NEW YORK, June 19, 2018 /PRNewswire/ --
Despite the recent downturn in oil prices, Goldman Sachs remains optimistic. According to Reuters, Goldman Sachs on Monday
forecast a tighter oil market for a longer duration due to strong demand growth and the probability that rising supply
disruptions could counter any increase in OPEC production. "Our updated global supply-demand balance continues to point to
further declines in inventories and higher oil prices in 2H18," the bank said. Goldman also repeated its Brent price forecast for
a peak of USD 82.50 per barrel throughout the summer and a year-end approximation of USD 75. Water Technologies International, Inc. (OTC: WTII), Liquefied Natural Gas Limited (OTC: LNGLF),
Amazing Energy Oil and Gas, Co. (OTC: AMAZ), Petrolia Energy Corporation (OTC: BBLS), Stamper Oil and Gas Corp. (OTC: STMGF)
The avalanche of political and economic developments around the world that influence oil prices are making it difficult to
determine what the relationship between demand and supply will be. Goldman Sachs explained in the report that they expect OPEC
and Russia production to increase by 1 Million barrels per day by the end of 2018 and by another
half a million barrels per day in the first half of 2019. While a production increase would decrease oil prices, the supply
numbers are expected to be offset by increased political and economic disruptions in Venezuela
and Iran.
Water Technologies International, Inc. (OTC: WTII) on May 30th announced that
"it has signed a Licensing agreement with OriginClear, Inc., of Los Angeles, California.
OriginClear, Inc. engages in the business of developing, manufacturing and marketing industry-leading products and services in
wastewater treatment and water remediation for the oil and gas, algae, and feed industries as well as others rejecting or using
large volumes of water. The agreement licenses the technology and allows Water Technologies International, Inc. to sell the
equipment for use in the industry. Water Technologies plans to employ the product in existing client projects and will also
target clients for water generation equipment with its patented Atmospheric Water Generators.
The United Nations estimates that by 2030, water demand will exceed supply by 40 percent. By combining OriginClear's Electro
Water Separation (EWS) wastewater treatment technology with Water Technologies' Atmospheric Water Generators, oil & gas
operators facing water scarcity can regain control of their water resources and build water independence for their
organization.
Water Technologies International, Inc.'s CEO, William Scott Tudor, said, "I am excited to have
OriginClear's new, unique wastewater treatment technology for use in oil & gas industry projects. We can now provide new
products and services to oil & gas clients and offer onsite solutions that can clean and remediate contaminated water as well
as generate clean water resources with our Atmospheric Water Generators. This partnership opens up an entirely new audience for
our many products and should lead to more sales for both companies."
OriginClear, Inc's CEO Riggs said, "The whole team at OriginClear is very enthusiastic about entering into this new
relationship with Water Technologies. Offering these cutting-edge products to their client base is very exciting and we look
forward to being at the forefront of cutting-edge water treatment technology."
Liquefied Natural Gas Limited (OTC: LNGLF) is an ASX listed company (Code: LNG and OTC ADR: LNGLY) whose portfolio
consists of various subsidies. Liquefied Natural Gas Limited recently extended the validity period of its current binding
engineering, procurement, and construction contract with KSJV for its 100% owned subsidiary, Magnolia LNG, LLC. The binding lump
sum turnkey EPC US USD 4.354 Billion contract is now valid through December
31, 2018. Magnolia LNG is well positioned to lead the next generation of U.S. LNG export reflecting its fully de-risked
status. Magnolia is the lone U.S. greenfield LNG export development project that is construction-ready, having secured equity
financing, FERC Notice to Proceed, U.S. Department of Energy non-FTA and FTA export approval, and a LSTK EPC contract.
