Auto Added by WPeMatico
By Scott Disavino NEW YORK, July 15 (Reuters) – Oil prices eased on Monday as worries about demand in top importer China offset supportive U.S. economic news, OPEC+ supply restraint and ongoing Middle East tensions. Brent futures fell 18 cents, or 0.2%, to settle at $84.85 a barrel, while U.S. West Texas Intermediate (WTI) crude …
U.S. natural gas futures fell about 4% to a nine-week low on Monday on forecasts for less hot weather and lower demand over the next two weeks than previously expected. Traders also noted prices were depressed by rising output, the tremendous oversupply of gas still in storage and the slow return of the Freeport LNG …
U.S. Natgas Prices Fall 4% to 9-Week Low on Forecasts for Less Heat, Demand Read More »
U.S. liquefied natural gas export company Freeport LNG’s export plant in Texas was on track to pull in small amounts of natural gas on Monday after shutting on July 7 before Hurricane Beryl hit the Texas coast, according to data from financial firm LSEG. Freeport is one of the most-watched U.S. LNG export plants because …
Freeport LNG in Texas on Track to Take in Natgas Again After Hurricane Beryl Read More »
If there’s an all-hands-on-deck response at the oil major’s headquarters, that message seems to be lost in translation for concerned investors. By Javier Blas Murray Auchincloss had a clear message to his shareholders days after becoming chief executive officer of BP Plc: “I’m focused on growing the value of BP.” Nearly six months since his …
By Arathy Somasekhar (Reuters) – Nearly a million homes and businesses in Texas remained without power on Friday, five days after Hurricane Beryl made landfall with fierce winds and rain that knocked down trees and electricity infrastructure. CenterPoint Energy , the largest power provider in Texas, said about 860,000 of its customers remained affected. It has …
Nearly a Million Homes, Businesses in Texas Still Without Power After Hurricane Beryl Read More »
Summary U.S. consumer sentiment fell in July Producer price index rose 0.2% in June U.S. active oil rig count fell by one to 478 this week NEW YORK, July 12 (Reuters) – Oil futures prices settled slightly lower on Friday as investors weighed weaker U.S. consumer sentiment against mounting hopes for a Federal Reserve rate …
Oil Prices Settle Down after Data Shows Weaker U.S. Consumer Sentiment Read More »
Oil and gas activity in the U.S. Midwest and Rockies declined during the second quarter, but is expected to rebound over the next six months, the Federal Reserve Bank of Kansas City said on Friday in a quarterly energy survey. The survey covers companies drilling in Kansas, Colorado, Nebraska, Oklahoma and the northern half of …
Oil and Gas Activity in U.S. Rockies, Midwest fell in Q2, Kansas Fed Says Read More »
July 12 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for the fifth time in six weeks, energy services firm Baker Hughes (BKR.O) said in its report on Friday. The oil and gas rig count, an early indicator of future output, fell by one to 584 …
US Drillers Cut Oil and Gas Rigs for Fifth Time in Six Weeks, Baker Hughes Says Read More »
Oil trades in narrow range since 2022 on OPEC+, sanctions and demand worries (Reuters) – Brent crude oil has been trading in a tight range of $75-$90 a barrel since late 2022 as OPEC+ cuts keep a floor under prices while sizeable spare capacity, demand uncertainty and sanctions policy prevent the market breaking higher. After …
(Reuters) – Shell has replaced liquefied natural gas (LNG) volume it lost after exiting Russia in 2022 with a string of deals that underpin CEO Wael Sawan’s bet on growing demand for the fuel as he reduces the focus on renewable energy. The new projects in the United Arab Emirates and Trinidad and Tobago and the acquisition …
Shell’s Bet on Gas Boom Takes Shape with String of Deals Read More »
