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U.S. natural gas futures slid about 3% on Tuesday on rising output and an ongoing oversupply of gas in storage. Analysts said there was still about 17% more gas in storage than normal for this time of year even though injections have been smaller than usual for nine of the past 10 weeks after several …
U.S. Natgas Prices Slide 3% on Rising Output, Oversupply in Storage Read More »
Fires burn close to 388,000 barrels a day of oil production Jasper National Park is evacuated due to wildfire threat Wildfires in Canada’s energy-producing Alberta province are threatening almost 10% of the region’s oil production and forcing the evacuation of one of the country’s largest national parks during the peak summer tourist season. Hot weather …
Canadian Wildfires Threaten Oil Output, Prompt Evacuations Read More »
The top two lawmakers on the Senate energy committee on Monday introduced long-awaited legislation to speed permitting of power transmission, mining and liquefied natural gas export projects. Senators Joe Manchin, an independent who caucuses with Democrats, and John Barrasso, a Republican, said their bill would strengthen the power grid and help keep power prices low. …
U.S. Senators Introduce Bill to Speed Approvals of Energy Projects Read More »
U.S. natural gas futures jumped about 4% to a one-week high on Monday with an increase in the amount of gas flowing to U.S. liquefied natural gas (LNG) export plants as Freeport LNG in Texas started exporting cargoes again after shutting for Hurricane Beryl in early July. Traders also noted that the hottest weather of …
U.S. Natgas Prices Jump 4% on Rising Exports From Freeport LNG in Texas Read More »
As California attorney general, Harris had sued oil companies She’s been more critical of fracking, offshore oil than Biden As California attorney general, Kamala Harris brought lawsuits against fossil fuel companies, prosecuted a pipeline company over an oil leak and investigated Exxon Mobil Corp. for misleading the public about climate change. Now, with the vice president suddenly …
Harris Seen as Tougher Oil Industry Opponent Than Biden Read More »
The crude oil market is currently tight but next year will likely be in surplus, with Brent prices declining into the mid-to-high $70s range, Morgan Stanley said.The tightness will hold for most of the third quarter, the bank said in a note dated on Friday, but equilibrium will return by the fourth quarter, “when seasonal …
Oil Market Likely to be in Surplus Next Year, Morgan Stanley Says Read More »
The U.S. Federal Reserve is due to review policy next on July 30-31, when investors expect it to keep rates unchanged, though there have been indications that a cut will happen at the September meeting. News that President Biden decided on Sunday to abandon his re-election bid was not a major factor for oil markets. He has endorsed Vice …
Oil Prices Stable After Biden Exit While Rate Outlook Remains in Focus Read More »
All-cash transaction provides substantial and certain value to Tellurian shareholders Offer reflects new leadership’s progress executing the company’s refreshed strategy HOUSTON–(BUSINESS WIRE)–Tellurian Inc. (“Tellurian”) (NYSE American: TELL) today announced that it has entered into a definitive agreement with subsidiaries of Woodside Energy Group Ltd (“Woodside”) (ASX: WDS) pursuant to which Woodside will acquire all the …
Tellurian to be Acquired by Woodside for Approximately $900 Million Read More »
Nation pitches raising $1 billion from nations, companies Country previously weighed imposing a levy based on production Azerbaijan, the host of this year’s United Nations climate summit, shelved a planned levy on fossil fuel production in favor of creating a voluntary fund with at least $1 billion for mitigation projects in developing countries. The proposed …
COP29 Host Azerbaijan Shelves Fossil Fuel Tax for Voluntary Fund Read More »
Pre-construction on natural gas pipeline could start next week Energy Transfer says ‘surprising’ move given legal battles Williams Cos. will start building its delayed Louisiana Energy Gateway natural gas pipeline in the coming weeks, the company reported. Pre-construction will begin as early as July 25, Williams said Friday in a letter to the Federal Energy Regulatory …
Williams to Start Building Louisiana Energy Gateway Project Read More »
