Auto Added by WPeMatico
Summary Fed’s Logan says policy may not be tight enough Dollar rises after consumer sentiment data, yen weaker Speculators cut U.S. crude oil net longs, CFTC says US drillers cut oil rig count to lowest since Nov – Baker Hughes NEW YORK, May 10 (Reuters) – Oil prices fell by nearly $1 a barrel on …
Oil Falls on Prospect of Higher-For-Longer U.S. Rates, Stronger Dollar Read More »
May 10 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row, 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, …
US Drillers Cut Oil and Gas Rigs for Third Week in a Row, Baker Hughes Says Read More »
Climate activists taking a page from LNG export pause playbook Deepwater oil terminal approved in April, three others pending Climate activists who successfully pushed President Joe Biden to halt new US liquefied natural gas exports are setting their sights on proposed crude oil shipping facilities, after the administration approved a massive petroleum terminal last month. …
Biden Urged to Halt Oil Exports After Terminal Approved Read More »
(Reuters) – Asian spot liquefied natural gas prices rose this week on stronger demand amid high temperatures in north and south China, pushing European buyers to bid at relatively narrow discounts to attract sellers. The average LNG price for June delivery into north-east Asia rose to $10.50 per million British thermal units (mmBtu), from $10.40/mmBtu …
Asian Spot LNG Prices Rise on signs of Stronger Demand Read More »
LONDON, May 10 (Reuters) – Global benchmark Brent hovered above $84 a barrel on Friday after data this week signalled growing demand in the U.S. and China, the world’s two largest crude users, while festering conflict in the Middle East added support. Brent futures were up 50 cents to $84.38 a barrel at 1130 GMT. …
Oil Benchmark Brent Above $84 on Perky Demand Signals, MidEast Conflict Read More »
The Panama Canal is in talks with U.S. liquefied natural gas (LNG) producers on how to meet increased demand for crossings as water levels recover after a prolonged drought, the canal’s administrator Ricaurte Vasquez told Reuters in an interview. The canal is typically used by U.S. Gulf Coast exporters to send LNG cargoes to Asia …
Panama Canal in Talks with U.S. LNG Producers to Increase Transit Read More »
Plaintiffs in an antitrust class action over oil prices have asked a federal judge in Nevada to force Pioneer Natural Resources to hand over communications involving its embattled former CEO Scott Sheffield that it gave to the U.S. Federal Trade Commission. The FTC last week approved Exxon Mobil’s $64 billion purchase of Dallas-based Pioneer, but the …
Consumers Demand Ex-Pioneer CEO Records in Shale-Oil Antitrust Lawsuit Read More »
Natural gas flowing to Freeport LNG’s export plant in Texas was on track to hit a 16-week high on Thursday, LSEG data showed, in what energy traders said was a sign it could return to full power soon. The startup and shutdown of Freeport and other U.S. liquefied natural gas (LNG) export plants often has …
U.S. Natgas Flows to Freeport LNG in Texas Seen at 16-week High, LSEG Data Shows Read More »
The candidate’s vocal disdain for wind farms is another worry for developers, who’ve faced high costs and supply-chain woes. Companies racing to build multibillion-dollar wind farms in US waters are already contending with surging borrowing costs, supply-chain woes and project pullbacks. Now, they’ve got a new worry: Donald Trump. The former US president and presumptive Republican nominee …
Trump Presidency Is Next Worry for Battered U.S. Wind Sector Read More »
Bllomberg Pipeline operator Energy Transfer LP says it intends to fully evaluate opportunities for mergers and acquisitions. Since last year, there has been a wave of acquisitions among US oil and gas producers as they seek to cut costs and line up new well sites. Though most of the deals have been between drillers, the pipeline sector …
Midstream Space Is Ripe for More M&A, Energy Transfer Says Read More »
