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US Crude Stockpiles Draw Unexpectedly on Export, Refinery Demand, EIA Says

Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, Oil, US News / By

(Reuters) – U.S. crude oil stockpiles fell unexpectedly last week on higher export and refinery demand, while gasoline drew down for a ninth straight week, the Energy Information Administration said on Wednesday. Crude inventories fell by 2.7 million barrels to 440.4 million barrels in the week ended April 25, the EIA said, compared with analysts’ …

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Equinor Says it Could Lose Billions on Trump’s Wind Power Clampdown

Latest, Renewable Energy, US News, Wind / By

(Reuters) – Equinor stands to lose billions of dollars on its massive wind power project offshore the state of New York unless U.S. President Donald Trump’s administration reverses a decision to halt the construction, the Norwegian group said on Wednesday. In a blow to the nascent U.S. offshore wind industry, Interior Secretary Doug Burgum said …

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ENERGY NORTH: Canadian Premier Smith Lashes Out at New Prime Minister, Liberals, Wants New Deal – Frustrated at “Overtly Attacked” Industry

CDN and International News, Conventional Energy, Latest, LNG, Natural Gas, Oil / By

Alberta Premier Danielle Smith challenges Mark Carney to improve the relationship between Alberta and the federal government, citing frustration over policies that “overtly attacked” the province’s economy. Smith demands “meaningful action” to reset the relationship, warning that Albertans will no longer tolerate threats to their industries and resources. The Alberta government will hold a caucus …

ENERGY NORTH: Canadian Premier Smith Lashes Out at New Prime Minister, Liberals, Wants New Deal – Frustrated at “Overtly Attacked” Industry Read More »

Ukraine Ready to Sign US Resources Deal in a Matter of Hours

Energy Topics & Technology, Latest, Minerals, US News / By

Ukraine is ready to sign a natural resources deal with the US, which could bolster Washington’s support for Kyiv by strengthening their economic partnership. The draft agreement, which has been finalized, may be signed as soon as Wednesday and will allow the US privileged access to new investment projects to develop Ukraine’s natural resources. The …

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AI Topics for Your Management and Board of Directors – Part 1 – Yogi Schulz

Artificial Inteligence, Energy Topics & Technology, Exploration & Production, Latest, US News / By

By Yogi Schulz AI is sweeping through most organizations. It’s out of control, like the Wild West. AI output is showing up in reports and presentations. The Apple App Store and Google Play offer many free AI apps of varying quality. Every AI software vendor provides access to their prompt website. AI output is part …

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Elliott Has a Point on BP’s Ballooning costs

CDN and International News, Conventional Energy, Latest, Oil / By

(Reuters Breakingviews) – Elliott Investment Management has a point about BP. Paul Singer’s activist investor group wants the $76 billion oil major, which reported on Tuesday, to cut costs more aggressively. Having allowed key operating expenses to balloon $10 billion since 2019 – or 30% – BP has minimal grounds to push back. Elliott, now BP’s …

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