U.S. natural gas futures slid about 2% to a three-week low on Friday on record output that should enable utilities to keep injecting gas into storage through late November. Utilities usually start pulling gas out of storage to meet heating demand in mid-November. U.S. gas stockpiles were already 6% above normal in the week ended …
U.S. Natgas Prices Slid 2% to Three-Week Low on Record Output, Ample Storage Read More »
Summary OPEC+ meets to set policy on Nov. 26 Oil has fallen to four-month low this week Saudi Arabia expected to extend voluntary cut – Energy Aspects MOSCOW/LONDON, Nov 17 (Reuters) – OPEC+ is set to consider whether to make additional oil supply cuts when the group meets later this month, three OPEC+ sources told …
Customers will see this reduction on electric bills beginning December 1 Detroit, Nov. 17, 2023 (GLOBE NEWSWIRE) — DETROIT, November 17, 2023 — DTE Energy’s customers will soon see a decrease in their electric bills. DTE will be reducing the Power Supply Cost Recovery mechanism (PSCR), which represents the actual cost of the fuel and other sources …
(Bloomberg) OPEC is seeking to expand its legal team as the oil producer group prepares for challenges posed by the global shift away from fossil fuels. The Organization of Petroleum Exporting Countries wants to hire a new senior legal adviser as well as a legal specialist, according to postings on the Vienna-based group’s website. The oil industry has …
OPEC Seeks to Expand Legal Team for Energy Transition Challenge Read More »
U.S. natural gas futures fell about 3% on Thursday on a bigger-than-expected weekly storage build and on record output that should enable utilities to keep injecting gas into storage through at least late November. Utilities usually start pulling gas out of storage to meet heating demand in mid-November. The U.S. Energy Information Administration (EIA) said …
U.S. Natgas Prices Fall 3% on Big Storage Build, Record Output Read More »
(Bloomberg) Glencore Plc is preparing to unleash a new coal supermajor on the New York market that would – based on recent performance – churn out bigger profits than the current top 10 US listed coal miners combined. The world’s No. 1 shipper of thermal coal on Tuesday unveiled the first step in the process, …
Glencore Bets on US Love of Coal With New Fossil Fuel Giant Read More »
U.S. crude oil prices are anticipating an increase in inventories as the market moves into surplus during the first quarter of 2024, despite an expected extension of current production cuts by Saudi Arabia and its OPEC⁺ partners. U.S. crude futures for deliveries in January 2024 closed at $77 per barrel on November 15 – still …
U.S. Oil Prices Slide as Stocks Accumulate at Cushing: John Kemp Read More »
(Reuters) – U.S. developers building renewable energy projects and power storage for grids are scrambling to procure critical components, leading to rising costs and project delays. Supply chain problems have tightened supply of high-voltage transformers necessary to connect wind and solar farms and batteries to the grid, projects that are key to the energy transition. …
U.S. Renewable, Grid Battery Projects Battle Transformer Shortage Read More »
U.S. crude oil stockpiles jumped last week, while gasoline inventories posted a surprise draw as refineries picked up runs amid seasonally strong demand, the Energy Information Administration said on Wednesday. The EIA resumed publishing weekly data after a two week hiatus to complete a planned systems upgrade. Crude inventories rose by 3.6 million barrels in …
U.S. Crude Stockpiles Rise, Fuel Draws Down Last Week – EIA Read More »
By Scott DiSavino NEW YORK, Nov 15 – U.S. natural gas futures gained about 2% on Wednesday on forecasts for colder weather and more heating demand through the end of November than previously expected and as record amounts of gas flows to liquefied natural gas (LNG) export plants. Front-month gas futures for December delivery on …
U.S. Natgas Prices Gain 2% on Colder Forecast, Record LNG Export Feedgas Read More »
