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(Reuters) – Shell (SHEL.L) trimmed its liquefied natural gas production outlook for the fourth quarter on Wednesday and said oil and gas trading results are expected to be significantly lower than in the previous three months. In a trading update ahead of Jan. 30 full-year results, Shell also said it would take $1.5 billion to $3 …
Shell Warns of Weaker Fourth Quarter LNG, Oil Trading Read More »
U.S. oil refiner Phillips 66 said on Monday it would acquire various pipelines and distribution systems from Ares-backed EPIC NGL in an all-cash deal for $2.2 billion, as it seeks to expand its Permian presence. The U.S. shale industry has witnessed a record-breaking wave of dealmaking in the recent past, as energy companies have rushed …
Phillips 66 to Buy EPIC NGL for $2.2 Bln in Bid to Boost Permian Presence Read More »
Summary • Brent and WTI climb • China’s Shandong Port blacklists U.S.-sanctioned oil vessels, traders say • Middle East market strength provides support • Economic data undermine demand hopes Jan 7 (Reuters) – Oil prices climbed on Tuesday reversing earlier declines, as fears of tighter Russian and Iranian supply due to escalating Western sanctions lent …
Oil Prices Rise as Concerns Grow Over Supply Disruptions Read More »
Poilievre says he would ramp up LNG, electricity for US needs Trump has complained about oil-fueled trade gap with Canada Since winning the US election, Donald Trump has taunted Canadian Prime Minister Justin Trudeau by calling him governor of a 51st US state, threatened 25% tariffs, and vented that the US is getting ripped off by its northern neighbor because …
Summary • Chinese economic frailties heighten hopes of further stimulus • Federal Reserve interest rate policy also in focus • Colder weather in Europe, U.S. to boost oil demand (Reuters) – Oil prices fell slightly on Friday but remained poised for weekly gains after closing at their highest in more than two months in the …
Oil Set for Weekly Gains as Market Eyes Chinese Policy Support Read More »
Summary • Weaker than expected Chinese data raises hopes of further stimulus • Volumes remain thin on first trading day of the year • Investors await US manufacturing data and oil inventories (Reuters) – Oil prices rose on Thursday as investors returned for the first trading day of the new year with an optimistic eye …
Oil Prices Rise on China Optimism as Investors Return After Holiday Read More »
Reuters – Oil prices were on track to end 2024 with a second consecutive year of losses, although they rose on the day on Tuesday after data showed China’s manufacturing activity expanded in December. Brent crude futures rose by 54 cents, or 0.73%, to $74.53 a barrel as of 1107 GMT. U.S. West Texas Intermediate …
Oil Set for Annual Loss Although Buoyed on the Day by China Data Read More »
by Maureen McCall It’s generally accepted that the launch of Artificial Intelligence (AI) occurred at Dartmouth College in a 1956 AI workshop that brought together leading thinkers in computer science, and information theory to map out future paths for investigation. Workshop participants John McCarthy, Marvin Minsky, Nathaniel Rochester and Claude E. Shannon coined …
U.S. energy firms this week operated the same number of oil and natural gas rigs for third week in a row, 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, was unchanged at 589 in the week to Dec. …
U.S. Drillers Keep oil and Natgas Rigs Unchanged for Third Week – Baker Hughes Read More »
(Reuters) – New York state will fine fossil fuel companies a total of $75 billion over the next 25 years to pay for damage caused to the climate under a bill Governor Kathy Hochul signed into law on Thursday. The law is intended to shift some of the recovery and adaptation costs of climate change …
New York to Fine Fossil Fuel Companies $75 Billion Under New Climate Law Read More »
