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Bloomberg News After spiraling downward for months, futures have steadied on weaker production prospects. After spiraling downward for months, the US natural gas market has finally found a floor. Prices for the fuel had their biggest single-day gain in more than 18 months Wednesday after one of the largest domestic producers, Chesapeake Energy Corp., said it was slashing its …
Natural Gas Prices Finally Find a Floor in the U.S. Read More »
(Reuters) – Oil prices were down on Friday and on track to end a two-week winning streak after the U.S. central bank indicated interest rate cuts could be delayed by at least two more months. Brent crude futures were down 94 cents, or 1.1%, at $83.73 a barrel at 1015 GMT on Friday, while U.S. …
Oil Set to End Two Week Winning Streak After Fed Says in No Rush to Cut U.S. Rates Read More »
Led by growing demand in China and the need for energy security, LNG is playing an increasingly important role in global gas supply By Deborah Jaremko A worker at Shell’s Hazira LNG import terminal, about 250 kilometers from Mumbai, India. Photo courtesy Shell Global energy giant Shell has released its latest outlook for world liquefied natural …
Nine Major Insights From Shell’s Latest Global LNG Outlook Read More »
Government should remove all preferences for EVs and allow them to compete and grow on a free market. By Alex Epstein Government should remove all preferences for electric vehicles and allow them to compete and grow on a free market. This will enable EVs to reach their full potential to provide affordable, no-tailpipe-emissions transport without …
COMMENTARY: The Case for EV Freedom – Alex Epstein Read More »
Oilfield service companies and drillers have put the brakes on hiring and further job cuts could loom as natural gas producers respond to sliding prices by slashing spending on new wells to reduce excess production. Already some 4,680 oilfield jobs have been lost since December, according to data from trade group Energy Workforce & Technology …
U.S. Oilfield Job Losses Could Swell as Natural Gas Prices Plunge Read More »
U.S. natural gas futures fell more than 3% on Thursday as investors awaited a weekly storage report and booked profits following a rally in the previous session spurred by Chesapeake Energy’s decision to cut its planned output for 2024. Front-month gas futures fell 5.4 cents, or 3.1% at $1.719 per million British thermal units at …
U.S. Natgas Rally Cools as Investors Await Storage Report Read More »
Efforts to fight global warming are stronger now than the first time the former president attacked them, but he could still do significant damage from the White House. A second Donald Trump presidency would be a nightmare for Earth’s climate (among other things). But in the same way your immune system builds up defenses after …
Opinion: Trump’s Plans for a Second Term Could Be Disastrous for Climate Change Read More »
(Reuters) – Three of Venture Global LNG’s major customers have asked U.S. energy regulators to address the LNG developer’s request for a one-year permit extension to complete a Louisiana export facility, signaling their intention to voice concerns. The LNG developer last week asked for a one-year extension to complete its Calcasieu Pass gas-export plant, or …
Venture Global LNG Customers Challenge Permit Extension Request Read More »
Reuters (Reuters) – U.S. liquefied natural gas (LNG) company Cheniere Energy posted a 38.5% fall in its full-year LNG revenue on Thursday, hurt by a fall in natgas prices. Average U.S. natural gas prices fell nearly 40% in 2023, dragged by record production, ample inventories in storage and relatively mild weather conditions, pressuring prices for LNG …
Cheniere Energy’s Annual LNG Revenue Falls on Lower Natgas Prices Read More »
(Reuters) – Oil prices rose for a second day on Thursday, buoyed by a softer dollar and another attack on shipping near Yemen. Brent crude futures rose 35 cents, or 0.4%, to $83.38 a barrel at 1036 GMT. U.S. West Texas Intermediate crude futures climbed 37 cents, or 0.5%, to $78.28 a barrel. The dollar …
