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U.S. natural gas futures slid about 3% on Tuesday on rising output and an ongoing oversupply of gas in storage. Analysts said there was still about 17% more gas in storage than normal for this time of year even though injections have been smaller than usual for nine of the past 10 weeks after several …
U.S. Natgas Prices Slide 3% on Rising Output, Oversupply in Storage Read More »
The top two lawmakers on the Senate energy committee on Monday introduced long-awaited legislation to speed permitting of power transmission, mining and liquefied natural gas export projects. Senators Joe Manchin, an independent who caucuses with Democrats, and John Barrasso, a Republican, said their bill would strengthen the power grid and help keep power prices low. …
U.S. Senators Introduce Bill to Speed Approvals of Energy Projects Read More »
U.S. natural gas futures jumped about 4% to a one-week high on Monday with an increase in the amount of gas flowing to U.S. liquefied natural gas (LNG) export plants as Freeport LNG in Texas started exporting cargoes again after shutting for Hurricane Beryl in early July. Traders also noted that the hottest weather of …
U.S. Natgas Prices Jump 4% on Rising Exports From Freeport LNG in Texas Read More »
As California attorney general, Harris had sued oil companies She’s been more critical of fracking, offshore oil than Biden As California attorney general, Kamala Harris brought lawsuits against fossil fuel companies, prosecuted a pipeline company over an oil leak and investigated Exxon Mobil Corp. for misleading the public about climate change. Now, with the vice president suddenly …
Harris Seen as Tougher Oil Industry Opponent Than Biden Read More »
Pre-construction on natural gas pipeline could start next week Energy Transfer says ‘surprising’ move given legal battles Williams Cos. will start building its delayed Louisiana Energy Gateway natural gas pipeline in the coming weeks, the company reported. Pre-construction will begin as early as July 25, Williams said Friday in a letter to the Federal Energy Regulatory …
Williams to Start Building Louisiana Energy Gateway Project Read More »
Exxon Mobil Corp has agreed to sell its Malaysian oil and gas assets to state energy firm Petronas, exiting the country’s upstream sector where it used to be a dominant producer, two sources with direct knowledge of the matter said. The U.S. major, which last year marked its 130th year in Malaysia, has been trying to …
ExxonMobil Selling Malaysia Oil and Gas Assets to Petronas, Sources Say Read More »
Russia’s oil and gas revenue in July is set to rise by 50% year on year to almost $14 billion thanks to stronger oil prices and a weaker rouble, Reuters calculations showed on Thursday. Oil and gas revenue has been the most important source of cash for the Kremlin, accounting for about a third to …
Russia’s July Oil and Gas Revenue to Jump 50% to $14 bln, Reuters Calculations Show Read More »
U.S. natural gas futures fell about 4% to a nine-week low on Monday on forecasts for less hot weather and lower demand over the next two weeks than previously expected. Traders also noted prices were depressed by rising output, the tremendous oversupply of gas still in storage and the slow return of the Freeport LNG …
U.S. Natgas Prices Fall 4% to 9-Week Low on Forecasts for Less Heat, Demand Read More »
(Reuters) – Shell has replaced liquefied natural gas (LNG) volume it lost after exiting Russia in 2022 with a string of deals that underpin CEO Wael Sawan’s bet on growing demand for the fuel as he reduces the focus on renewable energy. The new projects in the United Arab Emirates and Trinidad and Tobago and the acquisition …
Shell’s Bet on Gas Boom Takes Shape with String of Deals Read More »
U.S. natural gas futures fell about 2% to a two-month low on Thursday on a bigger-than-expected weekly storage build as output rose and the amount of gas flowing to liquefied natural gas (LNG) export plants dropped after Freeport LNG in Texas shut early this week for Hurricane Beryl. Front-month gas futures for August delivery on …
US Natgas Prices Fall 2% to Two-Month Low on Big Storage Build, Rising Output Read More »
