(Reuters) – OPEC+ members are discussing whether to agree on another large production increase at their meeting on June 1, Bloomberg News reported on Thursday. An output hike of 411,000 barrels a day (bpd) for July is among the options under discussion, although no final agreement has yet been reached, the report said, citing delegates.
A shareholder advocacy group says reviving a liquefied natural gas export project in Quebec’s Saguenay region would be costly and likely unprofitable. Investors for Paris Compliance says demand for LNG in Europe dropped by 18 per cent between 2022 and 2024, and Canadian exports would have a hard time competing in Asian markets. A report …
New Report Casts Doubt on Revival of Quebec LNG Project Read More »
(Reuters) – If there is a law of unintended consequences, then a good example is how commodity markets are adjusting to both the realities and the perceived threats of the tariff war launched by U.S. President Donald Trump. Trump’s trade and tariff measures have forced commodity producers, traders and buyers to re-think long-established relationships, adapt …
Canada’s Seaborne Crude Oil Shift to China Results in Unintended Consequences for Trump Read More »
Subsea 7 will transport and install flexible pipelines, umbilicals and associated subsea components for the connection of a floating production, storage and offloading vessel.
he Trump administration will halt funding of $365 million awarded during the previous administration for rooftop solar power in Puerto Rico and redirect it to fossil fuel burning plants.
Diversified Energy manages more than 64,000 wells nationwide but drills none itself. But the company’s recent Cherokee JV and western Haynesville deals give exposure to emerging plays without drilling risks.
By Akshat Rathi and Coco Liu Founded in 2009, Climeworks constructed a pilot plant in Iceland in 2021 followed by a larger version that began operations in 2024 and is still being built out. Photographer: Heida Helgadottir/Bloomberg Climeworks AG is laying off 106 people, as startups that aim to reverse global warming face a reckoning …
Climeworks Is Cutting 22% of Staff as US Climate Backlash Hits Carbon Removal Read More »
By Laila Kearney Blackstone’s data center plans may affect TXNM acquisition approval TXNM’s sale agreement follows rising electricity demand from AI data centers New Energy Economy to scrutinize Blackstone’s handling of data centers NEW YORK, May 21 (Reuters) – Blackstone Infrastructure’s (BX.N) plans for data centers in New Mexico will be a deciding factor in …
Group That Blocked New Mexico Utility Merger Eyes Data Centers in Blackstone Deal Read More »
By Georgina Mccartney and Nicole Jao HOUSTON, May 21 (Reuters) – U.S. crude and fuel inventories posted surprise stock builds last week, the Energy Information Administration said on Wednesday, as crude imports hit a six-week high and gasoline, distillate demand slipped. Crude inventories rose by 1.3 million barrels to 443.2 million barrels in the week …
US Crude, Fuel Stocks Up as Crude Imports Rise, Product Demand Slips, EIA Says Read More »
By Svea Herbst-Bayliss and David French Phillips shareholders elect two of activist investor’s nominees Oil refiner also sees two of its nominated directors elected Analysts say vote means some change but no big mandate for transformation Elliott had never had a US based proxy fight go to a vote NEW YORK, May 21 (Reuters) – …
Elliott Wins Two Seats, Phillips 66 Retains Two Seats in Hotly Contested Board Fight Read More »
