(Reuters) – President Donald Trump warned Iran on Thursday that it must reach a deal over its nuclear program or “bad things” will happen, and appeared to set a 10-day deadline before the U.S. might take action. Amid a massive U.S. military buildup in the Middle East that has fueled fears of a wider war, …
Trump Presses Iran to Make ‘Meaningful’ Deal, Appears to Set 10-Day Deadline Read More »
(Reuters) – International Energy Agency Director Fatih Birol said on Thursday that oil demand growth is less than one million barrels per day and that a substantial surplus was expected. He said that it is up to OPEC+ countries to decide what they are going to do “but given the demand being less than one …
IEA Director Says Oil Demand Growth Under 1 mln bpd, Expects Substantial Surplus Read More »
(Reuters) – Crude oil exports from the world’s largest oil exporter fell to 6.988 million barrels per day, down from 7.378 million bpd in November and its lowest since September, data from the Joint Organizations Data Initiative showed on Thursday. Saudi Arabia’s crude output stood at about 10.084 million bpd in December, its highest since …
Saudi Arabia Crude Exports Fall to Three Month Low in December Read More »
Summary Chevron in prime position for early gains in Venezuela Challenges include repairing infrastructure, securing diluents Legal risks and regulatory uncertainty remain for oil companies CABIMAS, Venezuela, Feb 19 (Reuters) – In September, a rig used to drill wells in shallow waters completed the long trip from China to Venezuela’s oil-producing region of Lake Maracaibo. …
By Reuters Cenovus Energy surpassed market estimates for fourth-quarter adjusted profit on Thursday, helped by higher upstream production. Canadian oil sands producers, including Cenovus, have remained resilient amid a global oil industry downturn, supported by years of investment that have made them among North America’s lowest-cost producers. The country’s oil producers are also gaining from the expanded Trans Mountain …
Canada’s Cenovus Beats Fourth-Quarter Profit Estimates on Higher Production Read More »
Kinetik Holdings, a pipeline operator in the Delaware Basin, is considering a sale following an approach from Western Midstream Partners, the Financial Times reported on Wednesday, citing people familiar with the matter. The development comes as energy-intensive data centers and rising liquefied natural gas (LNG) exports drive U.S. gas consumption higher, prompting producers to pull …
Pipeline Operator Kinetik Prepares Sale process, FT Reports Read More »
By Nicole Jao, Arathy Somasekhar and Marianna Parraga Phillips 66, Citgo seek to purchase directly starting in April, Valero later in the year Venezuelan crude prices ease amid US Gulf Coast supply surge Direct purchases may face challenges under general license HOUSTON, Feb 18 (Reuters) – U.S. refiners Phillips 66 and Citgo Petroleum are seeking …
US Refiners Phillips 66, Citgo Seek to Buy Crude Directly From Venezuela, Sources Say Read More »
By Peter Henderson SAN FRANCISCO, Feb 18 (Reuters) – California, Colorado and Washington are suing the federal government to force it to pay out grants approved by Congress for clean energy projects, the California attorney general’s office said on Wednesday. The Trump administration terminated some funding allocated under environmentally focused laws, including the Inflation Reduction …
By Josh Wingrove, Yoshiaki Nohara, and Catherine Lucey Japan plans to invest up to $36 billion in US oil, gas and critical mineral projects, the first tranche of its $550 billion commitment under the trade agreement it struck with President Donald Trump. “Our MASSIVE Trade Deal with Japan has just launched!” Trump posted Tuesday on …
Japan, US Reach $36 Billion of Gas, Mineral Deals in Trump Pact Read More »
By Mark Burton The Trump administration’s primary interest in Greenland is on national security, not the development of its rare earths or energy resources, according to US Energy Secretary Chris Wright. President Donald Trump has long sought to assert control over Greenland, and since his return to the White House his administration has been in …
US Energy Chief Downplays Interest in Greenland’s Rare Earths Read More »
