Secrets Are Scarce in Energy Market

Source: UPI (6/27/11)

"Did someone leak information before last week's strategic oil release?"

UPI

It's tough to keep information about the 28-nation energy agency quiet, a U.S. energy analyst said amid claims someone leaked last week's strategic oil release.

The International Energy Agency announced last week it was calling for an emergency release of oil stocks in an effort to counter lingering shortages of production from Libya. Analysts had warned of the economic consequences of tighter energy markets, though members of the Organization of the Petroleum Exporting Countries kept their current production quotas in place during their latest meeting in Vienna.

A person close to the matter revealed to The Wall Street Journal that the U.S. Commodity Futures Trading Commission was looking at market data to determine if anyone had early news of the IEA decision.

Oil prices collapsed last week hours before the IEA announced its plans to release 60 million barrels of oil.

Dominick Chirichella, a market analyst at the Energy Management Institute in New York, told the Journal it's tough to keep secrets in an international market.

"Twenty-eight countries—it's tough to keep a secret," he said. "I don't know how you keep a secret from the oil market when there are that many countries involved."

Option Partner to Continue Operations at Energy Firm's Texas Oil & Gas Project
Source: Streetwise Reports (01/23/2021)

The efforts will meet Torchlight Energy Resources' development requirements at Hazel.

Target Price Raised on Energy Firm Making 'Transformative Acquisition'
Source: Streetwise Reports (01/06/2021)

The terms and benefits of Earthstone Energy's purchase of an oil and gas company, an "eye-catching act of deal making," are presented in a ROTH Capital Partners report.

Energy Firm to Combine with Materials, Nanocomposites Company
Source: Streetwise Reports (12/16/2020)

Torchlight Energy Resources sees the transaction providing its shareholders "access to the multibillion-dollar markets that Metamaterial serves."

Oil & Gas Producer Reports on Thailand Operations
Source: Streetwise Reports (12/02/2020)

Pan Orient Energy Corp. reports on continuing drill operations in Thailand.

Energy Company Boosts Thailand Oil Production, Offers 'Low Risk Production Growth'
Source: Streetwise Reports (11/19/2020)

The highlights of Pan Orient Energy's third quarter are presented in a Mackie Research Capital Corp. report.

Texas Oil & Gas Firm to Sell Its Stake in Delaware Basin Project
Source: Streetwise Reports (11/18/2020)

For its interest, Torchlight Energy Resources is to receive $350,000.

Oil & Gas Firm Reports Q3 Operational, Financial Results
Source: Streetwise Reports (11/16/2020)

Pan Orient Energy and its joint venture partner continue producing and selling oil from its L53 Concession in Thailand, which are funding ongoing exploration work there.

Texas Oil & Gas Explorer Completes Fracking of Midland Basin Well
Source: Streetwise Reports (11/11/2020)

The next step for Torchlight Energy's well at Hazel is flowback, which is to start next week.

Altus Midstream Shares Flow Higher on Q3 Earnings and Plans for $1.50/Share Dividend in Q1/21
Source: Streetwise Reports (11/05/2020)

Shares of Altus Midstream Co. traded 170% higher after the firm reported Q3/20 financial results and announced plans to pay a quarterly dividend of $1.50 per share beginning in March 2021.