Yangarra Resources Ltd T.YGR

Alternate Symbol(s): YGRAF

Energy Oil & Gas E&P

Yangarra Resources Ltd. is a Canadian junior oil and gas company engaged in the exploration, development and production of clean natural gas and conventional oil. The Company has its main focus in the Western Canadian Sedimentary Basin. The Company has an interest in approximately 184.5 sections (118,080 acres) in this field, which is located around the town of Rocky Mountain House, Alberta. The company has developed its land base to target the halo Cardium at Ferrier, Chedderville, Cow Lake, Chambers, O’Chiese, and Willesden Green with a focus on exploiting the prolific bioturbated zone as part of the entire Cardium package.

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Yangarra Resources Ltd > Oil Prices

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Post by kavern23on Jan 04, 2024 10:32am

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Post# 35810400

Oil Prices

Today is going to be an interesting oil inventory report.
Oil has been helped by Libya and Middle east tension but one of the most accurate USA gasoline demand forecastors has wild estimate for USA gasoline demand last week....supposed to be down over 10% compared to last year.

2023 was year of non-opec growth taming oil prices and OPEC extra cuts but for 2024 my worry is on gasoline demand in USA, Europe and China. Blunt but other poor countries dont use much gasoline.

Since 2020...USA is still selling 2-3m less auto's a year and what is selling is so much more fuel effiicent than past.

USA gasoline number will be thing to watch in 2024 all year.

Cause eventually countries will fight back for market share against USA if USA just exports all these energy products.

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