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Hydraulic fracturing, or fracking, has been thrust back into the public spotlight as Vice President Kamala Harris’ change of position on it comes under scrutiny given her campaign for the White House. The groundbreaking technique for oil and gas extraction that vaulted the US to energy independence has for years been a lightning rod for controversy. …
Why Fracking Remains a Political Lightning Rod for Controversy Read More »
Stockpiles have been declining, but a flood of supply will push them back up next year. Despite oil’s recent foray below $70 a barrel, market balances aren’t currently that bad. The problem is, this is as good as things get for quite some time. In its monthly report Thursday, the International Energy Agency said stockpiles contracted in …
COMMENTARY: Oil Market Balances Only Get Worse From Here Read More »
Asian nation dominated conversations at APPEC event this week Slowing economy, energy transition erode post-Covid recovery For the first time in two decades, China no longer looks like the engine driving global crude demand, which is uncharted waters for many of the traders and executives that gathered for the APPEC oil conference in Singapore this …
Oil Traders Confront a New World Without China Bull Factor Read More »
The candidate touts the benefits of energy independence even as she pledges to continue Biden’s decarbonization push. Kamala Harris has a claim to serving in one of the greatest presidential administrations for the US fossil fuel industry in history. Domestic oil and gas output, refining margins and company profits have all hit record highs during her …
U.S. Oil Boom Turns Kamala Harris Into an Unlikely Fracking Supporter…But For How Long? Read More »
(Reuters) – Investors scrambled to shift their positioning on Wednesday following a closely-watched debate between Republican Donald Trump and Democratic Vice President Kamala Harris, as betting markets swung in Harris’ favor after the event. Shares of Trump Media & Technology Group, the company that owns Truth Social, fell 13% on Wednesday afternoon, while other so-called Trump …
Trump Trades Roiled After Fiery Debate as Investors Weigh Chance of Harris Success Read More »
Summary US avg. gasoline price set to dip to $2.99/gal by late Oct. Lower fuel prices could help Democrats in election Pump prices down sharply in competitive ‘swing states’ Wild Card: Hurricane Francine churns through oil patch (Reuters) – U.S. motorists should see gasoline prices fall below $3 a gallon for the first time in …
U.S. Gasoline Prices Set to Fall Under $3/gallon as Election Nears Read More »
Summary Hurricane Francine makes landfall in Louisiana Nearly 39% of Gulf of Mexico oil production offline IEA’s 2024 oil demand growth forecast cut by 7.2% EIA data shows U.S. oil stockpiles rose last week Sept 12 (Reuters) – Oil prices rose almost 2% on Thursday, extending a rebound spurred by concern over Hurricane Francine’s impact …
Oil Prices Jump Nearly 2% on Fears Over Hurricane Impact on U.S. Output Read More »
About 39% of crude production and 49% of natural gas output in the U.S. Gulf of Mexico were shut on Wednesday as hurricane Francine barreled towards the Louisiana coast, the U.S. Bureau of Safety and Environmental Enforcement said. Francine was moving northeast on Wednesday with maximum sustained winds of 90 miles per hour (150 kph), …
Nearly Half of Gas Output at U.S. Gulf of Mexico Shut Due to Francine Read More »
Adjusted for inflation, oil is now at levels seen two decades ago Bloomberg News Pumpjacks are seen south of Weyburn, Sask. on Sept. 7, 2021. Photo by BRANDON HARDER/ Regina Leader-Post The world’s advanced economies might just have a new reason to hope for a firmer growth footing in the next year if some of the …
Oil’s Fall Into $60s Widens the Runway for the Global Economy to Make a Soft Landing Read More »
Crown LNG also pursuing import projects in Scotland, India To-be-disclosed location in US would directly supply importers An upstart liquefied natural gas developer that first considered constructing import terminals in Scotland and India is now turning its sights to building out export capacity from the US Gulf Coast, joining a slew of projects vying to supply the world. Norwegian …
Norwegian Developer Eyes New LNG Export Project in US Gulf Read More »
