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(Reuters) – Chevron’s planned $7 billion investment in Venezuela will come entirely from cash generated by the U.S. oil major’s three existing joint ventures in the country, not new outside capital, CEO Mike Wirth said on Friday. “We’ll live entirely within the means of those ventures’ ability to generate cash, not bring in cash from …
(Reuters) – Chevron CEO Mike Wirth said on Friday that oil buffers that limited crude price increases earlier in the Iran war have been depleted, and the conflict could lift prices further over the next few months. Since the war began in late February, countries have released some crude stockpiles to the market, and the …
Chevron CEO Says Depleted Crude Oil Buffers Could Lead to Higher Prices Read More »
U.S. energy firms added rigs this week for the first time in four weeks, energy services firm Baker Hughes said in its report on Friday. The total oil and gas rig count, an early indicator of future output, rose by three to 591 in the week to September 11, its highest since mid-August. Baker …
US Energy Firms Add Rigs for First Time in Four Weeks, Baker Hughes Says Read More »
(Reuters) – Norway’s energy ministry said on Friday it has received applications from 21 oil and gas companies seeking exploration acreage in the government’s annual mature-areas (APA) licensing round. The number of companies rose by one from last year’s APA round, as Shell made a comeback after being absent in 2025, the list of applicants …
Norway Oil and Gas Exploration Round Attracts Bids From 21 Firms, Including Shell Read More »
(Reuters) – Saudi Arabia’s crude supply fell 2.3 million barrels per day on the month to 6 million bpd in August, the lowest level in more than three decades, the International Energy Agency said on Friday, citing attacks on Saudi energy facilities. The drop follows the targeting by groups linked to Yemen’s Houthis of ships …
Saudi Oil Supply Hits More Than Three-Decade Low After Houthi Attacks, IEA Says Read More »
(Reuters) – Banks including Goldman Sachs, Bank of America, and Commerzbank raised their Brent price forecasts this week, as persistent disruptions to Middle East shipping tightened oil markets and drove crude prices to multi-week highs. Commerzbank on Friday raised its year-end Brent oil price forecast to $85 per barrel from its previous forecast of $75/bbl. …
Banks Hike Oil Price Forecasts on Prolonged Gulf Disruptions Read More »
(Reuters) – Republican lawmakers plan to bring legislation to the House floor next week that seeks to rein in electricity bill increases tied to data center expansion, a spokesperson for Speaker Mike Johnson said on Thursday. The plan to hold a vote on the bipartisan Ratepayer Protection Act before the midterm elections was first …
US House to Take Up Bill Aimed at Curbing Data Center-Driven Electricity Costs Read More »
The U.S. national average price of diesel surpassed $6 a gallon for the first time ever on Thursday, according to price tracker GasBuddy, as the U.S.-Iran war and Ukrainian attacks on Russia’s refineries have squeezed supply. The record comes as oil futures have climbed back above $100 a barrel on the intensification of conflict …
By Robert Tuttle Canadian oil sands producers now have what’s needed policy-wise from the federal government to raise production enough to fill major new oil pipeline capacity, the country’s energy minister says. The government on Wednesday revealed plans to remove federal environmental reviews of energy projects, including oil and gas pipelines, natural gas plants and …
Oil Sands Now Has Policies Needed to Boost Output, Canada Says Read More »
TOKYO, Sept 10 (Reuters) – Global cumulative investment in clean hydrogen projects has topped $130 billion as governments increasingly view the fuel as a tool for energy security and industrial growth alongside decarbonisation, the Hydrogen Council said on Thursday. The investment in more than 570 committed projects supports about 6.9 million metric tons per year …
