Conventional Energy

Auto Added by WPeMatico

A BLUE TSUNAMI: Democrats Take Control of Congress – What It Could Mean for America’s Energy Future and the Revival of Keystone XL

  EnergyNow Media | November 4, 2026 | U.S. Energy Policy Analysis President Trump’s energy dominance agenda faces a major political challenge after Democrats win both chambers of Congress. With oil and natural gas production, LNG exports, permitting reform and pipeline expansion at stake, the next two years could reshape America’s energy investment outlook. The …

A BLUE TSUNAMI: Democrats Take Control of Congress – What It Could Mean for America’s Energy Future and the Revival of Keystone XL Read More »

US Billionaire Leads Swap Plan to Buy Lukoil’s Overseas Assets, Sources Say

Summary Bank working for consortium has bought billions of dollars of Lukoil securities, two sources say Lukoil’s international portfolio initially valued at $22 billion Sale process has dragged on for over a year (Reuters) – A consortium led by US billionaire Todd Boehly is preparing a ​securities swap to acquire sanctioned Russian oil major Lukoil’s …

US Billionaire Leads Swap Plan to Buy Lukoil’s Overseas Assets, Sources Say Read More »

Oil Prices Fall as Democrats Seize Control of U.S. Congress and Uncertainty Grows Over Iran Conflict – WTI Below $95, Brent Near $102

EnergyNow Morning Oil Price Report Report Date & Time: November 4, 2026 – 5:29 a.m. MST – Using Trading View Prices See Up-To-Date Prices Here Summary WTI crude is approximately US$94.91 per barrel, down US$1.18, or 1.23%, from Tuesday’s official settlement of US$96.09. Oil is moving lower as investors assess the implications of the U.S. …

Oil Prices Fall as Democrats Seize Control of U.S. Congress and Uncertainty Grows Over Iran Conflict – WTI Below $95, Brent Near $102 Read More »

Venezuela’s Oil Exports Unchanged Amid Stagnant Output, High Freight Rates, Data Shows

(Reuters) – Venezuela’s oil exports were little changed at 1.08 million barrels per day in October as stagnant crude production and high freight rates continued to curb demand for many South American grades, according to shipping data seen by Reuters on Tuesday. The country’s oil output and exports have rebounded this year to near pre-sanctions …

Venezuela’s Oil Exports Unchanged Amid Stagnant Output, High Freight Rates, Data Shows Read More »

Oil Services Firms Face Major Cost Pressure From Iran Crisis, Execs Say

(Reuters) – The Iran conflict is causing the oil services industry to increase its cost assessment for projects due to rising shipment, fuel and security costs, which are affecting its Middle Eastern contract performance, executives said at a conference in Abu Dhabi on Tuesday. The Iran war, now in its ninth month, has damaged infrastructure …

Oil Services Firms Face Major Cost Pressure From Iran Crisis, Execs Say Read More »

Qatar’s US LNG Bet Signals a New Energy Order: Bousso

(Reuters) – Turning to your biggest rival is rarely a sign of confidence. Yet Qatar’s decision to sign long-term contracts for US supplies suggests the world’s second-largest LNG exporter is increasingly concerned that instability in the Gulf could undermine its ambitious expansion plans. QatarEnergy last week signed a 20-year agreement to buy 3 million metric …

Qatar’s US LNG Bet Signals a New Energy Order: Bousso Read More »

Aramco Exploring Expansion of East-West Pipeline That Avoids Hormuz

(Reuters) – Saudi state oil giant Aramco is exploring the expansion of a crude pipeline that circumvents the Strait of Hormuz as the world continues to experience the biggest energy supply shock in history, CEO Amin Nasser said on Tuesday. The effective blockade of the chokepoint, previously a conduit for 20% of global oil supplies, …

Aramco Exploring Expansion of East-West Pipeline That Avoids Hormuz Read More »

OPEC+ CONFIRMS December Oil Production Freeze as Producers Turn Attention to Critical 2027 Strategy

Energy producers maintain output targets amid Middle East supply disruptions, market uncertainty and upcoming negotiations over future production quotas. By EnergyNow Media OPEC+ has confirmed it will maintain existing oil production targets through December 2026, following a November 1 meeting that saw seven major oil-producing nations agree to hold output levels steady while preparing for …

OPEC+ CONFIRMS December Oil Production Freeze as Producers Turn Attention to Critical 2027 Strategy Read More »

REFINERY PURCHASE: CVR Energy to Buy Two Marathon Refineries, Marketing Business for $4.2 billion

(Reuters) – US refiner CVR Energy said on Tuesday ‌it would buy two refineries and the marketing business from Marathon Petroleum for about $4.2 billion, nearly ​doubling its refining capacity. Marathon shares rose ​2.2% in premarket trading, while CVR slid ⁠1.3%. The deal includes Marathon’s St. Paul Park ​refinery in Minnesota and Mandan refinery in …

REFINERY PURCHASE: CVR Energy to Buy Two Marathon Refineries, Marketing Business for $4.2 billion Read More »

U.S. MIDTERM MADNESS: Oil Prices Rebound as U.S. Strikes Iran’s Qeshm Island, Renewing Middle East Supply Fears – WTI Near $98, Brent Above $106

EnergyNow Morning Oil Price Report Report Date & Time: November 3, 2026  – Using Trading View Prices See Up-To-Date Prices Here Summary WTI crude is moving higher, with the latest independently verified quotation at US$98.06 per barrel, up US$1.60, or 1.66%, from Monday’s official settlement of US$96.46. Oil is recovering following Monday’s dramatic selloff. Brent …

U.S. MIDTERM MADNESS: Oil Prices Rebound as U.S. Strikes Iran’s Qeshm Island, Renewing Middle East Supply Fears – WTI Near $98, Brent Above $106 Read More »