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(Reuters) – The U.S. has bought 6 million barrels of oil for the Strategic Petroleum Reserve for delivery through May 2025, the Department of Energy said on Monday. The purchases are part of an effort to replenish stockpiles after President Joe Biden ordered the largest ever sale from the reserve in 2022 of 180 million …
US Buys 6 Million Barrels of Oil for Strategic Petroleum Reserve Read More »
Only 3% of crude oil and 1% of natural gas production in the Gulf of Mexico remained shut down in the aftermath of Hurricane Helene, the U.S. Bureau of Safety and Environmental Enforcement (BSEE) said on Sunday. Currently, energy producers are left with 59,000 barrels per day of oil production and nearly 17 million cubic …
Oil Production in U.S. Gulf of Mexico Recovers Post Hurricane Helene Read More »
Similar measures aimed at using labels to inform consumers about the air pollution emissions associated with gas stoves have failed in Illinois and New York. California Gov. Gavin Newsom on Friday vetoed a bill that would have required gas stoves sold in the state to come with warning labels about their air pollution emissions and …
California Governor Rejects Health Warnings on Gas Stoves Read More »
(Reuters) – The U.S. on Monday said it closed a $1.52 billion loan to resurrect Holtec’s Palisades nuclear plant in Michigan, and a senior Biden administration official said it could take two years to reopen the plant, which is longer than the company predicted. President Joe Biden’s administration has called for a tripling of U.S. …
U.S. Closes $1.52 Billion Loan to Resurrect Michigan Nuclear Plant Read More »
(Reuters) – The three largest U.S. energy exploration companies paid more than $42 billion to foreign governments last year, about eight times more than what they paid in the United States, according to regulatory filings. The disclosures from Exxon Mobil, Chevron Corp, and ConocoPhillips were required this year for the first time ever under a new …
Big U.S. Oil Companies Reveal Massive Payments to Foreign Governments Read More »
(Reuters) – Russia will pursue its own climate-related goals and put forward proposals on tackling global warming as an alternative to the agenda promoted by the West, Deputy Energy Minister Pavel Sorokin said on Friday. His comments could be a precursor for potential clashes at the COP29 U.N. climate summit, which is due to take …
Russia Seeks to Counter West’s Climate Agenda with Gas, Nuclear Power Read More »
Summary Investment firm tops rival offers by CVR Energy, Gold Reserve Bid combining cash, credit is subject to court case resolutions Elliott’s interest in Citgo follows good results from stakes in Marathon Petroleum, Phillips 66 HOUSTON, Sept 27 (Reuters) – An affiliate of Elliott Investment Management on Friday was named the presumptive winner in a …
Elliott Affiliate Wins Citgo Share Auction with $7 Billion Conditional Offer Read More »
By Reuters MOSCOW, Sept 28 (Reuters) – Russia is ready to take the case of the Nord Stream pipeline explosions to court if the West fails to investigate the matter, its foreign ministry said on Saturday. The multi-billion dollar Nord Stream 1 and 2 pipelines transporting gas under the Baltic Sea were ruptured by a series …
Russia Ready to Take Nord Stream Blasts Issue to Court Read More »
Summary Oil settles higher but falls on the week Investors weigh OPEC+ decision to ramp up production China’s central bank lowers interest rates Gulf of Mexico operations resume after Hurricane Helene HOUSTON, Sept 27 (Reuters) – Oil prices settled higher on Friday but fell on the week as investors weighed expectations for higher global supply …
Oil Settles Higher But Falls on the Week on Firmer Supply Outlook Read More »
The U.S. government is “studying very closely” the possibility of imposing additional sanctions on individuals in Venezuela as well as potential revoking licenses for oil companies working in the South American country, in response to what it dubs a fraudulent election, a senior official said on Friday. Brian Nichols, U.S. assistant secretary of state for …
