Summary Debt ceiling bill passed by House of Representatives U.S. crude stocks up by 5.2 million barrels -market sources LONDON, June 1 (Reuters) – Oil steadied on Thursday as a potential pause in U.S. interest rate hikes and the passing of a crucial vote on the U.S. debt ceiling bill were offset by a report …
Oil steadies as U.S debt bill progress balanced by higher inventories Read More »
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HOUSTON, May 31 (Reuters) – Chemical maker LyondellBasell Industries (LYB.N) said on Wednesday that it plans to delay closing of its Houston, Texas, oil refining business to no later than the end of the first quarter in 2025. The company said last year it would close its 263,776 barrel-per-day Houston Refinery by the end of 2023, …
LyondellBasell Delays Houston Oil Refining Business Exit to 2025 Read More »
Exxon Mobil Corp. shareholders on Wednesday overwhelmingly supported the company’s views on climate reports and strategies, rejecting proposals for report on methane, greenhouse gas reporting and oil-spill preparations by a wide margin. None of the initiative proposals received more than 36% of votes cast, according to early results at the online shareholder meeting. Several of the …
Exxon Shareholders Soundly Reject all Climate-Related Petitions Read More »
Courtesy of Offshore Energy Courtesy of ENERGYminute See more articles and infographics from ENERGYminute HERE PowerX announced plans to develop the world’s first battery-powered oil tanker, aiming for completion by 2025. The ship would be built for short distances, up to 300 kilometers, and charge at power stations located near the ports. READ MORE HERE
(Reuters) – The bipartisan U.S. debt deal’s provisions to speed up energy infrastructure permitting will make it easier to build fossil fuel and clean energy projects but failed to tackle the mammoth issue of building transmission and pipelines needed to get their production to consumers. The Biden administration said the deal, announced over the weekend, …
U.S. Debt Deal’s Energy Permitting Reforms Leave Thorniest Issues For Later Read More »
LONDON, May 30 (Reuters) – OPEC and its allies, including Russia, meet in Vienna on June 4 to decide on their output policy. The group, known as OPEC+, agreed on April 2 to increase crude oil production cuts to 3.66 million barrels per day (bpd) or 3.7% of global demand, after several members pledged unilateral …
Lund, Sweden. Axis Communications, a leader in network video, announces AXIS P1468-XLE Explosion-Protected Bullet Camera, the world’s first explosion-protected camera specifically designed for Zone and Division 2 hazardous locations. The camera is designed for Zone 2, 22 and Class I/II/III Division 2 according to international standards (ATEX, IECEx, NEC). Axis Communications launches world’s first explosion-protected …
U.S. natural gas futures dropped about 4% on Tuesday on record U.S. output and forecasts for milder U.S. weather and lower demand over the next two weeks than previously expected. U.S. energy company Equitrans Midstream Corp’s long-delayed $6.6 billion Mountain Valley gas pipe from West Virginia to Virginia could win federal approval as part of …
U.S. Natgas Futures Drop 4% on Record U.S. output, Lower Demand Forecast Read More »
HAMBURG, May 26 (Reuters) – Siemens Energy (ENR1n.DE) is considering setting up production in the United States to help modernise the country’s power grid, keen for a slice of what is expected to be a multitrillion-dollar market following the Inflation Reduction Act (IRA). The deliberations are part of a broader rethink at the German power conglomerate …
Siemens Energy plans U.S. power grids push to tap into IRA boost Read More »
