U.S. natural gas production and demand, as well as liquefied natural gas (LNG) exports, will hit record highs again in 2024, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday. The EIA projected dry gas production will rise to 105.04 billion cubic feet per day (bcfd) in 2024 …
U.S. Natgas Output and Demand to Hit Record Highs Again in 2024 – EIA Read More »
U.S. crude production will rise to record highs in 2024 and 2025, but will grow less than it did last year, the U.S. Energy Information Administration (EIA) said on Tuesday. In its Short-Term Energy Outlook (STEO), EIA projected U.S. crude production will rise by 290,000 million barrels per day (bpd) to 13.21 million bpd this …
U.S. Crude Production to Reach Record High in 2024, EIA Says Read More »
U.S. natural gas futures climbed about 4% to a seven-week high on Tuesday on forecasts for extremely cold weather next week that will boost demand to a record high. In addition to sky-high gas demand, extreme cold could cause production to drop by freezing oil and gas wells, pipes and other energy equipment as happened …
U.S. Natgas Prices Up 4% to 7-Week High Ahead of Record Demand Next Week Read More »
A massive winter storm moving across the eastern half of the U.S. on Tuesday ahead of a forecast brutal freeze this weekend knocked out power to over 302,000 homes and businesses in nine states. The hardest hit states so far were Georgia with over 65,000 power outages, Florida with over 62,000 outages and Alabama with …
Massive Winter Storm Batters U.S., Knocks Out Power to Over 300,000 Customers Read More »
FOR IMMEDIATE RELEASE Jon Haubert | 303.396.5996 Enverus releases its 2024 Outlook Series of reports focus on the shifting dynamics of oil and gas, energy transition and geopolitics AUSTIN, Texas (Jan. 9, 2024) — Enverus, the most trusted energy-dedicated SaaS company, has released its 2024 Outlook that includes a series of reports discussing topics the organization believes …
APA Corp.’s $2.6 billion purchase of Callon Petroleum Co. extends the industry’s strategy of lining up drilling sites without piling on debt. Permian Basin oil and natural gas output may grow in 2024, though at a slower pace than last year. The new year in the shale patch kicked off much as the old one ended, with a hefty all-stock takeover. …
Shale’s Shift to All-Stock Deals Gives It Muscle Against OPEC Maneuvers Read More »
HOUSTON, Jan 8 (Reuters) – The large crude distillation unit (CDU) and coker were shut on Monday at Motiva Enterprises (MOTIV.UL) 626,000 barrel-per-day (bpd) Port Arthur, Texas refinery, the largest in the U.S., said sources familiar with plant operations. The 350,000-bpd VPS-5 CDU and the 110,000-bpd DCU-2 coker are scheduled to remain shut for a …
Large Crude Unit, Coker Shut at Biggest U.S. Refinery Read More »
(Reuters) – Oil and fuel tanker traffic in the Red Sea was stable in December, even though many container ships have rerouted due to attacks by Iran-aligned Houthi militants, a Reuters analysis of vessel tracking data showed. The attacks have driven up shipping costs sharply along with insurance premiums, but have had less impact than …
Oil Tankers Continue Red Sea Movements Despite Houthi Attacks Read More »
Summary Hapag-Lloyd to continue avoiding Red Sea/Suez Canal 300,000 bpd of supply still offline in Libya American Petroleum Institute weekly data due at 2130 GMT (Reuters) – Oil prices rose by more than $1 on Tuesday after sliding in the previous session as markets weighed Middle East tensions against demand worries and rising OPEC supply. …
Oil Rises Over a $1 as Middle East Crisis, Inflation Fight in Focus Read More »
HOUSTON, Jan. 08, 2024 (GLOBE NEWSWIRE) — Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) today announced their quarterly distributions with respect to the fourth quarter of 2023 and also announced timing of fourth quarter 2023 earnings. Fourth Quarter Distribution Declaration PAA and PAGP announced the following quarterly cash distributions, each …
