Auto Added by WPeMatico
July 25 (Reuters) – Goldman Sachs said on Thursday that whoever wins the U.S. presidential election in November will have limited tools to significantly boost domestic oil supply next year. Strategic petroleum reserve stocks are low and regulatory easing may only significantly boost U.S. long-run supply, the bank said in a client note. Oil prices rose …
A Donald Trump presidency could be net bearish for oil prices due to a combination of factors including tariffs and oil-friendly policies, and pushing the Organization of the Petroleum Exporting Countries and allies (OPEC+) to release more oil into the market, Citi said in a research note on Thursday. “Trump could roll back environmental policies, …
A Trump Presidency to Pose Mostly Bearish Risks for Oil, Citi Says Read More »
(Reuters) U.S. liquefied natural gas (LNG) company Freeport LNG’s export plant in Texas was on track to return to service on Thursday after shutting on Wednesday, according to data from financial firm LSEG and a company filing with Texas environmental regulators. Freeport is one of the most-watched U.S. LNG export plants in the world because …
Freeport LNG in Texas Seen Back on Thursday After Shutting on Wednesday Read More »
Meme-stock investors lose millions on energy company takeover Tellurian is a cautionary tale for amateur traders hoping to outsmart Wall Street Bloomberg News For Bjorn Bos and other retail investors who piled into energy company Tellurian Inc. in the past few years, it wasn’t meant to end this way. Several meme stocks, including GameStop and …
Meme-Stock Investors Lose Millions on Energy Company Takeover Read More »
(Reuters) – California and Texas are the two largest producers of electricity from renewable power, and dominate most discussions about renewable energy generation in the United States. But several other states have developed far larger shares of renewable capacity within their utility-scale generation systems, and so draw a greater proportion of clean power in state …
The Top U.S. States for Renewable Power Generation Capacity Read More »
Tesla stages US$386-billion comeback as Musk focuses on AI The chief executive managed to get investors to pay more mind to the automaker’s AI potential than its sluggish sales Bloomberg News This year has been a testament to Elon Musk’s ability to lead Tesla Inc.’s shares into and out of trouble. It’s been a volatile time even …
Tesla Stages US$386-Billion Comeback as Musk Focuses on AI Read More »
(Reuters) – Oil prices fell on Thursday on mixed demand signals a day after large draws on U.S. inventories while consumption in China, the world’s largest crude importer, remains lacklustre. Brent crude futures for September fell 74 cents, or 0.9%, to $80.97 a barrel by 0855 GMT. U.S. West Texas Intermediate crude for September slid …
(Reuters) Democratic U.S. lawmakers on Wednesday introduced a bill to hold energy companies accountable if they are found by federal regulators to have colluded with the Organization of the Petroleum Exporting Countries to raise oil prices. The bill, introduced by Senator Edward Markey and Representative Nanette Barragan, says that if any energy company is found by …
U.S. Democrats Launch Bill Holding Oil Firms Accountable for Any Work with OPEC Read More »
(Reuters) U.S. gasoline demand rose to 9.46 million barrels per day (bpd) last week, the most for this time of the year since 2021’s record high of over 10 million bpd, data from the U.S. Energy Information Administration (EIA) showed on Wednesday. Product supplied of gasoline, EIA’s measure of demand, rose by 673,000 bpd in …
US Gasoline Demand Rose Last Week to Highest Seasonal Level Since 2021 – EIA Read More »
(Reuters) Cenovus Energy’s 160,000-bpd refinery in Toledo, Ohio took two units offline earlier this week, industry sources said. Cenovus did not immediately respond to a request for comment. Reporting by Nicole Jao
