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U.S. natural gas futures soared about 10% to a five-week high on Monday on a drop in daily output over the past few days and forecast for much cooler weather and more heating demand over the next two weeks than previously expected. That heating demand should cause utilities to start pulling gas out of storage …
US Natgas Prices Soar 10% to 5-Week High on Output Drop, Jump in Demand Read More »
Commission president spoke to Trump about energy, other topics US is already top source of LNG for the European Union European Commission President Ursula von der Leyen has an idea for reducing the bloc’s consumption of Russian liquefied natural gas: import more from America. That’s among the subjects she mentioned during a recent phone call with US …
EU’s Von der Leyen Suggests US LNG Could Replace Russian Supply Read More »
Nearly 200 nations meeting at an annual United Nations summit this week must now consider how to avoid catastrophic climate change without help from the world’s biggest economy. This year’s United Nations’ climate talks were never going to be easy. The world is in the midst of two major wars in Ukraine and the Middle East. COP29, as the summit …
Trump Win Upends the Fight for Climate Cash at COP29 Read More »
Fossil-fuel executives backed the Republican’s campaign but don’t necessarily share his views on production growth. Pumpjacks operate on oil wells in the Permian Basin, Texas. Bloomberg Days before being elected the 47th US president, Donald Trump made a bold promise that he’d slash energy prices by 50%. “I’ll get those guys drilling,” he told supporters …
Trump’s Plan to Unleash Oil Will Hit a Cash Problem Read More »
By Reuters (Reuters) – More than a quarter of U.S. Gulf of Mexico oil and 16% of natural gas output remained offline in the aftermath of storm Rafael, the U.S. offshore energy regulator reported on Sunday. There were 482,790 barrels of oil and 310 million cubic feet of natural gas production shut-in on Sunday, offshore regulator …
More Than a Quarter of U.S. Gulf of Mexico Oil, 16% of Natural Gas Offline Read More »
(Reuters) – President-elect Donald Trump is considering North Dakota Governor Doug Burgum to be his new “energy tsar”, the Financial Times reported on Friday. Burgum is Trump’s preferred candidate for the role, the newspaper reported citing people familiar with the discussions, adding that former energy secretary Dan Brouillette is also a contender. The new energy …
Trump Considering Doug Burgum as New ‘Energy Czar’ to Slash Regulations, FT Reports Read More »
Summary Brent, WTI falls over 1% on China, US dollar strength China’s latest stimulus package fell short of expectations US storm Rafael subsides Nov 11 (Reuters) – Oil prices fell on Monday, after China’s stimulus plan disappointed investors seeking fuel demand growth in the world’s No. 2 oil consumer and as the U.S. dollar edged …
Oil Falls as China Stimulus Fails to Boost Sentiment, US Dollar Strength Read More »
(Reuters) – Over 23% of crude oil production and 10% of natural gas output in the U.S. Gulf of Mexico was shut in response to Hurricane Rafael, the U.S. Bureau of Safety and Environmental Enforcement said on Friday. Energy producers had shut in 408,830 barrels per day of oil production and nearly 201 million cubic …
Over 23% of Crude Oil Production Shut in US Gulf of Mexico Due to Hurricane Rafael Read More »
(Reuters) – President-elect Donald Trump is considering North Dakota Governor Doug Burgum to be his new “energy tsar”, the Financial Times reported on Friday. Burgum is Trump’s preferred candidate for the role, the newspaper reported citing people familiar with the discussions, adding that former energy secretary Dan Brouillette is also a contender. The new energy …
Trump Considering Doug Burgum as New ‘Energy Tsar’ to Slash Regulations, FT Reports Read More »
(Reuters) – EOG Resources said on Friday its debt levels in the near term would put the oil and gas producer in a position to allocate more than 100% of free-cash-flow for shareholder returns. Shares of the company rose 4.8% to $132.54 in afternoon trade. The company said it would raise its debt balance to …
