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Mountain Valley Gets Regulator’s Approval for U.S. Natural Gas Pipeline

Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Pipelines, US News / By

By Reuters June 12 (Reuters) – Mountain Valley can begin operating its $7.85 billion Virginia natural gas pipeline after receiving approval from the U.S. Federal Energy Regulatory Commission (FERC) according to a filing on Tuesday. The Mountain Valley project, the only big gas pipeline under construction in the U.S. Northeast, has encountered numerous regulatory and court …

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U.S. Gas Prices are Falling. Experts Point to Mild Demand at the Pump Ahead of Summer Travel

Energy Topics & Technology, Gasoline, Latest, US News / By

NEW YORK (AP) — Gas prices are once again on the decline across the U.S., bringing some relief to drivers now paying a little less to fill up their tanks. The national average for gas prices on Monday stood around $3.44, according to AAA. That’s down about 9 cents from a week ago — marking …

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U.S. House Committee Report Finds Wall Street ‘Colluded’ to Curb Emissions

Conventional Energy, Emission Reduction, Energy Topics & Technology, Latest, Natural Gas, Oil, US News / By

A U.S. congressional committee will accuse the biggest Wall Street firms on Tuesday, in a report seen by Reuters ahead of its publication, of colluding with advocacy groups to force companies to shrink their greenhouse gas emissions. The report is the first of its kind produced by the Republican-led Judiciary Committee in the House of …

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Pipeline Brawl in Louisiana Rattles Industry Desperate to Build

Energy Topics & Technology, Latest, Pipelines, US News / By

Energy Transfer is suing to block three rival projects Fight threatens to make it even harder to add pipelines in US A legal battle in Louisiana is hobbling construction of three pipeline projects worth more than $2 billion. Yet the litigation isn’t from environmentalists: It’s spearheaded by one of the biggest natural gas pipeline operators …

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OPEC Sticks to 2024 Oil Demand Growth Forecast, but Trims Q1 View

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

(Reuters) – OPEC on Tuesday stuck to its forecast for relatively strong growth in global oil demand in 2024, despite lower than expected use in the first quarter, saying travel and tourism would support consumption in the second half of the year. The Organization of the Petroleum Exporting Countries, in a monthly report, said world …

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What’s Next For Canada? With Major Projects Wrapping Up, What Does Canada’s Energy Future Hold

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, LNG, Natural Gas, Oil, Pipelines / By

‘This is the first time Canada will enter the global marketplace as a global player, so it is an incredibly important change for the industry’ By Mario Toneguzzi With the recent completions of the Trans Mountain expansion and Coastal GasLink pipelines, and the looming completion of LNG Canada within the next year, there are few major …

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Mountain Valley Seeks Authorization for Virginia Natgas Pipe

Energy Topics & Technology, Latest, Natural Gas, US News / By

U.S. natural gas pipeline venture Mountain Valley asked federal regulators on Monday to authorize its Virginia pipeline project to be in service by June 11.The company said in a filing with the Federal Energy Regulatory Commission (FERC) that the final segments of the project were being purged and packed with natural gas. Mountain Valley added …

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COMMENTARY: OPEC⁺ Surprise Triggered Record Hedge Fund Oil Sales – John Kemp

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

 Portfolio investors sold record volumes of petroleum last week after OPEC⁺ surprised the market by announcing plans to increase production starting from the fourth quarter of 2024. Hedge funds and other money managers sold the equivalent of 194 million barrels in the six most important futures and options contracts over the seven days ending on …

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U.S. Manufacturers in Halting Recovery but Diesel Use Tepid

Diesel Fuel, Energy Topics & Technology, Latest, US News / By

By John Kemp (Reuters) – U.S. manufacturers are gradually emerging from a prolonged but shallow slowdown over the last two years, but progress has been fitful, and their consumption of diesel remains tepid, which is weighing on oil prices. The Institute for Supply Management’s manufacturing index slipped to 48.7 (22nd percentile for all months since 1980) …

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Oil Nudges Higher on Hopes of Summer Fuel Demand

Conventional Energy, Energy Topics & Technology, Gasoline, Latest, Oil, Tri-Pinned, US News / By

Summary US jobs data dampens hope for near-term interest rate cuts Goldman Sachs forecasts Brent rise to $86 in third quarter Other analysts expect inventory draws to support prices (Reuters) – Oil prices edged up on Monday, buoyed by hopes of rising fuel demand this summer, though gains were capped by a strengthening of the …

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