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U.S. coal traders have exported the highest volume of thermal coal in six years over the first eleven months of 2024, and look set to ship out even greater volumes in 2025 once President-elect Donald Trump takes office. U.S. exports of coal used in power generation hit 32.6 million short tons from January through November, …
Hefty US Thermal Coal Exports Look Set to Keep Climbing in 2025: Maguire Read More »
Summary Sees overhang of up to 1.4 million bpd in 2025 Sees higher 2025 demand growth on China stimulus Trims 2024 oil demand growth forecast by 80,000 bpd (Reuters) – The world oil market will be comfortably supplied in 2025, the International Energy Agency (IEA) said on Thursday, even after producer group OPEC+ extended oil supply …
IEA Expects Comfortably Supplied Oil Market in 2025 Despite Demand Hike Read More »
Summary Lobbyist for Exxon investigated for role in hacking operation targeting environmentalists Green groups urge scrutiny of any potential Exxon ties to spying Exxon says: ‘If there was any hacking involved, we condemn it’ WASHINGTON, Dec 12 – Two Democratic senators and a host of environmental groups have called for investigations and accountability following a …
US Senators, Green Groups Call for Accountability Over Hacking of Exxon Critics Read More »
Summary IEA raises oil demand growth forecast for 2025 EU sanctions target ‘shadow fleet’ carrying Russian oil US gasoline, distillate stocks up more than expected last week (Reuters) – Oil prices were little changed on Thursday as a forecast for ample supply in the oil market offset optimism stemming from rising expectations of a U.S. …
Oil Little Changed as IEA Surplus Forecast Offsets Rate Cut Optimism Read More »
(Reuters) – U.S. crude inventories fell for the third time in a row, while fuel stockpiles rose in the week ending December 6, the Energy Information Administration (EIA) said on Wednesday, as refinery activity remained seasonally strong. Crude inventories fell by 1.4 million barrels to 422 million barrels, the EIA said, compared with analysts’ expectations …
US Crude Stocks Fall, Fuel Inventories Rise on Robust Refining, EIA Says Read More »
U.S. oil major Chevron Corp is considering ways to supply lower carbon power for data center operators, Jeff Gustavson, president of Chevron New Energies said in an interview at the Reuters NEXT conference in New York. Gustavson’s comments follow a similar announcement by Exxon Mobil on Wednesday, which said it is working to help advance …
Chevron Working on Supply of Power to Data Centers, Executive Says Read More »
U.S. natural gas futures climbed about 4% to a one-week high on Wednesday on forecasts for colder weather and higher heating demand than previously expected and an increase in the amount of gas flowing to liquefied natural gas (LNG) export plants. Front-month gas futures for January delivery on the New York Mercantile Exchange rose 11.9 …
US Natgas Prices Climb 4% to One-Week High on Colder Forecasts, Rising LNG Feedgas Read More »
Global demand to exceed output by 100,000 barrels a day IEA last month forecast 1 million barrel-a-day surplus The US reversed its forecast for a crude glut next year and is now calling for a small oil-market deficit. Global oil consumption should exceed output by 100,000 barrels a day in 2025, according to a monthly report from …
U.S. Sees Small Global Oil Deficit in 2025 in Outlook Reversal Read More »
Summary Acadia Infrastructure Capital launches new coalition Microsoft helps back first green energy project Looks to tap more companies; bolster local communities (Reuters) – U.S. investor Acadia Infrastructure Capital and companies including Microsoft are looking to help develop a $9 billion pipeline of renewable energy projects across the country, the project lead told Reuters. Launching the …
Acadia, Companies Eye $9 Billion U.S. Renewables Roll-Out Read More »
(Reuters) – Oil prices climbed 1% on Wednesday as market participants anticipated a rise in demand from top importer China following Beijing’s latest plans to boost economic growth. Brent crude futures gained 75 cents, or 1.04%%, to $72.94 a barrel by 1011 GMT, while U.S. West Texas Intermediate crude futures rose 75 cents, or 1.09%, …
Oil Prices Rise as China’s Policy Easing Fuels Demand Hopes Read More »
