The U.S. issued two solicitations on Friday to buy a total of 6 million barrels of crude oil for the Strategic Petroleum Reserve as the administration of President Joe Biden replenishes the stockpile following a historic sale in 2022. The Department of Energy said the oil is for delivery to the SPR’s Bayou Choctaw site …
U.S. Seeks 6 Million Barrels of Oil for Strategic Petroleum Reserve Read More »
Summary US jobs data dampens hope for near-term rate cut ECB rate cut had spurred hopes for similar Fed action OPEC+ may adjust output, Saudi energy minister indicates US oil rig count hits the lowest since January 2022 (Reuters) – Oil prices edged down on Friday and posted a third straight weekly loss as investors …
Oil Dips to End the Week on Deflated U.S. Interest Rate Cut Expectations, OPEC+ Decision Read More »
XCL Resources is beginning its journey to acquire Altamont Energy, but in the meantime, the company is refining its operations in the Uinta Basin to find the perfect lateral length.
Brazil’s state-owned Petrobras looks to restart operations at its Araucária Nitrogenados fertilizer plant, located in Brazil’s state of Paraná, in the second-half 2025.
TotalEnergies operates Block 58, with partner APA Corp., and expects to make a final investment decision in fourth quarter 2024, while initial production is slated 2028.
Here is a look at some of this week’s renewable energy news, including the International Energy Agency’s forecast on clean energy investment reaching $2 trillion this year.
The murky overlap between securities laws and oil and gas interests could land individuals and companies on the wrong side of a securities-related investigation.
Element Fuels Holdings, a Dallas-area startup proposing to build the first all-new U.S. oil refinery in nearly 50 years, on June 6 said it was relaunching efforts to build a large plant in South Texas.
NextEra Energy and Entergy entered a 5-year joint development agreement to accelerate development of projects in Arkansas, Louisiana, Mississippi and Texas.
Vistra shares have pulled back after quadrupling in a year Peer Constellation and power equipment firms have retreated Shares of power producer Vistra Corp. are on track for their worst week since 2022 as traders backpedaled on bets for an AI-fueled surge in electricity demand. The Texas-based firm’s shares rose more than 2% Friday while remaining on …
Texas Power Firm Set for Worst Week in Two Years as AI Bets Fade Read More »
