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U.S. natural gas futures dropped about 4% on Monday because the country has ample amounts of gas in storage and the coldest weather expected over the next week will likely hit over the long U.S. Martin Luther King holiday weekend when many businesses and government offices are shut. Analysts said there was currently about 12.2% …
U.S. Natgas Prices Drop 4% With Oil Futures, Ample Inventories Read More »
The U.S. Supreme Court on Monday declined to hear a bid by major fossil fuel companies and an industry trade group to move a lawsuit filed by Minnesota accusing them of worsening climate change out of state court and into federal court, the energy industry’s favored venue. Exxon Mobil Corp, Koch Industries and the American …
By Geoffrey Cann Every year at this time I put forth my outlook for the coming year, with a focus on the digital trends that I believe will have the greatest impact on the fortunes of the industry. These are not so much as predictions, as they are speculations on the trends that I see marching along, and how …
My Digital Oil and Gas Outlook for 2024 – Geoffrey Cann Read More »
(Reuters Breakingviews) – Wael Sawan is sitting on the sidelines. The chief executive of $214 billion European oil major Shell has watched Exxon Mobil and Chevron undertake chunky deals in the Permian, one of the world’s most profitable and fast-growing oilfields. In 2024 he could let his U.S. rivals get bigger, or he could amp up his pivot away from renewable energy and …
COMMENTARY: Shell Will be Tempted to Join U.S. M&A Party Read More »
Reuters) – South Korea’s Qcells on Monday said it will supply Microsoft (MSFT.O) with 12 gigawatts of American-made solar panels through 2032 in what the companies called one of the largest ever deals of its kind. The agreement locks in substantial and stable demand for panels Qcells will make at its new $2.5 billion Georgia factory. For Microsoft, …
Microsoft, Qcells Strike Massive Supply Deal for US-Made Solar Panels Read More »
Summary Saudi Aramco cuts price for key crude grade to Asia OPEC output rises by 70,000 bpd in Dec -Reuters survey Force majeure declared at Libyan oilfield LONDON, Jan 8 (Reuters) – Oil prices fell by more than 2% on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in OPEC …
Oil Slides as Saudi Price Cuts Counter Middle East Worries Read More »
Governments have established an elaborate network of restrictions around clean technology, while fossil fuels remain largely exempt. By David Fickling David Fickling is a Bloomberg Opinion columnist covering energy and commodities. Previously, he worked for Bloomberg News, the Wall Street Journal and the Financial Times. After the most sustained bout of inflation in a generation, you’d think …
Tax Officials Are Making Your Energy More Costly Read More »
Survey finds closely held group planning less than 5% increase Explorers say they need crude to be above $70 to make a profit By David Wethe – Bloomberg Most of shale’s private explorers in the Permian are planning modest growth this year as one of the main engines of US oil expansion downshifts amid volatile commodity …
Permian’s Private Shale Explorers Expect Modest Growth Read More »
Summary U.S. Secretary of State Blinken visits Middle East U.S. employment data shows increased hiring and wages Rig count declines for third time in four weeks Maersk diverts vessels from Red Sea for foreseeable future (Reuters) – Oil prices settled higher on Friday as U.S. Secretary of State Antony Blinken began a week-long sweep through …
Oil Prices Settle Higher on Middle East Tensions Read More »
The Department of Energy’s loan office on Friday conditionally approved a $189 million loan to support the build-out of a methane monitoring network in key oil-producing basins that would provide real-time data for tens of thousands of oil and gas sites, which it estimates could prevent the equivalent of at least 6 millions tons of …
U.S. Approves $189 Million Loan for Real-Time Methane Monitoring Read More »
