Auto Added by WPeMatico
U.S. spot natural gas prices for the month of August fell to a 26-year low at the Henry Hub benchmark in Louisiana, according to pricing data from financial firm LSEG. Gas prices averaged $1.99 per million British thermal units (mmBtu) in August, their lowest since hitting $1.91 during the month in 1998. That compares with …
U.S. Henry Hub Natgas Prices Fell to 26-year Low in August Read More »
U.S. oilfield services firm Halliburton said on Tuesday it has incurred and is likely to continue to incur expenses related to its response to a cyber attack in August. The incident, in which an unauthorised third party accessed and removed information from Halliburton’s systems, caused disruptions and limited access to portions of its business applications, …
Halliburton Says Expenses Incurred in Response to August Cyber Attack Read More »
By Hugo Dixon (Reuters Breakingviews) – Donald Trump has called climate change a “hoax”, while Kamala Harris says it is an “existential threat”. Those who care about limiting global warming will therefore be hoping the U.S. vice president wins the race for the White House. Scrutinise Harris’ words since she became the Democratic Party’s presidential …
OPINION: Why Kamala Harris Could be Good for the Planet Read More »
Steel City visit is first joint campaign event of Harris’ bid Both campaigns amping up visits to critical battleground state Vice President Kamala Harris is looking to strengthen her standing with blue-collar workers on Labor Day with visits to two critical swing states, including a joint campaign appearance with President Joe Biden. Harris arrived on Monday in Detroit, …
Harris, Biden Teaming Up to Court Union Vote in Labor Day Blitz Read More »
Oil prices extended losses on Monday with investors weighing higher OPEC+ production from October against a sharp drop in output from Libya amid sluggish demand in China and the U.S., the world’s two biggest oil consumers. Brent crude futures fell 57 cents, or 0.7%, to $76.36 a barrel by 0108 GMT while U.S. West Texas …
Oil Extends Losses on Prospect of Higher OPEC+ Supply Read More »
By Reuters (Reuters) – Donald Trump’s presidential campaign has laid out an energy policy platform centered around maximizing U.S. fuel and power output, in part by dismantling the Biden administration’s centerpiece efforts to fight climate change. In an ironic twist, the United States has become the world’s top producer of oil and gas during Biden’s tenure, and his agencies have …
How Would Trump Seek to Dismantle Biden’s Climate Legacy? Read More »
Summary OPEC+ to proceed with planned oil output hike from October U.S. consumer spending data dampens hopes for hefty Fed rate cut Libya’s oilfield closures cause significant production losses HOUSTON, Aug 30 (Reuters) – Oil prices retreated on Friday as investors weighed expectations of a rise in OPEC+ supply starting in October, alongside dwindling hopes …
Oil Settles $1 down as Supply set to Rise, Uncertainty Around Fed Rate Cuts Read More »
Chinese state-backed oil and chemicals company Sinochem is planning to sell its 40% stake in a U.S. shale joint venture with oil major Exxon Mobil, valued upwards of $2 billion, people familiar with the matter told Reuters. Sinochem in recent weeks hired investment bankers at Barclays to advise it on the potential sale of its …
China’s Sinochem Plans to Exit U.S. Shale JV With Exxon Read More »
U.S. oil consumption slowed in June to the lowest seasonal levels since the coronavirus pandemic of 2020, data from the U.S. Energy Information Administration showed on Friday. Product supplied of crude oil and petroleum products, EIA’s proxy for demand, fell 2.7% month over month to 20.25 million barrels per day (bpd) in June. That is …
U.S. Oil Demand in June Was Lowest Seasonally Since 2020, EIA Says Read More »
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row for the first time since late June, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell …
U.S. Drillers Cut Oil and Gas Rigs for Third Week in a Row, Baker Hughes says Read More »
