Oil

Auto Added by WPeMatico

About 12% of North Dakota’s Oil Output Shut Down by Cold Weather

Conventional Energy, Latest, Oil, US News / By

HOUSTON, Jan 20 (Reuters) – North Dakota’s oil production was estimated to be down by between 125,000 barrels per day (bpd) and 150,000 bpd due to extreme cold weather and related operational challenges, the state’s pipeline authority said on Monday. North Dakota is the third-largest oil-producing state in the country and the impacted production represents …

About 12% of North Dakota’s Oil Output Shut Down by Cold Weather Read More »

What DC Energy Lobbyists Really Think About Trump

Coal, Conventional Energy, Latest, LNG, Natural Gas, Nuclear, Oil, US News / By

Unlike Joe Biden, the incoming president is overtly pro-fossil fuels. But the US oil and gas industry still sees risks ahead. Welcome to our guide to the commodities powering the global economy. Today, senior reporter Jennifer Dlouhy writes about what lies ahead for the US oil and gas industry under Donald Trump. The US will …

What DC Energy Lobbyists Really Think About Trump Read More »

Trump to Declare National Energy Emergency, Unlocking New Powers

Conventional Energy, Latest, LNG, Natural Gas, Oil / By

President-elect to invoke powers on day one: people familiar Actions set to touch full spectrum of the US energy industry Bloomberg News President-elect Donald Trump is poised to invoke emergency powers as part of his plan to unleash domestic energy production while seeking to reverse President Joe Biden’s actions to combat climate change, according to …

Trump to Declare National Energy Emergency, Unlocking New Powers Read More »

HE’S BACK! Tariffs, Deportations and ‘Drill, Baby, Drill’: What to Watch for as Trump Returns

Energy Topics & Technology, Latest, Natural Gas, Oil, Pinned Primary, US News / By

WASHINGTON — The looming threat of devastating tariffs slapped against Canada hangs over president-elect Donald Trump’s return to the White House Monday. Trump is preparing more than 100 executive orders. It’s unclear what is in the massive package and how many will be signed immediately. Here are five things to watch for out of the …

HE’S BACK! Tariffs, Deportations and ‘Drill, Baby, Drill’: What to Watch for as Trump Returns Read More »

Republican-Led States Sue Biden Administration Over Offshore Drilling Ban

Conventional Energy, Energy Topics & Technology, Latest, Offshore, Oil, US News / By

Summary • Biden announced ban on Jan. 6, saying it helps fight climate change • Trump says he will reverse it • Republican-led states joined by trade groups in their lawsuit (Reuters) – A group of Republican-led states filed a lawsuit on Friday challenging a ban announced by outgoing Democratic U.S. President Joe Biden earlier …

Republican-Led States Sue Biden Administration Over Offshore Drilling Ban Read More »

US Drillers Cut Oil and Gas Rigs to Lowest Since Dec 2021, Baker Hughes Says

Conventional Energy, Latest, Natural Gas, Oil, US News / By

(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row to the lowest since December 2021, 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, …

US Drillers Cut Oil and Gas Rigs to Lowest Since Dec 2021, Baker Hughes Says Read More »

IMF Lowers 2025 Saudi Arabia Growth Forecast on Extended Oil Production Cuts

CDN and International News, Conventional Energy, Energy Topics & Technology, Forecasts, Latest, Oil / By

(Reuters) – The International Monetary Fund has lowered its 2025 GDP growth projection for Saudi Arabia to 3.3%, mainly due to extended oil production cuts, it said on Friday in the latest update to its global outlook. It also trimmed its 2024 growth estimate for the Gulf state to 1.4%. In its October Regional Economic …

IMF Lowers 2025 Saudi Arabia Growth Forecast on Extended Oil Production Cuts Read More »

Kremlin Says US Stance on Russian Oil Sanctions Unlikely to Change

CDN and International News, Conventional Energy, Latest, Oil / By

(Reuters) – The Kremlin said on Friday it does not expect the United States to soften its position on sanctions against Russian oil once President-elect Donald Trump takes office, despite his administration’s readiness for dialogue on the Ukraine war. Kremlin spokesman Dmitry Peskov was commenting on remarks by Trump’s choice for Treasury Secretary, Scott Bessent, …

Kremlin Says US Stance on Russian Oil Sanctions Unlikely to Change Read More »

SLB Boosts Dividend and Buybacks After Q4 Beat Expectations

Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, OFS-Oilfield Services, Oil, US News / By

Summary Q4 adjusted profit 92 cents per share vs forecast 90 cents Q4 revenue $9.28 billion vs forecast $9.18 billion Shares up more than 2% in premarket trade (Reuters) – SLB (SLB.N), opens new tab raised its quarterly dividend and accelerated share repurchases on Friday after the oilfield services provider posted better than expected fourth-quarter …

SLB Boosts Dividend and Buybacks After Q4 Beat Expectations Read More »

Oil Set for Fourth Week of Gains as Investors Assess US Sanctions Impact

Conventional Energy, Latest, Natural Gas, Oil, Tri-Pinned, US News / By

Summary • Brent up 2.4% so far this week, WTI adds 3.5% • Concerns about more supply disruptions as Trump returns to power • Potential halt to Houthi attacks on shipping in focus after Gaza ceasefire deal (Reuters) – Oil prices rose on Friday, on course for a fourth consecutive week of gains, as the …

Oil Set for Fourth Week of Gains as Investors Assess US Sanctions Impact Read More »

Subscribe
Subscribe