Summary OPEC+ to consider whether to make more supply cuts -sources Crude prices had dropped almost 20% since September US adds oil and gas rigs for the first time in three weeks LONDON, Nov 20 (Reuters) – Oil futures rose more than $1 on Monday, extending gains on the prospect of OPEC+ deepening supply cuts …
Oil Rises on Expectations of Further OPEC+ Supply Cuts Read More »
When it comes to the quality of your gas compression engine rebuilds, you can’t afford to cut corners. Third-party rebuilders lack the expertise, parts inventory, training, and Caterpillar Certified technicians you need to guarantee a quality rebuild. With proven results and hundreds of satisfied customers, Cleveland Brothers is fully equipped to restore your machines with …
Don’t be fooled by Friday’s sharp relief rally in oil and gas equities as the picture is still bleak for crude supply and demand. Energy stocks in the S&P 500 index followed oil higher with a benchmark-leading 2.5% intraday jump as the sector narrowly avoided notching its second straight weekly decline. But the move in …
Oil’s ‘Dead Cat Bounce’ Spares Energy Stocks From Greater Pain Read More »
(Bloomberg) United Airlines presents itself as the unrivaled leader in cleaner jet fuel. A recent ad campaign featuring the garbage-can-dwelling Oscar the Grouch as the airline’s new “chief trash officer” publicizes its commitment to turn banana peels and old socks into less-polluting jet fuel. In another ad, the company says it’s “investing in more sustainable aviation fuel …
How United and Other US Airlines Lost Momentum on Sustainable Jet Fuel Read More »
U.S. natural gas futures slid about 2% to a three-week low on Friday on record output that should enable utilities to keep injecting gas into storage through late November. Utilities usually start pulling gas out of storage to meet heating demand in mid-November. U.S. gas stockpiles were already 6% above normal in the week ended …
U.S. Natgas Prices Slid 2% to Three-Week Low on Record Output, Ample Storage Read More »
Summary OPEC+ meets to set policy on Nov. 26 Oil has fallen to four-month low this week Saudi Arabia expected to extend voluntary cut – Energy Aspects MOSCOW/LONDON, Nov 17 (Reuters) – OPEC+ is set to consider whether to make additional oil supply cuts when the group meets later this month, three OPEC+ sources told …
Customers will see this reduction on electric bills beginning December 1 Detroit, Nov. 17, 2023 (GLOBE NEWSWIRE) — DETROIT, November 17, 2023 — DTE Energy’s customers will soon see a decrease in their electric bills. DTE will be reducing the Power Supply Cost Recovery mechanism (PSCR), which represents the actual cost of the fuel and other sources …
(Bloomberg) OPEC is seeking to expand its legal team as the oil producer group prepares for challenges posed by the global shift away from fossil fuels. The Organization of Petroleum Exporting Countries wants to hire a new senior legal adviser as well as a legal specialist, according to postings on the Vienna-based group’s website. The oil industry has …
OPEC Seeks to Expand Legal Team for Energy Transition Challenge Read More »
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 »
