Conventional Energy

Auto Added by WPeMatico

U.S. Oil Output, Demand Rose in April to Four-Month High, EIA Says

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

 U.S. oil production and demand rose to a four-month high in April, according to the Energy Information Administration’s (EIA) Petroleum Supply Monthly report published on Friday. Total U.S. field production of crude oil rose by 72,000 barrels per day (bpd) month-over-month to 13.25 million bpd, the highest since December. Product supplied of crude oil and …

U.S. Oil Output, Demand Rose in April to Four-Month High, EIA Says Read More »

Oil Traders Expect Large Inventory Draw in Third Quarter: Kemp

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

Crude markets have exhibited an increasing disconnect this month between rising spot prices and calendar spreads on the one hand and swelling inventories on the other. But futures markets are forward-looking and traders appear to be anticipating a much tighter supply situation that would underpin the higher prices and spreads over the next few months. …

Oil Traders Expect Large Inventory Draw in Third Quarter: Kemp Read More »

Texas Natgas Prices Negative Even With Power Use Near June Record in Heat wave

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

Spot natural gas prices at the Waha hub in West Texas turned negative for a second time this week even as power demand was set to break the record high for June as homes and businesses crank up their air conditioners to escape a brutal heat wave. The Electric Reliability Council of Texas (ERCOT), which …

Texas Natgas Prices Negative Even With Power Use Near June Record in Heat wave Read More »

Law limiting New Oil Wells in California Set to Take Effect After Industry Withdraws Referendum

Conventional Energy, Latest, Oil, US News / By

SACRAMENTO, Calif. (AP) — A California law that bans drilling new oil wells near places like homes and schools will take effect after the oil industry on Thursday withdrew a referendum from the November ballot asking voters to overturn it. The law, first passed in 2022, had been delayed because the California Independent Petroleum Association gathered …

Law limiting New Oil Wells in California Set to Take Effect After Industry Withdraws Referendum Read More »

Permian-Focused LandBridge Prices U.S. IPO Below Range at $246.5 Mln

Conventional Energy, Latest, Oil, US News / By

LandBridge, a landowner in the oil-rich Permian Basin in the United States, set the pricing of its initial public offering (IPO) at $17 per share to raise around $246.5 million, it said on Thursday. The Houston, Texas-based company priced its IPO below its previous target range of $19-$22, valuing it at around $1.2 billion based …

Permian-Focused LandBridge Prices U.S. IPO Below Range at $246.5 Mln Read More »

Banker-Lawyer Duo Make Billions From Audacious Natural Gas Bet

Conventional Energy, Latest, LNG, US News / By

Lawyer Duo Make Billions From Audacious Natural Gas Bet The founders of Venture Global stand at the forefront of a US natural gas export boom that’s now in question. The US Gulf Coast is probably the only place in the world where two men with virtually no experience running an energy business could upend a …

Banker-Lawyer Duo Make Billions From Audacious Natural Gas Bet Read More »

Repsol Explores Sale of Minority Stake in South Texas Oil Assets – Sources

Conventional Energy, Energy Topics & Technology, Latest, Mergers and Acquisitions, Oil / By

(Reuters) – Spanish oil major Repsol plans to sell a minority interest in its Eagle Ford shale assets in South Texas, in a deal that could value the assets at up to $2 billion, three sources familiar with the talks told Reuters. The sources said Repsol has hired Scotiabank to assist with the process, and aims to …

Repsol Explores Sale of Minority Stake in South Texas Oil Assets – Sources Read More »

Oil Prices to Stay Steady as China Demand Woes Offset Mideast Risks – Reuters Poll

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

Summary Brent 2024 average is forecast at $83.93 a barrel in poll WTI 2024 average is forecast at $79.72 a barrel in poll Prices could spike to $90 depending on summer use, geopolitics (Reuters) – Oil prices will not change much in the second half of 2024 as concerns around demand from China and prospects …

Oil Prices to Stay Steady as China Demand Woes Offset Mideast Risks – Reuters Poll Read More »

Oil Up Ahead of U.S. Inflation Data, Set for Third Weekly Gain

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

Summary Brent August contract expires Friday U.S. personal consumption inflation data due at 1230 GMT (Reuters) – Oil prices rose on Friday and were on course for a third straight weekly jump buoyed by growing expectations that the U.S. Federal Reserve will soon start cutting interest rates and U.S. inflation data due later in the …

Oil Up Ahead of U.S. Inflation Data, Set for Third Weekly Gain Read More »

U.S. Regulators Approve Louisiana LNG Plant Over Climate Objections

Conventional Energy, Latest, LNG, US News / By

Federal regulators on Thursday approved a Louisiana liquefied natural gas project that has been a lightning rod for environmental activists and a litmus test for the Biden administration’s energy policies. The Federal Energy Regulatory Commission voted 2-1 to allow construction and operation of the Calcasieu Pass 2 LNG plant and a related, 85-mile-long (137 km) …

U.S. Regulators Approve Louisiana LNG Plant Over Climate Objections Read More »

Subscribe
Subscribe