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(Reuters) – Venezuela’s August oil exports hit their highest in more than four years, according to shipping data, fueled by expanded shipments to China, the U.S. and Europe as the risk of fresh U.S. sanctions grew amid an electoral dispute. The U.S. Treasury Department last year granted a broad license allowing Venezuela to freely export …
Venezuela’s Oil Exports Climb to Four-Year High in August Read More »
U.S. natural gas futures jumped about 6% to a seven-week high on Thursday on a smaller-than-expected storage build, rising gas flows to liquefied natural gas export plants and a continued decline in output so far this month. That price spike came despite forecasts for less hot weather over the next two weeks than previously expected, …
US Natgas Prices Jump 6% to 7-Week High on Small Storage Build, Rising LNG Feedgas Read More »
(Reuters) – The Matterhorn natural gas pipeline in Texas was moving small amounts of gas from the Permian basin in West Texas toward the Gulf Coast, executives at U.S. energy company Permian Resources said at the Barclays CEO Energy-Power Conference earlier this week. The Matterhorn is the biggest gas pipe under construction that is capable …
Texas Matterhorn Natgas Pipe Moving Some Gas, Say Permian Resources Executives Read More »
(Reuters) – U.S. crude stocks and distillate inventories fell while gasoline stocks rose in the week ending August 30, the Energy Information Administration (EIA) said on Thursday. Crude inventories fell by 6.9 million barrels to 418.3 million barrels in the week, the EIA said, compared with analysts’ expectations in a Reuters poll for a 993,000-barrel …
US Crude and Distillates Inventories Fall, Gasoline Stocks Rise, EIA Says Read More »
(Reuters) – An upcoming appearance by Exxon Chief Executive Darren Woods will give him a chance to tout the strong investor support he won despite a lawsuit targeting a few shareholders, and could provide some clarity around the impact of the litigation. Woods, slated to speak at a corporate governance conference in the New York …
(Reuters) – U.S. natural gas company Williams Cos is on track to add 12 projects representing about 4.2 billion cubic feet per day (bcfd) of capacity from 2024-2027, company CEO Alan Armstrong said at the Barclays CEO Energy-Power Conference on Wednesday. The additions come after the company placed 17 projects representing about 5.0 bcfd of …
(Reuters) – U.S. oil and gas producer Coterra Energy CEO Tom Jorden said on Wednesday the company plans to maintain its natural gas production shut-ins until there is an improvement in prices. Natural gas prices in the United States have stayed below $2 per million British thermal unit for most of the year due to …
Coterra to Maintain Production Shut-ins Amid Weak Natural Gas Prices Read More »
(Reuters) – U.S. energy company Chesapeake Energy was still curtailing natural gas output, the company’s CEO Nick Dell’Osso said at the Barclays CEO Energy-Power Conference on Wednesday. Low U.S. gas prices so far in 2024 prompted Chesapeake and several other gas suppliers to cut output. “We are curtailing volumes right now,” Dell’Osso said. He noted, …
Chesapeake Energy Still Curtailing US Natgas Output, CEO Says Read More »
(Reuters) – U.S. crude oil and fuel inventories fell last week, according to market sources citing American Petroleum Institute figures on Wednesday. The API figures showed crude stocks fell by 7.431 million barrels in the week ended Aug. 30, the sources said, speaking on condition of anonymity. Gasoline inventories fell by 336,000 barrels, and distillates …
API Shows Weekly US Crude, Fuel Stockpiles Fall, Market Sources Say Read More »
Sept 4 (Reuters) – If producer group OPEC+ doesn’t reduce production further, the average price of oil could drop to $60 per barrel in 2025 due to reduced demand and increased supply from non-OPEC countries, Citi said in a note on Wednesday. Citi said that while a technical rebound was possible, the market could lose …
Citi Says 2025 Oil Prices Could Average $60/bbl Without Deeper OPEC+ Cuts Read More »
