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Summary Platts added U.S. crude to benchmark last year Thomson Reuters competes with Platts in assessing prices Rerouting could influence price, analysts say (Reuters) – Big energy merchants trading oil cargoes that form the basis of the Brent benchmark have used an obscure clause to reroute U.S. shipments from Europe, in a practice that raises …
Brent Oil Traders Use Little Known Rule to Reroute US Cargoes Read More »
The U.S. Federal Trade Commission allowed Chevron’s $53 billion purchase of Hess Corp on Monday, in an order that barred Hess CEO John Hess from Chevron’s board. The FTC’s order leaves Exxon Mobil’s challenge to the deal, which is expected to stretch deep into next year, as its final hurdle. The proposed merger included a Chevron …
FTC Allows Chevron-Hess Deal, Bars John Hess From Board Read More »
(Reuters) – The U.S. has bought 6 million barrels of oil for the Strategic Petroleum Reserve for delivery through May 2025, the Department of Energy said on Monday. The purchases are part of an effort to replenish stockpiles after President Joe Biden ordered the largest ever sale from the reserve in 2022 of 180 million …
US Buys 6 Million Barrels of Oil for Strategic Petroleum Reserve Read More »
Only 3% of crude oil and 1% of natural gas production in the Gulf of Mexico remained shut down in the aftermath of Hurricane Helene, the U.S. Bureau of Safety and Environmental Enforcement (BSEE) said on Sunday. Currently, energy producers are left with 59,000 barrels per day of oil production and nearly 17 million cubic …
Oil Production in U.S. Gulf of Mexico Recovers Post Hurricane Helene Read More »
Similar measures aimed at using labels to inform consumers about the air pollution emissions associated with gas stoves have failed in Illinois and New York. California Gov. Gavin Newsom on Friday vetoed a bill that would have required gas stoves sold in the state to come with warning labels about their air pollution emissions and …
California Governor Rejects Health Warnings on Gas Stoves Read More »
(Reuters) – The U.S. on Monday said it closed a $1.52 billion loan to resurrect Holtec’s Palisades nuclear plant in Michigan, and a senior Biden administration official said it could take two years to reopen the plant, which is longer than the company predicted. President Joe Biden’s administration has called for a tripling of U.S. …
U.S. Closes $1.52 Billion Loan to Resurrect Michigan Nuclear Plant Read More »
(Reuters) – The three largest U.S. energy exploration companies paid more than $42 billion to foreign governments last year, about eight times more than what they paid in the United States, according to regulatory filings. The disclosures from Exxon Mobil, Chevron Corp, and ConocoPhillips were required this year for the first time ever under a new …
Big U.S. Oil Companies Reveal Massive Payments to Foreign Governments Read More »
(Reuters) – Russia will pursue its own climate-related goals and put forward proposals on tackling global warming as an alternative to the agenda promoted by the West, Deputy Energy Minister Pavel Sorokin said on Friday. His comments could be a precursor for potential clashes at the COP29 U.N. climate summit, which is due to take …
Russia Seeks to Counter West’s Climate Agenda with Gas, Nuclear Power Read More »
Summary Investment firm tops rival offers by CVR Energy, Gold Reserve Bid combining cash, credit is subject to court case resolutions Elliott’s interest in Citgo follows good results from stakes in Marathon Petroleum, Phillips 66 HOUSTON, Sept 27 (Reuters) – An affiliate of Elliott Investment Management on Friday was named the presumptive winner in a …
Elliott Affiliate Wins Citgo Share Auction with $7 Billion Conditional Offer Read More »
By Reuters MOSCOW, Sept 28 (Reuters) – Russia is ready to take the case of the Nord Stream pipeline explosions to court if the West fails to investigate the matter, its foreign ministry said on Saturday. The multi-billion dollar Nord Stream 1 and 2 pipelines transporting gas under the Baltic Sea were ruptured by a series …
Russia Ready to Take Nord Stream Blasts Issue to Court Read More »
