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(Reuters) – U.S. energy firms this week kept the number of oil and natural gas rigs unchanged for the second 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, remained at 589 in the week …
US Drillers Keep Oil and Natgas Rigs Unchanged for Second Week – Baker Hughes Read More »
U.S. natural gas futures jumped about 5% to a 23-month high on Friday on early forecasts for much colder weather in mid-January that could freeze oil and gas wells and lift spot prices by reducing output as in past years. Also supporting prices was an increase in the amount of gas flowing to liquefied natural …
US Natgas Prices Jump 5% to 23-Month High on Cold Forecasts, Rising LNG Feedgas Read More »
(Reuters) – U.S. data center power demand could nearly triple in the next three years, and consume as much as 12% of the country’s electricity, as the industry undergoes an artificial-intelligence transformation, according to an unpublished Department of Energy-backed report seen by Reuters. The Lawrence Berkeley National Laboratory report, which is expected to be released …
US Data-Center Power Use Could Nearly Triple by 2028, DOE-Backed Report Says Read More »
(Reuters) – Alleged interference by Colombian President Gustavo Petro in majority state-owned Ecopetrol and purges of hundreds of staff to make way for pro-government replacements are fueling fears about the energy company’s future profits and contributions to the economy. The worries, according to interviews with workers, ex-employees, a former board member and analysts, come ahead …
Turmoil at Colombia’s Ecopetrol Raises Profit Fears Ahead of US Investment Decision Read More »
Oil companies see Trump as a staunch ally, but some of his proposals threaten their profits Bloomberg News Republican presidential nominee former U.S. President Donald Trump speaks at a campaign town hall at the Greater Philadelphia Expo Center & Fairgrounds, Oct. 14, 2024, in Oaks, Pa. Photo by AP Photo/Alex Brandon Oil industry heavyweights are lobbying U.S. President-elect …
U.S. Oil Sector Pushes Trump to Spare it from Tariffs, Regulation Read More »
Trump has threatened blanket tariffs of up to 25% on products from Canada and Mexico The Associated Press NEW YORK — The U.S. increasingly relies on Canadian crude oil to meet domestic demand and that relationship faces potential strain amid the threat of tariffs from U.S. President-elect Donald Trump. More than 50 per cent of crude oil imported …
Tariff threats Cast a Shadow Over U.S. Reliance on Canada for Oil Read More »
By Reuters Summary Trump has threatened to claw back unspent IRA money Electric vehicle rebates, gas emissions under fire Wind, solar may be untouched (Reuters) – President-elect Donald Trump has vowed to repeal Joe Biden’s signature climate bill called the Inflation Reduction Act, which initially aimed at some $400 billion in new spending and tax cuts …
Trump Aims at Biden’s Inflation Reduction Act: EVs, Clean Energy and Manufacturing Read More »
Summary Benchmark contracts head for weekly loss of nearly 3% Sinopec sees China’s crude imports possibly peaking in 2025 Trump wants EU to buy more US oil, gas or face tariffs LONDON, Dec 20 (Reuters) – Oil prices fell on Friday on worries about demand growth in 2025, especially in top crude importer China, putting …
Oil Falls 1% on Demand Growth Concerns, Robust Dollar Read More »
Summary Trump says EU has tremendous trade deficit with the US Europe is already buying large chunk of US oil and gas US already exporting all energy it doesn’t consume at home EU says ready to discuss trade ties, including energy Dec 20 (Reuters) – U.S. President-elect Donald Trump said on Friday that the European Union may …
Trump Wants the EU to Buy More US Oil and Gas or Face Tariffs Read More »
Project designed to transport up to 1.5 Bcf/d of natural gas benefiting Southeast U.S. markets HOUSTON–(BUSINESS WIRE)–Tennessee Gas Pipeline, L.L.C. (TGP), a subsidiary of Kinder Morgan, Inc. (NYSE: KMI), today announced its decision to proceed with its Mississippi Crossing Project (MSX Project) after securing long-term, binding transportation agreements with customers for all the capacity. “This transformative …
