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(Reuters) – California government officials are trying to find a buyer for Valero Energy’s Benicia refinery near San Francisco, three sources familiar with the matter said, an unusual effort as the clock ticks down on the company’s planned closure of the facility in April. The rare attempt by a state government to broker the sale …
(Reuters) – U.S. crude oil and gasoline inventories fell last week, buoyed by stronger demand and exports, while distillate stockpiles rose, the U.S. Energy Information Administration (EIA) said on Wednesday. Crude inventories fell by 3.2 million barrels to 419 million barrels in the week ended July 18, the EIA said, double analysts’ expectations in a …
US Crude, Gasoline Stockpiles Fall, Distillates Build, EIA Says Read More »
(Reuters) – U.S. shale producer Continental Resources has dropped a lawsuit it filed against rival Hess Corp in May, which alleged it was defrauded out of up to $69 million through a series of deals the well operator conducted with its subsidiaries. Continental said that Hess, which operates hundreds of wells in North Dakota, artificially …
US Oil Producer Continental Resources Drops Fraud Lawsuit Against Rival Hess Read More »
(Reuters) – U.S. utilization of refinery operable capacity rose to 95.5% last week, the highest since June 2023, data from the U.S. Energy Information Administration showed on Wednesday. Refinery utilization in the U.S. Gulf Coast region rose in the week ended July 18 to 96.1%, a one-year high, the data showed. Reporting by Shariq Khan …
US Refinery Utilization Hits to Highest in Over Two Years, EIA Says Read More »
By Vallari Srivastava July 16 (Reuters) – Kinder Morgan (KMI.N) posted a 24% rise in second-quarter profit on Wednesday, as higher volumes of natural gas were transported through its pipelines and demand for the company’s infrastructure rose. Pipeline operators such as Kinder Morgan are benefiting from an increase in demand for natgas, primarily driven by …
Kinder Morgan Quarterly Profit Jumps on Strong Natgas Demand Read More »
By Arathy Somasekhar US crude stockpiles fall, gasoline and distillates build US gasoline demand eases during peak driving season OPEC bullish on oil demand outlook HOUSTON, July 16 (Reuters) – Oil prices settled marginally lower on Wednesday as U.S. fuel inventory builds and concerns about wider economic impact from U.S. tariffs outweighed some signs of …
Oil Settles Down; Build in US Fuel Inventories Offsets Signs Demand Growing Read More »
By Francesca Landini MILAN, July 16 (Reuters) – Venture Global (VG.N) will supply 2 million metric tons a year of liquefied natural gas to Italian state-controlled energy group Eni (ENI.MI), the two companies said on Wednesday. The deal is Eni’s first long-term contract for LNG coming from the United States after Italian prime minister Giorgia …
Venture Global Signs 20-Year Contract to Supply LNG to Italy’s Eni Read More »
By Stephen Nellis SAN FRANCISCO, July 16 (Reuters) – Microsoft and a U.S. national laboratory on Wednesday said they are partnering to examine how artificial intelligence could be used to speed up the process of compiling the documents needed to secure permits for new nuclear power plants. Microsoft (MSFT.O) and the Idaho National Laboratory (INL) …
Microsoft, US National Lab Tap AI to Speed Up Nuclear Power Permitting Process Read More »
By Stephanie Kelly Crude inventories drop by 3.9 mln bbls, surpassing forecast Brent and US crude futures extend losses after EIA report Crude exports rise to 3.5 mln bpd, EIA reports CHICAGO, July 16 – U.S. crude oil stockpiles fell last week as exports rose, while gasoline and distillate inventories rose, prompting some concerns about …
US Crude Stockpiles Fall as Exports Rise; Fuel Demand Drops, EIA Says Read More »
(July 16 – Reuters) – Giant shovels, driverless trucks and a dog-like robot have all helped Canada’s oil sands companies including Imperial Oil and Suncor become some of North America’s lowest-cost oil producers, driving down overheads even as the worst inflation in a generation pushed U.S. shale costs up. As the global oil industry enters …
How Canada’s Oil Sands Transformed Into One of North America’s Lowest-Cost Plays Read More »
