts spoke about the energy and commodities information firm’s effort to establish a new pricing benchmark for oil based in the Gulf Coast. In June, S&P Global Platts launched a marker called Platts AGS, which stands for Platts American GulfCoast Select.

The idea is to compete with West Texas Intermediate pricing, the standard for oil pricing in the United States. WTI often refers to the futures contract for a grade of oil delivered to a terminal in Cushing, Okla.

“A truly reflective benchmark for U.S. crude oil shouldn’t be tied to a specific location,” said Dave Ernsberger, global head of commodity pricing and market insight for the firm. “It shouldn’t be tied to a specific terminal or tank farm, even one that’s world class and giant in scale like Cushing, Okla.”



Read More: Hamm says oil industry needs ‘sound economics’ rather than another boom

Tags: BakkenBoomeconomicsHammIndustryoilsoundstate-and-regional

Related Posts

The Fed’s Oil and Gas Bailout Is a Mistake – Center for American Progress
Industry

The Fed’s Oil and Gas Bailout Is a Mistake – Center for American Progress

by Oil Market
July 31, 2020
0

Introduction and summary The coronavirus pandemic and the necessary public health response have significantly decreased U.S. economic activity, placing...

Read more
Key to data management in oil and gas is stability
Industry

Key to data management in oil and gas is stability

by Oil Market
July 30, 2020
0

Data management in oil and gas has been crucial for decades, and organizations unwilling to adopt the best practices...

Read more
Oil and Gas Expert Think Tank Made 5 Business Model Predictions Which Will
Industry

Oil and Gas Expert Think Tank Made 5 Business Model Predictions Which Will

by Oil Market
July 28, 2020
0

VANCOUVER, BC / ACCESSWIRE / July 28, 2020 / The world has changed dramatically since December 2019 due to...

Read more
Webinar at 12PM: Oil & gas at a digital tipping point
Industry

Webinar at 12PM: Oil & gas at a digital tipping point

by Oil Market
July 27, 2020
0

Make sure to register and attend our webinar, "Oil & gas at a digital tipping point" today at 12PM to...

Read more
Time to end tax holiday for oil, gas industry
Industry

Time to end tax holiday for oil, gas industry

by Oil Market
July 26, 2020
0

As a Montanan, I know how important both the environment and the energy industry are to our state. However,...

Read more
Oil and gas in flux: After a series of stunning defeats, what’s next for
Industry

Oil and gas in flux: After a series of stunning defeats, what’s next for

by Oil Market
July 26, 2020
0

When Dominion Energy and Duke Energy unexpectedly cancelled plans to build the Atlantic Coast Pipeline on July 5, environmental...

Read more
Next Post
Path to net zero: European oil majors outpace US companies on climate goals

Path to net zero: European oil majors outpace US companies on climate goals

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Today Oil Markets

Construction of Dangote oil refinery Africa’s largest nears completion

Construction of Dangote oil refinery Africa’s largest nears completion

3 years ago
COVID-19 Impact & Recovery Analysis – Wellhead Equipment Market (2020-2024)

COVID-19 Impact & Recovery Analysis – Wellhead Equipment Market (2020-2024)

3 years ago
India’s Oil Demand from Cars to Factories Limps Toward Normalcy

India’s Oil Demand from Cars to Factories Limps Toward Normalcy

3 years ago
Venezuela’s Oil Production Plunges as US Issues New Threats

Venezuela’s Oil Production Plunges as US Issues New Threats

3 years ago
Turkish vessel starts seismic search for oil, gas _ or not | Kathimerini

Turkish vessel starts seismic search for oil, gas _ or not | Kathimerini

3 years ago
Neptune Strikes Hydrocarbons at Dugong Well, off Norway

Neptune Strikes Hydrocarbons at Dugong Well, off Norway

3 years ago

Oil Market

Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

July 31, 2020
Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

July 31, 2020
Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

July 31, 2020
Construction of Dangote oil refinery Africa’s largest nears completion

Construction of Dangote oil refinery Africa’s largest nears completion

July 31, 2020

Russia Oil Market

Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

July 31, 2020
Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

July 31, 2020
CORONAVIRUS (COVID-19) IMPACT ON Sandalwood Essential Oil Market OUTLOOK,

CORONAVIRUS (COVID-19) IMPACT ON Sandalwood Essential Oil Market OUTLOOK,

July 29, 2020
Gas, Oil and Dual-fuel Burners Market Size 2020, Global Industry Trends,

Gas, Oil and Dual-fuel Burners Market Size 2020, Global Industry Trends,

July 28, 2020

Europe Oil Market

Oil rises further from 3-week lows, but headwinds loom amid pandemic

Oil rises further from 3-week lows, but headwinds loom amid pandemic

July 31, 2020
Shell posts $18billion loss in second quarter – News for the Oil and Gas

Shell posts $18billion loss in second quarter – News for the Oil and Gas

July 30, 2020
Path to net zero: European oil majors outpace US companies on climate goals

Path to net zero: European oil majors outpace US companies on climate goals

July 29, 2020
Oil price holds near four-month high amid bearish signals – News for the

Oil price holds near four-month high amid bearish signals – News for the

July 28, 2020
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA
  • CCPA

© 2020 MarketFor Oil.com

No Result
View All Result
  • Home
  • Market
    • US
    • Russia
    • Europe
    • Middle East
    • Africa
    • Venezuela
  • Oil News
  • Oil & Gas
  • Diesel
  • Oil Price
  • Politics
  • Industry
  • Companys
  • Production
  • Natural Gas

© 2020 MarketFor Oil.com