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(Reuters) – JPMorgan forecast on Monday Brent crude at $57 a barrel and West Texas Intermediate (WTI) at $53 in 2027, while keeping its 2026 estimates unchanged at $58 and $54 respectively. Brent crude futures were trading around $62.54 a barrel as of 1434 GMT, while U.S. West Texas Intermediate crude was trading at $58.08. …
JPMorgan Projects Brent Crude at $57 a Barrel, WTI at $53 in 2027 Read More »
(Reuters) – U.S. Energy Information Administration: Says although natural gas generation still provides more electricity than any other source in california, electricity generation from natural gas has decreased over the past several years while generation from solar has increased Reports solar generation by utility-scale power plants in california totaled 40.3 billion kilowatthours (bkwh) in the …
Natural Gas Use For Electricity Falls In California As Solar Output Rises, EIA Says Read More »
Four Democratic U.S. senators said on Monday lax enforcement by the Trump administration of sanctions on Russia’s Arctic LNG 2 export terminal allows China to buy discounted liquefied natural gas and helps Moscow to fund the war against Ukraine. The lawmakers, including Senator Elizabeth Warren, urged the Trump administration in September to resume targeted sanctions …
US Senators say Trump Has Failed to Prevent Russian LNG from Helping Fund War in Ukraine Read More »
NextDecade Corp said on Monday it has started the U.S. regulatory pre-filing process to add a sixth liquefaction unit and an extra marine berth at its Rio Grande liquefied natural gas project in Texas, with a full application expected in 2026. The U.S. LNG sector has been rapidly expanding after President Donald Trump lifted the …
NextDecade Begins Pre-Filing Process to Expand Rio Grande LNG Project Read More »
Clyde Russell Summary (Reuters) – The weak statement that omitted any mention of fossil fuels was probably the best outcome that could have been realistically expected of the COP30 climate summit. It was always going to be a tall order to put nearly 200 countries with massively different perspectives together and deliver a strong statement …
COMMENTARY: Limp COP30 Deal Matters Little in Renewables vs Fossil Battle Read More »
Reuters The United States is poised to launch a new phase of Venezuela-related operations in the coming days, four U.S. officials told Reuters, as the Trump administration escalates pressure on President Nicolas Maduro’s government. Reuters was not able to establish the exact timing or scope of the new operations, nor whether U.S. President Donald Trump …
US to Launch New Phase of Venezuela Operations, Oil Operations at Risk – Sources Say Read More »
Baytex Energy announced the sale of its U.S. shale operations for $3.25 billion last week By Meghan Potkins Original: financialpost.com/news/us-oil-companies-energy-investors-canada-deals A flurry of recent deals in the Canadian oilpatch that caught the interest of U.S. producers and private capital is fuelling speculation about a revival of foreign investment in Canada’s perennially unloved energy sector. Calgary-based …
U.S. Oil Companies, Energy Investors ‘Looking at Canada Again’ Amid Flurry of Deals Read More »
(Reuters) – U.S. natural gas futures climbed about 2% to a one-week high on Friday with flows to liquefied natural gas export plants back near record highs on the expected return to full service of Freeport LNG’s plant in Texas and on a planned jump in demand in two weeks with the coming of some …
US Natgas Futures Up 2% on Near-Record LNG Flows and Cold December Forecast Read More »
Summary Russia-Ukraine peace deal could boost global crude supply Stronger dollar weighs on oil prices US sanctions on Lukoil and Rosneft to take effect on Friday (Reuters) – Oil prices eased about 1% on Friday to settle at one-month lows as the U.S. pushed for a Russia-Ukraine peace deal that could boost global oil supplies, …
Oil Prices Settle Down at Lowest in a Month as US Seeks Russia-Ukraine Peace Deal Read More »
(Reuters) – U.S. energy firms this week added oil and natural gas rigs for a third week in a row for the first time since September, 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, rose by five to …
US Drillers Add Oil and Gas Rigs for Third Week in a Row, Says Baker Hughes Read More »
