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(Reuters) – OPEC+ is wary of a renewed rise in U.S. oil output when Donald Trump returns to the White House, delegates from the group said, because more U.S. oil would further erode OPEC+ market share and hamper the producer group’s efforts to support prices. OPEC+ pumps about half of the world’s oil and earlier …
OPEC+ Wary of Renewed U.S. Oil Output Rise Under Trump Read More »
Trump followed a similar path during his first term in office with day-one directives meant to advance construction of oil pipelines and aid in deregulation Bloomberg News Donald Trump telegraphed similar ambitions on the campaign trail, vowing to “unleash domestic energy production like never before”. Photo by Alex Brandon/AP Photo files United States president-elect Donald Trump is poised …
Trump is Ready ‘Within Seconds’ to Issue Orders to Spur on Drilling Read More »
(Reuters) – The administration of U.S. President Joe Biden released a long-awaited study on the economic and environmental impacts of liquefied natural gas exports on Tuesday, saying the results underscored the need for a cautious approach to new permits. Biden in January had paused the Department of Energy’s approvals of U.S. LNG exports to big …
Biden Administration Releases LNG Export Study, Urging Caution on New Permits Read More »
(Reuters) – About half of the United States is at increased risk of power supply shortfalls in the next decade that could lead to outages and electricity conservation measures, the North American Electric Reliability Corporation said on Tuesday. As U.S. power consumption rises from AI data centers and the electrification of buildings and transportation, efforts …
Half US at High Risk of Power Shortfall in Next Decade, Regulator Says Read More »
A highly anticipated study of liquefied natural gas exports by the Biden administration is expected to stop short of saying the approval of more shipments isn’t in the public interest, according to people familiar with the matter. The study, under way since January, is set to be released as soon as Tuesday, according to the people, …
Biden’s LNG Study to Stop Short of Halting New Exports Read More »
(Reuters) – President Joe Biden’s administration will release as soon as Tuesday a study on exports of liquefied natural gas that is expected to stop short of saying the trade is not in the public interest, two industry sources with knowledge of the issue said. Biden in January paused the Department of Energy’s approvals of …
US Study Likely to Stop Short of Saying LNG Exports Not in Public Interest, Sources Say Read More »
(Reuters) – The United States hit North Korea and Russia on Monday with new sanctions that the Treasury Department said targeted Pyongyang’s financial activities and military support to Moscow. The sanctions, which list North Korean banks, generals and other officials as well as Russian oil shipping companies, are the latest U.S. measure aimed at disrupting …
US Hits North Korea and Russia With New Sanctions, Treasury Says Read More »
Dec 16 (Reuters) – Phillips 66 said on Monday it would sell its 25% stake in the Gulf Coast Express pipeline in Texas to an affiliate of ArcLight Capital Partners for $865 million, setting the U.S. refiner on course to exceed its asset sale target. Despite a fall in refining profits, Phillips 66 has opted to …
Phillips 66 to Sell stake in Texas Pipeline for $865 Mln Read More »
By Reuters Dec 15 (Reuters) – Teamsters members working at Marathon Petroleum’s Detroit refinery have voted to ratify a seven-year collective bargaining agreement, the company and the union said on Sunday, three months after workers walked off the job. “The process to safely welcome our employees back to the refinery is already in progress,” the Findlay, Ohio-based …
Marathon, Teamsters Reach Pay Deal at Detroit Refinery Read More »
EDMONTON — Calgary-based pipeline giant Enbridge says it has cleaned up about 60 per cent of a nearly 265,000-litre oil spill in Wisconsin that was discovered last month. Enbridge says the spill was discovered by an employee conducting a visual inspection of its Line 6 at the Enbridge Cambridge Station, west of Milwaukee, on Nov. …
Enbridge Reports 265,000-Litre Oil Spill in Wisconsin Read More »
