Conventional Energy

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QatarEnergy Halts LNG Production After Military Attacks on Facilities

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

QatarEnergy has stopped production of liquefied natural gas (LNG) and related products following military attacks on its operating facilities in Ras Laffan Industrial City and Mesaieed Industrial City, the company said on Monday. The state-owned energy firm did not provide details on the extent of the damage or how long the suspension would last. QatarEnergy …

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Venture Global’s Quarterly Core Profit Nearly Triples on Higher LNG Sales Volumes

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

Venture Global said on Monday its adjusted core profit nearly tripled in the fourth quarter, due to higher LNG sales volumes at the Plaquemines Project in Louisiana, sending its shares up nearly 9% in premarket trading. In 2025, the U.S. became the first country to export more than 100 million metric tons (mmt) of liquefied …

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Forget OPEC+ Output Hike – Duration of Hormuz Disruption is What Matters

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

Clyde Russell (Reuters) – The OPEC+ decision to lift crude oil output by 206,000 barrels per day (bpd) from April is probably the least consequential decision the group has made in nearly a decade of existence. Adding about 0.2% of global oil demand to supply a month from now is little more than a symbolic …

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South Bow Plan to Revive Parts of Keystone XL Needs Trump Approval, US Oil Pipeline Links

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

  Summary South Bow’s plan to revive KXL needs additional links in US Proposal leverages existing infrastructure in Canada Environmental, Indigenous opposition likely for South Bow’s pipeline expansion (Reuters) – A proposal led by Canadian company South Bow to revive parts of the cancelled Keystone XL oil pipeline could increase Canada’s crude exports to the U.S. …

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US Gasoline Prices to Rise After Attack on Iran, Analysts Warn

Conventional Energy, Energy Topics & Technology, Gasoline, Latest, Oil / By

(Reuters) – U.S. average retail gasoline prices are set to break above $3 a gallon on Monday for the first time in more than three months as the conflict between the United States and major oil producer Iran interrupts global oil flows, analysts said. That’s potentially a major risk for President Donald Trump and his Republican Party …

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Key Things to Know About the US-Israel Conflict With Tehran

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

Takeaways by Bloomberg AI The US reported the first Americans killed in a war with Iran as each side pledged escalating strikes in the days ahead. Iran’s retaliation has spread across the region in the wake of massive missile attacks that killed Supreme Leader Ayatollah Ali Khamenei and other senior officials. Oil and other markets …

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Berkshire CEO Abel Seeks to Reassure Shareholders After Taking Baton From Buffett

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  Abel emphasizes trust, Berkshire values Analysts say Abel struck the right tone Berkshire reports declining profit for Q4, 2025 (Reuters) – Berkshire Hathaway’s  new Chief Executive Greg Abel moved to put his stamp on the conglomerate with his first annual letter to shareholders on Saturday, pledging to maintain its “fortress-like” balance sheet and uphold the …

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OPEC+ Agrees to Modest Oil Output Boost Even as US War on Iran Disrupts Shipments

Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC / By

Summary OPEC+ agrees to raise output by 206,000 bpd US attacks on Iran kill Khamenei, Gulf oil flows disrupted Saudi Arabia and UAE have already raised exports, sources say OPEC has little spare production capacity, analysts say Hormuz needs to reopen for oil to reach markets, analysts say (Reuters) – OPEC+ agreed a modest oil …

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Three Tankers Damaged in Gulf as US-Iran Conflict Escalates

Conventional Energy, Latest, Oil, US News / By

At least three tankers were damaged off the Gulf coast after U.S. and Israeli strikes on Iran triggered Iranian retaliation that put merchant ships at risk of collateral damage, shipping sources and officials said on Sunday. Risks to commercial shipping have surged in the past 24 hours, with more than 200 vessels including oil and …

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US Not Planning to Tap Strategic Reserve as Iran War Risks Oil Surge, FT Says

Conventional Energy, Latest, Oil, US News / By

The U.S. is not considering releasing oil from its strategic petroleum reserve in the aftermath of strikes on Iran, the Financial Times reported on Saturday, citing a Department of Energy official familiar with the matter.There have been “no discussions at all about the SPR,” the official told the FT, when questioned about steps the Trump …

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