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US Crude Stocks and Gasoline Inventories Rise, Distillate Stocks Fall, EIA Says

Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, Oil, US News / By

(Reuters) – U.S. crude stocks and gasoline inventories rose while distillate stockpiles fell in the week ending November 15, the Energy Information Administration said on Wednesday. Crude inventories rose by 545,000 barrels to 430.3 million barrels last week, the EIA said, compared with analysts’ expectations in a Reuters poll for a 138,000-barrel rise. Crude stocks …

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Exxon Mobil Signs Non-Binding Lithium Supply Deal with LG Chem

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

Summary Preliminary deal for 100,000 metric tons over several years Arkansas must first set lithium royalty rate Exxon sees lithium demand rising despite Trump’s EV comments Exxon still deciding on which direct lithium extraction technology to use HOUSTON, Nov 20 (Reuters) – Exxon Mobil  said on Wednesday it has signed a non-binding lithium supply deal …

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BP’s Whiting Refinery in Indiana Delays Return to Service, Sources Say

Conventional Energy, Energy Topics & Technology, Latest, Oil, Refineries, US News / By

(Reuters) – The return to service of BP’s Whiting, Indiana refinery has been delayed, industry sources said. BP started the planned turnaround activity at its 435,000 barrel-per-day refinery in late September. The refinery began restarting units involved in the turnaround in early November. A source said at least two of the units have experienced startup …

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TC Energy Forecasts Higher 2025 Core Profit on Natgas, Electricity Demand

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

(Reuters) – TC Energy  said on Tuesday it expects 2025 core profit to be in the range of about C$10.7 billion ($7.63 billion) to C$10.9 billion ($7.78 billion), higher than its 2024 forecast, due to rising demand for natural gas and electrification. The U.S. Energy Information Administration, in its latest short-term energy outlook report, saw the …

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Liberty Energy Names Successor After Trump Picks CEO Wright as Energy Secretary Nominee

Energy Topics & Technology, Latest, OFS-Oilfield Services, US News / By

 U.S. oilfield services firm Liberty Energy said on Monday it plans to appoint Ron Gusek as its CEO if current Chief Executive Chris Wright is confirmed as the U.S. Secretary of Energy. President-elect Donald Trump named Wright, who founded Liberty in 2011, as his pick to lead the energy department on Saturday. Wright’s appointment is …

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COMMENTARY: The Injustice of Climate Reparations – Alex Epstein

CDN and International News, Energy Commentary, Energy Topics & Technology, Environment, Latest / By

COP 29 leaders are demanding over a $1 trillion a year in climate reparations from the US and other successful nations. They don’t deserve a nickel. By Alex Epstein COP 29 is calling for over $1 trillion in annual climate reparations A major theme of COP 29 is that the world should set a “New …

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What Will Be the Future of the Keystone XL Pipeline Under President Trump?

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

by Terry Winnitoy, EnergyNow The Keystone XL Pipeline, proposed in 2008, was designed to transport Canadian crude oil from Alberta to refineries in the United States, specifically to Steele City, Nebraska, and onward to refineries in Illinois and Texas, as well as to an oil pipeline distribution center in Cushing, Oklahoma. Spanning approximately 1,179 miles …

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COMMENTARY: 3 Undeniable Facts About Climate For #COP29 – Alex Epstein

CDN and International News, Energy Commentary, Energy Topics & Technology, Environment, Latest / By

We need energy freedom to increase climate resilience and drive energy innovation By Alex Epstein Climate debates often focus on exactly how much rising CO2 levels will impact the global climate.The truth is, there is a lot of uncertainty here.What is certain is that we need energy freedom to achieve climate resilience and energy innovation. Here …

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North Dakota Approves Summit Carbon Pipeline Permit

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

(Reuters) – North Dakota regulators on Friday approved Summit Carbon Solutions’ application for a permit to run a section of its carbon dioxide pipeline through the state and store the captured greenhouse gas underground. The unanimous vote by the three-member Public Service Commission is a critical step for Summit’s hopes to build the biggest carbon …

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Global Oil Market Faces a Million-Barrel Glut Next Year, Says IEA

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

Supply from the U.S., Brazil, Canada and Guyana is set to grow Oil drums sit stacked in a warehouse at Jacobi Oil Service, Inc. in Floyds Knobs, Ind. Global oil markets are facing a surplus next year as Chinese demand continues to falter. Photo by Luke Sharrett /Bloomberg Global oil markets face a surplus of …

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