US News

Auto Added by WPeMatico

COMMENTARY: Why Government Should Leave Oil and Gas Mergers Alone – Alex Epstein

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

O&G mergers are good for America because they increase domestic production, which makes oil cheaper and increases our national security. Government should get out of the way immediately. By Alex Epstein Myth: Oil and gas mergers are bad for America because they make oil more expensive. Truth: Oil and gas mergers are good for America …

COMMENTARY: Why Government Should Leave Oil and Gas Mergers Alone – Alex Epstein Read More »

U.S. Buys 3 Million Barrels of Oil for Strategic Petroleum Reserve

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

The U.S. is buying another 3 million barrels of oil for the country’s Strategic Petroleum Reserve, the Department of Energy said on Monday, as it slowly replenishes the stockpile after the largest sale ever in 2022. The oil, which is for delivery to the SPR in November, is being purchased at an average price of …

U.S. Buys 3 Million Barrels of Oil for Strategic Petroleum Reserve Read More »

U.S. Henry Hub Natgas Prices Fall to Four-Year Low in May

Conventional Energy, Latest, Natural Gas, US News / By

U.S. spot natural gas prices at the Henry Hub benchmark in Louisiana fell to a four-year low in May, according to data from financial firm LSEG. Gas prices averaged $2.12 per million British thermal units (mmBtu) in May, their lowest since falling to a 25-year low of $1.75 during the month in 2020. That compares …

U.S. Henry Hub Natgas Prices Fall to Four-Year Low in May Read More »

U.S. LNG Exports Rise in May as Freeport LNG Returns to Production

Conventional Energy, Latest, LNG, Press Releases, US News / By

U.S. exports of liquefied natural gas (LNG) rebounded in May as Freeport LNG, the country’s second-largest exporter of the superchilled gas, returned to full production and as more supplies flowed to Asia, preliminary data from LSEG showed. The U.S. is the world’s largest exporter of LNG and a key supplier to Europe since Russia’s invasion …

U.S. LNG Exports Rise in May as Freeport LNG Returns to Production Read More »

Enbridge Completes Acquisition of Questar Gas Company

Latest, Press Releases, US News / By

CALGARY, AB, June 3, 2024 /CNW/ – Enbridge Inc. (TSX: ENB) (NYSE: ENB) (“Enbridge” or the “Company”) announced today the closing of its acquisition of the Questar Gas Company (“Questar Gas”) and its related Wexpro companies (“Wexpro” and collectively with Questar Gas, “Questar”) from Dominion Energy, Inc. (“Dominion”). The Questar Gas utility will be doing business in Utah as Enbridge Gas …

Enbridge Completes Acquisition of Questar Gas Company Read More »

Goldman Sachs Says OPEC+ Meet is Bearish

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

Goldman Sachs said it viewed the OPEC+ meeting as bearish despite the output cuts extension, and expected downside risks to the $75-$90 Brent price range as some countries had already signaled the gradual phaseout of extra voluntary cuts. The Organization of the Petroleum Exporting Countries and its allies including Russia, agreed a complex deal on …

Goldman Sachs Says OPEC+ Meet is Bearish Read More »

Tokyo Gas Seeks More U.S. Natural Gas Assets, President Says

Conventional Energy, Latest, Natural Gas, US News / By

Japan’s top city gas supplier Tokyo Gas is looking to add more U.S. natural gas assets, its president said on Monday, as it aims to expand its gas-related businesses in North America after its recent acquisition of a U.S. shale gas producer. The Japanese company paid $2.7 billion to acquire Texas-based natural gas producer Rockcliff …

Tokyo Gas Seeks More U.S. Natural Gas Assets, President Says Read More »

OPEC+ Bets the Robust Crude Oil Demand Forecast is Right

Conventional Energy, Latest, Oil, US News / By

(Reuters) – The OPEC+ decision to extend crude oil production cuts is an acknowledgment that demand growth is still uncertain, but also that the group remains hopeful its bullish scenario is correct. The Organization of the Petroleum Exporting Countries (OPEC) and its allies including Russia, agreed at a meeting on Sunday to extend the total of 5.86 …

OPEC+ Bets the Robust Crude Oil Demand Forecast is Right Read More »

Oil Settles Down Ahead of OPEC+ Meeting, Posts Weekly Loss

Conventional Energy, Latest, Oil, US News / By

Summary EIA: U.S. crude output in March at highest level in 2024 U.S. inflation tracks sideways in April OPEC+ eyes deal to extend production cuts, sources say (Reuters) – Oil prices fell on Friday and posted a weekly loss as investors awaited an OPEC+ meeting on Sunday that will determine the fate of the producer …

Oil Settles Down Ahead of OPEC+ Meeting, Posts Weekly Loss Read More »

Weak U.S. Gasoline Demand Compounds Pressure on Oil Ahead of OPEC+ Meet

Energy Topics & Technology, Gasoline, Latest, US News / By

(Reuters) – The U.S. gasoline market is flashing signs of weakness at the start of summer driving season, a time it generally picks up strongly, and analysts say this clouds the picture for oil demand ahead of the OPEC+ group policy meeting that kicks off this weekend. U.S. gasoline demand fell about 2% week-over-week to 9.15 million barrels a …

Weak U.S. Gasoline Demand Compounds Pressure on Oil Ahead of OPEC+ Meet Read More »

Subscribe
Subscribe