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Paramount Resources Ltd T.POU

Alternate Symbol(s):  PRMRF

Paramount Resources Ltd. is a Canada-based energy company. The Company explores and develops both conventional and unconventional petroleum and natural gas. It also pursues longer-term strategic exploration and pre-development plays and holds a portfolio of investments in other entities. Its principal properties are located in Alberta and British Columbia. The Company's operations are organized into three regions: the Grande Prairie Region, located in the Peace River Arch area of Alberta, which is focused on Montney developments at Karr and Wapiti; the Kaybob Region, located in west-central Alberta, which includes the Kaybob North Duvernay development, the Kaybob North Montney oil development and other shale gas and conventional natural gas producing properties, and the Central Alberta and Other Region, which includes the Willesden Green Duvernay development in central Alberta and shale gas producing properties in the Horn River Basin in northeast British Columbia.


TSX:POU - Post by User

Post by geezer21on Jun 02, 2022 10:15am
72 Views
Post# 34726323

OPEC Boost Falls Short Of Filling Gap

OPEC Boost Falls Short Of Filling Gap
https://www.marketwatch.com/story/opec-agrees-to-boost-output-by-648000-barrels-a-day-in-july-and-august-2022-06-02?mod=mw_latestnews

OPEC+ agrees to boost output by 648,000 barrels a day in July and August


The Organization of the Petroleum Exporting Countries and its allies agreed Thursday to boost production in July and August by 648,000 barrels a day. That exceeds the 432,000 barrel-a-day monthly increases the group has been approving in keeping with its agreement last year to unwind production cuts put in place after the onset of the COVID-19 pandemic in 2020. The move comes as Russian oil production is expected to fall sharply in response to sanctions targeting the country's energy exports, but is seen falling short of making up the gap. Oil futures moved higher following the announcement, with West Texas Intermediate crude for July delivery CL.1, +0.63% CLN22, +0.63%, the U.S. benchmark, up 94 cents, or 0.8%, at $116.20 a barrel on the New York Mercantile Exchange. August Brent crude BRN00, +0.49%, the global benchmark was up 0.7% at $117.10 a barrel on ICE Futures Europe.

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