(Reuters) – U.S. natural gas futures jumped about 4% on Friday to a six-month high, on near-record flows to liquefied natural gas (LNG) export plants, as output dropped and forecasters expected more demand over the next two weeks than they did previously. Front-month gas futures for December delivery on the New York Mercantile Exchange rose …
US Natural Gas Futures Soar to Six-Month High on LNG Export Surge Read More »
(Reuters) – LLOG Exploration Offshore is exploring a potential sale, which may value one of the largest privately held oil and gas producers in the U.S. Gulf at more than $3 billion including debt, people familiar with the matter said. The Covington, Louisiana-based company is working with investment bankers at Guggenheim Securities on the effort, …
US Gulf Producer LLOG Exploration Explores Sale at $3 Billion Valuation, Sources Say Read More »
(Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by four to 546 in …
US Drillers Cut Oil and Gas Rigs for First Time in Three Weeks, Says Baker Hughes Read More »
(Reuters) – President Donald Trump on Friday denied he was considering strikes inside Venezuela, appearing to contradict his own comments from last week and amid intensifying expectations that Washington may soon expand drug-trafficking-related operations. The United States has built up a large military presence in the Caribbean in recent months, with fighter jets, warships and …
Trump Says He is Not Considering Strikes Within Venezuela Read More »
(Reuters) -U.S. oil and gas production rose to record highs in August, data from the Energy Information Administration showed on Friday, shrugging off concerns that the market is heading towards a surplus. U.S. crude oil output rose 86,000 barrels per day to a record 13.8 million bpd, while gross natural gas output from Lower-48 states …
US Oil and Gas Production Hit Fresh Record High in August, EIA Data Shows Read More »
(Reuters) – U.S. Energy Secretary Chris Wright said on Friday that there is lots of room for a “win-win” on energy trade between China and the United States. U.S. President Donald Trump and China President Xi Jinping secured a fragile trade truce in South Korea on Thursday, with agreements on China soybean purchases and rare …
Lots of Room for Win-Win on Energy Trade With China, US Energy Secretary Says Read More »
Summary Exxon raises dividend by 4% to $1.03 per share Company on track to complete $20 billion share buyback this year Exxon incurs $510 million in restructuring costs in Q3 (Reuters) – Exxon Mobil beat Wall Street estimates for third-quarter earnings on Friday, underpinned by higher oil and gas production in Guyana and the Permian Basin, …
Exxon Beats Q3 Profit Estimates on Higher Guyana, Permian Production Read More »
Summary Hess acquisition helps boost Chevron’s quarterly profit Cash flow grows 20% year-on-year on rise in output ‘High confidence’ free cash flow will keep growing, CFO says Upstream earnings decline 28% due to lower oil prices Downstream profit jumps 91% (Reuters) – Chevron beat analyst estimates on Friday as record oil and gas production, boosted by …
Chevron Tops Q3 Earnings Estimates with Record Production After Hess Deal Read More »
Summary Deal offers US government potential 20% stake in Westinghouse Safety advocates warn of risks due to financial incentives Experts question workforce capacity for rapid reactor construction Oct 31 (Reuters) – A huge nuclear deal announced by the Trump administration earlier this week provides a multi-billion-dollar incentive for the U.S. government to issue permits and approvals for …
Trump’s Big Nuclear Reactor Push Raises Safety Concerns Read More »
Summary Brent, WTI set to fall about 3.5% in October OPEC+ lean towards modest output boost ahead of Sunday meeting, sources say Saudi prices for Asian buyers might fall in Dec. -sources China factory activity shrinks for seventh month, PMI shows (Reuters) – Oil prices were heading for a third consecutive monthly decline, slipping on …
Oil Heads for Third Monthly Decline as Dollar, OPEC+ Supply Weigh Read More »
