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U.S. natural gas futures held near a three-month high on Friday as Hurricane Helene battered the U.S. Southeast after causing Gulf of Mexico producers to cut output and millions of power outages in Florida, Georgia and the Carolinas. On its first day as the front-month, gas futures for November delivery on the New York Mercantile …
U.S. Natgas Prices Hold Near 3-Month High as Helene Batters U.S. Southeast Read More »
(Reuters) – More than 1.28 million homes and businesses in Florida were without power on Friday as Hurricane Helene made landfall as one of the most powerful storms to hit the United States, according to data from PowerOutage.us. The utility company with the most number of customers affected was Duke Energy, which had over 380,000 clients …
More than 1.28 Mln Florida Customers Without Power Due to Storm Helene Read More »
Summary Significance of Cushing waning as output heads to Gulf Coast Record trading volumes on Houston contracts Liquidity along Gulf Coast to boost hedging, arbitrage opportunity Cushing stocks near operational low HOUSTON, Sept 27 (Reuters) – Rising U.S. crude oil exports are boosting the prominence of Gulf Coast price benchmarks and buoying trading volumes on …
U.S. Gulf Coast Oil Prices to Take Center Stage as Exports Dominate Read More »
By Jarrett Renshaw ERIE, Pennsylvania Sept 26 (Reuters) – Drillers in energy-rich Pennsylvania this week called on Democratic presidential candidate Kamala Harris to detail her position on natural gas, a fuel the energy industry bills as clean but which climate activists say is a global warming menace. President Joe Biden put a freeze on new …
Natural Gas Producers Press Harris For Answers in Battleground State Read More »
Dealmakers are bracing for a slowdown in global mergers and acquisitions in the fourth quarter as companies postpone pursuing big targets ahead of the U.S. elections, hoping this will only be a temporary setback before a rebound next year. Deals announced worldwide in 2024 totaled $846.8 billion as of Sept. 25, up 14% from the …
M&A Seen Slowing Ahead of U.S. Elections After Uneven Third Quarter Read More »
Hart-Scott-Rodino Act waiting period has expired Company to be rebranded as Expand Energy and trade on NASDAQ under “EXE” ticker symbol OKLAHOMA CITY and SPRING, Texas, Sept. 26, 2024 /PRNewswire/ — Chesapeake Energy Corporation (NASDAQ: CHK) and Southwestern Energy Company (NYSE: SWN) today announced the waiting period in connection with the companies’ pending combination under …
It’s become clear there’s not enough low-carbon energy to satisfy data centers’ needs, and natural gas will be key. It’s Climate Week in New York, and dominating the conversation has been the apparently insatiable appetite of artificial intelligence for power. The subject has been much in the news. Just last week, we learned that the infamous Three Mile …
By Reuters (Reuters) – U.S. utilities are finally signing concrete supply deals with data-center operators as the artificial-intelligence wave sparks a surge in power demand, paving the way for higher profits in the coming quarters. Data centers are expected to account for 8% of the power generated in the U.S. by 2030, compared with 3% in …
Microsoft Deal Signals Booming Demand from Data Centers to Power AI Read More »
(Reuters) – Oil prices slipped on Thursday, reversing earlier gains, on news that Saudi Arabia, the world’s top crude exporter, will give up on its price target in preparation for raising output. Brent crude futures were down $1.27, or 1.7%, to $72.19 a barrel, while U.S. West Texas Intermediate crude fell $1.18, also 1.7%, to …
Oil Prices Slide on Prospects Saudi Arabia to Raise Output Read More »
About 29% of crude production and 17% of natural gas output in the U.S. Gulf of Mexico were shut in response to Hurricane Helene, the U.S. Bureau of Safety and Environmental Enforcement said on Wednesday. Energy producers had shut-in 511,000 barrels per day of oil production and nearly 313 million cubic feet of natural gas …
About 29% of Crude Production Shut in Gulf of Mexico Due to Hurricane Helene Read More »
