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(Reuters) – Oil prices rose on Thursday, rebounding from three days of losses that took prices to their lowest since mid-March. Brent crude futures for July gained 58 cents, or 0.7%, to $84.02 a barrel by 1130 GMT. U.S. West Texas Intermediate (WTI) crude for June was up 47 cents, or 0.6%, at $79.47. Prices …
Oil Prices Rebound After Closing at Seven-Week Low Read More »
Bloomberg Pacific Energy is in talks with Tellurian Inc. and NextDecade Corp. for natural gas cargoes from planned export terminals along the US Gulf Coast, according to people familiar with the matter. The discussions involve liquefied gas to be produced at Tellurian’s proposed Driftwood LNG project in Louisiana and NextDecade’s Rio Grande terminal in Texas, said …
Pacific Energy in Talks With NextDecade, Tellurian on US LNG Read More »
The Dog Ate Japan’s Plan to Phase Out Coal Power By David Fickling David Fickling is a Bloomberg Opinion columnist covering climate change and energy. Previously, he worked for Bloomberg News, the Wall Street Journal and the Financial Times. With blistering speed, the rich countries that built their wealth on coal-powered industrialization are turning their …
(Reuters) – The U.S. State Department believes oil services firm SLB has not violated sanctions against Russia and the company has been told what Washington is willing to accept, Assistant Secretary of State Geoffrey Pyatt told Reuters in an interview on Wednesday. “I have had conversations with the CEO of that company… I think there …
U.S. State Dept Says Oil Service Firm SLB Not Violating Russia Sanctions Read More »
Oil takeaway capacity from the Permian basin, the largest U.S. shale field, is expected to tighten next month due to scheduled pipeline maintenance, which is already driving up the premium for delivered WTI into East Houston. The 642-mile Wink-to-Webster pipeline, operated by Exxon Mobil and which ships more than 1 million barrels per day (bpd) of crude …
WTI Delivered to East Houston Hits Highest Premium in Nearly Three Years Read More »
U.S. oil and gas production rebounded sharply in February after extensive disruption the previous month caused by freezing wells and other outages stemming from Winter Storm Heather in the middle of January. Nationwide crude and condensates output jumped by 0.6 million barrels per day (b/d) in February reversing a decline of 0.7 million b/d in …
U.S. Oil and Gas Production Rebounds After Winter Storm: Kemp Read More »
U.S. spot natural gas prices at the Henry Hub benchmark in Louisiana fell to a 29-year low in April, according to data from financial firm LSEG. Gas prices averaged $1.60 per million British thermal units (mmBtu) in April, their lowest since averaging $1.59 during the month in 1995. That compares with $2.16 in April 2023, …
U.S. Henry Hub Natgas Prices Fall to 29-Year Low in April Read More »
(Reuters) – After 12 years and C$34 billion ($24.7 billion), Canada’s Trans Mountain pipeline expansion project (TMX) is set to start shipping oil on Wednesday, a major milestone expected to transform access to global markets for the country’s producers. Pipeline constraints have forced Canadian oil producers to sell oil at a discount for many years, but TMX …
Canada’s Long-Delayed Trans Mountain Oil Pipeline Set to Start Operations Read More »
A U.S. appeals court on Tuesday upheld federal approvals for a natural gas pipeline system expansion project in Louisiana and Mississippi, rejecting environmentalists’ claims that the government performed an insufficient review of its climate harms. A unanimous three-judge panel of the U.S. Circuit Court of Appeals for the D.C. Circuit held that the Federal Energy …
U.S. Appeals Court Upholds FERC Approvals for Gas Pipeline Expansion Read More »
The report, which completes an investigation started nearly three years ago, includes the release of internal corporate documents. Democratic lawmakers in the US lambasted oil companies in a new report on Tuesday, claiming that the industry has engaged in “an elaborate campaign of deception and doublespeak” to forestall meaningful climate action and sustain their outsized …
U.S. Lawmakers Condemn Oil Industry’s ‘Deception’ on Climate Action Read More »
