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U.S. Court Overturns FERC’s Authorization for NextDecade’s Rio Grande Project

Conventional Energy, Latest, LNG, Tri-Pinned, US News / By

A U.S. court has overturned the Federal Energy Regulatory Commission’s (FERC) authorization for NextDecade’s Rio Grande LNG project for not issuing a supplemental environmental impact statement, the company said on Tuesday. The facility has been in development for several years, suffering repeated delays, and phase 1 is now expected to reach completion by early 2029 …

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Oil Prices Steady, Supported by Middle East Supply Fears

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Summary Fear of wider Middle East conflict spurs buying US passes message to Iran not to escalate Financial markets recover after strong US services sector data (Reuters) – Oil prices pared gains in volatile trade on Tuesday as fears of an escalation in the Middle East conflict and a drop in production at Libya’s largest Sharara …

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Oil Prices Drop as U.S. Recession Fears Spark Broader Selloff

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

Summary Demand concerns rise after weak US payrolls report Risk of wider Middle East conflict limits oil’s decline London, Aug 5 (Reuters) – Oil futures extended losses in a volatile session on Monday as fears of a recession in top oil consumer the United States offset supply worries stemming from mounting tensions in the Middle …

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Quantum Capital to Buy Cogentrix for $3 Bln in Bets on Rising U.S. Power Demand

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By Reuters   Private equity firm Quantum Capital Group will buy U.S. independent power producer Cogentrix Energy for about $3 billion from funds managed by the Carlyle Group, the companies said on Monday. Utilities are attracting increased investor interest as technological innovations, including artificial intelligence and data centers, bolster power demand. In May, investment firms …

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Hawaiian Electric Agrees to Pay About Half of $4 Billion Maui Wildfire Settlement

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(Reuters) – Hawaiian’s largest utility said on Friday it had agreed to pay roughly half of a more than $4 billion legal settlement that will compensate victims of last year’s deadly Maui wildfires. Blazes tore through Maui on Aug. 8 2023, killing over 100 people, destroying the historic coastal town of Lahaina and causing damage …

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Oil Prices Set for Fourth Weekly Fall on Demand Concerns

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(Reuters) – Oil prices held steady on Friday but remained on course for a fourth successive weekly decline as signs of weak growth in global fuel demand outweighed fears of supply disruption in the Middle East. Brent crude futures were up 18 cents, or 0.2%, at $79.70 a barrel by 1040 GMT. U.S. West Texas …

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Oil Prices Rise on Risk of Broader Middle East Conflict

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(Reuters) – Oil prices extended gains on Thursday after the killing of a Hamas leader in Iran raised the threat of a wider Middle East conflict and concern over its impact on oil. Global benchmark Brent crude futures rose 71 cents, or 0.9%, to $81.55 a barrel by 1124 GMT. U.S. West Texas Intermediate crude …

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COMMENTARY: Oil Bulls Retreat as Inventories Stay Plentiful

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By John Kemp (Reuters) – Portfolio investors have soured on the outlook for petroleum prices as an anticipated large depletion of inventories during the third quarter has failed to materialise. Hedge funds and other money managers sold the equivalent of 103 million barrels in the six major futures and options contracts over the seven days ending …

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Oil Steadies Near Lowest Since Early June as China Concerns Weigh

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Summary China’s leaders vow to boost policy support for economy US crude, fuel stockpiles expected lower in latest report OPEC+ panel meets on Thursday, no policy tweaks expected (Reuters) – Oil steadied on Tuesday near its lowest levels since early June as worries about demand in China were balanced by a government pledge of policy …

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Oil Prices Rise on Fears of Wider Middle East Conflict After Rocket Strike in Golan Heights

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(Reuters) – Oil prices rose on Monday, paring last week’s loss, on fears of a widening conflict in the Middle East following a rocket strike in the Israeli-occupied Golan Heights, which Israel and the United States blamed on Lebanese armed group Hezbollah. Brent crude futures gained 20 cents, or 0.3%, to $81.33 a barrel at 0010 …

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