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System to become a hurricane Tuesday on path toward Louisiana Chevron halts production at two oil platforms ahead of storm Tropical Storm Francine is set to become a hurricane Tuesday as it churns toward Louisiana, forcing some oil drillers to halt production and evacuate crews in the Gulf of Mexico. Strong winds and a dangerous …
Tropical Storm Francine Disrupts Gulf Coast Oil, Gas Output Read More »
A major U.S. oil and gas trade group on Monday warned that energy production in the Gulf of Mexico could stop if the Commerce Department does not act quickly to publish a new assessment of how endangered species should be protected in the region. WHY IT’S IMPORTANT A court ruling by a federal judge last …
Gulf of Mexico Oil Production Could Stall After Court Ruling, Industry Warns Read More »
U.S. Gulf of Mexico oil and gas producers were evacuating staff and curbing drilling to prepare for Tropical Storm Francine on Monday as it churned through the energy region on a path to bring high winds and drenching rains to the U.S. mid-South. Francine is likely to bring life-threatening storm surge to the upper Texas …
U.S. Oil Firms Evacuate Staff, Cut Drilling Ahead of Storm Francine Read More »
Swing state with most Electoral College votes draws resources Tuesday debate in Philadelphia underscores state’s importance Pennsylvania is emerging as the top battleground in the White House race with Kamala Harris and Donald Trump increasingly focusing their attention and resources on the Keystone state. The most populous of the swing states, Pennsylvania — with its 19 Electoral College votes …
Study finds that when high-polluting firms have easy access to public investor money, emissions go down By Deborah Jaremko Follow CEC on LinkedIn CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Kelly Shue is a professor of finance at the Yale School of Management. Photo courtesy Yale School of Management A finance …
Divesting From Energy Firms Counterproductive, Could Increase Emissions: Yale Professor Read More »
The number of workers in US oil fields and the amount they’re paid have now fallen for two straight months to their lowest levels this year, indicating the wave of mergers and acquisitions in the sector are taking a toll on employment. The overall number of front-line US oil and gas workers fell 1.2% on a month-over-month …
Oil Field Jobs and Pay Drop as U.S. Shale Consolidation Takes Hold Read More »
(Reuters) – Goldman Sachs adjusted its expectations for OPEC+ oil production saying it now expects three months of production increases starting from December instead of October, the bank said in a note on Friday. OPEC+ has agreed to delay a planned oil output increase for October and November, the producers group said on Thursday after crude prices …
Goldman Sachs Expects OPEC+ Production Increases to Start in December Read More »
(Reuters) – Fuel oil exports bound for the U.S. Gulf Coast slumped to their lowest level since January 2019 last month, a sign of weakened refinery demand as margins have softened, analysts said. Feedstocks like high sulfur fuel oil and other heavy residues can be refined into higher value products such as gasoline and diesel …
U.S. Gulf Coast-Bound Fuel Oil Cargoes Hit 5-Yr Low as Refinery Demand Weakens Read More »
Sept 6 (Reuters) – Bank of America Global Research on Friday downgraded its 2025 Brent price forecast by $5 to $75 per barrel, citing weaker demand, particularly from China, and significant inventory builds. According to the bank’s analysts, subdued global oil demand growth of 1.1 million barrels per day (bpd) year-on-year in 2025, combined with …
BofA Lowers 2025 Brent Forecast by $5/bbl on Softer Demand Read More »
By Katrina Hamlin HONG KONG, Sept 6 (Reuters Breakingviews) – China’s electric cars have zoomed into a new era of battery-powered driving. Now models such as BYD’s (002594.SZ) Seal and Great Wall Motor’s (601633.SS) Funky Cat face an international backlash. The U.S. is quadrupling duties on imports of electric vehicles from the People’s Republic to …