Amazing Energy Oil and Gas, Co. (OTCQX: AMAZ) is an independent oil and gas exploration and production company based in
Amarillo, TX. Amazing Energy Oil and Gas Co. recently announced the scheduled chemical squeeze
program around the outer perimeter of Section 91 where the Company previously initiated drilling, completion and production
operations. The program is scheduled to begin soon. The chemical squeeze program should allow for improved fluid entry on
existing wells targeting the Queen formation. ''Operational activity is on pace and we are very encouraged by the results we are
seeing across the board,'' stated Will McAndrew, Amazing's CEO. ''We are excited to report recent
results and future plans to the street as we meet expectations previously set and outline what we are doing now to move our
growth initiative forward. Transparency and consistency in communication are an important part of Amazing's plan and combined
with effective execution on operations have set our value proposition in motion.''
Petrolia Energy Corporation (OTCQB: BBLS) is a US-based, oil & gas exploration, production and service company with
operations in the United States and Indonesia. The Company
announced late last year that it has completed the acquisition of Bow Energy Ltd., a Canadian based oil and natural gas company,
pursuant to which Petrolia has acquired all of the issued and outstanding common shares in the
capital of Bow. The Plan of Arrangement was approved by an overwhelming majority of more than 99% of the votes cast by the Bow's
shareholders at the special meeting of shareholders held on February 21, 2018. Final approval of
the Plan of Arrangement was granted by the Court of Queen's Bench of Alberta on February 23, 2018, and the acquisition closed on February 27, 2018. Upon
completion of the acquisition, James E. Burns, the President of Petrolia commented, "While we remain focused on developing our onshore domestic portfolio here in
the United States, the Indonesian assets are truly special. Being able to find an acreage
package of this size and quality was just too good to pass up. We are looking forward to continuing our discussions with local
financial and operating partners in the region to strategize on how best to commercialize these assets over the long-term."
Stamper Oil and Gas Corp. (OTCQB: STMGF) is an oil and gas company, engaged in the acquisition, exploration and
development of conventional oil and natural gas properties. The Company plans to identify and build out a portfolio of
high-impact oil and gas prospects. Stamper is committed to creating sustainable shareholder value by evaluating and developing
future prospects into commercially viable assets. Stamper Oil & Gas Corp. recently announced the resignation of Hon.
Herb Dhaliwal as a Director of Stamper effective immediately. At this time the Company will remain
with a vacancy on the board until a suitable replacement is found. State Oil Corporation has also advised that the Memorandum of
Understanding between State and Sudapet Company Ltd., the national oil company of Sudan, is
still not in good standing. The Company has been advised by State that they are in discussions with Sudapet and have been told
that definitive decision should be received during the following week. The Company is also working hard at this time on
evaluating other oil and gas projects in Latin America and Africa.
Subscribe Now! Watch us report LIVE https://www.youtube.com/FinancialBuzzMedia
Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz
Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz
Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/
About FinancialBuzz.com
FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News,
Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company
Interviews. A pioneer in the financially driven digital space, video production and integration of social media,
FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination,
branding, marketing and advertising for third parties for corporate news and original content through our unique media platform
that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial
Publications.
Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not
undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the 'Site') is either original financial news or paid advertisements provided
[exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into
media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials
for advertising such companies. Financialbuzz.com has not been compensated directly by any of the companies mentioned here in
this editorial. We are not an independent news media provider and therefore do not represent or warrant that the information
posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality
and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not
offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with
financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique
financial newswire and media platform. For Water Technologies International, Inc. financial news dissemination and PR services,
FinancialBuzz.com has been compensated four thousand dollars by axiom group. Our fees may be either
a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof.
The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near
the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for
financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or
continue to post information about any companies the information contained herein is not intended to be used as the basis for
investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is
not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for
any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other
materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of
their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance,
and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound
by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com
constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment
strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is
solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives,
other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and
legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless
of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be
reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use, please
visit: http://www.financialbuzz.com .
For further information:
Media Contact:
info@financialbuzz.com
+1-877-601-1879
Url: http://www.FinancialBuzz.com
SOURCE FinancialBuzz.com