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(Reuters) – Shell has replaced liquefied natural gas (LNG) volume it lost after exiting Russia in 2022 with a string of deals that underpin CEO Wael Sawan’s bet on growing demand for the fuel as he reduces the focus on renewable energy. The new projects in the United Arab Emirates and Trinidad and Tobago and the acquisition …
Shell’s Bet on Gas Boom Takes Shape with String of Deals Read More »
(Reuters) – Oil prices rose on Friday amid signs of easing inflationary pressures in the United States, the world’s biggest oil consumer, though Brent crude was still set for a weekly decline. Brent crude futures were up 52 cents, or 0.6%, to $85.92 a barrel at 1051 GMT. U.S. West Texas Intermediate crude futures were …
U.S. natural gas futures fell about 2% to a two-month low on Thursday on a bigger-than-expected weekly storage build as output rose and the amount of gas flowing to liquefied natural gas (LNG) export plants dropped after Freeport LNG in Texas shut early this week for Hurricane Beryl. Front-month gas futures for August delivery on …
US Natgas Prices Fall 2% to Two-Month Low on Big Storage Build, Rising Output Read More »
Investment in low-carbon energy has soared 50 per cent since 2019 to reach roughly US$1.9 trillion last year Bloomberg News The world is shifting too slowly from fossil fuels to avoid severe climate change, increasing the risks that the eventual transition to clean energy will be “disorderly,” BP Plc warned. Fossil fuel consumption broke records last year, led …
BP Warns of ‘Disorderly’ Clean-Energy Transition as Fossil Fuel Use Climbs Read More »
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 …
Forecasters say prices for the fuel are set to rise by over a third in the second half of the year. US natural gas bulls, who have waited months for prices to rebound from a lackluster winter, finally got some good news this week. The US Energy Information Administration forecast on Tuesday that prices for the fuel …
U.S. Natural Gas Bulls Finally Get Some Good News Read More »
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 …
Big Oil Invests in Adnoc LNG Plant in Bet on Future Demand Read More »
(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 »
(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 »
(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 »
