Summary Oil price near highest in 10 months Tighter market balance for rest of 2023 remains in focus U.S. crude and fuel inventories climb ECB interest rate decision in view LONDON, Sept 14 (Reuters) – Oil rebounded on Thursday as expectations of a tighter global crude supply outlook for the rest of 2023 overshadowed concerns …
Oil Rebounds as Market Refocuses on Supply Tightness Read More »
Sept 13 (Reuters) – United States’ annual renewable energy capacity could triple in 10 years to 110 gigawatts (GW) as clean-energy law powers more investment in the sector, research and consultancy firm Wood Mackenzine said on Wednesday. President Joe Biden’s Inflation Reduction Act (IRA) provides billions of dollars in green energy tax credits to help consumers buy …
U.S. Renewable Energy Capacity Could Triple in 10 years on IRA Boost: Wood Mackenzie Read More »
California faces an energy gap as it transitions to a clean-powered economy by 2045 and must leave all options on the table until then — including nuclear, according to the state’s top air regulator.“Cost obviously is a big factor, waste is a big factor, the permitting challenges are a big factor,” Liane Randolph, chair of …
Nuclear Must Stay an Option in California, Top Regulator Says Read More »
The US expects the global oil market to tighten by the end of 2023, even as crude production rises and demand for refined products remains soft. Crude consumption is set to outstrip supplies worldwide by 230,000 barrels a day in the fourth quarter, the US Energy Information Administration said Tuesday in a monthly report. The US …
Global Oil Shortfall Looms Despite Output Gain and Soft Demand, U.S. Says Read More »
LONDON, Sept 12 (Reuters) – BP (BP.L) CEO Bernard Looney resigned on Tuesday with immediate effect after less than four years in the oil major’s top job for failing to fully disclose details of past personal relationships with colleagues, the company said. Chief Financial Officer Murray Auchincloss will act as CEO on an interim basis, …
BP CEO Looney resigns over personal relationships with colleagues Read More »
Biden admin abruptly cancels several gas, oil leases in Alaska Kristen Altus FOXBusiness Gov. Dunleavy blasts Biden: ‘2024 can’t come soon enough’ Gov. Mike Dunleavy, R-Alaska, shreds President Biden’s war on fossil fuels on ‘Kudlow.’ The governor of Alaska is accusing the president of violating the law after Biden’s administration pulled the plug on Trump-era oil …
Summary Brent stays above $90/bbl level reached last week POLL-U.S. crude inventories likely fell last week API data on U.S. crude stocks due at 2030 GMT LONDON, Sept 12 (Reuters) – Oil prices rose about 1% on Tuesday, boosted by a tighter supply outlook, while investors awaited macroeconomic data that could indicate whether interest rates …
U.S. natural gas futures held near a one-week high on Monday on a big daily drop in U.S. output and much higher global gas prices. Capping those gains were forecasts for milder weather and lower demand over the next two weeks than previously expected. Front-month gas futures for October delivery on the New York Mercantile …
US natgas prices hold near one-week high on lower daily output Read More »
Governments worldwide are facing increasing pressure to step up the fight against global warming as almost every corner of the planet battles wildfires, heat waves and other deadly impacts from rising temperatures. Climate change is set to be at the top of the agenda at the United Nations annual meeting in New York next week. UN Secretary General Antonio …
Money, Oil and Fights Over Emissions: What to Watch at COP28 Read More »
(Reuters) – Chevron Australia (CVX.N) no longer expects to reach a deal with unions and will instead pursue an untested legal strategy to stop industrial action at its Gorgon and Wheatstone liquefied natural gas facilities as unions prepare for full scale strikes. Hundreds of workers at the facilities, which account for over 5% of global supply, started …
Chevron gambles on untested laws to halt Australia LNG strike action Read More »
