Oil

Auto Added by WPeMatico

Biden Election Energy Politics: Biden Plans Sweeping Effort to Block Arctic Oil Drilling

Conventional Energy, Latest, Oil, Pinned Primary, US News / By

Half of National Petroleum Reserve-Alaska could be off-limits Companies say plan would violate leases, kill investment The US set aside 23 million acres of Alaska’s North Slope to serve as an emergency oil supply a century ago. Now, President Joe Biden is moving to block oil and gas development across roughly half of it. The initiative, set …

Biden Election Energy Politics: Biden Plans Sweeping Effort to Block Arctic Oil Drilling Read More »

Energy Politics: Biden Plans Sweeping Effort to Block Arctic Oil Drilling

Conventional Energy, Latest, Oil, US News / By

Half of National Petroleum Reserve-Alaska could be off-limits Companies say plan would violate leases, kill investment The US set aside 23 million acres of Alaska’s North Slope to serve as an emergency oil supply a century ago. Now, President Joe Biden is moving to block oil and gas development across roughly half of it. The initiative, set …

Energy Politics: Biden Plans Sweeping Effort to Block Arctic Oil Drilling Read More »

UAE’s ADNOC Recently Eyed BP as Takeover Target

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

The United Arab Emirates’ state-owned oil company recently considered buying Britain’s BP but the deliberations did not progress beyond preliminary discussions, people familiar with the matter told Reuters. Abu Dhabi National Oil Company (ADNOC) ultimately decided BP would not be the right fit for its strategy, three people said. Political considerations also weighed on the …

UAE’s ADNOC Recently Eyed BP as Takeover Target Read More »

OPEC Sees Robust Summer Oil Demand, Economic Upside Potential

Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC / By

(Reuters) – OPEC on Thursday predicted robust fuel use in the summer months and stuck to its forecast for relatively strong growth in global oil demand in 2024, while saying there was a chance the world economy could do better than expected this year. The Organization of the Petroleum Exporting Countries, in a monthly report, …

OPEC Sees Robust Summer Oil Demand, Economic Upside Potential Read More »

Biden Administration Says Enbridge Pipeline Shutdown Order Should be Reconsidered

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

The Biden administration has urged a U.S. appeals court to tell a lower court to rethink its order that would require Canadian operator Enbridge to drain portions of an oil pipeline that runs through Native American tribal land in Wisconsin, according to a court filing made public on Wednesday. In an amicus, or friend-of-court, brief dated April …

Biden Administration Says Enbridge Pipeline Shutdown Order Should be Reconsidered Read More »

U.S. Imports of Mexican Crude Oil Fall to Lowest on Record, EIA Says

Conventional Energy, Latest, Oil, US News / By

U.S. weekly imports of Mexican crude oil fell to the lowest on record in the early April, as Mexico’s state energy company Pemex cut exports to supply more oil to its domestic refineries. The imports dropped to 209,000 barrels per day (bpd) in the week ended April 5, data from the U.S. Energy Information Administration …

U.S. Imports of Mexican Crude Oil Fall to Lowest on Record, EIA Says Read More »

Biden Administration Says Enbridge Pipeline Shutdown Order Should be Reconsidered

Conventional Energy, Energy Topics & Technology, Latest, Oil, Pipelines / By

The Biden administration has urged a U.S. appeals court to tell a lower court to rethink its order that would require Canadian operator Enbridge to drain portions of an oil pipeline that runs through Native American tribal land in Wisconsin, according to a court filing made public on Wednesday. In an amicus, or friend-of-court, brief dated April …

Biden Administration Says Enbridge Pipeline Shutdown Order Should be Reconsidered Read More »

U.S. Crude Stocks, Gasoline and Distillate Inventories Rise – EIA

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

U.S. crude, gasoline and distillate inventories rose in the week ending April 5, the Energy Information Administration said on Wednesday. Crude inventories rose by 5.8 million barrels to 457.3 million barrels in the week ended April 5, the EIA said, compared with analysts’ expectations in a Reuters poll for a 2.4 million-barrel rise. Crude stocks …

U.S. Crude Stocks, Gasoline and Distillate Inventories Rise – EIA Read More »

Jamie Dimon Calls Biden’s Push to Stop Oil and Gas Projects “Wrong” and ‘Enormously Naïve’

Conventional Energy, Latest, LNG, Oil, US News / By

Criticizes White House freeze on LNG approvals in annual letter to shareholders Bloomberg News Jamie Dimon said U.S. delays of liquefied natural gas projects were done for political reasons to pacify those who believe oil and gas projects should simply be stopped — a position he calls “wrong” and “enormously naïve.” The head of JPMorgan …

Jamie Dimon Calls Biden’s Push to Stop Oil and Gas Projects “Wrong” and ‘Enormously Naïve’ Read More »

Oil Rises as Middle East Worries Offset U.S. Crude Stock Build

Conventional Energy, Latest, Oil, US News / By

(Reuters) – Oil prices rose on Wednesday after two days of losses as a deadlock in Gaza ceasefire talks renewed uncertainty about the security of supply from the Middle East and offset a bigger-than-expected build in U.S. crude inventories. Brent crude futures were up 30 cents, or 0.3%, at $89.72 per barrel at 1010 GMT, …

Oil Rises as Middle East Worries Offset U.S. Crude Stock Build Read More »

Subscribe
Subscribe