Conventional Energy

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TC Energy Confirms Latest Round of Job Cuts; Unspecified Number of Employees Affected

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

CALGARY — TC Energy Corp. has cut an unspecified number of jobs, primarily in Calgary and Houston, the pipeline company confirmed Wednesday. A company spokesperson said in an emailed statement the layoffs relate to TC Energy’s previously announced plans to integrate its Canada, U.S. and Mexico natural gas pipelines business units. The new job cuts …

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Oil Prices Slip on View U.S. Rate Cuts Could be Delayed

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

Summary Delayed rate cut expected, likely to buoy dollar China Jan-Feb crude imports rise U.S. crude stocks rose as gasoline, distillate stocks drop LONDON, March 7 (Reuters) – Oil prices slipped on Thursday as expectations that U.S. interest rate cuts could be delayed capped gains, though upbeat Chinese trade data augured well for demand in …

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U.S. Crude Stocks Rise More than Forecast as Refining Ramps Up – EIA

Conventional Energy, Energy Storage, Latest, Oil, US News / By

U.S. crude oil stockpiles last week rose less than expected as refining rates picked up sharply, data from Energy Information Administration (EIA) showed on Wednesday. Crude inventories rose for a sixth week in a row, building by 1.4 million barrels to 448.5 million barrels in the week ended March 1, the EIA said. Analysts had …

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Gas Prices Jump as Top US Driller Slashes Output to Fight Glut

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

Mild weather has sent US natural gas prices tumbling EQT cut production by 1 bcf per day starting in late February US natural gas prices surged after EQT Corp., the nation’s largest producer, said it will slash output after an unseasonably warm winter and the resulting supply glut triggered a price collapse. EQT will curtail about …

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Oil Up as OPEC+ Cuts Override China, US Demand Concerns

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

Summary China 5% growth target lacks concrete stimulus plans Investors on alert for U.S. rate cut signals Some oil supply tightness with OPEC+ cut extension LONDON, March 6 (Reuters) – Oil prices rebounded slightly on Wednesday after four days of declines as signs of supply tightness amid output cuts by major producers overrode demand concerns …

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Return of U.S. Oil Sanctions Would Clip Venezuela’s Output Gains

Conventional Energy, Latest, Oil, US News / By

A possible re-imposition of U.S. oil sanctions on Venezuela next month would stagnate the OPEC-member country’s crude output, wiping out the small gains it has achieved in recent years, analysts said on Tuesday. Washington has said it will allow to expire a temporary license it granted last year to Venezuela as part of negotiations for …

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Biden’s Scaled-Back Power Rule Raises Doubts Over U.S. Climate Target

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

(Reuters) – The Biden administration’s decision to exclude the existing U.S. fleet of natural gas power plants from upcoming carbon emissions regulations raises questions over the nation’s ability to meet its climate goals, according to researchers. Cleaning up the U.S. power industry, source of about a quarter of the nation’s greenhouse gas emissions, has been …

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U.S. Natgas Prices Jump 6% to 3-week High as Output Drops

Conventional Energy, Latest, Natural Gas, Tri-Pinned, US News / By

U.S. natural gas futures jumped about 6% to a three-week high on Monday as producers cut output after prices collapsed to a 3-1/2-year low in recent weeks. Front-month gas futures for April delivery on the New York Mercantile Exchange rose 11.7 cents, or 6.4%, to $1.952 per million British thermal units (mmBtu) at 1:05 p.m. …

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U.S. Natgas Producers Cut Spending, Output to Cope with Low Prices

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

U.S. natural gas producers are curbing their output and spending on drilling activity as an oversupplied market has brought the prices of the commodity down to multi-decade lows. In recent months, gas prices have dropped on near-record output and low heating demand from a mild winter, leaving ample amounts of gas in storage. Below is …

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Qatar’s Gas Push Has a Hidden Motive – Murdering Coal

CDN and International News, Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, LNG / By

The nation is seeking to exploit the energy transition by boosting LNG production. By Javier Blas Javier Blas is a Bloomberg Opinion columnist covering energy and commodities. He is coauthor of “The World for Sale: Money, Power and the Traders Who Barter the Earth’s Resources.” The energy transition will eventually be a zero-sum game — for …

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