Conventional Energy

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Europe’s Gas Storage is Draining, But Prices Reflect No Urgency: Bousso

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

(Reuters) – Europe’s vast natural gas storage network is set to exit winter at its lowest level in years, yet market prices indicate a complacency starkly at odds with the enormous challenge traders face in refilling inventories. Replenishing underground storage has become a central feature of Europe’s gas market – and by extension, the international …

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Citi Expects Oil Prices to Stay Elevated Despite Oversupply Risks

Conventional Energy, Latest, Oil, US News / By

Citi said on Wednesday that oil prices may stay elevated due to rising geopolitical risks, U.S. restrictions on Russian oil purchases and continued Chinese buying, even as markets entered the year expecting a large oversupply. “Further geopolitical escalation can lift prices to our 0-3m target of $70 a barrel,” the bank said in a note. …

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US Refiners Poised for Higher Q4 Profit, Venezuela in Focus

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

By Nicole Jao NEW YORK, Jan 22 (Reuters) – Top U.S. oil refiners are expected to post stronger fourth-quarter profits as product margins spurred by the ongoing Russia-Ukraine war boosted earnings, energy analysts said. Fuel makers have reaped unexpected profits this year, after from record levels in 2022, a year when a recovery in demand …

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US Handing Over Seized Tanker to Venezuela, Officials Say

Conventional Energy, Latest, Oil, US News / By

WASHINGTON, Jan 28 (Reuters) – The United States is handing over a tanker to Venezuela that it seized this month, two U.S. officials told Reuters on Wednesday, the first known instance in which President Donald Trump’s administration has returned such a tanker. The United States has been carrying out a months-long effort to seize oil …

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US LNG Plants Imported Cargoes During Winter Storm as Natural Gas Prices Hit Records

Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, LNG, Natural Gas, US News / By

By Scott Disavino and Curtis Williams BP and Shell imported LNG from Trinidad amid U.S. winter storm Spot gas prices hit all-time highs due to increased demand and frozen wells Elba Island and Cove Point received unusual LNG imports for high-price opportunity HOUSTON/NEW YORK, Jan 28 (Reuters) – Several liquefied natural gas companies took the …

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Kuwait Readies $7 Billion Pipeline Deal as Gulf Turns to Foreign Capital

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

(Reuters) – Gulf governments are stepping up infrastructure deals with foreign investors, with Kuwait set to launch an oil pipeline network stake sale as soon as February in a deal that could raise up to $7 billion, three sources with knowledge of the matter said. The shift comes as oil prices, down more than 25% …

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NY Regulators Oppose Filings for Williams’ Proposed PA-NY Constitution Natgas Pipeline

Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Pipelines, US News / By

(Reuters) – New York’s environmental regulator said on Wednesday that it filed with federal energy regulators to oppose Williams Cos-led Constitution Pipeline’s bid to revive a permit to build the proposed, previously canceled natural gas pipeline from Pennsylvania to New York. Constitution recently petitioned the U.S. Federal Energy Regulatory Commission to reissue a Certificate of …

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US Crude Production Recovers After Winter Storm Ravages Output

Conventional Energy, Latest, Oil, US News / By

By Georgina McCartney HOUSTON, Jan 28 – U.S. crude oil producers were bringing wells back online on Wednesday following a severe winter storm that swept across the country over the weekend, straining energy infrastructure and power grids. Domestic crude output is now estimated to be down around 600,000 barrels per day, roughly 4% of total …

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US Natural Gas Falls as Production Returns, Contract Expires

Conventional Energy, Latest, Natural Gas, US News / By

By Julian Hast US natural gas declined in thin trading on Wednesday as some gas production came back into service after being knocked offline by a powerful winter storm that sparked a record-shattering rally. February futures contract dropped 6.1%, or 42 cents, to $6.531 per million British thermal units as of 10:31 a.m. in New …

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US Upstream M&A Market Rebounds in Q4, Hits $23.5 Billion, Enverus Says

Conventional Energy, Energy Topics & Technology, Latest, LNG, Mergers and Acquisitions, Natural Gas, Oil, US News / By

(Reuters) – The U.S. upstream mergers and acquisitions market regained momentum after a mid-year slowdown in the fourth quarter of 2025 reaching $23.5 ​billion in announced deals and pushing full-year activity to $65 billion, ‌analytics firm Enverus said on Wednesday. The rebound was driven by motivated buyers including refunded private equity teams, increased use of …

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