(Reuters) – Oil prices rose on Tuesday, as investors weighed the impact of tensions in the Middle East. Brent crude futures gained 77 cents, or about 0.99%, to $78.92 a barrel at 1014 GMT. The contract had lost 14 cents on Monday. U.S. West Texas Intermediate crude was up 46 cents, or 0.63%, from Friday …
(Reuters) – The effective closure of the Red Sea to tankers carrying liquefied natural gas (LNG), while a concern, is unlikely to shift prices for the super-chilled fuel because other factors are driving the market. QatarEnergy, the world’s second-biggest LNG shipper, has stopped sending tankers via the Red Sea, a senior source with direct knowledge of …
Red Sea Disruptions Not (Yet) Enough to Trouble LNG Prices Read More »
(Reuters) – Shell is set to conclude nearly a century of operations in Nigerian onshore oil and gas after agreeing to sell its subsidiary there to a consortium of five mostly local companies for up to $2.4 billion. The British energy giant pioneered Nigeria’s oil and gas business beginning in the 1930s. It has struggled …
Shell to Exit Nigeria’s Troubled Onshore Oil After Nearly a Century Read More »
NEW YORK, Jan 16 (Reuters) – Developers of renewable energy projects selling unused U.S. tax credits to other companies now account for a market worth between $7 billion and $9 billion, buoyed by legislation in 2022 that made these trades possible, a new study shows. President Joe Biden’s climate law aimed to stoke trillions of dollars of investment to …
U.S. Energy Tax Credit Trading Grows to as Much as $9 billion, Study Finds Read More »
North Dakota oil production has fallen by 400,000 to 425,000 barrels per day and gas output is down 1.0 billion to 1.1 billion cubic feet per day on extreme cold and related operational issues, the North Dakota Pipeline Authority estimated on Monday. Canadian gas continued to flow to the U.S. midcontinent through the Northern Border …
North Dakota Oil Output Drops up to 425,000 Bpd on Freezing Weather Read More »
At least six further oil tankers have either diverted their course away from, or paused before entering the southern Red Sea since the weekend, ship tracking data from LSEG and Kpler show. That takes the total number of shipping disruptions counted by Reuters to at least fifteen in total since the U.S.-led strikes on Houthi …
More Oil Tankers shun Southern Red Sea After U.S.-led Strikes in Yemen Read More »
Reuters North Dakota oil production has fallen by an estimated 250,000 to 280,000 barrels per day due to freezing weather, while natural gas output in the state declined by 700 million to 800 million cubic feet per day, the North Dakota Pipeline Authority estimated on Sunday.An Arctic blast is blanketing much of the United States, …
North Dakota Oil Output Off by up to 280,000 Bpd Due to Cold Weather Read More »
A man stands outside a coffee shop after a blizzard left several inches of snow, in downtown Des Moines, Iowa, U.S., January 13, 2024. REUTERS/Marco Bello/File Photo Acquire Licensing Rights (Reuters) – U.S. natural gas output fell to a preliminary 11-month low on Sunday as frigid weather froze wells across the country, while gas demand for heating …
Frigid Temps Cut U.S. Natural Gas Supply as Demand Soars, Texas Faces Possible Shortfall Read More »
(Reuters) – Oil prices lost more than 1% on Monday as the Middle East conflict’s limited impact on crude output prompted profit taking after oil benchmarks gained 2% last week. Brent crude futures were down $1.14, or about 1.5%, at $77.15 a barrel by 1250 GMT and U.S. West Texas Intermediate crude lost $1.15, or …
Oil Drops More Than 1% Despite Middle East Conflict Read More »
Hydropower has underperformed since 2022’s historic drought, causing widespread economic pain. That’s finally changing. Visitors view the shipping locks of China’s Three Gorges Dam, where water storage is up about 25% from the previous year. Despite the much-deserved excitement surrounding China’s rapid build-out of wind turbines and solar panels, the country’s biggest source of clean energy remains one …
China’s Dams Are Refilling, and That’s Good News for the Climate Read More »
