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Funds Wait on U.S. Energy Regulator to Answer a $26 Trillion Question

Electricity Grid, Energy Topics & Technology, Latest, US News, Utilities / By

(Reuters) U.S. energy regulators have another window of opportunity to clarify the role that giant fund firms should play in corporate ownership. It’s a good chance to resolve a nagging question for investors and stock issuers alike. In October BlackRock  asked the U.S. Federal Energy Regulatory Commission to extend for another three years its permission …

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Oil Gives Back Some Gains After Source Says OPEC+ to Delay Output Hike

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

(Reuters) – Oil prices pared some gains on Thursday after a source told Reuters OPEC+ has agreed to delay a planned oil output hike until April 2025. Brent crude was up 24 cents, or 0.3%, to $72.55 a barrel at 1237 GMT. It had been at $72.84 before Reuters reported the delay. U.S. West Texas …

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Bank Sold Over $270 million of US Oil Futures Ahead of OPEC+ Meet, Source Says

Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC, US News / By

(Reuters) – A single bank sold a large volume of U.S. oil futures contracts in early afternoon trading on Wednesday, a person with direct knowledge of the matter said, pushing prices down more than 1% within minutes and causing traders to scramble to decipher the reason. The sale, just hours ahead of an OPEC+ virtual …

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US Crude Oil Output Hit Record Last Week, EIA Data Shows

Conventional Energy, Latest, Oil, US News / By

(Reuters) – U.S. crude oil production rose by 20,000 barrels per day (bpd) to a record 13.513 million barrels per day in the week ended Nov 29, data from the U.S. Energy Information Administration (EIA) showed on Wednesday. The previous weekly record for U.S. oil output was 13.50 million bpd, hit most recently in the …

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US Crude Stocks Fall, Fuel Inventories Rise, EIA Data Shows

Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, Oil, US News / By

(Reuters) – U.S. crude stocks fell while gasoline and distillate inventories rose last week, the Energy Information Administration (EIA) said on Wednesday. Crude inventories fell by 5.1 million barrels to 423.4 million barrels in the week ended Nov. 29, the EIA said, compared with analysts’ expectations in a Reuters poll for a 671,000-barrel draw. Crude …

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Biden Unveils $600 Million in New Financing for African Railway to Boost Critical Minerals Infrastructure

Conventional Energy, Energy Topics & Technology, Latest, Minerals, US News / By

Lobito railway will transport critical minerals to Atlantic Effort by US to counter Chinese dominance of mining in Africa President Joe Biden meets Lobito Atlantic Railway workers at the Port in Lobito, on Dec. 4.Photographer: Andrew Caballero-Reynolds/AFP/Getty Images President Joe Biden is rounding off his trip to Angola by announcing $600 million in new financing for a …

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Oil Prices Steady Ahead of Imminent OPEC+ Decision; Geopolitical Turmoil in Focus

Conventional Energy, Latest, Oil, Pinned Primary, US News / By

Summary OPEC+ to discuss oil policy on Dec. 5 US oil and fuel stockpiles rose last week Israel warns of renewed war in Lebanon South Korea president faces impeachment after martial law debacle Dec 4 (Reuters) – Oil prices were little changed on Wednesday, with traders expecting OPEC+ to announce an extension to supply cuts …

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PROFILE: Outspoken and Energy Realist CEO is Now Trump’s Oil Evangelist

Conventional Energy, Latest, LNG, Natural Gas, Nuclear, Oil, Tri-Pinned, US News / By

Chris Wright has championed fossil fuels as a moral good and characterized climate change as modest   Standing shoulder to shoulder with his employees, Chris Wright, chief executive officer of oilfield services company Liberty Energy Inc., held up his glass in a toast. “To your health and the longer lives and healthier lives of billions of people …

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Rising LNG Terminal Costs to Make New US Projects Less Competitive, Says Analyst

Conventional Energy, Latest, LNG, US News / By

By Curtis Williams HOUSTON, Dec 3 (Reuters) – Rising costs of building and equipping new U.S. liquefied natural gas plants will reduce the competitiveness of U.S. gas exports, LNG analysts at Poten & Partners predicted on Tuesday. U.S projects have faced rising construction costs, with Venture Global’s Plaquemines export plant under construction in Louisiana over …

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Crescent Energy to Buy Ridgemar Energy’s Eagle Ford Basin Assets for $905 mln

Energy Topics & Technology, Latest, Mergers and Acquisitions, US News / By

Dec 3 (Reuters) – Crescent Energy (CRGY.N) said on Tuesday it would acquire Carnelian Energy Capital-backed Ridgemar Energy’s assets in the Eagle Ford basin in Texas for a cash-and-stock deal of $905 million. The deal, which is expected to close in the first quarter of 2025, also includes an additional payment of $170 million by …

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