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Reuters – Oil prices were on track to end 2024 with a second consecutive year of losses, although they rose on the day on Tuesday after data showed China’s manufacturing activity expanded in December. Brent crude futures rose by 54 cents, or 0.73%, to $74.53 a barrel as of 1107 GMT. U.S. West Texas Intermediate …
Oil Set for Annual Loss Although Buoyed on the Day by China Data Read More »
The Biden administration on Monday took steps to protect the Ruby Mountains in northeast Nevada from oil, gas and geothermal development for 20 years. The Interior Department said it had approved an application by the U.S. Forest Service to withdraw 264,442 acres of federal lands in the Ruby Mountains from mineral and geothermal leasing. The …
US Agency Takes Steps to Protect Nevada Mountains from Energy Development Read More »
US natural gas futures soared as the weather outlook for January shifted colder, raising demand prospects for the fuel used in heating and power generation. Gas for February delivery rose as much as 20% in New York. That’s the most since the contract started trading 2012. Most-active futures climbed to the highest level in almost a year. …
U.S. Natural Gas Futures Surge 20% on Colder Outlook for January Read More »
The Biden administration made energy and climate a centerpiece of its administration, most notably through the Inflation Reduction Act. At the same time, we’ve seen a boom in US oil and gas production the last four years, alongside the novel use of the Strategic Petroleum Reserve as a price and supply stabilization tool. Meanwhile, investments …
U.S. Energy Secretary Granholm on the Political Durability of Biden’s Energy Transition Read More »
HOUSTON–(BUSINESS WIRE)–Cheniere Energy, Inc. (“Cheniere” or the “Company”) (NYSE: LNG) today announced that liquefied natural gas (“LNG”) was produced for the first time from the first train (“Train 1”) of the Company’s Corpus Christi Stage 3 Liquefaction Project (“CCL Stage 3”). The commissioning process continues, and Cheniere expects substantial completion of Train 1 to be …
Cheniere Achieves First LNG at the Corpus Christi Stage 3 Project Read More »
(Reuters) – Oil prices edged up on Monday in thin holiday trade at the end of the year, as traders awaited more Chinese and U.S. economic data later this week to assess growth in the world’s two largest oil consumers. Brent crude futures rose 20 cents to $74.37 a barrel by 1208 GMT. The more …
by Maureen McCall It’s generally accepted that the launch of Artificial Intelligence (AI) occurred at Dartmouth College in a 1956 AI workshop that brought together leading thinkers in computer science, and information theory to map out future paths for investigation. Workshop participants John McCarthy, Marvin Minsky, Nathaniel Rochester and Claude E. Shannon coined …
U.S. energy firms this week operated the same number of oil and natural gas rigs for third week in a row, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, was unchanged at 589 in the week to Dec. …
U.S. Drillers Keep oil and Natgas Rigs Unchanged for Third Week – Baker Hughes Read More »
Summary • US crude oil stocks fell 4.2 million barrels last week, EIA says • Analysts polled by Reuters expected 1.9 million-barrel draw • Stimulus measures lift optimism over Chinese economy • Rising Russia-Ukraine tensions raise fears of supply shocks in 2025(Reuters) – Oil prices settled more than 1% higher on Friday and recorded a …
Oil Settles Up Over 1% on Large Draw From US Crude Stocks Read More »
(Reuters) – U.S.-based utility Duke Energy (DUK.N) said on Friday it had filed a plan with the Florida Public Service Commission (FPSC) to recover about $1.1 billion in direct costs associated with the company’s emergency activation and response to hurricanes Debby, Helene and Milton. Severe storms this year forced major U.S. utilities to shut down …
Duke Energy Files to Recover $1.1 Bln in Hurricane Costs Read More »
