U.S. shale oil output will flatten out if prices remain where they are now and will start to decline with prices in the $50s per barrel, the CEO of ConocoPhillips said on Tuesday in the latest prediction that oil’s slump could curb U.S. supply. The comments from Conoco CEO Ryan Lance come as forecasters including …
US Shale to Plateau if Oil Stays in Current Range, ConocoPhillips CEO Says Read More »
Summary Crude prices soften as OPEC+ accelerates output hikes High-sulphur fuel oil cracks hit record highs recently SINGAPORE, May 20 (Reuters) – Saudi Arabia is expected to burn more crude oil for power generation this summer than last as it ramps up output after OPEC+ eases supply controls and as fuel oil has become costly, …
Saudi Poised to Increase Summer Crude Burn for Power as Fuel Oil Cecomes Costly Read More »
Summary Equinor resumes work on Empire Wind Had been halted by interior secretary in April Compromise on wind and suspended gas pipeline reached (Reuters) – The Trump administration has lifted a month-old stop-work order on Empire Wind, a $5 billion wind farm project off the coast of New York, in a compromise with the state …
US Lifts Ban on New York Offshore Wind Project After Gas compromise Read More »
Equinor’s 810-megawatt offshore wind project is expected to produce enough electricity to power about 500,000 New York homes when complete.
(Reuters Breakingviews) – A sprawling global network of silicon has sprung up to power artificial intelligence. Housed within data centers, these chips demand vast sums of electricity to crunch the numbers behind the likes of ChatGPT. Yet both technology giants and energy utilities are incentivized to pad projections for how many of these facilities need …
(Reuters) – Oil prices steadied on Tuesday due to uncertainty in U.S.-Iran negotiations and Russia-Ukraine peace talks, while new government data delivered a cautious outlook for top crude-importer China’s economy. Brent futures for July slipped 7 cents, or 0.1%, to $64.75 a barrel by 0947 GMT. June U.S. West Texas Intermediate crude futures , which …
Oil Steadies as Market Assesses US-Iran Talks, Demand Signals Read More »
The U.S. Department of Energy will begin approving or rejecting pending applications for permits for liquefied natural gas exports to countries without any free trade agreement with the U.S., the agency said on Monday, after releasing a final study on the impact of further exports. In 2024, U.S. President Joe Biden’s administration paused such approvals …
US DOE to Begin Issuing Orders for Pending LNG Export Permits Read More »
U.S. natural gas futures fell about 7% to a three-week low on Monday on a small increase in output over the last few days even though pipeline maintenance curtailed some gas flows from the Permian Basin in West Texas. That pipeline work in Texas trapped some gas in the Permian shale and caused spot prices …
US Natgas Futures Fall 7% to 3-Week Low on Rising Output, Spot Waha Prices Turn Negative Read More »
Continental Resources alleges that it was paid below market value for non-operated interests it held in Hess Corp. wells in the Bakken.
Continental Resources alleges that it was paid below market value for non-operated interests it held in Hess Corp. wells in the Bakken.
