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Marathon Petroleum Profit Beats as Margins Rebound From Multi-Year Lows

Conventional Energy, Latest, Oil, US News / By

Feb 3 (Reuters) – Marathon Petroleum  reported fourth-quarter profit above Wall Street estimate on Tuesday, as a 44% jump in refining margins underscored stronger operational performance after a prolonged downturn in 2024. Shares of the country’s top refiner gained nearly 7% in premarket trading. U.S. fuel maker margins have begun to rebound from multi-year lows …

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Kimmeridge Comments on Proposed Merger of Coterra and Devon

Energy Topics & Technology, Latest, Mergers and Acquisitions, Press Releases / By

NEW YORK, Feb. 2, 2026 /PRNewswire/ — Kimmeridge Energy Management Company, LLC, a private investment firm focused on the energy sector, today issued the following statement in response to an announced definitive agreement for Coterra Energy (NYSE: CTRA) and Devon Energy (NYSE: DVN) to merge in an all-stock transaction. Mark Viviano, Managing Partner at Kimmeridge, …

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US Crude Oil Production Nears Full Recovery After Storm Hit Output

Conventional Energy, Latest, Oil, US News / By

(Reuters) – Crude oil producers in the United States continued bringing oil wells back online on Monday, with only around 0.7% of national output still halted in the aftermath of a winter storm that ravaged production last month. Some 100,000 barrels per day of crude output remained shut, according to consultancy Energy Aspects, with outages …

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A $47 bln Deal Heralds US Oil Boom’s Middle Age

Conventional Energy, Latest, Oil, US News / By

By Robert Cyran NEW YORK, Feb 2 (Reuters Breakingviews) – The United States’ transformation into the world’s biggest oil producer has been dramatic. It is also mostly over. Thanks to a combination of declining prime acreage and modest market prices for oil, the name of the game for the producers who turned American shale patches …

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Winter Freeze Cut US LNG Output in January; Imports From Trinidad Helped Fill Gap

Conventional Energy, Latest, LNG, US News / By

(Reuters) – Exports of liquefied natural gas from the U.S. fell in January to 11.3 million metric tonnes – down from December’s record of 11.5 MT – as a winter freeze late in the month shuttered some plants and lowered output at others, preliminary data from financial firm LSEG show. Gas flows into U.S. LNG …

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US Dropping 25% Separate Tariff on Indian Imports After Pledge to Cut Russian Oil, White House Says

Conventional Energy, Latest, Oil, US News / By

(Reuters) – The Trump administration is dropping a 25% additional tariffs imposed on Indian imports over its purchases of Russian oil, in addition to lowering a country-specific tariff to 18% from 25%, a White House official said on Monday. “We are also dropping the 25% tariff given India’s agreement to stop buying Russian oil,” the …

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Trump Cuts India Tariffs in Deal He Links to Russian Oil

Conventional Energy, Latest, Oil, US News / By

By Skylar Woodhouse and Shruti Srivastava President Donald Trump said he will slash tariffs on India to 18% after Prime Minister Narendra Modi agreed to stop buying Russian oil, easing tensions between the two countries. Trump said Monday on social media that, following a phone call with Modi, he will lower his tariff on Indian …

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The $3 Trillion AI Data Center Build-Out Becomes All-Consuming For Debt Markets

Artificial Inteligence, Electricity Grid, Energy Topics & Technology, Latest, US News / By

Artificial intelligence already has a big footprint in stocks. Now lending for data centers is becoming a factor in bonds and credit. By Paula Seligson More than $3 trillion. That’s the ­staggering price tag to build the data centers needed to prepare for the artificial intelligence boom. Not even the world’s biggest technology companies—not Amazon.com, …

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Oil Field Vendor Nine Files Bankruptcy to Cut $320 Million Debt

Latest, Tri-Pinned, US News / By

By Dorothy Ma Nine Energy Service Inc., a Houston-based oil field vendor, filed for Chapter 11 bankruptcy on Sunday as it struggled with high leverage and a shrinking business amid a slowdown in drilling programs. The deal will see a “complete equitization” of its $320 million first-lien notes due 2028, according to . The company …

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China’s Electric Truck Boom Poses New Threat to Demand for LNG

CDN and International News, Conventional Energy, Electric Vehicles, Energy Topics & Technology, Latest, LNG / By

China’s rapid adoption of electric trucks — which overtook gas-powered vehicle sales for the first time last year — is threatening a key source of demand for the country’s suppliers of the fossil fuel. Sales of heavy-duty trucks powered by batteries and other new energy sources hit a record in December, helping lift the full-year …

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