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U.S. Natural Gas Declines as Weather Moves Cooler in Central US

Conventional Energy, Latest, Natural Gas, US News / By

U.S. natural gas futures fell as weather forecasts shifted cooler for the central part of the country. Gas storage remains significantly above the five-year average, inciting fears of a continued oversupplied market, and production is strong. Futures for August delivery settled -12.3c, or -4.7%, to $2.478/mmbtu on Nymex Lowest close since May 15 Weather: Forecasts are trending …

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German Industry Turns to Solar in Race to Cut Energy Costs

CDN and International News, Latest, Renewable Energy, Solar / By

Summary Industrial, commercial solar installations up 81% in early 2024 Energy savings and future price stability are key incentives Large rooftop solar subsidies tender bids up 107% y/y (Reuters) – For months, Philip Matthias tried to convince his father to install solar panels on their company’s roof in the eastern German state of Thuringia, aiming …

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Venezuela’s Maduro Accepts Proposal to Restart Direct U.S. Talks

CDN and International News, Conventional Energy, Latest, Oil / By

Venezuelan President Nicolas Maduro said on Monday that he has accepted a proposal to restart direct talks with the United States. “After thinking about it, I have accepted and next Wednesday the talks will restart with the United States government to comply with the agreements signed in Qatar and to reestablish the terms of the …

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Oil Bulls Advance Cautiously as Stocks Expected to Fall: Kemp

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

Investors purchased petroleum for the third week running as bearishness triggered by the OPEC+ meeting at the start of June waned and fund managers anticipated a big depletion of inventories in the third quarter. Hedge funds and other money managers purchased the equivalent of 86 million barrels in the six major petroleum futures and options …

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Oil Rises to Two-Month High on Summer Demand Outlook and Supply Fears

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

(Reuters) – Oil prices extended gains to two-month highs on Tuesday on expectations of rising demand during the summer driving season and possible supply disruptions from Hurricane Beryl. Brent crude futures rose 70 cents, or 0.81%, to $87.30 a barrel by 1035 GMT, their highest since April 30. U.S. West Texas Intermediate (WTI) crude was …

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Federal Judge Halts U.S. Government’s Ban on LNG Permits

Conventional Energy, Latest, LNG, Pinned Primary / By

A federal judge on Monday blocked the U.S. government’s ban on approving applications to export liquefied natural gas (LNG), in response to a lawsuit by Republican-led states. U.S. District Judge James Cain Jr, in Louisiana, a Trump appointee, ruled that the LNG export ban “be stayed in its entirety, effective immediately.” A coalition of 16 …

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E&P Highlights: July 1, 2024

Latest / By

Here’s a roundup of the latest E&P headlines, including the Israeli government approving increased gas export at the Leviathan Field and Equinor winning a FEED contract for the all-electric Fram Sør Field.

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