Conventional Energy

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US Natgas Prices Jump 10% On Lower Output, Higher Demand and Technical Buying

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

(Reuters) – U.S. natural gas futures soared about 10% on Tuesday on a decline in daily output, forecasts for more demand next week, long-term forecasts for a hotter-than-normal summer and what some analysts called a technical bounce. Gas prices fell about 7% and closed below the 200-day moving average on Monday, which some analysts said …

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Stronger US Hurricane Season Could Mean More Oil Supply Outages

Conventional Energy, Latest, Oil, US News / By

(Reuters) – An expected stronger hurricane season than average raises the risk of weather-related production outages in the U.S. oil industry, the U.S. Energy Information Administration said on Tuesday. WHY IT MATTERS A large portion of U.S. oil production and the bulk of the country’s refineries are in areas prone to hurricanes along the U.S. …

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US Shale to Plateau if Oil Stays in Current Range, ConocoPhillips CEO Says

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

U.S. shale oil output will flatten out if prices remain where they are now and will start to decline with prices in the $50s per barrel, the CEO of ConocoPhillips said on Tuesday in the latest prediction that oil’s slump could curb U.S. supply. The comments from Conoco CEO Ryan Lance come as forecasters including …

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AI Power Demand is Generating Hallucinations

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

(Reuters Breakingviews) – A sprawling global network of silicon has sprung up to power artificial intelligence. Housed within data centers, these chips demand vast sums of electricity to crunch the numbers behind the likes of ChatGPT. Yet both technology giants and energy utilities are incentivized to pad projections for how many of these facilities need …

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Oil Steadies as Market Assesses US-Iran Talks, Demand Signals

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

(Reuters) – Oil prices steadied on Tuesday due to uncertainty in U.S.-Iran negotiations and Russia-Ukraine peace talks, while new government data delivered a cautious outlook for top crude-importer China’s economy. Brent futures for July slipped 7 cents, or 0.1%, to $64.75 a barrel by 0947 GMT. June U.S. West Texas Intermediate crude futures , which …

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US DOE to Begin Issuing Orders for Pending LNG Export Permits

Conventional Energy, Latest, LNG, US News / By

The U.S. Department of Energy will begin approving or rejecting pending applications for permits for liquefied natural gas exports to countries without any free trade agreement with the U.S., the agency said on Monday, after releasing a final study on the impact of further exports. In 2024, U.S. President Joe Biden’s administration paused such approvals …

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US Natgas Futures Fall 7% to 3-Week Low on Rising Output, Spot Waha Prices Turn Negative

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

U.S. natural gas futures fell about 7% to a three-week low on Monday on a small increase in output over the last few days even though pipeline maintenance curtailed some gas flows from the Permian Basin in West Texas. That pipeline work in Texas trapped some gas in the Permian shale and caused spot prices …

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Gas Power Is Cheaper to Buy Than Build in the US

Conventional Energy, Electricity Grid, Energy Topics & Technology, Latest, Natural Gas / By

Companies are adding capacity at comparative bargains to satisfy AI’s thirst for energy. If there was any lingering doubt about whether gas-fired generation plants are the hottest targets in the US power system, the recent flurry of deals likely extinguished it. NRG Energy Inc. grabbed attention May 12 by agreeing to pay $12 billion, including debt, …

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TotalEnergies Signs Deal to Buy LNG from Project in Canada

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

TotalEnergies SE reached a 20-year deal to buy liquefied natural gas from an export terminal being developed in Western Canada, bolstering the French energy major’s global portfolio of the fuel. The agreement calls for Total to purchase 2 million metric tons a year from the Ksi Lisims project in British Columbia, proposed by Western LNG, according …

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Goldman Remains Cautious on Oil Prices as Higher Iranian Supply Prospects Weigh

Conventional Energy, Latest, Oil, US News / By

Goldman Sachs said on Sunday it is retaining a cautious outlook on oil prices, as pressure from likely elevated Iranian supply and higher OECD commercial inventories will offset support from stronger global GDP growth. “We are maintaining our Brent/WTI oil price forecasts of $60/56 ($4 below the forwards) for the remainder of 2025 and $56/52 …

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