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U.S. crude stocks, gasoline and distillate inventories rose last week, the Energy Information Administration (EIA) said on Wednesday. Crude inventories rose by 1.2 million barrels to 455.9 million barrels in the week ended May 31, the EIA said, compared with analysts’ expectations in a Reuters poll for a 2.3 million-barrel draw. Crude stocks at the …
U.S. Crude Ctocks, Gasoline and Distillate Inventories Rise – EI Read More »
Dive into Close The Divide, a compelling documentary now streaming on Apple TV, Amazon Prime, and YouTube Movies. This film masterfully explores the pressing issues of climate change amidst the global energy crisis, making it a must-watch for anyone involved in …
Policy charted in US capital weighs on spending, Sawan says Sawan touts LNG as flexible option to meet industrial demand Shell Plc’s chief executive officer used a trip to Washington to deliver a plea for stability months before a US presidential election that threatens more upheaval in the global energy sector. Wael Sawan’s remarks during …
Shell CEO Warns of Risk From Volatile Policy in DC Visit Read More »
WASHINGTON, June 4 (Reuters) – President Joe Biden’s administration is asking big technology companies to invest in new climate-friendly power generation to cover their surging demand, U.S. Energy Secretary Jennifer Granholm told Reuters. The talks come as a surprising surge in electricity demand has been driven by the adoption of technologies like generative artificial intelligence that require …
Power-Hungry Data Centers Spur U.S. Talks With Big Tech, Energy Chief Granholm Says Read More »
An open letter asserts that the pipeline project involved a “campaign of violence” against the Wet’suwet’en people Bloomberg News Some Indigenous leaders in Canada are asking investors not to buy bonds issued by a natural gas pipeline company that’s marketing the country’s largest-ever corporate debt deal. Hereditary Chiefs of the Wet’suwet’en First Nation said investors should shun the …
Indigenous Group Urges Boycott of Canadian Coastal GasLink Bond Deal Read More »
The U.S. could hasten the rate of replenishing the Strategic Petroleum Reserve as maintenance on the stockpile is completed by the end of the year, Energy Secretary Jennifer Granholm told Reuters on Tuesday. Granholm said she believes the global oil market is well-supplied and that she does not expect a big increase in oil and …
U.S. Could Boost Rate of Replenishing Oil Reserve, Energy Secretary Granholm Says Read More »
TC Energy shareholders voted in favour of spinning off the Canadian company’s liquids pipeline business on Tuesday, creating a new energy infrastructure firm known as South Bow Corp whose assets include the Keystone oil pipeline. The spin-off will help Calgary-based TC lower its high debt load and focus on moving natural gas. South Bow’s assets …
TC Energy Shareholders Vote to Spin off North American Oil Pipeline Business Read More »
Oil futures prices have fallen to the lowest level for four months and calendar spreads have slumped after OPEC+ ministers signalled their intention to start increasing production from the fourth quarter of 2024. Front-month Brent futures closed at $78 per barrel on June 3, the first day of trading following the OPEC+ ministerial meeting on …
OPEC+ Switches Strategy to Defend Market Share: Kemp Read More »
O&G mergers are good for America because they increase domestic production, which makes oil cheaper and increases our national security. Government should get out of the way immediately. By Alex Epstein Myth: Oil and gas mergers are bad for America because they make oil more expensive. Truth: Oil and gas mergers are good for America …
COMMENTARY: Why Government Should Leave Oil and Gas Mergers Alone – Alex Epstein Read More »
The U.S. is buying another 3 million barrels of oil for the country’s Strategic Petroleum Reserve, the Department of Energy said on Monday, as it slowly replenishes the stockpile after the largest sale ever in 2022. The oil, which is for delivery to the SPR in November, is being purchased at an average price of …
U.S. Buys 3 Million Barrels of Oil for Strategic Petroleum Reserve Read More »
