(Reuters) – Oil prices settled more than 1% lower on Friday, falling for the third consecutive week, as the market balanced supply fears against renewed economic concerns in the United States and China. Brent crude futures settled down 81 cents, or 1.1%, to $74.17 while West Texas Intermediate (WTI) U.S. crude futures fell 83 cents, …
Oil Ends the Week Down on Stronger Dollar, Demand Fears Read More »
May 12 (Reuters) – TC Energy Corp (TRP.TO) finished recovering oil from a rural Kansas creek where its Keystone Pipeline spilled 14,000 barrels of oil in December, the company said on Friday. The pipeline operator expects to remain onsite until the third quarter of this year to finish restoring the Mill Creek shoreline, TC Energy said in …
TC Energy finishes recovering oil from Kansas creek in Keystone spill Read More »
The U.S. oil and natural gas rig count fell this week to its lowest in nearly a year, as gas rigs slumped by the most in a week since February 2016, energy services firm Baker Hughes Co (BKR.O) said in its closely followed report on Friday. U.S. natural gas futures jumped over 5% shortly after Baker …
US Weekly Natgas Rig Count Falls by Most Since 2016 – Baker Hughes Read More »
(Reuters) – Sour crude oil supplies for U.S. Gulf Coast oil refiners will be squeezed in coming weeks, market participants said, as global demand rises following this month’s OPEC+ production cut. The oil producing group’s 500,000 barrel per day cut will reduce stocks of sour crudes as U.S. oil refiners ramp up purchases for summer …
Tight market for sour crude oil to squeeze U.S. Gulf Coast refiners Read More »
(Reuters) – U.S. Energy Secretary Jennifer Granholm told lawmakers on Thursday her department could start repurchasing oil for the Strategic Petroleum Reserve (SPR) after completing a congressionally mandated sale next month. “That congressionally mandated sale of 26 million barrels will be completed by June, and it’s at that point where we will flip the switch …
U.S. could start buying oil for reserve after June sale, energy secretary says Read More »
Accretive transaction strengthens Free Cash Flow outlook and adds ~100 high-value oil-weighted locations TULSA, OK, May 12, 2023 (GLOBE NEWSWIRE) — Vital Energy, Inc. (NYSE: VTLE) (“Vital Energy” or the “Company”) today announced the signing of a definitive joint purchase and sale agreement to acquire the assets of Forge Energy II Delaware, LLC (“Forge”), an …
Vital Energy Expands Permian Footprint with Delaware Basin Acquisition Read More »
U.S. natural gas futures were little changed on Thursday as the market waited for direction from a federal report expected to show a smaller-than-usual storage build last week when cold weather kept heating demand for the fuel high. Prices did not react to a bullish decline in output over the past few days or forecasts …
U.S. natgas futures little changed ahead of federal storage report Read More »
ROTTERDAM, May 11 (Reuters) – Saudi Arabia and the Netherlands on Thursday signed a memorandum of understanding to collaborate on the development of green energy and hydrogen. The Netherlands could be the main destination for the transport of hydrogen derived from renewable energy sources from Saudi Arabia to Europe, Saudi energy minister Prince Abdulaziz bin …
Saudi Arabia and Netherlands agree to collaborate on green energy Read More »
The soon-to-be chief executive of what will become the world’s third-biggest lithium producer says the new company will focus on building a supply chain in the Americas, as US automakers look for non-Chinese sources of the battery metal. “America-centric is a big differentiator for us with customers, with investors,” Paul Graves said in an interview …
Head of New Lithium Giant Building Supply Chain for Americas Read More »
Lawsuit says oil and gas development violates constitutional rights Oil, gas development has grown nearly tenfold in past 10 years May 10 (Reuters) – New Mexico residents on Wednesday sued the state seeking to suspend new permitting for oil and gas production, claiming the government’s approvals for fossil fuel projects, without proper oversight, violates a …
New Mexico residents sue seeking to block oil and gas permitting Read More »
