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Oil Falls as China’s Economic Recovery Disappoints, Dollar Strengthens

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary China Q4 GDP grows 5.2% vs poll’s 5.3% China’s 2023 refinery throughput hits record high Dollar near 1-mth high as Fed rate cut expectations ease (Reuters) – Oil fell more than $1 on Wednesday as economic growth in China, the world’s second-largest crude user, slightly missed expectations, raising concerns about future demand, while U.S. …

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Wind, Solar to Lead U.S . Power Generation Growth Over Next 2 Years, EIA Says

Latest, Renewable Energy, Solar, Tri-Pinned, US News, Wind / By

(Reuters) – Wind and solar are set to lead U.S. power generation growth for the next two years following new renewable energy instillations, Energy Information Administration (EIA) said on Tuesday. U.S. solar power generation is expected to grow 75% to 286 billion kilowatt hours (kWh)in 2025 from 163 billion kWh in 2023 as more generation …

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Deep Freeze Hits U.S. Oil Industry From North Dakota to Texas

Conventional Energy, Latest, Natural Gas, Oil, Pinned Primary, US News / By

Summary Texas refineries report malfunctions as equipment freezes Some refineries performing overhauls planned months ago HOUSTON, Jan 16 (Reuters) – A severe winter storm shut a U.S. Gulf Coast refinery in Texas on Tuesday, triggered malfunctions at others and halved North Dakota oil production as it dumped snow and rain across a broad swath of …

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Biden Urged to Use Obscure Law to Thwart TC Energy Pacific Northwest Pipeline Expansion

Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Pipelines / By

Activists tout decades-old law to advance climate agenda TC Energy plans expansion of gas pipeline in Pacific Northwest Joe Biden Environmentalists are urging the White House to use an obscure legal tool to thwart TC Energy Corp.’s planned expansion of a natural gas pipeline in the Pacific Northwest that they say would stoke climate change. The …

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U.S. Oil Output Due to Drop in February for Fifth Straight Month, EIA Says

Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Oil, Shale, US News / By

U.S. oil output from top shale-producing regions is due to decline in February for the fifth consecutive month, the U.S. Energy Information Administration (EIA) said in a monthly report on Tuesday. Oil output is set to fall to 9.68 million barrels per day (bpd) next month, driven by declines in the Eagle Ford and Bakken …

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Deep Freeze Triggers U.S. Gulf Coast Refinery Shutdown

Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Oil, Refineries, US News / By

 TotalEnergies’ 238,000 barrel-per-day (bpd) refinery in Port Arthur, Texas, was examining units after a plantwide power outage on Tuesday morning as a winter storm brought frigid temperatures to the U.S. Gulf Coast, sources familiar with the company’s operations said.Flint Hills Resources said its 343,000-bpd refinery in Corpus Christi, Texas, sustained significant impacts from unseasonably cold …

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U.S. Natural Gas Demand Eyes Record as Arctic Blast Dents Output

Conventional Energy, Latest, Natural Gas, US News / By

U.S. natural gas supplies fell to near a 13-month low on Monday as an Arctic blast across much of the country froze wells, while demand for the fuel for heating and power generation was set to hit a record high on Tuesday. In Texas, meanwhile, the state’s power grid operator, the Electric Reliability Council of …

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How To Keep Your Digital Energy Job Even If Your Company is Acquired – Geoffrey Cann

Latest, US News / By

Go from survive to thrive in a few easy steps. By Geoffrey Cann If you’re working on a digital innovation when your oil and gas company has been acquired, you’re at risk, and you need a plan. Why The Industry Is In Turmoil Let’s be frank. The oil and gas industry is the poster child for a fast turning …

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Biden Walks Political Tightrope on U.S. Oil Boom

Conventional Energy, Latest, Natural Gas, Oil, US News / By

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, …

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Market to be Short Oil From 2025 Onwards, Occidental CEO at Davos

Conventional Energy, Latest, Oil, US News / By

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 …

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