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JPMorgan Chase & Co. CEO Met With Texas AG as State Bans Banks Over ESG Policies

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

The April meeting with the JPMorgan CEO took place in New York Banks are being examined for their stance on oil and gas JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon met with Texas Attorney General Ken Paxton as the Republican official threatens to bar more banks from helping the state and its local governments sell bonds to raise …

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Diesel in the Doldrums as Weak Demand Prompts Refiner Run Cuts

Diesel Fuel, Energy Topics & Technology, Latest, US News / By

Asian margins for the fuel have almost halved since February The drop in profits has come as a surprise: Wood Mackenzie Returns from making diesel have fallen sharply over the last few months as supply of the industrial and transport fuel has outpaced demand, spurring refiners to cut run rates and focus on producing gasoline …

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U.S. Oil Output in Top Shale Regions to Hit Six-Month High in June, EIA Says

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil, Pinned Primary, US News / By

U.S. oil output from top shale-producing regions will rise in June to its highest in six months, the U.S. Energy Information Administration (EIA) said in its monthly Drilling Productivity Report on Monday.Production in the top basins will reach 9.85 million barrels per day (bpd), its highest since December, the EIA said. Shale production, which represents …

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US Natgas Prices Little Changed as Rising Demand Offsets Higher Output

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

U.S. natural gas futures were little changed on Monday as forecasts for more demand next week than previously expected offset a rise in output over the weekend. Other factors also kept prices in check, including a bullish increase in the amount of gas flowing to liquefied natural gas (LNG) export plants with the return to …

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U.S. Energy Secretary to Visit Saudi Arabia, UAE This Week, Officials Say

Conventional Energy, Latest, Oil, US News / By

May 10 (Reuters) – U.S. Energy Secretary Jennifer Granholm will visit Saudi Arabia and the United Arab Emirates next week to work on “climate co-operation” and other issues, two Biden administration officials told Reuters on Friday. The visit will run from Tuesday through Thursday, with Granholm visiting the UAE first, one of the officials said. …

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Renewable Fuels Take Bite Out of U.S. Diesel Consumption – John Kemp

Diesel Fuel, Energy Topics & Technology, Latest, Renewable Energy, Solar, US News, Wind / By

(Reuters) – Biodiesel and other renewable diesel fuel oils are displacing a small but growing volume of petroleum-derived distillate fuel oil in the United States, especially in California and other parts of the West Coast. The result of this policy-driven change is that manufacturing and freight activity is correlated with total petroleum and renewable fuel …

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Schumer Urges FTC to Hit the Brakes on $53 billion Chevron-Hess Merger

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

By Reuters Schumer urges FTC to hit the brakes on $53 billion Chevron-Hess merger By Reuters May 12 (Reuters) – U.S> Senate Majority Leader Chuck Schumer on Sunday urged the Federal Trade Commission to “pump the breaks” on Chevron Corp’s  proposed $53 billion acquisition of Hess Corp. “The FTC should side with consumers and pump the breaks …

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Oil Slips on Signs of Weak Fuel Demand, Strong Dollar

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

(Reuters) – Oil prices extended declines on Monday amid signs of weak fuel demand and as comments from U.S. Federal Reserve officials dampened hopes of interest rate cuts, which could slow growth and crimp energy use in the world’s biggest economy. Brent crude futures slid 7 cents, or 0.1%, to $82.72 a barrel by 0624 …

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U.S. Energy Secretary to Visit Saudi Arabia, UAE next week, Officials Say

Conventional Energy, Latest, Oil, US News / By

May 10 (Reuters) – U.S. Energy Secretary Jennifer Granholm will visit Saudi Arabia and the United Arab Emirates next week to work on “climate co-operation” and other issues, two Biden administration officials told Reuters on Friday. The visit will run from Tuesday through Thursday, with Granholm visiting the UAE first, one of the officials said. …

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U.S. Mountain Valley Passes Test After Fixing Leak in WV-VA Natgas Pipe

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

U.S. natural gas pipeline venture Mountain Valley Pipeline said on Friday it repaired a segment of pipe that failed a water test earlier in the month and will continue to prepare the long-delayed West Virginia-Virginia pipe for service. The venture was on track to complete the $7.85 billion project by the end of May, U.S. …

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