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Oil Prices Settle up 1% (6% for the Week) at 2-Week High as Ukraine War Intensifies

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

Summary Russia will keep testing hypersonic missile in combat US imposes new sanctions on Moscow China crude oil imports set to rebound in November Nov 22 (Reuters) – Oil prices climbed about 1% on Friday, settling at a two-week high, as the intensifying war in Ukraine this week boosted the market’s geopolitical risk premium. Brent …

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US Energy Infra Firms Set for Record Gains as AI Power Demand Soars

Conventional Energy, Latest, US News / By

(Reuters) – U.S. energy infrastructure providers are on pace to post their best year in many, as investors hedge against volatility in the commodity markets and wager on long-term demand fueled by the rise of power-guzzling technologies such as generative AI. The Alerian Midstream Energy Index, which tracks major North American pipeline and storage companies, …

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ConocoPhillips Completes Acquisition of Marathon Oil Corporation

Energy Topics & Technology, Latest, Mergers and Acquisitions, US News / By

HOUSTON–(BUSINESS WIRE)–ConocoPhillips (NYSE: COP) today announced that it has completed its acquisition of Marathon Oil Corporation (NYSE: MRO). “This acquisition of Marathon Oil is a perfect fit for ConocoPhillips, adding to our deep, durable and diverse portfolio while meeting our strict financial framework,” said Ryan Lance, chairman and chief executive officer. “Marathon Oil adds high-quality, low cost of …

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J.P. Morgan Sees Brent Oil Price Averaging $73 a Barrel in 2025

Conventional Energy, Energy Topics & Technology, Forecasts, Latest, Oil, US News / By

(Reuters) – J.P. Morgan sees the price of Brent oil averaging $73 per barrel (/bbl) in 2025 and expects it to close the year firmly below $70/bbl, with U.S. West Texas Intermediate at $64/bbl, the bank said in a note on Friday. “Our view on 2025 has remained largely unchanged over the past year: we …

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US Utilities Boosting Capex Plans to Meet Demand From Power-Guzzling Sectors

Electricity Grid, Energy Topics & Technology, Latest, US News / By

(Reuters) – Major U.S. utilities are expected to spend heavily on upgrading their electric lines and grids over the next five years to cater to power-hungry sectors, although experts worry that their plans to raise rates sharply to offset higher costs may face regulatory hurdles. In the past few weeks, about nine utilities had raised …

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Goldman Sachs Expects Oil Prices to Average Around $80/bbl in 2024

Conventional Energy, Energy Topics & Technology, Forecasts, Latest, Oil, US News / By

(Reuters) – Goldman Sachs expects Brent prices to average around $80 per barrel this year, despite a 2024 deficit and geopolitical uncertainty, citing an anticipated 0.4 mb/d surplus next year, the bank said in a note on Thursday. “Our base case is that Brent stays in a $70-85 range, with high spare capacity limiting price …

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Bitcoin is at the Doorstep of $100,000 as Post-Election Rally Rolls On

Energy Topics & Technology, Finance, Latest, US News / By

NEW YORK (AP) — Bitcoin topped $98,000 for the first time Thursday, extending a streak of almost daily all-time highs since the U.S. presidential election. The cryptocurrency has rocketed more than 40% in just two weeks. Now, bitcoin is at the doorstep of $100,000 and investors do not appear to be phased by gravity or …

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COMMENTARY: Gauging The likely Trump Effect on U.S. Energy & Power Sectors

Conventional Energy, Energy Commentary, Energy Topics & Technology, Latest, LNG, Natural Gas, Oil, US News / By

By Gavin Maguire (Reuters) – President-elect Donald Trump’s support for the fossil fuel sector and climate scepticism have sparked dismay throughout the global climate tracking community, and fears that his policies may reverse global energy transition momentum. His campaign speeches included pledges to boost domestic oil and natural gas output and to remove mandates on electric …

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Trump Energy Pick Wrote ESG Report Hailing Oil, Gas, Downplaying Climate Worry

Conventional Energy, Latest, LNG, Natural Gas, Oil, US News / By

Summary Wright says fossil fuel extraction can end poverty Trump’s DOE pick seen pursuing ‘energy dominance’ agenda Wright does not view carbon emissions as pollution (Reuters) – President-elect Donald Trump’s pick to lead the energy department believes fossil fuels are the key to ending world poverty which, he says, is a greater problem than climate …

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Tesla Slow to Make its Superchargers More Widely Accessible

Electric Vehicles, Energy Topics & Technology, Latest, US News / By

Bloomberg News Bloomberg NewsTesla Inc. promised to drop the wall on its so-called charging “walled garden” two years ago, making its Superchargers accessible to all EVs. In turn, virtually every brand in the auto industry pledged to put Tesla ports in its electric vehicles.Those commitments, once fulfilled, will make Tesla the standard for automobile plugs in America, particularly …

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