Summary Brent stays above $90/bbl level reached last week POLL-U.S. crude inventories likely fell last week API data on U.S. crude stocks due at 2030 GMT LONDON, Sept 12 (Reuters) – Oil prices rose about 1% on Tuesday, boosted by a tighter supply outlook, while investors awaited macroeconomic data that could indicate whether interest rates …
U.S. natural gas futures held near a one-week high on Monday on a big daily drop in U.S. output and much higher global gas prices. Capping those gains were forecasts for milder weather and lower demand over the next two weeks than previously expected. Front-month gas futures for October delivery on the New York Mercantile …
US natgas prices hold near one-week high on lower daily output Read More »
Governments worldwide are facing increasing pressure to step up the fight against global warming as almost every corner of the planet battles wildfires, heat waves and other deadly impacts from rising temperatures. Climate change is set to be at the top of the agenda at the United Nations annual meeting in New York next week. UN Secretary General Antonio …
Money, Oil and Fights Over Emissions: What to Watch at COP28 Read More »
(Reuters) – Chevron Australia (CVX.N) no longer expects to reach a deal with unions and will instead pursue an untested legal strategy to stop industrial action at its Gorgon and Wheatstone liquefied natural gas facilities as unions prepare for full scale strikes. Hundreds of workers at the facilities, which account for over 5% of global supply, started …
Chevron gambles on untested laws to halt Australia LNG strike action Read More »
(Reuters) – Oil prices edged lower on Monday after fresh Saudi and Russian crude output cuts had driven prices to 10-month highs last week. Saudi Arabia and Russia last week announced that they will extend voluntary supply cuts of a combined 1.3 million barrels per day (bpd) until the end of the year. Brent crude fell by …
Oil Prices Ease From 10-Month Highs But Hold Above $90 a Barrel Read More »
In a pilot phase prior to the go-live, BP had tested the DIMATE PACS capability to exchange digital data with NDT service contractors. The DIMATE PACS passed the test with flying colors – or as Peter van Bruggen put it, Delivery Orchestration Lead I&E – Digital Production & Business Services at BP: “This innovative NDT …
The UK’s offshore wind energy plans, and the climate goals that go with it, have been brought to a sudden halt. On Friday, an auction for contracts to build new wind farms received zero bids from developers. It’s the first time that’s happened since the current system was introduced almost a decade ago, and it raises major …
What’s Next for Britain’s Struggling Offshore Wind Industry? Read More »
When crude surges above $90 a barrel and the leaders of Saudi Arabia and Russia get on the phone to congratulate each other on a job well done, oil consumers should take note. After half a year in the doldrums, the price of the world’s most important commodity is on a tear as the biggest players in …
Oil Price Resurgence Has Further to Run After the Saudis Turn the Screw Read More »
Sept 8 (Reuters) – Power prices in Texas soared on Friday with electric use expected to hit a record high as homes and businesses blasted their air conditioners to escape another sweltering heat wave. So far this week, the state’s electric grid operator has passed several reliability tests after urging homes and businesses to conserve …
Texas power prices soar as grid passes reliability test in heat wave Read More »
Sept 8 – U.S. energy firms this week increased the number of oil rigs operating for the first time since June, while cutting the natural gas rig count, energy services firm Baker Hughes (BKR.O) said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by …
U.S. Drillers Add Oil Rigs for First Time Since June, Baker Hughes Says Read More »
