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By Reuters Schumer urges FTC to hit the brakes on $53 billion Chevron-Hess merger By Reuters May 12 (Reuters) – U.S> Senate Majority Leader Chuck Schumer on Sunday urged the Federal Trade Commission to “pump the breaks” on Chevron Corp’s proposed $53 billion acquisition of Hess Corp. “The FTC should side with consumers and pump the breaks …
Schumer Urges FTC to Hit the Brakes on $53 billion Chevron-Hess Merger Read More »
(Reuters) – Oil prices extended declines on Monday amid signs of weak fuel demand and as comments from U.S. Federal Reserve officials dampened hopes of interest rate cuts, which could slow growth and crimp energy use in the world’s biggest economy. Brent crude futures slid 7 cents, or 0.1%, to $82.72 a barrel by 0624 …
Oil Slips on Signs of Weak Fuel Demand, Strong Dollar Read More »
Summary Fed’s Logan says policy may not be tight enough Dollar rises after consumer sentiment data, yen weaker Speculators cut U.S. crude oil net longs, CFTC says US drillers cut oil rig count to lowest since Nov – Baker Hughes NEW YORK, May 10 (Reuters) – Oil prices fell by nearly $1 a barrel on …
Oil Falls on Prospect of Higher-For-Longer U.S. Rates, Stronger Dollar Read More »
LONDON, May 10 (Reuters) – Global benchmark Brent hovered above $84 a barrel on Friday after data this week signalled growing demand in the U.S. and China, the world’s two largest crude users, while festering conflict in the Middle East added support. Brent futures were up 50 cents to $84.38 a barrel at 1130 GMT. …
Oil Benchmark Brent Above $84 on Perky Demand Signals, MidEast Conflict Read More »
The Panama Canal is in talks with U.S. liquefied natural gas (LNG) producers on how to meet increased demand for crossings as water levels recover after a prolonged drought, the canal’s administrator Ricaurte Vasquez told Reuters in an interview. The canal is typically used by U.S. Gulf Coast exporters to send LNG cargoes to Asia …
Panama Canal in Talks with U.S. LNG Producers to Increase Transit Read More »
Summary U.S. crude stockpiles fall, products post surprise build, EIA says China April oil imports rise 5.45% from a year ago (Reuters) – Oil prices rose on Thursday as falling U.S. crude inventories amid rising refinery intake and a rise in Chinese imports last month supported higher demand expectations for the world’s two largest crude …
Oil Rises on U.S. Crude Storage Draw, China Imports Up Read More »
U.S. gas inventories are near record highs for this time of year after exceptionally mild temperatures linked to the El Nino weather phenomenon slashed gas and electricity consumption for heating during the winter of 2023/24. But ultra-low prices are maximising gas combustion by power generators and forcing producers to cut back drilling, which should ensure …
U.S. Gas Surplus will be Eliminated Before End of Winter 2024/25: John Kemp Read More »
A drop in crude oil prices has put the U.S. back in the market for replenishing the Strategic Petroleum Reserve after selling off a record amount of crude from the stockpile in 2022. A little more than a month ago the Department of Energy canceled the purchase of about 3 million barrels of oil for …
Lower Oil Puts U.S. in Market to Buy for Strategic Petroleum Reserve, For Now Read More »
U.S. natural gas production will decline in 2024 while demand will rise to a record high, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday. EIA projected dry gas production will ease from a record 103.79 billion cubic feet per day (bcfd) in 2023 to 102.99 bcfd in …
U.S. Natgas Output to Decline in 2024, While Demand Rises to Record High, EIA Says Read More »
U.S. natural gas futures gained about 3% to a 14-week high on Monday on forecasts for higher demand over the next two weeks than previously expected as feedgas to liquefied natural gas (LNG) export plants increased with the return of Freeport LNG in Texas. Prices were also supported by an ongoing decline in output. Front-month …
US Natgas Prices up 3% to 14-Week High on Rising Demand for LNG Feedgas Read More »
