Pxe: Investing In Oil And Gas Depends On Your Time Horizon (nysearca:pxe)
Invesco Energy Exploration & Production ETF (NYSEARCA:PXE) is a hold due to mixed factors impacting investment in the oil and gas industry. While crude oil and natural gas will likely maintain a dominant position in the global energy market, it is inevitably an exhaustible resource. Elevated gas prices will keep companies profitable, providing investors solid returns for PXE and peer funds in the short term. However, renewable energies will eventually overtake oil and gas in the long term. PXE is an ETF that seeks to track the Dynamic Energy Exploration & Production Intellidex Index.
Energy Transfer To Acquire Wtg Midstream For $3.25B
The assets will provide Energy Transfer with increased access to growing supplies of natural gas and natural gas liquids (NGL) volumes.
California Is Now A Batteries-based Rooftop Solar Market – Pv Magazine International
About 60% of energy customers in California have included battery energy storage with their rooftop solar installations. However, a “sustained downturn” is expected for the market.
Here's How To Buy Renewable Energy From Your Electric Utility
More residential consumers are sourcing their electricity from green energy sources like solar and wind. But many still don't know about the option.
Lng Exports And Natural Gas Dynamics
"The U.S. economy is hard to hold back, even if you try," says midstream fund manager Jay Hatfield in an interview May 15. The context in which we speak is assessing the fundamentals in oil, gas, and some transition dynamics as it relates to policy, the U.S. economy, and the global economy. Last year in April, upon the first (or second) public utterance that Exxon (XOM) might buy Pioneer Natural Resources, I have been considering massive U.S. energy infrastructure assets and their development alongside shale.
Indonesia Expects Oil And Gas Investments To Rise 29% To $17B In 2024 - Cna
BANGKOK : Indonesia expects investments in its oil and gas sector to rise 29 per cent in 2024, the chairman of regulator SKK Migas told Reuters, as it races to ramp up drilling and exploration following the recent exits of global giants Shell and Chevron. An immediate push in oil and gas investments is crucial for the resource-rich southeast Asian nation, which is looking to reverse a protracted output decline amid increasing financing challenges for fossil fuel projects.
Uk ‘net Zero’ Project Will Produce 20m Tonnes Of Carbon Pollution, Say Experts | Energy
Government told Net Zero Teesside gas scheme will be massive polluter despite its carbon capture claims A multibillion-pound “net zero” project backed by two of the world’s biggest fossil fuel firms will be responsible for more than 20m tonnes of planet-heating carbon over its lifetime, according to research submitted to the UK government.The Net Zero Teesside scheme to build a new gas-fired power station in north-east England is backed by BP and Equinor and says it will use carbon capture and storage (CCS) technology to capture up to 95% of its emissions and bury them beneath the North Sea.
Opec Risks Losing Oil Market Share If It Does Not Start Raising Output - Capital Economics | Seeking Alpha
Crude oil closed higher Monday on signs of improving demand in the U.S. and China, the world's two top oil consumers. Auto travel group AAA forecast this year's Memorial Day travel activity will be the highest since 2005, estimating 43.8M travelers will head 50 miles or more from home over the holiday period, 4% more than last year. The group projects 38.4M people will travel by car over Memorial Day weekend, the highest number for that holiday since AAA began tracking in 2000.
Eia Forecasts Solar To Exceed Hydro In '25 - May 12, 2024
The U.S. Energy Information Administration is forecasting that generation of electricity in the U.S. will grow by 3% this year and by 1% in 2025, with the increase powered by renewables, primarily solar power. In its May Short-Term Energy Outlook, issued May 7, EIA said it expects solar, wind and h...
Cnooc Starts Production At New Gas Development In China's Bohai Sea
The project, part of the Bozhong 19-6 gas field, is planned to achieve a peak production of 5,800 boepd. :
CNOOC Ltd., majority held by state-owned China National Offshore Oil Corp. (CNOOC), said Tuesday it has put onstream a new gas project in the Bohai Sea in northern China, expecting to achieve a peak rate of 5,800 barrels of oil equivalent per day (boepd).