Original Article Published in the Hill As U.S. oil production booms, President Biden finds himself on a tightrope between courting moderate voters and maintaining enthusiasm among progressives. Domestic oil production is projected to hit record highs this year. That fact could be used to parry Republican attacks on the administration’s energy agenda as Biden seeks reelection, …
Biden Walks Political Tightrope on U.S. Oil Boom Read More »
The oil market could be heading for a supply crunch from 2025 onwards as oil exploration fails to keep pace with demand, Occidental Petroleum Chief Executive Vicki Hollub said on Tuesday. Hollub, who spoke on the sidelines of the World Economic Forum in Davos, said U.S. WTI crude prices could trade in the $80-$85 a …
Market to be Short Oil From 2025 Onwards, Occidental CEO at Davos Read More »
Bloomberg Protesters calling for an end to oil and gas exploration by Europe’s biggest supplier of natural gas have blockaded a planned gathering of oil executives and politicians in southern Norway. About 35 demonstrators from Extinction Rebellion blocked the entrance of the Scandic Park Sandefjord, making it impossible for some conference attendees to enter ahead …
Climate Activists in Norway Disrupt Gathering of Oil Chiefs Read More »
Ercot urges people to conserve energy Tuesday morning Texas grid holds up Monday despite record demand for winter Texas faces another power grid test Tuesday after surviving record winter demand as freezing weather strains electricity systems across North America. While the state’s grid held up Monday, its operator issued a conservation plea for 6 a.m. …
Texas Sets New Electricity Record, Faces More Tests From Freeze Read More »
(Reuters) – Oil prices rose on Tuesday, as investors weighed the impact of tensions in the Middle East. Brent crude futures gained 77 cents, or about 0.99%, to $78.92 a barrel at 1014 GMT. The contract had lost 14 cents on Monday. U.S. West Texas Intermediate crude was up 46 cents, or 0.63%, from Friday …
(Reuters) – The effective closure of the Red Sea to tankers carrying liquefied natural gas (LNG), while a concern, is unlikely to shift prices for the super-chilled fuel because other factors are driving the market. QatarEnergy, the world’s second-biggest LNG shipper, has stopped sending tankers via the Red Sea, a senior source with direct knowledge of …
Red Sea Disruptions Not (Yet) Enough to Trouble LNG Prices Read More »
(Reuters) – Shell is set to conclude nearly a century of operations in Nigerian onshore oil and gas after agreeing to sell its subsidiary there to a consortium of five mostly local companies for up to $2.4 billion. The British energy giant pioneered Nigeria’s oil and gas business beginning in the 1930s. It has struggled …
Shell to Exit Nigeria’s Troubled Onshore Oil After Nearly a Century Read More »
NEW YORK, Jan 16 (Reuters) – Developers of renewable energy projects selling unused U.S. tax credits to other companies now account for a market worth between $7 billion and $9 billion, buoyed by legislation in 2022 that made these trades possible, a new study shows. President Joe Biden’s climate law aimed to stoke trillions of dollars of investment to …
U.S. Energy Tax Credit Trading Grows to as Much as $9 billion, Study Finds Read More »
North Dakota oil production has fallen by 400,000 to 425,000 barrels per day and gas output is down 1.0 billion to 1.1 billion cubic feet per day on extreme cold and related operational issues, the North Dakota Pipeline Authority estimated on Monday. Canadian gas continued to flow to the U.S. midcontinent through the Northern Border …
North Dakota Oil Output Drops up to 425,000 Bpd on Freezing Weather Read More »
At least six further oil tankers have either diverted their course away from, or paused before entering the southern Red Sea since the weekend, ship tracking data from LSEG and Kpler show. That takes the total number of shipping disruptions counted by Reuters to at least fifteen in total since the U.S.-led strikes on Houthi …
More Oil Tankers shun Southern Red Sea After U.S.-led Strikes in Yemen Read More »
