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U.S. Oil and Gas Must Cut Methane 80% to Meet Industry Targets, New Data Shows

Conventional Energy, Energy Topics & Technology, Latest, Methane, Natural Gas, Oil, US News / By

To meet their 2030 climate goals, fossil fuel producers need to curtail methane releases in key regions. One of the most comprehensive aerial surveys of methane gushing from US oil and gas facilities shows operators must slash emissions by roughly 80% or more to meet major industry targets. The nonprofit Environmental Defense Fund conducted about …

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Commodity Flows at Risk Should Trump Spark Tit-For-Tat Trade War

Conventional Energy, Latest, LNG, Oil, US News / By

(Reuters) – Much of the debate surrounding the implications of a possible second U.S. presidential term for Republican Donald Trump has focused on what may happen to the U.S. and global economies. Trump’s plan to impose tariffs of 10% on virtually all imports into the United States, and as much as 50% on those from top trading …

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Power Sector Drives Growth in US Natural Gas Demand

Conventional Energy, Energy Commentary, Energy Topics & Technology, Latest, Natural Gas, US News / By

By Gavin Maguire LITTLETON, Colorado, July 30 (Reuters) – The power sector is the only major consumer of natural gas that has shown consistent demand growth in recent years, and has become the driving force behind natural gas demand in the United States as consumption from other sectors declines. Natural gas use by power generators …

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US Power Producers Binge on Ultra-Cheap Gas

Conventional Energy, Electricity Grid, Energy Topics & Technology, Latest, Natural Gas, US News / By

By John Kemp LONDON, July 30 (Reuters) – U.S. electricity generators consumed a record amount of gas in the first four months of the year as prices slumped to the lowest level in real terms for more than half a century. Ultra-low prices encouraged more power production from some of the least-efficient single-cycle gas and …

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US Natgas Prices Jump 4% on Forecast for Record Heat

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By Scott Disavino July 30 (Reuters) – U.S. natural gas futures jumped about 4% to a one-week high on Tuesday on forecasts for record-breaking heat later this week that could boost the amount of gas power generators burn to an all-time high. That price increase came despite a bearish rise in output and forecasts for …

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US Oil and Gas Mergers Continue at Furious Pace in Q2, Says Enverus

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

By Gary Mcwilliams Big dollar deals like Conoco-Marathon Oil driving activity Average price paid per undeveloped property up 68% this year Exxon’s deal for Pioneer kicked off latest wave of mergers HOUSTON, July 30 (Reuters) – U.S. oil and gas patch deals continued to run hot in the second quarter, topping $30 billion with big …

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COMMENTARY: Oil Bulls Retreat as Inventories Stay Plentiful

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

By John Kemp (Reuters) – Portfolio investors have soured on the outlook for petroleum prices as an anticipated large depletion of inventories during the third quarter has failed to materialise. Hedge funds and other money managers sold the equivalent of 103 million barrels in the six major futures and options contracts over the seven days ending …

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CenterPoint Energy Sees up to $1.3 Bln in Restoration Costs After Hurricane Beryl

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

(Reuters) – Electric and gas utility CenterPoint Energy (CNP.N) said on Tuesday it expects total costs to restore facilities damaged by Hurricane Beryl to be in the range of $1.2 billion to $1.3 billion. Earlier this month, Hurricane Beryl made landfall near the coastal town of Matagorda, Texas, causing significant damage to CenterPoint electric subsidiary’s delivery system. Nearly …

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Oil Steadies Near Lowest Since Early June as China Concerns Weigh

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Summary China’s leaders vow to boost policy support for economy US crude, fuel stockpiles expected lower in latest report OPEC+ panel meets on Thursday, no policy tweaks expected (Reuters) – Oil steadied on Tuesday near its lowest levels since early June as worries about demand in China were balanced by a government pledge of policy …

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