Conventional Energy

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Polling Shows Likely Voters Nationally and in Battleground States Solidly Oppose Biden-Harris Gas-Car ban and Consider the Issue ‘Important’ for 2024

Conventional Energy, Electric Vehicles, Energy Topics & Technology, Latest, US News / By

Washington, D.C., July 10, 2024 (GLOBE NEWSWIRE) — New polling conducted nationally and across eight presidential and senate battleground states shows strong opposition among likely voters to government policies designed to ban new gas-powered vehicles and, further, that supermajorities of likely voters say this policy issue will be important to them when deciding which elected officials to …

Polling Shows Likely Voters Nationally and in Battleground States Solidly Oppose Biden-Harris Gas-Car ban and Consider the Issue ‘Important’ for 2024 Read More »

Big Oil Invests in Adnoc LNG Plant in Bet on Future Demand

CDN and International News, Conventional Energy, Latest, LNG / By

Shell, Total, BP acquire 10% stakes in Ruwais site; Mitsui too Two of the firms also agree to take shipments from the project Bloomberg News Four international companies signed up to invest in Abu Dhabi National Oil Co.’s next liquefied natural gas export project on a bet that demand for the fuel will continue to climb. Shell …

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Record U.S. Summer Heat, Hurricanes Could Roil Fuel Prices as Oil Refiners Sweat

Conventional Energy, Energy Topics & Technology, Latest, Oil, Refineries, Tri-Pinned, US News / By

(Reuters) – A double whammy of record heat and hurricanes should test U.S. refiners’ resilience in coming weeks, raising the risk of extremely volatile fuel prices in the middle of the peak travel season, analysts said. The Atlantic hurricane season from June through November is an annual threat for U.S. refineries. Half of the country’s …

Record U.S. Summer Heat, Hurricanes Could Roil Fuel Prices as Oil Refiners Sweat Read More »

Oil Prices Little Changed, Concerns About Damage From Hurricane Ease

Conventional Energy, Latest, Oil, Pinned Primary, US News / By

(Reuters) – Oil prices were little changed early on Tuesday after a hurricane that hit a key U.S. oil producing hub in Texas caused less damage than expected. Brent futures fell 4 cents to $85.71 a barrel by 0113 GMT, while U.S. West Texas Intermediate (WTI) crude fell 5 cents to $82.28. Although oil refining …

Oil Prices Little Changed, Concerns About Damage From Hurricane Ease Read More »

Texas Energy Industry Assesses Damage After Hurricane Beryl Batters Gulf Coast

Conventional Energy, Latest, Natural Gas, Oil, Pinned Primary, US News / By

(Reuters) – The Texas energy industry was evaluating the impact from Hurricane Beryl on Monday after the powerful storm lashed the U.S. Gulf Coast, closing key shipping ports and hitting the oil refining and production sectors. Beryl made landfall near the coastal town of Matagorda, Texas, on Monday morning, packing maximum sustained winds of 80 …

Texas Energy Industry Assesses Damage After Hurricane Beryl Batters Gulf Coast Read More »

Exxon Signals Q2 Below Market Consensus, Excluding Pioneer Buy

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil, Tri-Pinned, US News / By

(Reuters) – Exxon Mobil Corp on Monday signaled that lower refining margins across the industry and lower natural gas prices will reduce profits in the second quarter. A snapshot of operating factors affecting the quarter suggests earnings per share between $1.50 and $2.40, or about $8.3 billion, which is 17% below market consensus. The preview excludes …

Exxon Signals Q2 Below Market Consensus, Excluding Pioneer Buy Read More »

Texas Freeport LNG Natgas Flows Fall to Near Zero Ahead of Hurricane Beryl

Conventional Energy, Latest, LNG, US News / By

The amount of natural gas flowing to Freeport LNG’s export plant in Texas fell close to zero on Sunday as Hurricane Beryl roared towards the Texas coast, with the amounts to remain near zero on Monday, according to data from financial firm LSEG. “We have safely ramped down production at our liquefaction facility and intend …

Texas Freeport LNG Natgas Flows Fall to Near Zero Ahead of Hurricane Beryl Read More »

Hedge Funds Buy Commodity Stocks at Fastest Pace in Five Months, Says Goldman

Conventional Energy, Latest, Oil, US News / By

Hedge funds bought commodity sensitive stocks in the week to July 5 at the fastest pace in five months, said a Goldman Sachs note to clients seen by Reuters on Monday. Energy stocks fell last week as Tropical Storm Beryl battered the Caribbean. Chevron Corp, Exxon Mobil and Shell all declined between about 0.5% and just over 1.5% over the …

Hedge Funds Buy Commodity Stocks at Fastest Pace in Five Months, Says Goldman Read More »

U.S. Oil Refiners’ Weekly Capacity Seen Down 151,000 Bpd, IIR Says

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

U.S. oil refiners are expected to have about 260,000 barrels per day (bpd) of capacity offline in the week ending July 12, decreasing available refining capacity by 151,000 bpd, research company IIR Energy said on Monday. Offline capacity is expected to remain unchanged at 260,000 bpd in the week ending July 19, IIR added. The …

U.S. Oil Refiners’ Weekly Capacity Seen Down 151,000 Bpd, IIR Says Read More »

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