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A storm system in the Gulf of Mexico is forecast to strengthen into a hurricane early this week, bringing heavy rain, damaging winds and potentially life-threatening storm surges to parts of the Texas and Louisiana coastlines. The system is forecast to become a tropical storm on Monday as it moves north, with storm watches in …
Strengthening Gulf Storm Could Slam Texas, Louisiana Coasts Read More »
Swing state with most Electoral College votes draws resources Tuesday debate in Philadelphia underscores state’s importance Pennsylvania is emerging as the top battleground in the White House race with Kamala Harris and Donald Trump increasingly focusing their attention and resources on the Keystone state. The most populous of the swing states, Pennsylvania — with its 19 Electoral College votes …
Study finds that when high-polluting firms have easy access to public investor money, emissions go down By Deborah Jaremko Follow CEC on LinkedIn CEC LinkedIn Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Kelly Shue is a professor of finance at the Yale School of Management. Photo courtesy Yale School of Management A finance …
Divesting From Energy Firms Counterproductive, Could Increase Emissions: Yale Professor Read More »
The number of workers in US oil fields and the amount they’re paid have now fallen for two straight months to their lowest levels this year, indicating the wave of mergers and acquisitions in the sector are taking a toll on employment. The overall number of front-line US oil and gas workers fell 1.2% on a month-over-month …
Oil Field Jobs and Pay Drop as U.S. Shale Consolidation Takes Hold Read More »
(Reuters) – Fuel oil exports bound for the U.S. Gulf Coast slumped to their lowest level since January 2019 last month, a sign of weakened refinery demand as margins have softened, analysts said. Feedstocks like high sulfur fuel oil and other heavy residues can be refined into higher value products such as gasoline and diesel …
U.S. Gulf Coast-Bound Fuel Oil Cargoes Hit 5-Yr Low as Refinery Demand Weakens Read More »
Summary Brent settles at lowest since Dec 2021 US employment increased less than expected in August US active oil rig count held at 483 this week (Reuters) – Oil prices settled 2% lower on Friday, with a big weekly loss after data U.S. jobs data was weaker than expected in August, which outweighed price support …
Oil Settles Down 2%, Big Weekly Drop After U.S. Jobs Data Read More »
Even if OPEC+ continues to constrain production throughout 2025, a surplus will still emerge Bloomberg News OPEC+ has staved off an oil surplus this year by deciding to restrain production a little longer. But the temporary fix won’t hold back the supply glut awaiting global markets in 2025. The group led by Saudi Arabia and …
OPEC’s Quick Fix Means Oil Glut Awaits Next Year Read More »
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a fourth week in a row for the first time since late June, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell …
US Drillers Cut Oil and Gas Rigs for Fourth Week in a Row, Baker Hughes Says Read More »
Sept 6 (Reuters) – Bank of America Global Research on Friday downgraded its 2025 Brent price forecast by $5 to $75 per barrel, citing weaker demand, particularly from China, and significant inventory builds. According to the bank’s analysts, subdued global oil demand growth of 1.1 million barrels per day (bpd) year-on-year in 2025, combined with …
BofA Lowers 2025 Brent Forecast by $5/bbl on Softer Demand Read More »
(Reuters) – U.S. natural gas futures edged up about 1% to an eight-week high on Friday as the amount of gas flowing to liquefied natural gas (LNG) export plants rises and producers continue to curtail output. That small price gain occurred despite bearish forecasts for cooler weather over the next two weeks than previously expected, …
US Natural Gas Prices Rise 1% to 8-Week High on Higher LNG Feedgas, Lower Output Read More »
