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(Reuters) – The U.S. has bought 6 million barrels of oil for the Strategic Petroleum Reserve for delivery through May 2025, the Department of Energy said on Monday. The purchases are part of an effort to replenish stockpiles after President Joe Biden ordered the largest ever sale from the reserve in 2022 of 180 million …
US Buys 6 Million Barrels of Oil for Strategic Petroleum Reserve Read More »
(Reuters) – Hedge funds sold U.S. energy company stocks at the fastest pace in five years and the sector was the most sold on Goldman Sachs’ prime brokerage trading desk last week, the bank said in a note sent to clients on Friday and seen by Reuters on Monday. A short bet profits as asset …
Hedge Funds Short Energy Stocks at Fastest Pace in 5 Years, says Goldman Sachs Read More »
Only 3% of crude oil and 1% of natural gas production in the Gulf of Mexico remained shut down in the aftermath of Hurricane Helene, the U.S. Bureau of Safety and Environmental Enforcement (BSEE) said on Sunday. Currently, energy producers are left with 59,000 barrels per day of oil production and nearly 17 million cubic …
Oil Production in U.S. Gulf of Mexico Recovers Post Hurricane Helene Read More »
Similar measures aimed at using labels to inform consumers about the air pollution emissions associated with gas stoves have failed in Illinois and New York. California Gov. Gavin Newsom on Friday vetoed a bill that would have required gas stoves sold in the state to come with warning labels about their air pollution emissions and …
California Governor Rejects Health Warnings on Gas Stoves Read More »
(Reuters) – U.S. trade officials this week may impose new tariffs on solar panels from four Southeast Asian nations that American manufacturers have complained employ unfair subsidies that make U.S. products uncompetitive. The announcement, due on Tuesday, is the first of two preliminary decisions the Commerce Department will make this year in a trade case brought …
U.S. To Unveil First of Two Decisions on More Solar Tariffs Read More »
(Reuters) – The U.S. on Monday said it closed a $1.52 billion loan to resurrect Holtec’s Palisades nuclear plant in Michigan, and a senior Biden administration official said it could take two years to reopen the plant, which is longer than the company predicted. President Joe Biden’s administration has called for a tripling of U.S. …
U.S. Closes $1.52 Billion Loan to Resurrect Michigan Nuclear Plant Read More »
(Reuters) – The three largest U.S. energy exploration companies paid more than $42 billion to foreign governments last year, about eight times more than what they paid in the United States, according to regulatory filings. The disclosures from Exxon Mobil, Chevron Corp, and ConocoPhillips were required this year for the first time ever under a new …
Big U.S. Oil Companies Reveal Massive Payments to Foreign Governments Read More »
Summary Investment firm tops rival offers by CVR Energy, Gold Reserve Bid combining cash, credit is subject to court case resolutions Elliott’s interest in Citgo follows good results from stakes in Marathon Petroleum, Phillips 66 HOUSTON, Sept 27 (Reuters) – An affiliate of Elliott Investment Management on Friday was named the presumptive winner in a …
Elliott Affiliate Wins Citgo Share Auction with $7 Billion Conditional Offer Read More »
(Reuters) – The Biden administration on Friday canceled a planned auction of offshore wind development rights off the coast of Oregon after the state’s governor said she did not support the sale. The announcement was a setback to U.S. President Joe Biden’s vision to deploy turbines along every U.S. coastline as part of his efforts to fight …
US Shelves Oregon Offshore Wind Auction After Protest From Governor Read More »
Summary Oil settles higher but falls on the week Investors weigh OPEC+ decision to ramp up production China’s central bank lowers interest rates Gulf of Mexico operations resume after Hurricane Helene HOUSTON, Sept 27 (Reuters) – Oil prices settled higher on Friday but fell on the week as investors weighed expectations for higher global supply …
Oil Settles Higher But Falls on the Week on Firmer Supply Outlook Read More »
