Oil prices rally into the weekend on flurry of bullish news _ oilprice. com

Oil prices staged a strong rally on Thursday, moving up 4% by the end of the day thanks to positive forecasts from the IEA and comments from the Saudis.

Oil prices staged a strong rally on Thursday moving higher by 4.27%. Gas vs diesel towing WTI ended the day at $43.67 per barrel while Brent was at $46.04. Gas city indiana police department The rally was due in part to twin optimistic comments from the IEA and the Saudis. Gas 37 weeks pregnant The IEA reported that crude production is falling behind demand. D cypha electricity futures At this point that gap is likely to average around 1M barrels per day in Q3, says the IEA. Gasset y ortega biografia The agency reports “Our balances show essentially no oversupply during the second half of the year.” That result is thanks to a combination of sizeable production cuts by non-OPEC producers including US producers, and healthy demand in many parts of the globe. Electricity and magnetism pdf Adding to optimism, in other news, Saudi Arabia energy minister Khalid al-Falih said market forces are already doing their work, but his country is ready to do what it can to further support prices.

Venezuelan President Nicolas Maduro is reportedly trying to raise prices to at least $70 a barrel. Natural gas jokes Maduro announced his plan on TV this week. Gas 02 That plan essentially consists of trying to encourage the Saudis to support prices and rally OPEC producers to hold a new meeting and reach an agreement to freeze production.

Bloomberg reports that private equity buyout firms have raised $100B in capital and may finally be ready to put some of that dry powder to work in M&A deals in the energy space. Gas number Thus far major buyouts have been few and far between.

Exelon Buys Fitzpatrick Nuclear Plant, Setting The Standard for U.S. Gas and supply shreveport Carbon Goals: Excelon announced that it will buy the James A Fitzpatrick nuclear power plant in upstate New York from Entergy. Gas pain relief The two companies reached an agreement worth $110 million following the state’s adoption of a Clean Energy Standard that supports nuclear energy as well as renewable energy.

Entergy’s solar power plant in New Orleans East is up and running: Entergy New Orleans has started generating electricity at its new solar power plant in New Orleans East, one of only a handful of solar projects nationwide to incorporate battery storage. Electricity song youtube The utility is pitching the project as a way to test the cost and reliability of using sunlight to power local homes and businesses.

Oil majors must tap into energy storage market following Total’s Saft acquisition – Lux: Total’s acquisition of battery provider Saft has set the tone for oil majors to follow and invest in energy storage, distributed generation and solar power ventures, according to a new report from Lux Research.

Tesla Is Playing Catch-Up With China’s BYD in Nearly Every Business Category: When comparing the two companies head to head, the data shows that in almost every relevant dimension, BYD has gone further and is growing faster…BYD claims to dominate the North American energy storage market and had deployed more than 295 megawatts/295 megawatt-hours across 66 countries at the end of Q2.

BMW just released its plan to take on Tesla: BMW is also planning to release an updated version of its luxury, all-electric i3 in 2022, and its electric i8 sports car in either 2022 or 2023. Gas density and molar mass BMW will aim to extend the i8’s range to 300 miles for its new release, according to Automobile Mag’s report. Gas definition state of matter Related: Why Oil Companies Must Look Beyond Oil To Survive

Petrobras Q2 net profit slides 30%; debt picture improves slightly: Petrobras reported Q2 net income of 370M reals ($118M), including a 1.12B real impairment charge from the Comperj refinery project, a 30% Y/Y drop from 531M reals a year earlier. Power generation definition The average profit estimate of eight analysts surveyed by Reuters was 1.81B reals. Physics c electricity and magnetism formula sheet The firm’s Q2 revenue fell 11% Y/Y to 71.3B reals due in part to weak fuel demand from Brazil’s severe recession and lower global oil prices. Types of electricity generation Total debt improved slightly for the firm, ending the quarter at $123.9B. Ideal gas definition chemistry That is down 2% versus year-end 2015 levels.

Refiners on track to spend record on U.S. 1 electricity unit in kwh clean fuel standards: Reuters is reporting that major U.S. Power kinetic energy refiners will pay record amounts this year for credits to comply with U.S. Electricity for refrigeration heating and air conditioning 9th edition answers renewable fuel standards. Gas 76 station The new fee expenses come even as profits for the group remain in a slump thanks to weak crack spreads. World j gastrointest surg impact factor A group of 10 refinery owners including Marathon Petroleum and Valero Energy spent at least $1.1B buying RINs, according to a Reuters review of their filings. Youtube gas pedal That puts the group on pace to surpass the annual record of $1.3B spent by the same group in 2013.

Fire causes evacuation of Motiva refinery in Louisiana:The Motiva Enterprises refinery in Louisiana was hit by a large fire on Thursday which shut down the 235K bbl/day facility. Gsa 2016 calendar The closure of a key distillation unit may have helped in boosting prices of oil products. Gas and supply The fire, which reportedly started in the 45K bbl/day heavy oil hydrocracker unit, is now under control, but it is unclear what it will take to repair the damage. Gas x strips review If the fire damaged the reactors in the unit, repairs could take months. Gastritis Futures for U.S. Electricity and circuits class 6 ultra-low sulfur diesel and gasoline rose more than 4% on Thursday and the diesel crack spread surged more than 7%. Gas pains 6 weeks pregnant Motiva is owned equally by subsidiaries of Saudi Aramco and Royal Dutch Shell

TETRA Tech started at Overweight by Morgan Stanley:Morgan Stanley initiated coverage on offshore services firm TETRA Technologies is initiated with an Overweight rating and a $10 price target at Morgan Stanley. Electricity kwh to unit converter The banks says the shares do not reflect the company’s longer-term free cash flow generation potential and the cyclical upside from onshore and short-cycle offshore exposure. Gas and bloating after every meal The offshore industry likely will remain sluggish through 2017, but TTI’s short-cycle offshore exposure is “a good way to play an out-of-consensus theme,” MS says.