Conventional Energy

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US Natgas Prices Steady As Near-Record Output Offsets Near-Record Heat

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

(Reuters) – U.S. natural gas futures held steady on Friday as near-record output and lagging flows to liquefied natural gas export plants offset forecasts for near-record heat early next week. That heat should cause power generators to burn more gas to meet soaring air conditioning demand, which will likely stress regional power systems. Front-month gas …

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COMMENTARY: A Mid-Year Check-Up on Global Energy Transition Progress – Maguire

CDN and International News, Coal, Conventional Energy, Electricity Grid, Energy Topics & Technology, Hydro, Latest, Natural Gas, Nuclear, Oil, Renewable Energy, Solar, Wind / By

By Gavin Maguire LITTLETON, Colorado, July 24 (Reuters) – Global utilities generated a record amount of clean electricity while cutting output from fossil fuels during the opening half of 2025, thereby maintaining the momentum of international efforts to cut back on fossil fuel use in energy production. However, energy transition progress was more varied at …

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OPEC+ Panel Likely to Keep Oil Policy Steady on Monday, Sources Say

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

By Ahmad Ghaddar, Alex Lawler and Olesya Astakhova LONDON/MOSCOW, July 24 (Reuters) – An OPEC+ panel is unlikely to alter existing plans to raise oil output when it meets on Monday, four OPEC+ delegates said, noting the producer group is keen to recover market share while summer demand is helping to absorb the extra barrels. …

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US Gulf Refiners Seek MidEast, S.American Oil to Offset Venezuela, Mexico Losses

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

(Reuters) – U.S. Gulf Coast refiners are snapping up higher volumes of Middle Eastern and South American crudes to offset the loss of Venezuelan and Mexican barrels, according to ship tracking data, a workaround solution that might be short-lived if the U.S. allows some sanctioned Venezuelan crude to return to the market. The shake-up in …

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Trump Unlikely to Enforce Tariff Threat on Russian Oil

Conventional Energy, Latest, Oil, US News / By

(Reuters) – U.S. President Donald Trump is unlikely to follow through on his threat to place 100% tariffs on countries that buy Russian oil because it would worsen politically-damaging inflation pressures and his similar threat against buyers of Venezuelan oil has had limited success, especially in China. Trump said this month he would put 100% …

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TotalEnergies Sees Tough Oil Market Outlook as Debts Mount

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

Takeaways by Bloomberg AI TotalEnergies SE reported a 29% increase in net debt to $25.9 billion and a 23% decline in adjusted net income to $3.58 billion. The company said the oil market is being hurt by slower economic growth and an abundant supply, with Total’s Chief Executive Patrick Pouyanne citing an “unstable geopolitical and …

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Oil Gains as Trade Talk Optimism Offsets Potential Higher Venezuelan Supply

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

Summary Brent, WTI up 0.4% after 1% gain in previous session EU says trade deal with US within reach US prepares to allow limited oil operations in Venezuela, sources say Investors brace for data week next SINGAPORE, July 25 (Reuters) – Oil prices rose on Friday as trade talk optimism supported the outlook for both …

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Chevron Tells Hess Staff to Focus on Safety as They Await Job Updates

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Mergers and Acquisitions, Oil, Pinned Primary, US News / By

(Reuters) – Chevron  leaders told Hess employees to stay focused on safe operations and that they will hear next week if they will continue to have jobs following the oil producer’s acquisition, according to two Hess employees who spoke with Reuters. Chevron, the second-largest U.S. oil producer, closed its $55 billion acquisition of Hess on Friday after prevailing …

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US Prepares to Allow Limited Oil Operations in Venezuela, Starting with Chevron,

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

Summary Companies US policy shift from pressure strategy on Venezuela’s oil sector Chevron’s and a handful of US licenses revoked this year Some PDVSA partners could be allowed to pay contractors, make imports and swaps Conditions aimed to deny profits to Maduro’s govt HOUSTON/WASHINGTON, July 24 (Reuters) – The United States is preparing to grant …

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US Gas Producer CNX Resources Boosts 2025 Output Estimate Without Extra Spending

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

(Reuters) – U.S. energy firm CNX Resources said in its second quarter earnings that it plans to produce more natural gas this year than previously expected to meet growing demand while spending the same amount of money. Earlier this week, two other big U.S. gas producers, EQT and Range Resources, both said in their second …

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