Conventional Energy

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Oil Giant Saudi Aramco in Talks With Commonwealth LNG for Offtake Agreement, Sources Say

Conventional Energy, Latest, LNG, US News / By

(Reuters) – Oil giant Saudi Aramco is in talks with Commonwealth LNG to buy liquefied natural gas from the U.S. company’s facility in Cameron, Louisiana, as it seeks to strengthen its position in the superchilled fuel market, four people told Reuters on Wednesday. Talks are for 2 million tons per annum (mtpa), two of the …

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US Natgas Prices Fall 4% to Six-Week Low on Low Cash Prices, Ample Stockpiles

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

(Reuters) – U.S. natural gas futures fell about 4% to a six-week low on Wednesday on low cash prices, an increase in output so far this month and higher-than-normal amounts of gas in storage. That price decline occurred despite a drop in gas output in recent days and forecasts for the weather to remain hotter …

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U.S. Issues Additional Iran-Related Sanctions, Treasury Website Shows

Conventional Energy, Latest, Oil, US News / By

(Reuters) – The United States imposed sanctions on 22 companies in Hong Kong, the United Arab Emirates and Turkey on Wednesday for their roles in helping sell Iranian oil, the Treasury Department said. The oil sales benefit Iran’s Islamic Revolutionary Guard Corps’ Quds Force, Iran’s most powerful paramilitary organization, it said. The U.S. has designated …

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UAE Says Markets Thirsty for Oil Despite Boosts in OPEC+ Output

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

Summary UAE says stocks not rising despite production increases OPEC+ close to completing voluntary cut unwinding Still has 3.65 mln bpd of other cuts in place OPEC+, majors meet for biennial seminar VIENNA, July 9 (Reuters) – Markets are thirsty for oil because they are absorbing OPEC+ production increases without building inventories, United Arab Emirates …

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America’s Largest Power Grid is Struggling to Meet Demand From AI

Artificial Inteligence, Conventional Energy, Energy Topics & Technology, Latest, Natural Gas, Nuclear, US News / By

Summary Electricity bills projected to surge over 20% in PJM territory this summer PJM criticized for delaying auctions and pausing new plant applications Pennsylvania governor threatens to leave PJM if it can’t reduce costs and connect power plants faster (Reuters) – America’s largest power grid is under strain as data centers and AI chatbots consume …

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US to Produce Less Oil in 2025 Than Previously Expected Amid Declining Prices, EIA Says

Conventional Energy, Latest, Oil, US News / By

By Stephanie Kelly EIA lowers its 2025 oil production forecast to 13.37 million bpd Geopolitical tensions influence Brent crude price forecast US oil demand to rise slightly in 2025 vs 2024, EIA reports NEW YORK, July 8 (Reuters) – The U.S. will produce less oil in 2025 than previously expected as declining oil prices have …

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Texas Project to Build Four Nuclear Plants is in Talks With ‘Hyperscalers’

Conventional Energy, Latest, Nuclear, US News / By

By Timothy Gardner WASHINGTON, July 8 (Reuters) – Fermi, a Texas company looking to build four nuclear plants next to a U.S. nuclear weapons complex, said in documents revealed on Tuesday that it is talking with large data managers on leasing agreements for the project. Fermi, co-founded by Rick Perry, a former U.S. energy secretary, …

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US Issues Expedited Permit for Proposed Tennessee Coal Mine

Coal, Conventional Energy, Latest, US News / By

July 8 (Reuters) – The Trump administration said it permitted a proposed coal mine in Claiborne County, Tennessee on Tuesday under an expedited process aimed at accelerating federal environmental reviews of energy projects. In a statement, the Department of the Interior said it granted approval for Hurricane Creek Mining LLC to mine coal on Bryson …

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COMMENTARY: Saudi Plays Short and Long Game With OPEC+ Production Gamble – Bousso

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

By Ron Bousso OPEC+ to increase output target by 2.5 million bpd between April and September Saudi has large spare production while others produce at capacity Riyadh’s share of global oil production declined to 11% in 2024 from 13% LONDON, July 8 – Saudi Arabia’s drive to rapidly increase OPEC+ oil output may put Riyadh …

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Oil Prices Edge Up to Two-Week High on Lower US Output Forecast, Positive US Economic News

Conventional Energy, Latest, Oil, US News / By

By Scott Disavino US could produce less oil in 2025 than previously expected OPEC+ to raise production by 548,000 barrels per day in August Markets unsettled by uncertainty over Trump tariffs NEW YORK, July 8 (Reuters) – Oil prices edged up to a two-week high on Tuesday as positive U.S. economic news, lower U.S. oil …

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