Conventional Energy

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U.S. Dependence on Canada’s Oil Should Deter Trump Tariffs, Industry Says

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

Summary Most of Canada’s 4 million bpd of oil exports to go U.S. U.S. cannot easily replace Canadian barrels Stronger U.S. dollar could benefit Canadian producers, says analyst (Reuters) – Canada’s energy industry does not expect U.S. President-elect Donald Trump’s broad plans for protectionist trade measures will include tariffs on Canadian oil imports, because many …

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U.S. Sets Methane Fee on Oil, Gas Emitters as Biden Term Winds Down

Conventional Energy, Energy Topics & Technology, Latest, Methane, Natural Gas, US News / By

A flare burns off excess gas from a gas plant in the Permian Basin in Loving County, Texas, U.S., November 21, 2019. REUTERS/Angus Mordant/File Photo Summary Repeal of methane fee likely during Trump presidency Methane fee starts at $900 per metric ton in 2024 Applies to facilities emitting over 25,000 T of CO2 equivalent annually …

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US Natgas Prices Soar 10% to 5-Week High on Output Drop, Jump in Demand

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

U.S. natural gas futures soared about 10% to a five-week high on Monday on a drop in daily output over the past few days and forecast for much cooler weather and more heating demand over the next two weeks than previously expected. That heating demand should cause utilities to start pulling gas out of storage …

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EU’s Von der Leyen Suggests US LNG Could Replace Russian Supply

Conventional Energy, Latest, LNG, US News / By

Commission president spoke to Trump about energy, other topics US is already top source of LNG for the European Union European Commission President Ursula von der Leyen has an idea for reducing the bloc’s consumption of Russian liquefied natural gas: import more from America. That’s among the subjects she mentioned during a recent phone call with US …

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Trump Win Upends the Fight for Climate Cash at COP29

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

Nearly 200 nations meeting at an annual United Nations summit this week must now consider how to avoid catastrophic climate change without help from the world’s biggest economy. This year’s United Nations’ climate talks were never going to be easy. The world is in the midst of two major wars in Ukraine and the Middle East. COP29, as the summit …

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Trump’s Plan to Unleash Oil Will Hit a Cash Problem

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

Fossil-fuel executives backed the Republican’s campaign but don’t necessarily share his views on production growth. Pumpjacks operate on oil wells in the Permian Basin, Texas.   Bloomberg Days before being elected the 47th US president, Donald Trump made a bold promise that he’d slash energy prices by 50%. “I’ll get those guys drilling,” he told supporters …

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More Than a Quarter of U.S. Gulf of Mexico Oil, 16% of Natural Gas Offline

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

By Reuters (Reuters) – More than a quarter of U.S. Gulf of Mexico oil and 16% of natural gas output remained offline in the aftermath of storm Rafael, the U.S. offshore energy regulator reported on Sunday. There were 482,790 barrels of oil and 310 million cubic feet of natural gas production shut-in on Sunday, offshore regulator …

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Oil Falls as China Stimulus Fails to Boost Sentiment, US Dollar Strength

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

Summary Brent, WTI falls over 1% on China, US dollar strength China’s latest stimulus package fell short of expectations US storm Rafael subsides Nov 11 (Reuters) – Oil prices fell on Monday, after China’s stimulus plan disappointed investors seeking fuel demand growth in the world’s No. 2 oil consumer and as the U.S. dollar edged …

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Over 23% of Crude Oil Production Shut in US Gulf of Mexico Due to Hurricane Rafael

Conventional Energy, Latest, Oil, US News / By

(Reuters) – Over 23% of crude oil production and 10% of natural gas output in the U.S. Gulf of Mexico was shut in response to Hurricane Rafael, the U.S. Bureau of Safety and Environmental Enforcement said on Friday. Energy producers had shut in 408,830 barrels per day of oil production and nearly 201 million cubic …

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Biden Administration Buys Last Oil for Emergency Reserve as Fund Taps Out

Conventional Energy, Latest, Oil, US News / By

(Reuters) – The Biden administration said on Friday it has bought its last batch of oil for the Strategic Petroleum Reserve after selling a record amount from the facility in 2022 to counter fuel prices that had risen after Russia’s invasion of Ukraine. The Department of Energy said it had bought 2.4 million barrels of …

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