Parex Resources Inc T.PXT

Alternate Symbol(s): PARXF

Energy Oil & Gas E&P

Parex Resources Inc. is a Canada-based independent oil and gas company in Colombia, focusing on sustainable, conventional production. The company is engaged in the business of the exploration, development, production and marketing of oil and natural gas in Colombia. The Company is focused on development in two main basins: Llanos and Magdalena. All of the Company's oil production and 87% of the oil, natural gas and natural gas liquids (NGL) proved plus probable reserves are located in the Llanos Basin of Colombia with the remaining oil reserves and production located in the Magdalena Basin of Colombia.

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Parex Resources Inc

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Post by geezer21on May 20, 2022 2:38pm

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Post# 34699127

Gas Stocks Down 4.8 mbl, Demand Up to 9 mb/d

https://www.zerohedge.com/markets/gas-prices-hit-another-record-high-today-whats-biden-doing

Gas Prices Hit Another Record High Today, What's Biden Doing?

Record high gas prices for the 11th straight day...

MishTalk.com's Mike Shedlock checks in on gas prices... and the Biden administration's plans to deal with them...

AAA reports Increased Gas Demand Pushed Pump Prices Higher

Since Monday, the national average for a gallon of regular gasoline has increased by 10 cents to $4.58. According to new data from the Energy Information Administration (EIA), total domestic gasoline stocks decreased by 4.8 million bbl to 220.2 million bbl last week. On the other hand, gasoline demand increased from 8.7 million b/d to 9 million b/d. Tighter supply and increased demand have pushed pump prices higher. This supply/demand dynamic, combined with volatile crude prices, will likely continue to keep upward pressure on pump prices.