Conventional Energy

Auto Added by WPeMatico

OPINION: Vermont is Learning the Hard Way That Renewables Don’t Replicate O&G

Conventional Energy, Energy Commentary, Energy Topics & Technology, Latest, Natural Gas, Oil, Renewable Energy, US News / By

A new presentation from the Legislative Finance Committee reported a revenue of $15.2 billion from the extractive industry to New Mexico in fiscal year 2023. Land income generated $8.6 billion, while taxes generated $6.6 billion. By George Sharpe Vermont just passed a law intended to “fine” oil and gas companies for the damages caused by …

OPINION: Vermont is Learning the Hard Way That Renewables Don’t Replicate O&G Read More »

China Continues to Lift Crude Oil Stockpiling Amid Weak Refinery Runs

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

By Clyde Russell (Reuters) – The world’s biggest crude importer has had a soft start to the year. China added more than 1 million barrels per day (bpd) of crude oil to stockpiles in May as soft imports were outweighed by even weaker refinery processing volumes. A total of 1.08 million bpd was added to China’s …

China Continues to Lift Crude Oil Stockpiling Amid Weak Refinery Runs Read More »

More Than 800 Coal Plants Worldwide Could be Profitably Decommissioned, Research Group Says

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

(Reuters) – More than 800 coal-fired power plants in emerging countries could be decommissioned and profitably replaced by cleaner solar energy starting from the end of the decade, research on Monday showed. Though only a tenth of existing coal plants are scheduled to shut down by 2030, more could close if efforts are made to …

More Than 800 Coal Plants Worldwide Could be Profitably Decommissioned, Research Group Says Read More »

Oil Steady as Downbeat Chinese Data Offset Demand Hopes

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

Summary China’s factory output disappoints U.S. consumer sentiment fell to seven-month low in June Oil’s gain last week not fully convincing, PVM analyst says Reuters – Oil was steady on Monday after Chinese economic data underscoring a bumpy recovery for the world’s biggest crude importer offset hopes for a boost to demand from the summer …

Oil Steady as Downbeat Chinese Data Offset Demand Hopes Read More »

U.S. Ready to Re-open Oil Stockpile if Petrol Prices Surge Again, FT Reports

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

The Biden administration is ready to release more oil from the U.S. strategic stockpile to stop any jump in petrol prices this summer, the Financial Times reported on Monday. Senior Biden adviser Amos Hochstein told the newspaper that oil prices are “still too high for many Americans” and he would like to see them “cut …

U.S. Ready to Re-open Oil Stockpile if Petrol Prices Surge Again, FT Reports Read More »

Oil Dips, but Posts Weekly Gain on Solid 2024 Demand Outlook

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

Summary Brent, WTI post highest weekly increase since April U.S. consumer sentiment deteriorated to seven-month low in June EIA upgraded oil demand growth estimates for 2024 slightly U.S. oil rig count hits the lowest since January 2022 NEW YORK, June 14 (Reuters) – Oil futures prices settled slightly lower on Friday after a survey showed …

Oil Dips, but Posts Weekly Gain on Solid 2024 Demand Outlook Read More »

US Drillers Cut Oil and Gas Rig Count to Lowest Since January 2022 -Baker Hughes

Conventional Energy, Drilling Rigs, Latest, Natural Gas, Oil, US News / By

June 14 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating to the lowest since January 2022, energy services firm Baker Hughes (BKR.O), opens new tab said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell …

US Drillers Cut Oil and Gas Rig Count to Lowest Since January 2022 -Baker Hughes Read More »

Gas Markets Brace for NatGas Price Spikes During Turbulent Summer

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

Robust demand and supply disruptions are setting the stage for much higher — and more volatile — natural gas prices this summer. First off, Asian consumption is staying strong, leaving less liquefied natural gas for Europe. India keeps taking some shipments, even as the worst of a heat wave looks over. Hotter-than-normal weather looming in Japan …

Gas Markets Brace for NatGas Price Spikes During Turbulent Summer Read More »

Oil and Corn Foes Unite to Battle Biden Policy Promoting EVs

Conventional Energy, Latest, Oil, US News / By

Oil and ethanol advocates fight EPA pollution curbs in court Rule encourages electric vehicles chipping into fuel demand Bloomberg Advocates of rival petroleum- and plant-based fuels are joining forces to challenge new Biden administration pollution limits they say will unlawfully force automakers to sell electric cars while slashing demand for their own products. Nearly three dozen companies …

Oil and Corn Foes Unite to Battle Biden Policy Promoting EVs Read More »

OPEC Sees No Peak Oil Demand Long Term, Secretary General Says

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC, Tri-Pinned / By

(Reuters) – OPEC does not see a peak in oil demand in its long-term forecast and expects demand to grow to 116 million barrels a day by 2045, and may be higher, the secretary general said on Thursday. The International Energy Agency said in a report on Wednesday it sees oil demand peaking by 2029, levelling off …

OPEC Sees No Peak Oil Demand Long Term, Secretary General Says Read More »

Subscribe
Subscribe