Conventional Energy

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US Natgas Prices Jump 7% to 1-Year High on Surprise Storage Draw, Colder Forecasts

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

U.S. natural gas futures jumped about 7% to a one-year high on a surprise weekly withdrawal from storage, forecasts for colder weather and rising gas flows to liquefied natural gas export plants. The U.S. Energy Information Administration said utilities pulled 3 billion cubic feet (bcf) of gas from storage during the week ended Nov. 15. …

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US Natgas Producers Chase AI-Driven Surge in Power Demand to Weather Low Prices

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

By Mrinalika Roy Nov 21 (Reuters) – Shale gas producers in the U.S. Permian Basin are sounding out data-center operators building up capacity to power a boom in AI applications, aiming to ease the pressure from a nearly two-year slump in the prices of the commodity. Devon Energy (DVN.N), Expand Energy (EXE.O), Diamondback Energy (FANG.O), …

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China’s Surging LNG Imports From US Threatened by Next Trade War

Conventional Energy, Latest, LNG, US News / By

Chinese buyers to take 14 million tons starting from 2026 American gas exports to China halted for much of 2019 The US has boosted sales of liquefied natural gas to China this year, although the surge may not last if the incoming Trump administration collides with Beijing over trade. China imported 63% more of the super-chilled fuel …

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Europe and U.S. Push for Oil-Funding Curbs Deal to Outlast Trump

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

.Korea and Turkey have opposed a deal during OECD’s Paris talks EU, US working to finalize deal this week on financing cuts The EU, US and other countries are hammering out a plan to throttle tens of billions of dollars of financial support for foreign oil and gas projects, weeks before President-elect Donald Trump moves into the …

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Arbitration Claims Against LNG Exporter Venture Global Reach Close to $6 Billion

Conventional Energy, Latest, LNG, US News / By

Eight claims center on gas exporter’s spot sales, plant build Company has signaled plans to go public amid customer disputes Pending arbitration claims against liquefied natural gas exporter Venture Global LNG Inc. from several of its customers have grown to nearly $6 billion, according to a bond document seen by Bloomberg. Claims in cases by eight separate …

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US Natgas Prices Climb 4% to 5-Month High on Colder Forecast, Jump in LNG Feedgas

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

(Reuters) – U.S. natural gas futures climbed about 4% to a five-month high on Wednesday on forecasts for colder weather over the next two weeks than previously expected, which should cause utilities to start pulling gas out of storage to meet rising heating demand around the U.S. Thanksgiving day holiday next week. In addition, the …

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US Crude Stocks and Gasoline Inventories Rise, Distillate Stocks Fall, EIA Says

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

(Reuters) – U.S. crude stocks and gasoline inventories rose while distillate stockpiles fell in the week ending November 15, the Energy Information Administration said on Wednesday. Crude inventories rose by 545,000 barrels to 430.3 million barrels last week, the EIA said, compared with analysts’ expectations in a Reuters poll for a 138,000-barrel rise. Crude stocks …

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US Gulf Coast Crude Oil Imports Rise to Over Four-Year High, EIA Says

Conventional Energy, Latest, Oil, US News / By

(Reuters) – U.S. Gulf Coast commercial crude oil imports rose to 2 million barrels per day (bpd) last week, the highest since July 2020, data from the U.S. Energy Information Administration showed on Wednesday. The data, which excludes purchases made for the country’s Strategic Petroleum Reserve, showed Gulf Coast crude oil imports rose by about …

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OPEC+ May Stick With Deep Oil Cuts for Longer Due to Weak Demand

CDN and International News, Conventional Energy, Latest, Oil / By

(Reuters) – OPEC+ will have little room to manoeuvre on oil policy when it meets in December: it would be risky to increase output because of weak demand, and difficult to deepen supply cuts because some members want to pump more, sources and analysts said. The Organization of the Petroleum Exporting Countries and its allies …

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Asia’s Dark Fleet Hub Highlights Trump’s Oil Sanctions Headache

Conventional Energy, Latest, Oil, US News / By

The US president-elect wants to apply “maximum pressure” on Iran to curb revenue going back to Tehran. That’s easier said than done. Bloomberg News US President-elect Donald Trump wants to ratchet up sanctions pressure on Iran in order to curb oil revenue and thus the regime’s ability to fund proxy militias. A flotilla of aging …

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