Page 26 - எண்ணெய் மற்றும் வாயு பெட்ரோலியம் செய்தி நிகழ்வுகள் கதைகள் கட்டுரைகள் பகுப்பாய்வு வர்ணனை தலைப்புச் செய்திகள் ஸ்டாக்ஸ் நிதி பொருட்கள் வரைபடங்கள் படங்கள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
C-stores are experiencing a dramatic shift in the competitive landscape from a year ago.
The 2021 Memorial Day Weekend marked the official start of what has been widely projected to be a very busy summer travel season in the United States. As American motorists rekindle their affinity for taking to the highways for summer vacation, put largely on hiatus last year amid the pandemic, they will increasingly rely on convenience stores for fuel, snacks, and sundry other purchases en route.
The greater demand for products and services from “c-stores” occurs as these businesses contend with a dramatic shift in the competitive landscape from a year ago.
Equinor (NYSE: EQNR), ExxonMobil (NYSE: XOM), Petrogal Brasil, and PPSA have decided to develop phase one of the Bacalhau field in the Brazilian pre-salt Santos area.
Equinor (NYSE: EQNR), ExxonMobil (NYSE: XOM), Petrogal Brasil, and Pré-sal Petróleo SA (PPSA) have decided to develop phase one of the Bacalhau field in the Brazilian pre-salt Santos area, Equinor revealed Tuesday.
The investment is approximately $8 billion, Equinor noted, adding that the development plan for the project was approved by the Brazilian National Agency of Petroleum, Natural Gas, and Biofuels (ANP) back in March. First oil at the field is planned in 2024, although Equinor warned that project plans may be adjusted in response to health and safety restrictions due the Covid-19 pandemic.
There is plenty of bullish confidence in the oil market currently.
That’s according to Rystad Energy’s oil markets analyst Louise Dickson, who noted that “trading excitement” often drives the market just before OPEC+ meetings.
“There is confidence that the oil producer group will demonstrate supply restraint at its meeting on Tuesday,” Dickson said in a statement sent to Rigzone on Monday.
“Moreover, the recovery of oil demand appears to be on track at a global level, which lends extra support to prices and for now makes up for any potential downside stemming from the Iran nuclear deal negotiations,” Dickson added.