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Darren Woods tells COP that demand will keep rising, and the world needs an energy transition that’s profitable for companies like his. Bloomberg News For the second year running, the chief executive officer of the largest US oil company made an appearance at the COP climate talks. And Darren Woods, seen as a climate criminal by many …
Exxon CEO Goes Into the Lion’s Den to Tout Fossil Fuels Read More »
Summary Most of Canada’s 4 million bpd of oil exports to go U.S. U.S. cannot easily replace Canadian barrels Stronger U.S. dollar could benefit Canadian producers, says analyst (Reuters) – Canada’s energy industry does not expect U.S. President-elect Donald Trump’s broad plans for protectionist trade measures will include tariffs on Canadian oil imports, because many …
U.S. Dependence on Canada’s Oil Should Deter Trump Tariffs, Industry Says Read More »
Summary Appeals court dismisses 2021 ruling Friends of the Earth says will continue to fight polluters COP29 take place in Baku to seek progress on curbing emissions (Reuters) – Oil and gas major Shell (SHEL.L) on Tuesday won an appeal against a landmark ruling that required it to accelerate carbon reduction efforts, dealing a blow to campaigners …
Shell Wins Appeal Against Landmark Dutch Climate Ruling Read More »
Nearly 200 nations meeting at an annual United Nations summit this week must now consider how to avoid catastrophic climate change without help from the world’s biggest economy. This year’s United Nations’ climate talks were never going to be easy. The world is in the midst of two major wars in Ukraine and the Middle East. COP29, as the summit …
Trump Win Upends the Fight for Climate Cash at COP29 Read More »
Fossil-fuel executives backed the Republican’s campaign but don’t necessarily share his views on production growth. Pumpjacks operate on oil wells in the Permian Basin, Texas. Bloomberg Days before being elected the 47th US president, Donald Trump made a bold promise that he’d slash energy prices by 50%. “I’ll get those guys drilling,” he told supporters …
Trump’s Plan to Unleash Oil Will Hit a Cash Problem Read More »
By Reuters (Reuters) – More than a quarter of U.S. Gulf of Mexico oil and 16% of natural gas output remained offline in the aftermath of storm Rafael, the U.S. offshore energy regulator reported on Sunday. There were 482,790 barrels of oil and 310 million cubic feet of natural gas production shut-in on Sunday, offshore regulator …
More Than a Quarter of U.S. Gulf of Mexico Oil, 16% of Natural Gas Offline Read More »
Summary Brent, WTI falls over 1% on China, US dollar strength China’s latest stimulus package fell short of expectations US storm Rafael subsides Nov 11 (Reuters) – Oil prices fell on Monday, after China’s stimulus plan disappointed investors seeking fuel demand growth in the world’s No. 2 oil consumer and as the U.S. dollar edged …
Oil Falls as China Stimulus Fails to Boost Sentiment, US Dollar Strength Read More »
(Reuters) – Over 23% of crude oil production and 10% of natural gas output in the U.S. Gulf of Mexico was shut in response to Hurricane Rafael, the U.S. Bureau of Safety and Environmental Enforcement said on Friday. Energy producers had shut in 408,830 barrels per day of oil production and nearly 201 million cubic …
Over 23% of Crude Oil Production Shut in US Gulf of Mexico Due to Hurricane Rafael Read More »
(Reuters) – The Biden administration said on Friday it has bought its last batch of oil for the Strategic Petroleum Reserve after selling a record amount from the facility in 2022 to counter fuel prices that had risen after Russia’s invasion of Ukraine. The Department of Energy said it had bought 2.4 million barrels of …
Biden Administration Buys Last Oil for Emergency Reserve as Fund Taps Out Read More »
By Erwin Seba Gasoline stocks at two-year low have refiners increasing runs CVR, Valero increase fourth quarter utilization rates HOUSTON, Nov 8 (Reuters) – U.S. oil refiners this quarter expect to run their plants at above 90% of their crude processing capacity on low inventories and improving demand for gasoline and diesel, executives and industry …
US Refiners Hold Output at High Levels as Fuel Inventories Sag Read More »
