Conventional Energy

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US Takes Step to Solidify Rules on Nuclear Fusion Energy

Conventional Energy, Latest, Nuclear, US News / By

  Summary Companies Fusion backers hope to generate power in 2030s Technology would produce nuclear power without long-lived radioactive waste US regulator publishes draft rule on fusion energy WASHINGTON, Feb 26 (Reuters) – Fusion energy, an emerging technology that backers hope will one day generate electricity without producing long-lived radioactive waste, got a path toward …

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OIL IN 2026 – Analysts Hike Oil Outlook on Geopolitical Risks, Oversupply Concerns Limit Upside

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

Summary Brent projected to average $63.85 per barrel in 2026 WTI projected to average $60.38 per barrel in 2026 For table of crude price forecasts, click (Reuters) – Supply risks from ongoing geopolitical tensions have prompted analysts to raise their oil price forecasts for the year, despite concerns that an oversupply will continue to weigh …

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Oil Prices Rise 2% as US and Iran Extend Talks into Next Week

Conventional Energy, Latest, Oil, Pinned Primary, US News / By

Summary US-Iran talks end with no deal but signs of progress Technical discussions scheduled for Vienna next week OPEC+ to consider oil output increase for April, sources say Oil prices rose more than $1 on Friday as traders remained on alert for potential supply disruptions after the United States and Iran extended nuclear talks. Brent …

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Judge Says He Will Order Greenpeace to Pay an Expected $345 Million in Dakota Access Oil Pipeline Protest Case

Conventional Energy, Energy Topics & Technology, Environment, Latest, Oil, Pipelines, Tri-Pinned, US News / By

By Jack Dura Leaders and attorneys for several Greenpeace entities listen to a reporter’s question after a jury’s verdict at the Morton County Courthouse in Mandan, N.D., Wednesday, March 19, 2025. (AP Photo/Jack Dura) BISMARCK, N.D. (AP) — A North Dakota judge has said he will order Greenpeace to pay damages expected to total $345 …

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Venezuela Suspends 19 Oil, Gas Production-Sharing Contracts Signed Under Maduro Government, Sources Say

CDN and International News, Conventional Energy, Latest, Oil / By

Venezuela’s oil ministry has suspended 19 oil production-sharing contracts with private companies signed under the administration of President Nicolas Maduro, four sources with knowledge of the move told Reuters on Thursday. The suspension has had no impact on the country’s oil and gas output so far, the sources said. State oil giant PDVSA is selling …

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Judge Says He Will Order Greenpeace to Pay an Expected $345 Million in Oil Pipeline Protest Case

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

By Jack Dura Leaders and attorneys for several Greenpeace entities listen to a reporter’s question after a jury’s verdict at the Morton County Courthouse in Mandan, N.D., Wednesday, March 19, 2025. (AP Photo/Jack Dura) BISMARCK, N.D. (AP) — A North Dakota judge has said he will order Greenpeace to pay damages expected to total $345 …

Judge Says He Will Order Greenpeace to Pay an Expected $345 Million in Oil Pipeline Protest Case Read More »

Geopolitical Turmoil Gives OPEC+ Cover for Cautious Output Hike

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

Ron Bousso LONDON, Feb 26 (Reuters) – OPEC+ meets on Sunday to set its next production move amid heightened geopolitical friction affecting nearly a third of its output. That volatility may give the group cover to stick to its balanced-market narrative, even if the facts on the ground suggest otherwise. The group, which comprises the Organization of …

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What’s at Stake for Oil If Iran-US Tensions Escalate

Conventional Energy, Latest, Oil, US News / By

By Weilun Soon, Serene Cheong, and Nicholas Lua Iran’s main oil export terminal at Kharg Island in the Persian Gulf. Photographer: Fatemeh Bahrami/Getty Images/Anadolu Rising tensions between the US and Iran have already driven oil prices to a six-month high. Oil traders are watching for any escalation that could disrupt crude production in Iran or …

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Slowing US Shale Growth Has Fracking Companies Finding New Markets Abroad

Conventional Energy, Energy Topics & Technology, Fracking, Latest, Natural Gas, Oil, Shale, US News / By

By Emma Sanchez A Tenaris frack set in the Vaca Muerta formation in Argentina, one of the world’s largest shale gas reservoirs. Source: Tenaris US fracking companies are increasingly sending their idle equipment overseas, finding new markets abroad as growth slows in the shale fields of Texas, New Mexico and elsewhere. Over the past two …

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OPEC+ to Consider 137,000 bpd Oil Output Increase for April, Sources Say

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

(Reuters) – OPEC+ is likely to consider raising its oil output by 137,000 barrels per day for April, three sources with knowledge of OPEC+ thinking said as the group prepares for peak summer demand and a price boost from tensions between the U.S. and OPEC member Iran. The resumption of output increases after a three-month …

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