Conventional Energy

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EQT Plans To Reverse Some US Natgas Production Curtailments in Oct – CEO

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

(Reuters) – U.S. energy company EQT plans to reverse some natural gas production curtailments in October and November as demand for the fuel and prices increase, CEO Toby Rice told Reuters on Wednesday. EQT, the biggest U.S. natural gas producer, has along with other U.S. drillers curtailed output in 2024 after prices collapsed to multi-year …

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US Oil Inventories Fall More Than Forecast, Crude at 2-1/2-Year Low, EIA Says

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

(Reuters) – U.S. oil inventories fell across the board last week, the Energy Information Administration said on Wednesday, drawing down more than expected and with crude oil stockpiles hitting their lowest level in nearly 2-1/2 years. Crude stocks dropped by 4.5 million barrels to 413 million barrels in the week ended Sept. 20, the EIA …

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Trump Plans Texas Oil Country Donor Blitz to Shrink Money Gap With Harris

Conventional Energy, Latest, Oil, US News / By

Donors events planned in Houston, oil-rich Midland on Oct. 2 Republicans have fallen behind Democrats in fundraising race Donald Trump is planning a fresh fundraising swing through Texas, with plans to court donors in oil country as he seeks to narrow a cash gap with Kamala Harris in the final weeks of the presidential campaign. The itinerary includes …

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Eni CEO sees Brent oil price around $80 per barrel in Q4

CDN and International News, Conventional Energy, Energy Topics & Technology, Forecasts, Latest, Oil / By

(Reuters) – The chief executive of Italian energy group Eni  expects Brent oil prices to recover to around $80 per barrel in the coming months. “Oil (is seen) at around $80 per barrel, while for natural gas in Italy we can (expect a price of) 30 euros per megawatt hour,” Claudio Descalzi said on the sidelines …

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Oil Dips as Investors Weigh Whether New China Stimulus Will Boost Demand

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

(Reuters) – Oil prices slipped on Wednesday as investors reassessed whether China’s latest stimulus plans will be able to boost its economy and spur fuel demand in the world’s largest crude importer. Still, declining U.S. crude oil and fuel stockpiles, and more violence in the Middle East, provided some support for the market. Brent crude …

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OPEC Boosts Long-Term Oil Demand Outlook, Driven by Developing World Growth

CDN and International News, Conventional Energy, Energy Topics & Technology, Forecasts, Latest, Oil, OPEC / By

By Alex Lawler and Fabio Teixeira 2045 demand forecast up 3 mln bpd from last year’s outlook OPEC extends forecast to 2050, with demand at 120.1 mln bpd OPEC sees no peak demand, unlike BP and IEA forecasts OPEC calls for $17.4 tln investment in oil industry by 2050 LONDON/RIO DE JANEIRO, Sept 24 (Reuters) …

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Not So Fast: U.S. Nuclear Plants Won’t Power up Big Tech’s AI Ambitions Right Away

Artificial Inteligence, Conventional Energy, Energy Topics & Technology, Latest, Nuclear, US News / By

Summary Resurrecting Three Mile Island could take awhile Local opponents hold memories of 1979 incident NRC busy with nuclear power permit requests NEW YORK/WASHINGTON Sept 24 (Reuters) – Constellation Energy  and Microsoft  plan to restart the Three Mile Island nuclear plant, hoping they have scored a quick source of enough climate-friendly energy to power rapidly …

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U.S. Shale Revolution Has ‘Run Its Course,’ Quantum’s Wil VanLoh Says

Conventional Energy, Energy Topics & Technology, Latest, Oil, Shale / By

Bloomberg One of the top investors in US oil and natural gas companies says the nation’s shale producers are no longer in a position to aggressively ramp up output and give consumers a break on energy prices. “The US shale revolution has run its course,” Wil VanLoh, chief executive officer at Quantum Energy Partners LLC, said Monday …

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North Dakota Oil Production Down 18,000 Bpd in July vs June to 1,168,000 Bpd – State Regulator

Conventional Energy, Latest, Oil, US News / By

Oil production in North Dakota fell 18,000 barrels per day (bpd) to 1.168 million bpd in July, monthly data from the state Industrial Commission showed on Monday. Wells permitted jumped to 107 in July and 100 in August, versus 78 in June. The state needs to permit roughly 100 wells in a month to keep …

North Dakota Oil Production Down 18,000 Bpd in July vs June to 1,168,000 Bpd – State Regulator Read More »

US Natgas End-of-Season Storage to Reach Four-Year High in October

Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, Natural Gas, Tri-Pinned, US News / By

(Reuters) – U.S. natural gas storage is on track to end the April-October summer injection season at a four-year high of 3.899 trillion cubic feet (tcf) on Oct. 31, according to analysts’ estimates. That compares with 3.809 tcf at the end of the summer injection season in 2023, 3.929 tcf in 2020 and a five-year …

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