By Grant Smith and Nayla Razzouk The conflicting positions of US President Donald Trump and major European governments came to the fore at a meeting of the west’s most important energy forecaster. For the first time in nine years, the International Energy Agency — created by developed nations in the 1970s to oversee energy security …
IEA Meeting Ends Without Unity as US Pushes to Scrap Net Zero Read More »
Investment firms, including KKR & Co. and Energy Impact Partners, are scouting for possible acquisitions. By Coco Liu and Brian Kahn qw(g}0ld37k}ipd0dgh0fd5m_media_dl_1.png BloombergNEF Clean-energy dealmaking is showing signs of a comeback in the United States after last year’s sharp contraction. One of the first notable transactions that may occur is BlackRock Inc.’s Global Infrastructure Partners …
Private Equity Targets Clean Energy After Steep Drop-Off in 2025 Read More »
(Reuters) – HOUSTON, Feb 19 – U.S. crude, gasoline and distillate inventories fell last week, the Energy Information Administration said on Thursday. Crude inventories fell by 9 million barrels to 419.8 million barrels in the week ended February 13, the EIA said, compared with analysts’ expectations in a Reuters poll for a 2.1 million-barrel rise. …
(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 »
