US News

Auto Added by WPeMatico

Commentary: U.S. Oil Futures Primed for Another Squeeze on Cushing: Kemp

U.S. crude oil inventories have begun to deplete, especially around the NYMEX futures delivery point at Cushing in Oklahoma and across the Midwest, creating conditions for a squeeze on nearby futures prices. Front-month futures prices and calendar spreads have already risen consistently since the middle of December as traders react to signs the market is …

Commentary: U.S. Oil Futures Primed for Another Squeeze on Cushing: Kemp Read More »

Impact of U.S. Pause on New LNG Project Approval Could Take Years to Manifest – TD Cowen

U.S. President Joe Biden paused pending approvals of exports from new liquefied natural gas projects, a move cheered by climate activists that could delay decisions on new plants until after the Nov. 5 election. TD Cowen says it sees the timing as “suspicious” and don’t expect finalized policy reform before election. “We believe the global …

Impact of U.S. Pause on New LNG Project Approval Could Take Years to Manifest – TD Cowen Read More »

Companies Most Affected by U.S. Pause on LNG Export Permits

U.S. President Joe Biden’s administration on Friday announced a pause on pending and future permits to export liquefied natural gas (LNG) to non-Free Trade Agreement countries until the Department of Energy finishes a new review of climate impacts. Many companies have been waiting for the U.S. to green light licenses to export LNG to their …

Companies Most Affected by U.S. Pause on LNG Export Permits Read More »

U.S. Natgas Prices Jump 6% Ahead of Contract Expiry, Slow Output Return

U.S. natural gas futures jumped about 6% to a one-week high in volatile trade on Friday ahead of contract expiration on forecasts for higher demand in two weeks when the weather turns slightly cooler and with the slow return of output from last week’s Arctic freeze. Traders noted prices fell by over 5% earlier in …

U.S. Natgas Prices Jump 6% Ahead of Contract Expiry, Slow Output Return Read More »

INFOGRAPHIC: Views on Energy Sources by Party – ENERGYminute

By Aaron Foyer The topic of energy in the United States is a complex one, with varying viewpoints across the political spectrum. Republican Views Fossil fuels: Generally support the continued use of fossil fuels like oil, natural gas, and coal. They argue that these resources are crucial for economic growth, energy independence, and job creation. Regulatory …

INFOGRAPHIC: Views on Energy Sources by Party – ENERGYminute Read More »

U.S. Natgas Prices Steady After Paring Gains on Expected Massive Storage Draw

U.S. natural gas futures were little changed after giving up earlier gains of over 5% on Thursday following a federal report showing last week’s storage withdrawal was massive but in line with analysts estimates. Earlier in the session, prices were up on forecasts for cooler weather and higher heating demand next week than previously expected …

U.S. Natgas Prices Steady After Paring Gains on Expected Massive Storage Draw Read More »

NextEra Posts Fourth-Quarter Profit Beat Helped by Lower Gas Prices

(Reuters) – NextEra Energy, the largest generator of renewable energy in the United States, reported fourth-quarter profit that beat Wall Street estimates on Thursday, on strength in its regulated utilities business. The power company, which makes most of its electricity from natural gas, benefited from lower natural-gas prices , which fell about 14% in the …

NextEra Posts Fourth-Quarter Profit Beat Helped by Lower Gas Prices Read More »