Conventional Energy

Auto Added by WPeMatico

EU Plan to End Addiction to Russian Gas Faces Geopolitical Risks

CDN and International News, Conventional Energy, Latest, LNG, Natural Gas / By

By John Ainger Oil pumping jacks near Almetyevsk, Russia. Photographer: Bloomberg The European Union gave its strongest signal yet that it’s serious about ending five decades of reliance on Russian energy, but a challenging geopolitical environment may derail its plans. The European Commission, the bloc’s executive branch, unveiled a roadmap to finally switch off the …

EU Plan to End Addiction to Russian Gas Faces Geopolitical Risks Read More »

Trump Says with Lower Oil Prices, Putin is More Eager to Settle the Ukraine War

Conventional Energy, Latest, Oil, US News / By

Summary • Trump claims Russia, Ukraine want peace amid oil price drop • Putin proposes ceasefire for WWII victory anniversary • Trump doubts Russia’s involvement in Nord Stream attack (Reuters) – U.S. President Donald Trump said Moscow and Kyiv want to settle the war in Ukraine and that Russian President Vladimir Putin was more inclined …

Trump Says with Lower Oil Prices, Putin is More Eager to Settle the Ukraine War Read More »

Oil Price Crucial for Russia, but National Interests Come First, Kremlin Says

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

Oil prices play a crucial role in Russia’s budget and the Russian economy overall, but Russian national interests take precedence above all else, Kremlin spokesman Dmitry Peskov said on Tuesday. Peskov was commenting on remarks by U.S. President Donald Trump, who suggested that President Vladimir Putin might be more inclined to resolve the conflict in …

Oil Price Crucial for Russia, but National Interests Come First, Kremlin Says Read More »

Woodside Targets Another 20%-30% Selldown of $17.5 Billion Louisiana LNG Project

Conventional Energy, Latest, LNG, US News / By

Woodside Energy, Australia’s top natural gas producer, said on Tuesday it would seek to sell a further 20%-30% stake in Louisiana LNG, with interest growing in the $17.5 billion project since its final approval last week. Liz Westcott, chief operating officer for Australia, said the planned selldown of Woodside’s wholly owned holding company for the …

Woodside Targets Another 20%-30% Selldown of $17.5 Billion Louisiana LNG Project Read More »

Warren Buffett to Remain Berkshire Chairman but Shares Fall after Greg Abel Named CEO

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

Chairman after vice chairman Greg Abel takes over as CEO. Summary • Buffett’s decision to give up CEO job ‘a shocker’ • Buffett could serve as mentor, help in acquisitions • Stock price falls 5% though Abel’s ascension was expected (Reuters) – Warren Buffett will stay on as chairman of Berkshire Hathaway after Vice Chairman …

Warren Buffett to Remain Berkshire Chairman but Shares Fall after Greg Abel Named CEO Read More »

Saudi Arabia Can Control Oil Supply. Demand Could be its Achilles Heel: Bousso

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

 (The opinions expressed here are those of the author, a columnist for Reuters.) * Saudi-led OPEC+ to sharply increase output by June * Riyadh appears willing to enter price war * Signs that oil demand could be hit due to trade wars By Ron Bousso LONDON, May 6 – Saudi Arabia has signalled that it …

Saudi Arabia Can Control Oil Supply. Demand Could be its Achilles Heel: Bousso Read More »

Supply Issues, Compliance Costs Drive up California Fuel Prices, EIA Says

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

(Reuters) – Drivers in California pay higher prices at the pump than any other state in the country due to supply issues, costs from environmental compliance and fuel requirements, and high state taxes and fees, the U.S. Energy Information Administration said on Monday. In March, costs from Californian environmental programs such as Cap-and-Trade and the …

Supply Issues, Compliance Costs Drive up California Fuel Prices, EIA Says Read More »

US Gulf Oil Output Could Reach 2.4 Million bpd Even Amid Volatility, Industry Leaders Say

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

(Reuters) – The U.S. Gulf of Mexico can continue growing oil output even amid geopolitical volatility not seen in decades, oil and gas industry leaders said on Monday. U.S. President Donald Trump’s global tariff announcements have since last month contributed to a decline in oil prices and fears of an economic downturn, making it more …

US Gulf Oil Output Could Reach 2.4 Million bpd Even Amid Volatility, Industry Leaders Say Read More »

Power Up: OPEC+ Rolls Out the Barrels

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

By Liz Hampton (Reuters) – Hello Power Up readers! Oil futures are down more than 1% today after the Organization of the Petroleum Exporting Countries and allies decided to speed up oil output hikes. This comes after Brent shed more than 8% last week, and U.S. West Texas Intermediate (WTI) fell by 7.5% over the …

Power Up: OPEC+ Rolls Out the Barrels Read More »

Commonwealth LNG Signs 20-Year Supply Deal With Major Asian Buyer

Conventional Energy, Latest, LNG, US News / By

(Reuters) – Commonwealth LNG announced on Monday that it has signed a Sale and Purchase Agreement with a major Asian energy company. Under the 20-year agreement, the buyer will purchase 1 million tonnes per annum (mtpa) of liquefied natural gas (LNG) from Commonwealth’s planned 9.5 mtpa facility in Cameron, Louisiana, the company said. Last week, …

Commonwealth LNG Signs 20-Year Supply Deal With Major Asian Buyer Read More »

Subscribe
Subscribe