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(Reuters) – Chevron is positioned to increase its free cash flow by $6 billion to $8 billion by next year, and reduce expenses by “a couple billion dollars,” said Chevron CEO Michael Wirth on Wednesday. The No. 2 U.S. oil producer expects results to benefit from the start of new or expanded oil production projects …
Chevron Targets $6-8 bln in Free Cash Flow Growth Next Year, CEO Says Read More »
(Reuters) – The U.S. Interior Department said on Wednesday that a congressionally mandated oil and gas drilling lease auction in Alaska’s Arctic National Wildlife Refuge received no bids from energy companies. Outgoing President Joe Biden’s administration billed the outcome as proof the 19 million-acre refuge, home to species including polar bears and Porcupine caribou, should …
Alaska Wildlife Refuge Drilling Auction Yields No Bids, US Says Read More »
(Reuters) – U.S. crude stocks fell while gasoline and distillate inventories rose last week, the Energy Information Administration (EIA) said on Wednesday. Crude inventories fell by 959,000 barrels to 414.6 million barrels in the week ended Jan. 3, the EIA said, compared with analysts’ expectations in a Reuters poll for a 184,000-barrel draw. Crude stocks …
US Crude Stocks Fall, Fuel Inventories Rise, EIA Says Read More »
(Reuters) – U.S. natural gas futures climbed about 4% on Wednesday on forecasts for more heating demand this week than previously expected and a continued decline in output from freezing wells, while extreme cold in the Northeast boosted spot gas prices to their highest since January 2024. Those price increases came ahead of a federal …
US Natgas Prices Climb 4% on Rising Demand Ahead of Storage Report Read More »
(Reuters) – European wind power stocks fell on Wednesday after U.S. President-elect Donald Trump said he would try to ensure that “no windmills” are built on his watch, criticising the sector less than two weeks before he is due to take office. Trump’s latest swipe against the industry raises concerns about how the U.S. wind …
European Wind Stocks take Beating After Trump Calls Turbines ‘Garbage’ Read More »
Developers of new generation capacity in the US face soaring costs and long wait times for turbines. One of the biggest energy stories of last year was the challenge of powering the artificial intelligence boom. Tech companies are putting serious money behind renewables and nuclear on the assumption electricity consumption will soar. But in the immediate future, natural gas is …
By Chen Aizhu, Siyi Liu and Trixie Sher Li Yap Ships cannot dock, unload or receive shipping services Ban on ports including Qingdao, Rizhao and Yantai May slow imports, push up costs for refiners, traders say SINGAPORE/BEIJING, Jan 7 (Reuters) – Shandong Port Group has banned U.S.-sanctioned tankers from calling into its ports in the …
U.S. natural gas futures fell about 4% on Tuesday on forecasts for less heating demand this week than previously expected and lower output reductions from freezing wells so far this winter than in past years. Energy analysts, however, said spot prices have already soared to their highest levels since last January and noted that futures …
U.S. Natural Gas Prices Fall 4% on Forecasts for Less Heating Demand this Week Read More »
Middle East oil exports to Europe fell 22% in 2024, Kpler data shows US boosts global oil trade share to 9.5% with shale production New refineries and pipelines alter global oil trade dynamics (Reuters) – The volume of global crude exports in 2024 declined 2%, the first fall since the COVID-19 pandemic, shipping data showed, …
Global Crude Exports Dip as Trade Routes Re-Shuffle Again Read More »
Summary • Gas appliances linked to health issues, climate change • Republican states counter local gas restrictions with laws (Reuters) – President-Elect Donald Trump is weighing an executive order that seeks to protect gas-powered appliances including stoves and heaters from federal and local regulators who want to phase them out of homes and businesses, two …
Trump Weighing Executive Order Protecting Gas Stoves Read More »
