Summary Israeli forces intensify strikes on Rafah city Russia exports more crude in Feb after refinery attacks US sanctions firms, tanker over Russia price cap violation (Reuters) – Oil prices were on track for over 5% gains week-on-week on Friday, amid persistent tensions in the Middle East after Israel rejected a ceasefire offer from Hamas. …
Oil Heads For Weekly Gain as Middle East Conflict Rages Unabated Read More »
(The authors are Reuters Breakingviews columnists. The opinions expressed are their own.) By George Hay and Yawen Chen LONDON, Feb 9 (Reuters Breakingviews) – Geopolitical tensions in the Middle East aren’t registering with the oil market. Two years ago this month, the price of a barrel of Brent crude rocketed 30% to $120 in the …
Oil Investors are Adrift in Red Sea Rip Currents Read More »
Barclays, Britain’s biggest lender to the oil and gas industry, told Reuters it will stop direct financing of new oil and gas fields and restrict lending more broadly to energy companies expanding fossil fuel production. The move, part of its Transition Finance Framework (TFF), published on Friday, follows intense pressure from campaigners over its energy …
Barclays to Adopt Fresh Curbs on Oil and Gas financing Read More »
BP Plc is acting to restore its 435,000 barrel-per-day (bpd) Whiting, Indiana, refinery to normal operations following a full shutdown because of a Feb. 1 plant-wide power outage, a company spokesperson said on Thursday. “BP is making progress on the work to restore the refinery to normal operations,” company spokesperson Christina Audisho said in an …
BP Sees Progress on Restoring Indiana Refinery Operations Read More »
MADISON, Wis. (AP) — An attorney for the energy company Enbridge tried to persuade a federal appellate court Thursday to vacate an order that would shut down part of a pipeline running through a Wisconsin tribal reservation. The company contends that U.S. District Judge William Conley improperly ordered Enbridge to shut down a 12 mile (19 km) …
Enbridge Appeals to Vacate an Order That Would Shut Down its Pipeline Read More »
U.S. oil and gas producer Devon Energy has approached Enerplus, a peer with a market value of C$3.9 billion ($2.9 billion), with an acquisition offer, people familiar with the matter said on Thursday. Such a combination would continue the dealmaking spree seen in the North American oil patch in recent months, which has included many …
Shale Producer Devon Energy in Bid to Acquire Enerplus – Sources Read More »
A review of U.S. LNG that the Energy Department will conduct during a pause on new permits should weigh the impact of gas exports on the development of the emerging green hydrogen market, an administration official told Reuters on Wednesday. The DOE’s review will look at the economic and environmental impacts of projects seeking approval …
LNG Export Review Should Weigh Impact on Green Hydrogen Market, U.S. Official Says Read More »
Saudi Arabia is set to hire Citigroup Inc, Goldman Sachs Group Inc and HSBC Holdings Plc for a secondary share sale in Saudi Aramco, a deal that would raise about $20 billion, Bloomberg News reported on Thursday, citing people familiar with the matter. The state oil company is also in talks with other banks as …
Saudi Arabia to Hire Goldman, Citi, HSBC for Aramco Share Sale – Bloomberg News Read More »
The Republican National Committee has passed an unprecedented resolution that powerfully advocates for energy freedom in America. By Alex Epstein I don’t identify as a Republican or a Democrat, and since 2022 I’ve made it a policy not to support any political party nor anyone’s candidacy for elected office. However, I am always happy to give …
COMMENTARY: A Landmark Energy Freedom Resolution From the RNC – Alex Epstein Read More »
Senate hearing to investigate Biden’s LNG export freeze Manchin worried ‘White House will put its thumb on the scale’ Bloomberg The White House’s pause on new liquefied natural gas export approvals is unjustified and should be “reversed immediately” if a study of the shipments is only beginning now, Senator Joe Manchin plans to say at …
Biden Politics: Manchin Says LNG Export Pause Unjustified, Should Be Reversed Read More »
