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Big Oil Gets Big Boost from Escalating Economic War on Russia – Ron Bousso

Conventional Energy, Latest, Oil, US News / By

Top Western oil companies are enjoying a windfall from the expanding attacks on Russia’s oil industry – both literal and economic – that have boosted global refining profit margins and mitigated concerns over a looming supply glut. Waves of Ukrainian drone strikes on Russia’s vast network of refineries and export terminals since July have hammered …

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QatarEnergy, Exxon Executives Warn of Europe Exit Over Climate Law

Latest, LNG, Oil, US News / By

Summary ExxonMobil CEO warns EU law could force exit from Europe EU law demands climate plan aligned with Paris Agreement, Woods says Qatar threatens again to halt LNG supply to Europe over sustainability law (Reuters) – Executives at two of Europe’s top gas suppliers, ExxonMobil and QatarEnergy, on Monday warned they could stop doing business …

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Oil Prices Steady Despite OPEC+ Plans to Pause Output Increases

Conventional Energy, Latest, Oil, US News / By

Summary OPEC+ agrees to small output increase in December Plans to pause production increases in the new year Russia’s Tuapse port hit by Ukraine drone attack Supply outlook and Asian factory data weigh on prices (Reuters) – Oil prices were little changed despite news that OPEC+ plans to end its supply increases, with the market …

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OPEC+ Pauses Oil Output Hikes Beyond December Amid Glut Fears

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC / By

Summary OPEC+ pauses oil output increases for Jan-March 2026 Group agrees output hike of 137,000 bpd for Dec 2025 Oil glut predictions dominate outlook for 2026 New sanctions make it difficult for Russia to raise output (Reuters) – OPEC+ on Sunday agreed a small oil output increase for December and a pause in increases in …

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Trump Administration Announces $100 Million in Funding to Upgrade Coal Plants

Coal, Conventional Energy, Latest, US News / By

(Reuters) – The U.S. Department of Energy on Friday announced that it would make $100 million available to refurbish and modernize existing coal-fired power plants. The move is part of the Trump administration’s effort to reverse the decline of coal use in the United States. The Energy Department said last month it would provide $625 million to …

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US Officials to Skip UN Climate Talks Trump Derided as ‘Scam’

Energy Topics & Technology, Environment, Latest, US News / By

By Jennifer A Dlouhy Pavilions at the Parque da Cidade, the main venue for the COP30 summit, in Belem, Brazil. Photographer: Alessandro Falco/Bloomberg High-level US representatives are staying away from the UN climate negotiations in Brazil, even as President Donald Trump seeks to influence energy policy globally. The plan to forgo senior representation at the …

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Exxon and Chevron Cut Divergent Paths as Global Oil Glut Looms

Conventional Energy, Latest, Oil, US News / By

By Kevin Crowley North America’s two dominant oil companies are carving divergent paths as the global crude market staggers toward what’s widely expected to be a hefty supply glut. Exxon Mobil Corp. is pressing ahead with a raft of expansion projects, even as OPEC and its allies increase production and oil futures hover near a …

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Chevron CFO Sees Oil Slump Persisting Into 2026 on Ample Supply

Conventional Energy, Latest, Oil, US News / By

By Kevin Crowley Chevron Corp. Chief Financial Officer Eimear Bonner said there’s a risk the oil-price slump persists into next year amid robust output from OPEC+ members and non-aligned nations. “There’s been some OPEC+ unwinds and growth also in non-OPEC supplies,” Bonner said during an interview. “We potentially could see some pressure continue this year …

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OPEC+ Likely to Agree Small Oil Output Increase for December, Sources Say

Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC, US News / By

By Olesya Astakhova, Ahmad Ghaddar and Alex Lawler Group likely to agree to 137,000 bpd hike, sources say New sanctions make it difficult for Russia to raise output OPEC+ has slowed pace of increases amid glut predictions Eight OPEC+ countries to meet online on Sunday LONDON/MOSCOW, Oct 31 (Reuters) – OPEC+ will likely agree on …

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Oil Ends Slightly Up, Trade Choppy on Report, Denial of US Attack Plan on Venezuela

Conventional Energy, Latest, Oil, US News / By

By Erwin Seba Trump issues denial on social media that U.S. plans to attack Venezuela News media reports say U.S. plans air strikes on Venezuela Brent, WTI set to fall about 2.6% and 2% in October OPEC+ lean towards modest output boost ahead of Sunday meeting, sources say HOUSTON, Oct 31 (Reuters) – Oil prices …

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