Petsec Energy Ltd., Lafayette, La.,
(Australia: PSA; Pink Sheets: PSJEY)
plans to acquire a 20% interest in a drilling
program that includes a three-well commitment
in Terrebonne Parish, La.
Gross reserves are 58.3 billion cubic
feet of gas and 1.8 million barrels of oil for
total net reserves of 8.8 billion cubic feet
of gas equivalent.
Brent Oil Slips as Growth Fears Offset China Demand Hopes
2023-02-21 - Euro zone business activity expanded faster than expected, but markets are still worried about global economy.
What's Affecting Oil Prices This Week? (March 27, 2023)
2023-03-27 - While still facing some headwinds, Brent crude prices have recovered a portion of the significant downturn that occurred last week, ending the week at $74.99 after closing the previous week at $72.97.
What's Affecting Oil Prices This Week? (Jan. 23, 2023)
2023-01-23 - The latest Energy Information Agency report indicated that U.S. oil production was 12.2 MMbbl/d, which compares to 11.7 MMbbl/d at the same time of the previous year, according to Stratas Advisors.
Oil Prices Rally to Highest Close Since Dec. 1 on China Optimism
2023-01-19 - Brent crude futures gained $1.18, or 1.4%, to settle at $86.16 per barrel, while WTI crude futures rose by $0.85 cents, or 1.1%, to settle at $80.33 per barrel. Those were the highest closing levels for both contracts since Dec. 1.
Oil Falls on Demand Fears as Fed Nears 'Make or Break Moment'
2023-02-13 - Oil prices fall Feb. 13 as the U.S. Federal Reserve has been raising interest rates to rein in inflation, leading to concerns the move would slow economic activity and demand for oil.