(Reuters) – Oil prices gained ground on Thursday as investors considered the impact of Israel’s rejection of a ceasefire offer from Hamas and unexpected drops in U.S. fuel stocks. Brent crude futures rose 81 cents, or 1.02%, to $80.02 a barrel by 1239 GMT. U.S. West Texas Intermediate crude futures were up 72 cents, or …
Oil Rises on Gaza Ceasefire Rejection and U.S. Stock Data Read More »
BP Plc plans to keep the 435,000 barrel-per-day (bpd) Whiting, Indiana refinery shut for up to three weeks for inspections of units and piping following a Feb. 1 plant-wide power outage, said people familiar with operations on Wednesday. The inspections could be completed in as short a time as two weeks, the sources said. (Reporting …
BP Whiting, Indiana Refinery to be Shut up to Three Weeks Read More »
With prices dropping during the four months since Hamas attacked Israel, producers will need to stick with current curbs. OPEC+ plans to decide in the coming weeks on extending oil supply cutbacks into the second quarter. But its choice looks like an open-and-shut case. Saudi Arabia and its allies are withholding roughly 2 million barrels of daily …
OPEC+ Oil Cut Decision Is Really No Choice at All Read More »
By the Bloomberg The Editorial Board The Editorial Board publishes the views of the editors across a range of national and global affairs. Halting new approvals of exports is bad for the US, bad for America’s allies and most likely bad for the climate. President Joe Biden’s Department of Energy has halted pending approvals of exports of liquefied natural gas …
Biden decision was political, Nick Dell’Osso says in interview One-year pause is ‘meaningful’ for the industry, he says The Biden administration’s pause on new licenses to export liquefied natural gas will hurt consumers, the environment and US allies, according to the head of one of the country’s top gas producers. “It works counter to a number of …
Chesapeake CEO Says Biden’s LNG Review Hurts Consumers and U.S. Allies Read More »
NEW YORK, Feb 7 (Reuters) – U.S. crude stocks rose as oil refiners took in less oil, following extreme cold weather that knocked out utilization last month, the Energy Information Administration said on Wednesday. Crude inventories rose by 5.5 million barrels to 427.4 million barrels in the week ended Feb. 2, the EIA said, compared …
U.S. Crude Stocks Rise as Oil Refiners Take in Less Oil – EIA Read More »
STOCKHOLM, Feb 7 (Reuters) – Sweden announced on Wednesday that it had dropped its investigation into the explosions in 2022 on Nord Stream pipelines carrying Russian gas to Germany and had handed evidence it had uncovered over to German investigators. Here is what we know so far about the blasts, which destroyed three out of four pipelines, …
NORD STREAM: What’s Known About the Mystery Pipeline Explosions? Read More »
Farmers rioting in Paris courtesy of the Associated Press The streets of Paris have been transformed from très chic to ‘tractor chic’ as farmers increasingly challenge European sustainability laws over the past few weeks. What happened: Tractors have been piling up on autobahns as farmers protest in a number of European cities. Spain just joined the protest country list which …
Tractor Jam in the Streets of Europe – ENERGYminute Read More »
By Katrina Hamlin Table salt is pictured in this illustration following the Food and Drug Administration’s new guidelines for sodium intake in the Manhattan borough of New York City, New York, U.S., October 13, 2021. REUTERS/Carlo Allegri/Illustration HONG KONG, Feb 7 (Reuters Breakingviews) – It is a truth only recently acknowledged by Tesla (TSLA.O) CEO Elon …
COMMENTARY: A Pinch of Salt Could Unsettle Electric-Car Order Read More »
Summary Sector offered record returns of $111 bln in 2023 Yet profits dropped sharply from 2022’s peak Boards promise discipline, stability amid uncertain outlook (Reuters) – Big Oil firms are handing shareholders more money than ever and are promising more going forward in an attempt to reassure investors of their discipline and resilience in the …
Big Oil Offers Record Returns to Lure Investors back Read More »
