Conventional Energy

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PERSPECTIVE: How Trump’s Energy Dominance Turned into a Major Liability: Bousso

Conventional Energy, Latest, Oil, US News / By

  When Donald Trump returned to the White House in 2025, “energy dominance” was the bedrock of his economic and foreign policy plans. But an unpopular war with Iran and soaring household fuel costs have now made energy policy a major liability for the US president heading into next month’s midterm elections. Ironically, it was …

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Oil Surges to Six-Month Highs as Middle East Attacks Intensify

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EnergyNow Friday Oil Price Report Report Date & Time: October 23, 2026 – 3:01 p.m. MDT – Using Trading View Contract References and Official Settlement Prices See Up-To-Date Prices Here Summary WTI crude settled Friday at US$103.27 per barrel, up US$3.80, or 3.82%, from Thursday’s US$99.47 settlement. Compared with last Friday’s December-contract settlement of US$99.02, …

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Top LNG Exporter QatarEnergy in Talks to Buy US LNG From Woodside’s Louisiana Plant

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(Reuters) – QatarEnergy is in talks with Woodside Energy to buy up to 3 million metric tons of liquefied natural gas per annum (mtpa) from its Louisiana LNG plant under construction, three people with knowledge of the negotiations told Reuters. If a final agreement is reached, the long-term deal could see QatarEnergy buying LNG from …

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Potential Escalation Between Iran and United States Would Only Have Losers, Says France

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

(Reuters) – France’s foreign minister said on Friday that any renewed escalation between Iran and the United States would only have losers and raise oil prices. “A further escalation between Iran and the United States would leave no winners and would likely have very serious consequences for hydrocarbon prices,” Jean-Noel Barrot told reporters in Istanbul …

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US Refiner Valero Posts Record Quarterly Profit as Supply Disruptions Boost Margins

Conventional Energy, Diesel Fuel, Energy Topics & Technology, Gasoline, Latest, LNG, Natural Gas, Oil, Refineries, US News / By

By Nicole Jao and Vallari Srivastava Adjusted profit reaches record $23.90 per share, up 553% from a year earlier Refining margin per barrel nearly triples to $39.24 in third quarter Valero plans fourth-quarter refinery runs at 96% to 99% ​of capacity NEW YORK, Oct 22 (Reuters) – Refiner Valero Energy (VLO.N) kicked off earnings ‌season …

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Ship Attacks in Strait of Hormuz Hit Record High in October

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

By Nerijus Adomaitis At least 28 confirmed strikes on ships in October, data shows About 3.5% of supertanker fleet hit, Reuters calculations based on IMO data show Not all attacks may be captured in reported data, UKMTO says OSLO, Oct 23 (Reuters) – October has ​been the worst month for attacks on commercial shipping in …

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BP, Louisiana Agree to Resolve Deepwater Horizon Disputes

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Offshore, Oil, US News / By

Oct 23 (Reuters) – BP (BP.L) and the ​US state ‌of Louisiana on Friday ​agreed ​to resolve two ⁠long-running disputes ​tied to ​the 2010 Deepwater Horizon oil ​spill, ​including a single early ‌payment ⁠of about $350 million and the ​settlement ​of ⁠remaining coastal ​zone lawsuits ​involving ⁠the company. Reporting by ⁠Ankita ​Bora ​in Bengaluru; Editing …

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Chevron Uses Permian Playbook to Breathe Life Into Argentina’s ‘Dead Cow’ Oil Region

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

By Sheila Dang Chevron aims to accelerate goal of tripling its Argentina production Company plans second drilling rig in June next year and third by early 2029 ‘Vaca Muerta’ output has never reached full potential NEUQUEN, Argentina, Oct 23 (Reuters) – In a windy, remote oilfield in Argentina, Chevron (CVX.N) is bringing in US workers, …

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Oil Stocks Are Looking Stretched to Traders as Earnings Loom

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

By Monique Mulima A pumpjack operates near a drill rig in the Permian Basin near Midland, Texas.Photographer: Daniel Acker/Bloomberg Shares of oil and gas companies are rallying this year, powered by windfall profit growth as the war in the Middle East pushes crude prices higher. Yet, their momentum has Wall Street traders expecting a pullback. …

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Oil Spill Off UAE Coast Prompts Beach Closures, Cleanup Effort

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

(Reuters) – The United Arab Emirates said efforts were under way on Friday to contain oil leaking from a tanker vessel offshore that prompted authorities to close beaches and warn fishermen to avoid the area. Since the start of the US-Israeli war with Iran, attacks on commercial vessels in Gulf shipping lanes have driven up …

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