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France’s TotalEnergies expands its natural gas footprint in the United States through a deal reached with Lewis Energy Group to acquire a 45% stake in some dry gas producing assets in the Eagle Ford basin in Texas, the company said on Friday. WHY IT’S IMPORTANT TotalEnergies’ is one of the top exporters of U.S.-made Liquified …
TotalEnergies Buys More Gas Assets in Texas to Boost Value Chain Read More »
U.S. natural gas futures held near a three-month high on Friday as Hurricane Helene battered the U.S. Southeast after causing Gulf of Mexico producers to cut output and millions of power outages in Florida, Georgia and the Carolinas. On its first day as the front-month, gas futures for November delivery on the New York Mercantile …
U.S. Natgas Prices Hold Near 3-Month High as Helene Batters U.S. Southeast Read More »
Three years ago, Russia was the world’s biggest exporter of natural gas and Europe was its top customer. For the continent’s leaders, access to all that cheap Russian energy outweighed any misgivings over doing business with President Vladimir Putin. Then Russia launched its full-scale invasion of Ukraine, and this overwhelming reliance on a single supplier suddenly …
Why Europe Can’t Give Up Russian Gas Despite Sanctions Over Ukraine Read More »
By Ana Isabel Martinez Summary Pemex’s crude output fell by 6% in August compared with last year Gasoline and diesel imports remain high despite increased local production Olmeca refinery’s output far below targets set by CEO Octavio Romero Nationalistic president’s push to strengthen Pemex falters MEXICO CITY, Sept 27 (Reuters) – Crude output by Pemex (PEMX.UL) …
Mexico’s Pemex Posts Drop in Oil Production as Lopez Obrador Exits Read More »
Summary Riyadh unwilling to continue ceding market share, FT says OPEC+ sources say group focused on compliance not market share Russia says no changes to OPEC+ plans on phasing out oil cuts OPEC+ panel meets on Oct. 2 (Reuters) – The Organization of the Petroleum Exporting Countries and its allies will go ahead with a …
OPEC+ Set to go Ahead with December Oil Output Hike, Sources Say Read More »
Summary Significance of Cushing waning as output heads to Gulf Coast Record trading volumes on Houston contracts Liquidity along Gulf Coast to boost hedging, arbitrage opportunity Cushing stocks near operational low HOUSTON, Sept 27 (Reuters) – Rising U.S. crude oil exports are boosting the prominence of Gulf Coast price benchmarks and buoying trading volumes on …
U.S. Gulf Coast Oil Prices to Take Center Stage as Exports Dominate Read More »
By Jarrett Renshaw ERIE, Pennsylvania Sept 26 (Reuters) – Drillers in energy-rich Pennsylvania this week called on Democratic presidential candidate Kamala Harris to detail her position on natural gas, a fuel the energy industry bills as clean but which climate activists say is a global warming menace. President Joe Biden put a freeze on new …
Natural Gas Producers Press Harris For Answers in Battleground State Read More »
It’s become clear there’s not enough low-carbon energy to satisfy data centers’ needs, and natural gas will be key. It’s Climate Week in New York, and dominating the conversation has been the apparently insatiable appetite of artificial intelligence for power. The subject has been much in the news. Just last week, we learned that the infamous Three Mile …
(Reuters) – Oil prices slipped on Thursday, reversing earlier gains, on news that Saudi Arabia, the world’s top crude exporter, will give up on its price target in preparation for raising output. Brent crude futures were down $1.27, or 1.7%, to $72.19 a barrel, while U.S. West Texas Intermediate crude fell $1.18, also 1.7%, to …
Oil Prices Slide on Prospects Saudi Arabia to Raise Output Read More »
About 29% of crude production and 17% of natural gas output in the U.S. Gulf of Mexico were shut in response to Hurricane Helene, the U.S. Bureau of Safety and Environmental Enforcement said on Wednesday. Energy producers had shut-in 511,000 barrels per day of oil production and nearly 313 million cubic feet of natural gas …
About 29% of Crude Production Shut in Gulf of Mexico Due to Hurricane Helene Read More »
