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Shift to electric vehicles, liquefied natural gas cut usage Europe remains biggest destination for American crude exports US crude exports to China plunged by almost half this year as shifts in the nation’s economy weighed on demand and it bought more barrels from other countries including Russia and Iran. Exports of US oil to China …
US Oil Exports to China Dwindle as Demand Wanes, Buying Shifts Read More »
More From Irina Slav I was going to wrap this eventful year with a nice little post of gratitude but, as usual, the news flow has forced me to revise my plans. So much has happened in the last week days failing to report on it would be a real shame. You may want to …
U.S. natural gas futures rose on Tuesday to hover near a 23-month high hit in the previous session, on an increase in the amount of gas flowing to liquefied natural gas (LNG) export plants, and forecasts for more cold weather in January leading to increased heating demand than what was previously expected. Front-month gas futures …
US Natgas Prices Rise on Increased LNG Feedgas, Heating Demand Read More »
Summary • API shows US crude stocks fall 3.2 million barrels, sources say • China to ramp up fiscal support for consumption next year • World Bank raises China’s GDP forecast for 2024, 2025 • Coming up: EIA supply report on Friday (Reuters) – Oil edged higher on Thursday in thin holiday trade driven by …
Oil Edges Up on China Stimulus Hopes, US Inventory Drop Read More »
Halting the progress made toward an energy transition is high on the next White House’s agenda. By Liam Denning The energy transition sustained an electoral trauma as 2024 drew to a close. The incoming administration of President-elect Donald Trump promises to undo at least some of the progress made on decarbonization under President Joe Biden. But …
2025 – Can Biden’s Green Boom Survive Trump’s Wrecking Ball? Read More »
Emissions of the gas dropped by 26% in 2023, S&P Global says Decline comes amid Biden rules that face a threat with Trump Methane emissions in the largest US oil basin plunged 26% last year as companies tightened operations and deployed new technology to stop leaks of the potent greenhouse gas, according to a study by S&P …
Methane Emissions in Permian Basin Fall as Drillers Plug Leaks Read More »
(Reuters) – Oil prices rose on Tuesday, reversing the prior session’s losses, buoyed by a slightly positive market outlook for the short term, despite thin trade ahead of the Christmas holiday. Brent crude futures were up 36 cents, or 0.5%, at $72.9 a barrel, and U.S. West Texas Intermediate crude futures rose 34 cents, also …
Russia-Ukraine gas transit deal expires at end of year Ukraine has refused to extend the agreement Russia willing to continue delivering gas via Ukraine Slovakia says loss of supplies from east would drive up prices MOSCOW, Dec 23 (Reuters) – Russia said on Monday the situation with European countries that buy its gas through a …
Russia Calls Gas Sales to Europe ‘Complicated’ as Deal With Ukraine Nears End Read More »
(Reuters) – A plan discussed by wealthy nations to throttle tens of billions of dollars in public support for oil and gas projects has broken down without agreement, Bloomberg News reported on Monday. The European Union, UK, the United States and other countries had sought the deal to limit export-credit agency finance for global fossil-fuel …
Plan to Throttle Foreign Fossil Fuel Finance Collapses at OECD, Bloomberg Reports Read More »
Summary • Renewed hope on rate cuts after a benign inflation reading • Market surplus to drag down oil prices in 2025 (Reuters) – Oil prices stabilised on Monday after losses last week as lower-than-expected U.S. inflation data offset investors’ concerns about a supply surplus next year. Brent crude futures were down by 17 cents, …
Oil Prices Stable on Monday as Data Offsets Surplus Concerns Read More »
