The Trump administration will hold an auction for drilling oil and gas off the U.S. Gulf next month and has proposed another in a waterway in southern Alaska, it said on Friday. The lease sale in the U.S. Gulf of Mexico, which President Donald Trump refers to as the Gulf of America, will make about …
Trump Finalizes US Gulf Oil Lease Sale, Proposes Alaska Sale in 2026 Read More »
(Reuters) – U.S. energy firms produced a record amount of natural gas during the third quarter as producers scrambled to keep up with soaring domestic and export demand for the fuel. Power-hungry data centers and a boom in liquefied natural gas (LNG) exports are driving up U.S. gas use, pushing producers to pull more gas …
US Set to Produce Record Amounts of Natural Gas to Meet Surging Export Demand Read More »
(Reuters) – Hydrocarbons will continue to play a critical role for a long time to come, the CEO of U.S. energy company Exxon Mobil said on Friday, adding that the question would be whether they continue to be burned as fuel. “Crude oil and hydrocarbons are going to play a critical role in everybody’s life …
Exxon Mobil CEO Says Hydrocarbons Will Remain Critical for Long Time Read More »
(Reuters) – Global investments in renewable energy aren’t bearing fruit and the world should focus on securing reliable supplies of fossil fuels, U.S. energy and interior secretaries said this week as they worked on convincing Europe to buy more U.S. oil and gas. The U.S. has become Europe’s top oil and gas supplier on the …
US Urges Europe to Stick to Oil and Gas, Not Renewables Read More »
(Reuters) – The volume of oil stored onboard ships in Asian waters doubled in recent weeks after tightening western sanctions hit imports from China and India and as a shortage of import quota curbed demand from independent Chinese refiners, analysts said. The European Union, United Kingdom and the United States have imposed a raft of …
Asia Oil Floating Storage Surges as Sanctions, Tight China Quota Curb Demand Read More »
(Reuters) – Japan, the world’s No.2 LNG importer, plans to buy liquefied natural gas for emergency reserves on a monthly basis from January, instead of buying only during peak demand periods, to guard against supply shocks, two industry ministry sources said. The reinforcement of the country’s Strategic Buffer LNG (SBL) program, run by the Ministry …
By David Wethe and Kevin Crowley A pumpjack and drill rig over an oil well in the Permian Basin near Midland, Texas. Photographer: Daniel Acker/Bloomberg US shale companies are forging ahead with their production plans, adapting to $60 oil prices while grinding out small increases and setting up the industry to add to next year’s …
Shale Operators Defy $60 Oil to Keep Increasing Production Read More »
By Olivia Rudgard and Laura Millan Leaders at COP30 family photo in Belem, Brazil, on Nov. 7. Photographer: Fernando Llano/AP Photos For three decades, the United Nations has been holding an annual summit on the climate known as COP, which stands for Conference of the Parties. Delegates travel to a chosen city from around the …
What Happens at COP Climate Summits? Will This One Make a Difference? Read More »
Nov 7 (Reuters) – Enbridge (ENB.TO) missed third-quarter profit estimates on Friday, pressured by higher financing costs from capital investments including U.S. gas utility acquisitions, sending its shares down nearly 2% in premarket trading. The Calgary-based pipeline operator had bought three Dominion Energy (D.N) utilities last year — East Ohio Gas, Questar Gas and Public …
Canada’s Enbridge Misses Third-Quarter Profit Estimates on Higher Capital Costs Read More »
Nov 7 (Reuters) – Abu Dhabi state oil firm ADNOC’s trading unit plans to increase the volume it handles by two-thirds over the next few years as part of its international expansion, Bloomberg News reported on Friday, citing its CEO. ADNOC has been stepping up its global expansion in recent years to find new revenue …
UAE’s Oil Trading Arm Plans Rapid Global Expansion, Bloomberg Reports Read More »
