U.S. natural gas futures fell about 3% on Thursday on a bigger-than-expected weekly storage build and on record output that should enable utilities to keep injecting gas into storage through at least late November. Utilities usually start pulling gas out of storage to meet heating demand in mid-November. The U.S. Energy Information Administration (EIA) said …
U.S. Natgas Prices Fall 3% on Big Storage Build, Record Output Read More »
(Bloomberg) Glencore Plc is preparing to unleash a new coal supermajor on the New York market that would – based on recent performance – churn out bigger profits than the current top 10 US listed coal miners combined. The world’s No. 1 shipper of thermal coal on Tuesday unveiled the first step in the process, …
Glencore Bets on US Love of Coal With New Fossil Fuel Giant Read More »
U.S. crude oil prices are anticipating an increase in inventories as the market moves into surplus during the first quarter of 2024, despite an expected extension of current production cuts by Saudi Arabia and its OPEC⁺ partners. U.S. crude futures for deliveries in January 2024 closed at $77 per barrel on November 15 – still …
U.S. Oil Prices Slide as Stocks Accumulate at Cushing: John Kemp Read More »
(Reuters) – U.S. developers building renewable energy projects and power storage for grids are scrambling to procure critical components, leading to rising costs and project delays. Supply chain problems have tightened supply of high-voltage transformers necessary to connect wind and solar farms and batteries to the grid, projects that are key to the energy transition. …
U.S. Renewable, Grid Battery Projects Battle Transformer Shortage Read More »
U.S. crude oil stockpiles jumped last week, while gasoline inventories posted a surprise draw as refineries picked up runs amid seasonally strong demand, the Energy Information Administration said on Wednesday. The EIA resumed publishing weekly data after a two week hiatus to complete a planned systems upgrade. Crude inventories rose by 3.6 million barrels in …
U.S. Crude Stockpiles Rise, Fuel Draws Down Last Week – EIA Read More »
By Scott DiSavino NEW YORK, Nov 15 – U.S. natural gas futures gained about 2% on Wednesday on forecasts for colder weather and more heating demand through the end of November than previously expected and as record amounts of gas flows to liquefied natural gas (LNG) export plants. Front-month gas futures for December delivery on …
U.S. Natgas Prices Gain 2% on Colder Forecast, Record LNG Export Feedgas Read More »
(Reuters Breakingviews) – Sultan al-Jaber has a tough gig. In a fortnight the United Arab Emirates will host the 28th Conference of the Parties, the world’s key climate gathering. The chief executive of the Abu Dhabi National Oil Company (ADNOC) is tasked with making it a success. His best bet is to focus on correcting …
COP28’s Big Challenge: Green Cash for Poor States Read More »
By Montrose Environmental In today’s world, environmental compliance is a crucial aspect for organizations across many different industries. Meeting regulatory requirements and effectively managing emissions data is essential for sustainable operations. Montrose Environmental offers a comprehensive platform called TARGET ONLINE, along with a mobile app called TARGET TRACK. These innovative platforms provide numerous benefits for …
The Benefits of TARGET ONLINE & TARGET TRACK for Environmental Compliance Read More »
Chevron Corp said it is evaluating options for around 70,000 net acres of land in East Texas’ Haynesville shale formation after pausing development earlier this year, with sources saying a full sale is one option under consideration. The move would be a small first step by the energy major which is seeking to offload assets …
Chevron Reviewing Options for East Texas Assets After Shale Acquisitions Read More »
Investors continued to sell petroleum futures and options last week as sentiment became the most bearish since the middle of the year, before Saudi Arabia and its OPEC+ partners removed extra crude from the market. Hedge funds and other money managers sold the equivalent of 57 million barrels in the six most important futures and …
Oil Traders Turn Bearish, Daring OPEC⁺ to Cut Again: John Kemp Read More »
