Conventional Energy

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Oil Futures, Options Trade at Record Levels in Q2 as Investors Navigate Volatility

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

(Reuters) – Total oil futures and options lots traded on the Intercontinental Exchange (ICE) hit record highs in the second quarter, as U.S. President Donald Trump waged a trade war and geopolitical conflicts in the Middle East escalated. WHY IT’S IMPORTANT Significant volatility in the second quarter had global benchmark Brent crude futures dropping to …

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US Net Imports of Crude Soar Last Week to Highest in a Year, EIA Says

Conventional Energy, Latest, Oil, US News / By

(Reuters) – U.S. net imports of crude oil rose to 4.6 million barrels per day (bpd), its highest since June 2024, data from the Energy Information Administration showed, as export tumbled due to a narrow spread between U.S. West Texas Intermediate crude and Brent. Net imports rose by 2.94 million bpd in the week to …

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US Crude and Gasoline Inventories Rise on Lower Exports, Demand, EIA Says

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

(Reuters) – U.S. crude oil and gasoline inventories rose unexpectedly last week as both exports and demand fell sharply, the Energy Information Administration (EIA) said on Wednesday. Crude inventories rose by 3.8 million barrels to 419 million barrels in the week ending June 27, the EIA said, compared with analysts’ expectations in a Reuters poll …

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Oil and Gas Activity Contracted Slightly in Second Quarter 2025, Dallas Fed Survey

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

(Reuters) – Activity in the U.S. oil and gas sector in Texas, Louisiana and New Mexico contracted slightly in the second quarter of 2025, the Dallas Fed survey showed on Wednesday, as firms grappled with a jump in steel tariffs. The decrease comes after U.S. President Donald Trump, who has encouraged U.S. producers to “drill, …

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Is OPEC’s Supply Surge a Precautionary Move or a Market-Share Grab?

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

Crude shipments from key Middle East producers reached a two-year high in June. By Julian Lee Oil producers in the Middle East boosted crude shipments by 1 million barrels a day last month. But don’t worry: They say they’re not embarking on another free-for-all like the one we witnessed just before the Covid-19 pandemic crushed demand. The …

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US LNG Exports Fall in June Due to Plant Maintenance

Conventional Energy, Latest, LNG, US News / By

U.S. liquefied natural gas exports fell to their second lowest monthly level for the year in June, as maintenance work at some of the country’s largest export facilities hurt output, according to preliminary data from financial firm LSEG. The United States, the world’s top exporter of LNG, sold 8.4 million metric tons of the superchilled …

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US Diesel Demand in April Stronger Than Expected Despite Tariffs

Conventional Energy, Diesel Fuel, Energy Topics & Technology, Latest, US News / By

Bloomberg News US diesel demand, a closely watched measure of the country’s economic health, was higher in April than early weekly estimates, the Energy Information Administration said in its monthly report. Distillate fuel oil demand was 3.88 million barrels a day in April, according to the agency’s latest Petroleum Supply Monthly report released Monday. That is 4.7% higher than early estimates published …

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Major Canadian Oil Site Vents Most Gas Since 2021 Due to Wildfire

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

Major Canadian Oil Site Vents Most Gas Since 2021 Due to Wildfire Cenovus Energy Inc.’s Christina Lake oil-sands site vented 151,511 cubic feet a day of natural gas into the atmosphere in May, the most in over four years, due to an emergency shutdown caused by a wildfire. The shutdown was prompted by a wildfire …

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Boom-and-Bust Oil Puts Houston at Center of Real Estate Crisis

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

President Donald Trump is championing a revival of American fossil fuels with calls to “drill baby drill.” But in the US energy capital, a pullback in the industry has already left its mark. Houston office buildings once packed with oil executives, engineers and energy traders are now marked by darkened floors and fewer desks. A wave of …

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