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U.S. natural gas futures rose over 3% to more than a one-week high on Monday, helped by a shift in short-term forecasts to cooler weather that would lead to increased gas demand for heating. Front-month gas futures for January delivery on the New York Mercantile Exchange were up 12 cents, or 3.9%, to $3.20 per …
U.S. Natural Gas Up More than 3% to 1-Week High as Weather Turns Colder Read More »
Igor Sechin, the head of Russia’s largest oil producer Rosneft, on Saturday said he approved of U.S. President-elect Donald Trump’s proposals to defend domestic energy producers. Speaking at a conference in Qatar, he said that Trump’s promises during his election campaign involved “fitting” economic measures, including protecting domestic energy producers and the market. Trump’s return …
Russia’s Oil Tsar Says Trump’s Moves to Defend U.S. Producers ‘Fitting’ Read More »
The problem with attacks on ESG is that investors seem happy with the returns — and it’s their money By Stephen L. Carter Stephen L. Carter is a Bloomberg Opinion columnist, a professor of law at Yale University and author of “Invisible: The Story of the Black Woman Lawyer Who Took Down America’s Most Powerful Mobster.” …
Oil driller trims green budget to $1.5 billion from $2 billion Chevron is prioritizing profits over oil production next year Chevron Corp. is cutting low-carbon investments by one-fourth as the oil explorer trims spending across the board and prioritizes profits over energy output. Chevron plans to spend $1.5 billion on 2025 emission-reductions efforts and alternative energy …
Chevron Is Cutting Low-Carbon Spending by 25% Amid Belt Tightening Read More »
Dec 6 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for the first time in eight weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, rose by seven to 589 in the week to …
U.S. Drillers Add Oil and Gas Rigs for First Time in 8 Weeks -Baker Hughes Read More »
Natural gas, wheat and other commodities are poised for a rollercoaster ride on geopolitical tensions and shifting forecasts for cold. A winter forecasting enigma is poised to send prices for energy and food on a bumpy ride in the next few months, with commodities from natural gas to wheat at risk of breakneck gains against a backdrop of geopolitical …
A Winter Weather Puzzle Is Raising the Risk of Meteoric Energy Inflation Read More »
** J.P. Morgan expects natural gas producers to benefit from three distinct demand trends; build-out of LNG export capacity, rising power demand from electrification and coal-to-gas switching ** Says expectations of record U.S. oil supply, OPEC+ barrels return in 2025, Non-OPEC 2025 supply growth and potential policy de-regulations due to Republicans gaining control of the …
J.P. Morgan Expects Demand Trends to Favor US Natgas Over Oil Read More »
Chris Wright has championed fossil fuels as a moral good and characterized climate change as modest Standing shoulder to shoulder with his employees, Chris Wright, chief executive officer of oilfield services company Liberty Energy Inc., held up his glass in a toast. “To your health and the longer lives and healthier lives of billions of people …
PROFILE: Outspoken and Energy Realist CEO is Now Trump’s Oil Evangelist Read More »
By Gavin Maguire (Reuters) – Natural gas prices in Asia, Europe and North America have climbed by around 30% to 50% so far in 2024, and look set to keep rising over the coming months as forecasts for cold weather trigger higher heating demand in key consumer hubs. Active restocking of rapidly-declining gas inventories in Europe …
Key Global Natural Gas Prices Set to Keep Rising into 2025 Read More »
The United States started the winter heating season with the highest levels of natural gas in storage since 2016, the U.S. Energy Information Administration said on Monday. Working natural gas in storage in the Lower 48 states ended the natural gas injection season with 3,922 billion cubic feet, according to estimates based on the EIA’s …
US Natgas Storage Volumes Highest Since 2016 as Winter Heating Season Starts, EIA Says Read More »
