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U.S. EPA to Announce Temporary Expanded Sales of Higher-Ethanol Gasoline Blend

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

(Reuters) – The U.S. Environmental Protection Agency will announce by Friday plans to temporarily expand sales of higher-ethanol blends of gasoline this summer, a win for the corn ethanol industry that will likely see demand increase, three sources familiar with the matter said. The measure would lengthen the period during which Americans can keep buying …

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Oilfield Firm SLB’s Profit Rises on International Drilling Demand

Energy Topics & Technology, Latest, OFS-Oilfield Services, US News / By

(Reuters) – Top oilfield services firm SLB  reported a 14% rise in first-quarter profit on Friday, in line with analysts’ estimates, as strong oil and gas drilling demand in the Middle East and Africa helped offset weakness in North America activity. The company, which also reaffirmed its previous guidance of mid-teens profit growth for the full …

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Oil Slips Despite Reported Israeli Attack on Iran

Conventional Energy, Latest, Oil, Pinned Primary, US News / By

(Reuters) – Oil slipped on Friday after prices spiked earlier on reports that Israel had attacked Iran as market fears of a major escalation to hostilities in the Mideast appeared to ease. After the benchmark contracts jumped more than $3 in the session, Brent futures were down 46 cents, or 0.5%, at $86.65 a barrel …

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Goldman Sachs Hikes Brent crude Forecasts for 2024 and 2025

Conventional Energy, Energy Topics & Technology, Forecasts, Latest, Oil, US News / By

Goldman Sachs on Thursday raised its Brent crude oil price forecasts, projecting $86 a barrel for the second half of 2024, up from $85 previously, and $82 for 2025, up from $80.It said prices were likely to stay at the higher end of its forecast range, citing disappointing U.S. supply and a likely sticky geopolitical …

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U.S. Natgas Prices Up 3% Ahead of Storage Report as LNG Feedgas Rises

Conventional Energy, Latest, Natural Gas, Tri-Pinned, US News / By

U.S. natural gas futures climbed about 3% on Thursday on forecasts for cooler weather and more demand next week than previously expected and with an increase in the amount of gas flowing to liquefied natural gas (LNG) export plants, including Freeport LNG. That price rise also came ahead of a federal storage report expected to …

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Kinder Morgan Meets Profit Estimates, Sees New Demand from AI Operations

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

(Reuters) – Pipeline and terminal operator Kinder Morgan  on Wednesday reaffirmed its annual profit outlook and said it expects demand for natural gas to grow substantially between now and 2030. The company, which operates about 79,000 miles of pipelines, said it is banking on growth in electric demand primarily driven by demand from new and expanding …

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BIden Politics: White House Renews Internal Talks on Invoking “Climate Emergency” During Election Year

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Youth activists push Biden for move ahead of November election Emergency proclamation could be used to halt exports, drilling White House officials have renewed discussions about potentially declaring a national climate emergency, an unprecedented step that could unlock federal powers to stifle oil development. Top advisers to President Joe Biden have recently resumed talks about the merits of …

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Biden Confronts Tough Choice Over Venezuela Oil Sanctions

Conventional Energy, Latest, Oil, US News / By

The US president must hold Maduro to account while keeping a lid on domestic gas prices in an election year. Joe Biden must decide this week whether to reinstate oil sanctions on Venezuela — a matter entangled with two of the American president’s biggest headaches in an election year: inflation and immigration. The six-month waiver …

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BlackRock’s Aggressive Hunt for Growth in Saudi Arabia

Conventional Energy, Latest, US News / By

The kingdom is plowing billions into infrastructure and investments—and Larry Fink is out to make sure the asset management giant gets a share   What’s worth your time when you’ve already built the world’s largest asset management company? For Larry Fink, chief executive officer of BlackRock Inc., courting the billions of dollars in assets up for grabs …

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Buffett Utilities Say More Gas Plants Needed to Meet Demand

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

NV Energy sees unprecedented demand growth on its systems Electricity demand is expected to more than double this decade Executives of US Western utilities owned by Warren Buffett’s Berkshire Hathaway Inc. conglomerate said more natural gas power plants will be needed to supply unprecedented demand growth on their systems. NV Energy Inc. sees natural gas generators playing a …

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