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NEW YORK, Feb 7 (Reuters) – U.S. crude stocks rose as oil refiners took in less oil, following extreme cold weather that knocked out utilization last month, the Energy Information Administration said on Wednesday. Crude inventories rose by 5.5 million barrels to 427.4 million barrels in the week ended Feb. 2, the EIA said, compared …
U.S. Crude Stocks Rise as Oil Refiners Take in Less Oil – EIA Read More »
By Katrina Hamlin Table salt is pictured in this illustration following the Food and Drug Administration’s new guidelines for sodium intake in the Manhattan borough of New York City, New York, U.S., October 13, 2021. REUTERS/Carlo Allegri/Illustration HONG KONG, Feb 7 (Reuters Breakingviews) – It is a truth only recently acknowledged by Tesla (TSLA.O) CEO Elon …
COMMENTARY: A Pinch of Salt Could Unsettle Electric-Car Order Read More »
Summary Sector offered record returns of $111 bln in 2023 Yet profits dropped sharply from 2022’s peak Boards promise discipline, stability amid uncertain outlook (Reuters) – Big Oil firms are handing shareholders more money than ever and are promising more going forward in an attempt to reassure investors of their discipline and resilience in the …
Big Oil Offers Record Returns to Lure Investors back Read More »
Summary Siemens Energy, Vestas, Orsted all report results Results reflect ongoing problems in maturing wind sector Orsted cuts jobs, Vestas scraps dividend FRANKFURT/COPENHAGEN, Feb 7 (Reuters) – The world’s three biggest wind power groups on Wednesday gave a sober view of the year ahead for an industry buffeted by project delays, equipment problems and inflation. …
WIND WARNING: Wind Power Giants See Little Shelter From Sector Troubles Read More »
U.S. crude oil production will rise to 13.21 million barrels per day (bpd) in 2024 the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday, which lowered expectation for U.S. crude growth by 120,000 bpd. The EIA projected that crude production will rise by 170,000 bpd this year; down …
U.S. Crude Production to Rise to 13.21 Million Bpd in 2024 – EIA Read More »
U.S. natural gas production and demand will rise to record highs in 2024, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday. The EIA projected dry gas production will rise to 104.37 billion cubic feet per day (bcfd) in 2024 and 106.46 bcfd in 2025 from a record …
U.S. Natgas Output and Demand to Hit Record Highs in 2024 – EIA Read More »
U.S. natural gas futures slid about 3% to a nine-month low on Tuesday as output slowly rises, the amount of gas flowing to liquefied natural gas (LNG) export plants declines and on forecasts for lower demand this week than previously expected. Prices fell even though the latest forecasts called for colder weather and more heating …
U.S. Natgas Prices Slide 3% to Nine-Month Low on Rising Output, Lower Demand Read More »
Tellurian is exploring the sale of its Haynesville upstream business, the liquefied natural gas (LNG) firm said on Tuesday, as it looks to raise capital for its Driftwood LNG project. The company has been trying to develop a 27.6 million metric-tons-per-annum LNG plant, which has suffered multiple delays, in Lake Charles, Louisiana, and earlier said …
Tellurian Explores Sale of Upstream Business to Finance Driftwood LNG Read More »
By Javier Blas Big Oil has delivered a set of remarkable earnings. Without fanfare, ExxonMobil Corp., Chevron Corp. and Shell Plc all did in the fourth quarter what they’d promised: Start new oil and gas projects; cut costs; return lots of money to shareholders. It’s a model for the notoriously boom-and-bust industry. Together, the three …
Exxon, Chevron and Shell Deliver a Cash Gusher for Investors Read More »
Summary BP profit halves to $14 bln in 2023 Boosts buybacks to $1.75 billion over next 3 months Gas and LNG trading help boost Q4 profit LONDON, Feb 6 (Reuters) – BP posted forecast-beating earnings of $3 billion for the fourth quarter and boosted share repurchases as its recently appointed CEO vowed to make pragmatic …
BP Beats Forecast With $3 Billion Quarterly Profit, Boosts Buybacks Read More »
