Conventional Energy

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About 12% of North Dakota’s Oil Output Shut Down by Cold Weather

Conventional Energy, Latest, Oil, US News / By

HOUSTON, Jan 20 (Reuters) – North Dakota’s oil production was estimated to be down by between 125,000 barrels per day (bpd) and 150,000 bpd due to extreme cold weather and related operational challenges, the state’s pipeline authority said on Monday. North Dakota is the third-largest oil-producing state in the country and the impacted production represents …

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US NatGas Futures Drop in Quiet Trade; Frigid Weather Drives Up Spot Rates

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

(Reuters) – U.S. natural gas futures dropped to a near one-week low in holiday-thinned trade on Monday on forecasts of less cold weather starting late January, even as spot rates climbed as frigid cold conditions for most of the U.S. boosted demand for heating. Front-month gas futures for February delivery on the New York Mercantile …

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What DC Energy Lobbyists Really Think About Trump

Coal, Conventional Energy, Latest, LNG, Natural Gas, Nuclear, Oil, US News / By

Unlike Joe Biden, the incoming president is overtly pro-fossil fuels. But the US oil and gas industry still sees risks ahead. Welcome to our guide to the commodities powering the global economy. Today, senior reporter Jennifer Dlouhy writes about what lies ahead for the US oil and gas industry under Donald Trump. The US will …

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Trump to Declare National Energy Emergency, Unlocking New Powers

Conventional Energy, Latest, LNG, Natural Gas, Oil / By

President-elect to invoke powers on day one: people familiar Actions set to touch full spectrum of the US energy industry Bloomberg News President-elect Donald Trump is poised to invoke emergency powers as part of his plan to unleash domestic energy production while seeking to reverse President Joe Biden’s actions to combat climate change, according to …

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Republican-Led States Sue Biden Administration Over Offshore Drilling Ban

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

Summary • Biden announced ban on Jan. 6, saying it helps fight climate change • Trump says he will reverse it • Republican-led states joined by trade groups in their lawsuit (Reuters) – A group of Republican-led states filed a lawsuit on Friday challenging a ban announced by outgoing Democratic U.S. President Joe Biden earlier …

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US Drillers Cut Oil and Gas Rigs to Lowest Since Dec 2021, Baker Hughes Says

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

(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row to the lowest since December 2021, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, …

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US NatGas Prices Drop 5% From 2-Year High on Milder Late Jan Weather Forecasts

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

(Reuters) – U.S. natural gas futures dropped about 5% on Friday from a two-year high in the prior session on forecasts for milder weather in late January and early February that should cut demand for gas for heating. This weekend, however, extreme cold weather over the Martin Luther King Jr. and Inauguration Day holidays was …

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IMF Lowers 2025 Saudi Arabia Growth Forecast on Extended Oil Production Cuts

CDN and International News, Conventional Energy, Energy Topics & Technology, Forecasts, Latest, Oil / By

(Reuters) – The International Monetary Fund has lowered its 2025 GDP growth projection for Saudi Arabia to 3.3%, mainly due to extended oil production cuts, it said on Friday in the latest update to its global outlook. It also trimmed its 2024 growth estimate for the Gulf state to 1.4%. In its October Regional Economic …

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