Conventional Energy

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US Supreme Court to Hear Enbridge’s Venue Challenge to Michigan’s Pipeline Case

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

The U.S. Supreme Court agreed on Monday to hear Enbridge’s bid to change the venue of Michigan’s lawsuit seeking to force the Canadian pipeline operator to stop operating a pipeline underneath the Straits of Mackinac, waterways linking two of the Great Lakes, over environmental concerns. The justices took up Enbridge’s appeal of a lower court’s ruling …

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US Natgas Prices Slide Over 6% on Mild Weather, Lower Demand

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

U.S. natural gas futures fell more than 6% on Monday, pressured by mild weather that kept heating and cooling demand subdued, allowing for larger-than-usual storage injections. The front-month gas futures for August delivery on the New York Mercantile Exchange (NYMEX) were down 25.3 cents, or 6.8% to $3.49 per million British thermal units (mmBtu) by …

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US Crude Oil Output Hit Record in April, EIA Data Shows

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

U.S. crude oil production hit a record 13.47 million barrels-per-day in April, up from 13.45 million bpd in March, according to data released by the Energy Information Administration as part of its Petroleum Supply Monthly series. The EIA had previously estimated U.S. oil output at 13.49 million bpd in March. Total U.S. petroleum product supplied, …

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Hedge Funds Sell Energy Stocks as Oil Slumps, Says Goldman Sachs

Conventional Energy, Latest, Oil, US News / By

Hedge funds sold energy stocks last week at the fastest pace since September 2024 and at the second-quickest clip in the last 10 years, as oil prices fell on easing Middle East tensions, a Goldman Sachs note seen by Reuters on Monday showed. Crude prices tumbled over $10 last week following a cease-fire between Israel …

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Larger Deals Power Global M&A in H1, Bankers Signal Appetite for Megadeals

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

Mergers and acquisitions during the first half of this year were not what investment bankers had hoped for, but a burst of big deals in Asia and renewed optimism in U.S. markets could be paving the way for megadeals. Market uncertainties stemming from U.S. President Donald Trump’s trade war, high interest rates and broader geopolitical …

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US Energy Firms Eye New Northeast Natgas Pipelines, Buoyed by Trump and Demand Outlook

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

U.S. energy companies are eying renewed opportunities to build natural gas pipelines to tap in to Appalachia shale formations in Pennsylvania, Ohio and West Virginia, buoyed by U.S. President Donald Trump’s pro-energy policies and expectations that demand for the fuel will rise in coming years. The U.S. is already the world’s top gas producer and …

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World Shares Hover Near Record Highs as US-Canada Trade Talks Revived

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

World shares held just below recent record highs on Monday as the revival of U.S./Canada trade talks helped risk sentiment, while the dollar dipped on the prospect of this week’s U.S. jobs data ushering in an earlier Fed rate cut. Canada on Sunday said it had rescinded its digital services tax in a bid to …

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Japan Auto Trade ‘Unfair’, Could Buy More US Oil, Trump Tells Fox News

Conventional Energy, Latest, Oil, US News / By

Japan engages in “unfair” automobile trade with the United States and should increase its imports of U.S. energy resources and other goods to help reduce the U.S. trade deficit, President Donald Trump said in an interview broadcast on Sunday. Tokyo is scrambling to find ways to get Washington to exempt Japan’s automakers from 25% automobile …

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Mideast War Highlights Egypt’s Energy Weak Spot: Bousso

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

(The opinions expressed here are those of the author, a columnist for Reuters) *Israel halted gas exports to Egypt after start of war with Iran *Exports were resumed on June 23, but highlight Egypt’s gas supply challenges *Egypt gas production declined sharply in recent years, unlikely to recover soon By Ron Bousso LONDON, June 30 …

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DRILL “NOT” BABY DRILL: US Oil and Gas Rig Count Falls for Fourth Month to Oct 2021 Low, Baker Hughes Says

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

(Reuters) – U.S. energy firms cut the number of oil and natural gas rigs operating for a fourth month in a row to the lowest since October 2021, 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 …

DRILL “NOT” BABY DRILL: US Oil and Gas Rig Count Falls for Fourth Month to Oct 2021 Low, Baker Hughes Says Read More »

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