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If there’s an all-hands-on-deck response at the oil major’s headquarters, that message seems to be lost in translation for concerned investors. By Javier Blas Murray Auchincloss had a clear message to his shareholders days after becoming chief executive officer of BP Plc: “I’m focused on growing the value of BP.” Nearly six months since his …
Summary U.S. consumer sentiment fell in July Producer price index rose 0.2% in June U.S. active oil rig count fell by one to 478 this week NEW YORK, July 12 (Reuters) – Oil futures prices settled slightly lower on Friday as investors weighed weaker U.S. consumer sentiment against mounting hopes for a Federal Reserve rate …
Oil Prices Settle Down after Data Shows Weaker U.S. Consumer Sentiment Read More »
Oil and gas activity in the U.S. Midwest and Rockies declined during the second quarter, but is expected to rebound over the next six months, the Federal Reserve Bank of Kansas City said on Friday in a quarterly energy survey. The survey covers companies drilling in Kansas, Colorado, Nebraska, Oklahoma and the northern half of …
Oil and Gas Activity in U.S. Rockies, Midwest fell in Q2, Kansas Fed Says Read More »
Summary Companies invest in downstream gas assets in Asia Japanese firms build gas markets to help sell excess LNG LNG seen as transitional fuel in move to renewables Activist investors raise alarm TOKYO, July 12 (Reuters) – Japanese companies foreseeing a growing surplus in stocks of liquefied natural gas (LNG) as their demand for the …
Japan Builds Gas Markets in Asia to Boost LNG Trading, Energy Security Read More »
(Reuters) – Top U.S. independent oil producer ConocoPhillips said on Friday it received a second request from the U.S. Federal Trade Commission for information on its proposed acquisition of rival Marathon Oil. ConocoPhillips said both companies received the requests on July 11 and are working with the FTC to review the merger. CONTEXT Conoco said …
ConocoPhillips, Marathon Oil Get Second US FTC Request Over $22.5 Bln Deal Read More »
Oil trades in narrow range since 2022 on OPEC+, sanctions and demand worries (Reuters) – Brent crude oil has been trading in a tight range of $75-$90 a barrel since late 2022 as OPEC+ cuts keep a floor under prices while sizeable spare capacity, demand uncertainty and sanctions policy prevent the market breaking higher. After …
(Reuters) – Shell has replaced liquefied natural gas (LNG) volume it lost after exiting Russia in 2022 with a string of deals that underpin CEO Wael Sawan’s bet on growing demand for the fuel as he reduces the focus on renewable energy. The new projects in the United Arab Emirates and Trinidad and Tobago and the acquisition …
Shell’s Bet on Gas Boom Takes Shape with String of Deals Read More »
(Reuters) – Oil prices rose on Friday amid signs of easing inflationary pressures in the United States, the world’s biggest oil consumer, though Brent crude was still set for a weekly decline. Brent crude futures were up 52 cents, or 0.6%, to $85.92 a barrel at 1051 GMT. U.S. West Texas Intermediate crude futures were …
U.S. natural gas futures fell about 2% to a two-month low on Thursday on a bigger-than-expected weekly storage build as output rose and the amount of gas flowing to liquefied natural gas (LNG) export plants dropped after Freeport LNG in Texas shut early this week for Hurricane Beryl. Front-month gas futures for August delivery on …
US Natgas Prices Fall 2% to Two-Month Low on Big Storage Build, Rising Output Read More »
Investment in low-carbon energy has soared 50 per cent since 2019 to reach roughly US$1.9 trillion last year Bloomberg News The world is shifting too slowly from fossil fuels to avoid severe climate change, increasing the risks that the eventual transition to clean energy will be “disorderly,” BP Plc warned. Fossil fuel consumption broke records last year, led …
BP Warns of ‘Disorderly’ Clean-Energy Transition as Fossil Fuel Use Climbs Read More »
