U.S. natural gas futures eased about 1% on Tuesday from a 15-week high in the prior session on forecasts for lower demand over the next two weeks than previously expected and worries about a big oversupply of gas in storage. Analysts forecast the amount of gas in storage was around 31% above normal levels for …
U.S. Natgas Prices Ease on Lower Demand Forecast, Storage Oversupply Read More »
(Reuters) – The U.S. Energy Department on Tuesday said it has offered a conditional loan guarantee of up to $1.66 billion to Plug Power Inc to help it build up to six plants to produce clean hydrogen. The hydrogen fuel from the plants is expected to power fuel cell-electric vehicles used in material handling, transportation, and …
U.S. Offers Conditional $1.66 Billion Loan to Hydrogen Producer Plug Power Read More »
The April meeting with the JPMorgan CEO took place in New York Banks are being examined for their stance on oil and gas JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon met with Texas Attorney General Ken Paxton as the Republican official threatens to bar more banks from helping the state and its local governments sell bonds to raise …
JPMorgan Chase & Co. CEO Met With Texas AG as State Bans Banks Over ESG Policies Read More »
Asian margins for the fuel have almost halved since February The drop in profits has come as a surprise: Wood Mackenzie Returns from making diesel have fallen sharply over the last few months as supply of the industrial and transport fuel has outpaced demand, spurring refiners to cut run rates and focus on producing gasoline …
Diesel in the Doldrums as Weak Demand Prompts Refiner Run Cuts Read More »
His company, Irving Oil, owns more than 900 gas stations ‘He’ll be considered one of the great oilmen in North America’ Arthur L. Irving, the Canadian billionaire who modernized the nation’s largest refinery, expanded a network of service stations bearing his family’s name and helped win support for a cross-country oil pipeline, has died. He …
Arthur L. Irving, Billionaire Canadian Oilman, Dies at 93 Read More »
Proxy advisory firm ISS recommended on Monday that Hess shareholders abstain from voting for Chevron’s proposed $53 billion acquisition of Hess. Hess shareholders are set to vote on the deal at a meeting scheduled for May 28. ISS questioned the timing for the vote amid uncertainty around the deal due to an arbitration process filed …
ISS Recommends Hess shareholders Abstain from Voting for Merger with Chevron Read More »
The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) held steady on Monday:* WCS for June delivery in Hardisty, Alberta, settled at $12.75 a barrel below WTI, according to brokerage CalRock, unchanged from Friday’s closing price. * Canadian heavy crude has strengthened this month as the …
In February, natural gas prices dropped below $2/MMBtu and stayed there. How is the market handling it, and when will the price pick back up?
U.S. oil output from top shale-producing regions will rise in June to its highest in six months, the U.S. Energy Information Administration (EIA) said in its monthly Drilling Productivity Report on Monday.Production in the top basins will reach 9.85 million barrels per day (bpd), its highest since December, the EIA said. Shale production, which represents …
U.S. Oil Output in Top Shale Regions to Hit Six-Month High in June, EIA Says Read More »
Here’s a roundup of the latest E&P headlines, with a couple fields coming online, as well as new contract awards.
