By Clyde Russell LAUNCESTON, Australia, May 12 (Reuters) – China’s imports of crude oil edged into positive territory for the first months of the year, but rather than a sign of improving fuel demand, the recovery is more about rising inventories. The world’s biggest crude importer recorded arrivals of 11.69 million barrels per day (bpd) …
China’s Recovery in Crude Oil Imports is More Bearish Than Bullish Read More »
(Reuters) – The U.S. Department of Energy on Monday proposed to eliminate or change more than 40 regulations and programs to align them with President Donald Trump’s efforts to relax federal rules and gut diversity initiatives. The moves will save U.S. taxpayers $11 billion, the agency said in a statement, calling it the first step …
Trump’s Energy Department Unveils Broad Rule Changes Aimed at Cutting Red Tape Read More »
(Reuters) – Colorado’s highest court on Monday rejected efforts by ExxonMobil and Suncor Energy to dismiss a lawsuit by the city of Boulder seeking to hold the fossil fuel companies responsible for climate change. The Colorado Supreme Court in a 5-2 decision said federal law did not block Boulder and its surrounding county from claiming …
Colorado Top Court Allows Boulder to Sue Exxon, Suncor Over Climate Change Read More »
BP’s U.S. shale operations include the Permian, Eagle Ford and Haynesville. The next wave of oil and gas consolidation may include mergers between the majors, veteran M&A insider Stephen Trauber of Moelis tells Hart Energy.
The African nation has extended its bid submissions for a hydrocarbon tender to July.
Steps are being taken at the federal level to ensure sufficient power generation to fulfill the energy demands of data centers in the U.S.
The $12 billion deal positions NRG to capitalize on a power-hungry future driven by data centers and grid strain.
The export facility is designed to have a 14 million tonnes per year capacity, and is under construction at Kitimat, British Columbia, on the Canadian west coast.
A U.S. House committee released a budget proposal that includes more than $1.5 billion to replenish and maintain the Strategic Petroleum Reserve, and cancels a congressionally mandated sale, following huge sales from the facility in 2022. The proposal from the House Energy and Commerce Committee released late on Sunday contains $1.32 billion to purchase oil …
US House Budget Bill Seeks More Than $1.5 Billion for Strategic Petroleum Reserve Read More »
U.S. officials said on May 11 that a deal had been made to reduce the U.S. trade deficit with China. While all the details may not be established, oil prices will get another boost from this “deal”.
