Conventional Energy

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Doubling Down: Biden to Stand Fast on LNG-Permit Halt, Energy Chief Signals

Conventional Energy, Latest, LNG, US News / By

US energy secretary says ongoing study to finish by year-end Analysis to guide if LNG export licenses serve public interest The Biden administration won’t decide on any natural gas-export permits before the presidential term ends in late January, Energy Secretary Jennifer Granholm signaled. New permits have been on hold for most of this year as government analysts researched the …

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What Happens When Russian Gas to Europe via Ukraine Stops?

CDN and International News, Conventional Energy, Latest, Natural Gas / By

Austria’s energy company OMV was informed by Gazprom that the Russian gas producer would halt deliveries of natural gas via Ukraine to OMV from 0500 GMT on Nov. 16 following OMV winning an arbitration case. Supplies of Russian gas to Europe via Ukraine may completely stop from Jan. 1 2025 after the current five-year deal …

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US Drillers Cut Oil and Gas Rigs for First Time in Four Weeks – Baker Hughes

Conventional Energy, Latest, Oil, US News / By

By Scott Disavino Nov 15 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in four weeks, energy services firm Baker Hughes (BKR.O) said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, …

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Trump Aims a ‘Wrecking Ball’ at Climate Policy

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

The president-elect has said he’ll exit the Paris climate accord and ramp up oil and gas production. President-elect Donald Trump has been crystal clear: His second term will be an assault on climate policy. On the campaign trail, he vowed to “drill, baby, drill” for more oil and gas and inveighed against offshore wind farms. He attacked President Joe …

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U.S. Natgas Prices Slide 3% on Rising Output, Less Cold Forecast for Late November

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

U.S. natural gas futures slid about 3% to a one-week low on Friday on an increase in daily output and forecasts for less cold weather in late November than previously expected. That mild late November weather should reduce heating demand and allow utilities to continue injecting more gas into storage for another week. Capping price …

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U.S. Oil Industry Urges Trump to Ditch Biden Climate Policies

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

By Nichola Groom (Reuters) – The U.S. oil and gas industry on Tuesday called on President-elect Donald Trump to scrap many of President Joe Biden’s policies aimed at fighting climate change, saying the measures threaten jobs, consumer choice and energy security. The American Petroleum Institute (API), the nation’s top oil and gas trade group, urged …

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Global Oil Market Faces a Million-Barrel Glut Next Year, Says IEA

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

Supply from the U.S., Brazil, Canada and Guyana is set to grow Oil drums sit stacked in a warehouse at Jacobi Oil Service, Inc. in Floyds Knobs, Ind. Global oil markets are facing a surplus next year as Chinese demand continues to falter. Photo by Luke Sharrett /Bloomberg Global oil markets face a surplus of …

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IEA’s Monthly Oil Statistics: August 2024

Conventional Energy, Latest, Oil, US News / By

The latest IEA’s Monthly Oil Statistics report including August 2024 data shows that for Total OECD: Total OECD production of crude oil, NGL and refinery feedstocks increased by 2.7% in August 2024 compared to August 2023. Refinery gross output of total products decreased by 0.3% on a year-on-year basis. Net deliveries of total products stayed flat in August 2024 compared to August 2023. Oil stock levels …

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US Natgas Flows to LNG Export Plants on Track to Hit 9-Month High

Conventional Energy, Latest, LNG, US News / By

The amount of gas flowing to the seven big operating U.S. liquefied natural gas export plants was on track to rise to a nine-month high on Thursday as feedgas to a few plants hit multi-week highs, according to data from financial firm LSEG. The energy market cares about feedgas flows to U.S. LNG plants because …

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