Auto Added by WPeMatico
Energy companies in the US are planning new natural gas-fired power generation at the fastest pace in years, one of the clearest signals yet that fossil fuels are likely to have a longer runway than previously thought. From Florida to Oregon, utilities are racing to meet a surge in demand from power-hungry AI data centers, …
AI Boom Is Driving a Surprise Resurgence of U.S. Gas-Fired Power Read More »
There are alternative sources of energy for coal, gas and oil, but there are few substitutes for polymers. 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. Could our unshakeable addiction to plastics be broken? …
A Dose of Reality: Breaking Our Plastics Habit Is Easier Said Than Done Read More »
U.S. Gulf of Mexico energy firms on Friday were lumbering back from hurricane disruptions as offshore oil and gas producers ramped up operations after halving the key energy region’s output, ports reopened, and onshore terminals accepted oil and liquefied natural gas (LNG) tankers. Hurricane Francine shut in up to 42% of the region’s offshore oil …
U.S. Offshore Oil Industry Reawakens After Francine Shut-Ins Read More »
By Liam Denning Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column. “Fracking” is an expletive in environmental circles. Yet the spirit of shale is creeping into a business with transformational potential for …
The Spirit of Fracking Comes to U.S. Lithium Mining Read More »
BP’s 435,000-barrel-per-day (bpd) Whiting, Indiana, refinery plans to begin turnaround as early as Sept. 20, research company IIR Energy said on Thursday.The planned maintenance activities are expected to last around 60 days, IIR said. (Reporting by Nicole Jao)
Hydraulic fracturing, or fracking, has been thrust back into the public spotlight as Vice President Kamala Harris’ change of position on it comes under scrutiny given her campaign for the White House. The groundbreaking technique for oil and gas extraction that vaulted the US to energy independence has for years been a lightning rod for controversy. …
Why Fracking Remains a Political Lightning Rod for Controversy Read More »
Stockpiles have been declining, but a flood of supply will push them back up next year. Despite oil’s recent foray below $70 a barrel, market balances aren’t currently that bad. The problem is, this is as good as things get for quite some time. In its monthly report Thursday, the International Energy Agency said stockpiles contracted in …
COMMENTARY: Oil Market Balances Only Get Worse From Here Read More »
The candidate touts the benefits of energy independence even as she pledges to continue Biden’s decarbonization push. Kamala Harris has a claim to serving in one of the greatest presidential administrations for the US fossil fuel industry in history. Domestic oil and gas output, refining margins and company profits have all hit record highs during her …
U.S. Oil Boom Turns Kamala Harris Into an Unlikely Fracking Supporter…But For How Long? Read More »
Summary IEA’s 2024 demand growth forecast cut by 7.2% Projection for 2025 remains unchanged Oil prices pare gains after report (Reuters) – The International Energy Agency (IEA) has cut its 2024 oil demand growth forecast by 70,000 barrels per day (bpd), or about 7.2%, to 900,000 bpd, it said in its monthly oil market report …
IEA Cuts 2024 Oil Demand Growth Forecast on China Slowdown Read More »
(Reuters) – India wants oil producers group OPEC and its allies to raise oil output as there are countries such as India where fuel demand is rising, the nation’s oil secretary Pankaj Jain said on Thursday. The Organization of the Petroleum Exporting Countries (OPEC) and allies, together called OPEC+, last week agreed to delay a planned oil …
India Wants OPEC+ to Raise Oil Output, Oil Secretary Says Read More »
