Conventional Energy

Auto Added by WPeMatico

US Gasoline Stockpiles Hit 2-Year Low on Stronger Demand, EIA Says

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

By Georgina Mccartney HOUSTON, Oct 30 (Reuters) – U.S. gasoline stockpiles fell unexpectedly last week to a two-year low on strengthened demand, the Energy Information Administration (EIA) said on Wednesday, while crude inventories also posted a surprise drawdown as imports slipped. Gasoline stocks (USOILG=ECI) fell by 2.7 million barrels in the week ending Oct. 25 …

US Gasoline Stockpiles Hit 2-Year Low on Stronger Demand, EIA Says Read More »

US LNG Export Gains at Risk if Trump Wins Election and Boosts Tariffs, Analysts Say

Conventional Energy, Latest, LNG, US News / By

By Curtis Williams A return of US-China trade tensions could undercut gas exports Harris campaign has no comment on Biden LNG permitting pause Re-exporting LNG to avoid tariffs could disrupt other sales HOUSTON, Oct 30 (Reuters) – U.S. exporters of liquefied natural gas (LNG) could face new hurdles if Republican Donald Trump wins the presidential …

US LNG Export Gains at Risk if Trump Wins Election and Boosts Tariffs, Analysts Say Read More »

EQT Sees Data Centers and Coal Retirements Driving Natural Gas Demand

Conventional Energy, EnergyNow News and Press Releases, Latest, Natural Gas, US News / By

EQT Corp projected data centers and coal plant decommissioning could boost natural gas demand by up to 10 billion cubic feet per day by 2030, the Appalachian basin-based natural gas producer said on a post-earnings conference call on Wednesday. Shares of the company were up more than 2% in afternoon trading, buoyed by an uptick …

EQT Sees Data Centers and Coal Retirements Driving Natural Gas Demand Read More »

ConocoPhillips Explores Sale of Permian Shale Assets Worth Over $1 Billion, Sources Say

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Oil, Shale, US News / By

ConocoPhillips is exploring a sale of some of its shale operations in the Permian Basin worth more than $1 billion, two years after an unsuccessful attempt to find a buyer for the same assets, people familiar with the matter said on Wednesday. The Houston, Texas-based oil and gas producer is looking to shed some non-core …

ConocoPhillips Explores Sale of Permian Shale Assets Worth Over $1 Billion, Sources Say Read More »

Refiner Phillips 66 reports Q3 profit beat on midstream, chemicals strength

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

(Reuters) – Phillips 66 beat quarterly profit estimates on Tuesday as strength in its chemicals and midstream segments helped the refiner more than offset a slump in refining margins from lackluster fuel demand. The company, which owns nearly 72,000 miles of U.S. pipeline systems, has moved more fuel this year than before as it expands …

Refiner Phillips 66 reports Q3 profit beat on midstream, chemicals strength Read More »

US Seeks Up to 3 Million Barrels of Oil for Emergency Reserve

Conventional Energy, Latest, Oil, US News / By

Summary Move marks latest effort to increase oil reserve after 2022 sale Unclear how much money is left to buy more oil Future SPR replenishment depends on Congress amid political challenges (Reuters) – The U.S. on Monday said it is seeking up to 3 million barrels of oil for the Strategic Petroleum Reserve for delivery …

US Seeks Up to 3 Million Barrels of Oil for Emergency Reserve Read More »

Gates-Backed Reactor Company, ASP Isotopes Plan Plant to Make Nuclear Fuel

Conventional Energy, Latest, Nuclear, US News / By

WASHINGTON, Oct 30 (Reuters) – The Bill Gates’ funded reactor company TerraPower and ASP Isotopes said on Wednesday they have struck a deal to produce a new fuel, now only made in commercial amounts in Russia, for an expected next generation of nuclear power plants. WHY IT’S IMPORTANT Nuclear power gets support from both major U.S. …

Gates-Backed Reactor Company, ASP Isotopes Plan Plant to Make Nuclear Fuel Read More »

Oil Hovers Near One-Month Lows With Supply Drivers Back in Focus

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

Summary Brent, WTI inch up 0.5% Markets eye potential Israel-Hezbollah peace deal U.S. crude inventories unexpectedly fall – API To come: US EIA weekly data at 1430 GMT (Reuters) – Oil prices held steady near one-month lows on Wednesday, after sliding in the previous two sessions, as markets weighed a potential ceasefire between Israel and …

Oil Hovers Near One-Month Lows With Supply Drivers Back in Focus Read More »

US Sets New Safety Measures as Deep Sea Oil Drillers Test New Depths

Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Offshore, Oil / By

Summary New rules add some specific equipment and reporting requirements Applies to projects with more than 15,000 PSI, or more than 350F Regulators expect rise in ultra-high pressure projects BP awards SLB a key contract for ultra-high pressure Kaskida project HOUSTON, Oct 29 (Reuters) – The Bureau of Safety and Environmental Enforcement (BSEE) rolled out …

US Sets New Safety Measures as Deep Sea Oil Drillers Test New Depths Read More »

U.S. Elections Pose Bearish Risk to Global LNG Markets, Goldman Says

Conventional Energy, Latest, LNG, US News / By

The upcoming U.S. election could pose a bearish risk to global natural gas markets, specifically liquefied natural gas (LNG), despite the anticipated limited near-term impact on domestic markets, Goldman Sachs said on Tuesday. “Any significant changes to U.S. sanctions or tariff policies would potentially soften LNG and thus European and Asian gas markets at the …

U.S. Elections Pose Bearish Risk to Global LNG Markets, Goldman Says Read More »

Subscribe
Subscribe