Auto Added by WPeMatico
(Reuters) – Oil prices were little changed on Monday, making marginal advances in muted trade owing to public holidays in Britain and United States after a downbeat week characterised by the outlook for U.S. interest rates in the face of sticky inflation. The Brent crude July contract was up 21 cents at $82.33 a barrel …
Oil Steadies After Weekly Decline on U.S. Interest Rate Prospects Read More »
The billionaire said it was difficult for him to answer questions that are ‘of such a significant nature’ Bloomberg News Tesla Inc. chief executive Elon Musk doesn’t want to talk about whether he’s committed to bringing a low-cost electric vehicle to market, or the carmaker’s rough last few months. Elon Musk Visits Troubled Tesla Gigafactory Near Berlin The CEO largely …
Tesla CEO Musk Refuses to Commit to Cheaper Electric Vehicles Read More »
Summary Brent settles 2.1% lower for the week Interest rate policy, rise in crude oil stocks weigh Oil rig count unchanged, Baker Hughes data Market awaits OPEC+ June 2 online meeting (Reuters) – Oil prices rose about 1% on Friday, but fell for the week on worries that strong U.S. economic data would keep interest …
Oil Posts Weekly Loss as Interest Rate Policy Spurs Fuel Demand Worries Read More »
A 63% spike in U.S. natural gas futures prices over the past three weeks was enough to push some drillers to start pulling more fuel out of the ground, according to energy analysts and data from financial firm LSEG. To be sure, gas production was still down around 8% so far this year after several …
U.S. Natgas Price Spike Prompts Drillers to Return to Wellpad in May Read More »
(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for the fourth time in five weeks, energy services firm Baker Hughes (BKR.O), opens new tab said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by …
US Drillers Cut Oil and Gas Rigs for Fourth Time in Five Weeks – Baker Hughes Read More »
U.S. natural gas futures climbed about 2% to a four-month high on Thursday on expectations utilities injected less gas into storage than usual for this time of year for a fourth week in a row. Analysts forecast U.S. utilities added 85 billion cubic feet (bcf) of gas into storage during the week ended May 17. …
U.S. Natgas Prices up 2% to Four-Month High Ahead of Federal Storage Report Read More »
Hess Corp CEO John Hess has until Tuesday to quell a rebellion by shareholders over his handling of what could turn out to be one of the largest mergers in oil industry history: a proposed $53 billion sale of the oil producer to Chevron Corp. Hess, 70, has spent the past month visiting or calling …
Hess-Chevron Merger Vote Appears Ripe for Narrow Approval Read More »
U.S. natural gas pipeline venture Mountain Valley Pipeline pushed back the target in-service date of its long-delayed pipe from West Virginia to Virginia to early June from the prior target of “prior to June 1”. The company told federal energy regulators in a filing late Tuesday that the small delay was “due to the extended …
U.S. Mountain Valley Sees WV-VA Natgas Pipe in Service in Early June Read More »
Projects in the three markets to make up 80% of production Strong policy support, ambitious growth goals to spur supply The US, Europe and China will dominate global supply of low-carbon hydrogen by the end of the decade, driven by strong regulatory support and ambitious growth targets, according to BloombergNEF. By 2030, the three markets will …
US, Europe and China to Dominate Hydrogen Supply, BNEF Says Read More »
by Irina Slav More From Irina Slav Green activists this week filed a lawsuit against TotalEnergies for criminal wrongdoing. The wrongdoing in question appears to be the company’s oil and gas production, which allegedly caused extreme weather, which, also allegedly, led to deaths. Also this week, Democrats in the U.S. Congress called on the Department of Justice to investigate …
A Open Letter to Big Oil – Do What Activists Want…For a Month – Irina Slav Read More »
