Summary Potential supply glut from OPEC+ and US weighs on prices Venezuela oil export operations continue despite US sanctions Analysts predict lower prices could curb supply, preventing price freefall (Reuters) – Oil prices were little changed on Friday and poised for a second straight weekly decline as a potential supply glut and prospects of a …
Oil Set for Second Straight Weekly Decline on Supply Outlook Read More »
Energy Transfer Cites Focus on Capital Allocation Discipline DALLAS–(BUSINESS WIRE)–Energy Transfer LP (NYSE:ET) announced today that it is suspending development of the Lake Charles LNG project in order to focus on allocating capital to its significant backlog of natural gas pipeline infrastructure projects that Energy Transfer believes provides superior risk/return profiles. Energy Transfer management has determined …
Energy Transfer Announces Suspension of Development of Lake Charles LNG Read More »
By Yousef Saba Lukoil exits Ghasha project, hands ADNOC 10% stake Heavy demand from Asian lenders, including Chinese banks First gas production expected before decade’s end DUBAI, Dec 18 – Abu Dhabi National Oil Company has secured $11 billion in structured financing to monetise future gas production from its Hail and Ghasha development, the state …
ADNOC Lands $11 Billion Financing for Future Gas Output Read More »
By Laila Kearney Capacity prices in PJM hit fresh record high PJM’s supply shortfall affects 13-state region, raising power bills Governors push for extended price limits Dec 17 (Reuters) – Power bills for about a fifth of Americans are expected to continue to rise after the largest U.S. grid operator, PJM Interconnection, reported fresh record-high …
By Emily Forgash and Mark Chediak US President Donald Trump hates wind power. His administration has made a concerted effort to thwart the industry. Trump issued a directive within hours of his return to the White House in January that froze new permitting for wind energy and ordered officials to consider terminating existing leases. But …
Can Trump Succeed in Foiling the US Wind Industry He Loathes? Read More »
By Keira Wright and Ruth Liao Meg O’Neill’s rapid rise to the top of one of the world’s biggest fossil-fuel companies has been unencumbered by doubt. At a moment when oil executives are still being pressed to move away from hydrocarbons, she has a different argument: that the world is nowhere near done with them. …
How BP’s New Boss Became the Most Powerful Woman in Fossil Fuels Read More »
(Reuters) – Saudi Arabia’s crude oil exports hit their highest level in two and a half years in October, data from the Joint Organizations Data Initiative (JODI) showed on Thursday. Crude exports from the world’s largest oil exporter increased to 7.100 million barrels per day (bpd), higher than September’s 6.460 million bpd, and their highest …
Saudi Arabia Crude Exports Rise to Two-and-a-Half Year High in October Read More »
Japan Petroleum Exploration said on Thursday it will acquire Verdad Resources Intermediate Holdings LLC (VRIH), which owns tight oil and gas assets in the U.S. for $1.3 billion in its largest-ever deal. JAPEX will buy VRIH, which holds assets in Colorado and Wyoming, from Verdad Resources Feeder LLC using a mix of its own funds …
Japan’s JAPEX Buys US Tight Oil and Gas Assets in $1.3 Billion Deal Read More »
Asia’s imports of U.S. crude oil, coal and liquefied natural gas are on track to decline this year despite President Donald Trump’s efforts to boost shipments as part of his trade and tariff policies. The decline in imports from the United States is largely driven by China, the world’s biggest buyer of commodities, which pulled …
Asia’s Imports of US Energy Drop in 2025 Despite Trump Trade Moves: Russell Read More »
The surprise appointment of Meg O’Neill as BP’s first outsider CEO offers the bruised $90 billion British oil company three clear strategic choices for moving forward: build, buy or be bought. BP announced on Wednesday that CEO Murray Auchincloss would step down the following day and that O’Neill, current CEO of Australian-listed Woodside Energy, would …
BP’s CEO Shake-up Could Pave Way to Mega Merger: Bousso Read More »
