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(Reuters) – A federal judge on Friday will consider whether to allow Dominion Energy to resume construction on its $11.2 billion Virginia offshore wind project in a lawsuit against the Trump administration over its suspension of the venture. The hearing in U.S. District Court for the Eastern District of Virginia will be the third time …
Summary Benchmark prices hit multi-month highs this week Significant price volatility remains likely, say BMI analysts Underlying balance still points to ample supply, says Phillip Nova analyst (Reuters) – Oil prices rose slightly on Friday as supply risks remained in focus despite the receding likelihood of a U.S. military strike against Iran. Brent crude gained …
Oil Prices Edge Higher as Supply Risks Remain in Focus Read More »
U.S. Energy Secretary Chris Wright said on Thursday the U.S. is getting a 30% higher price for Venezuelan crude oil than Venezuela got before U.S. special forces captured President Nicolas Maduro earlier this month. “We’re getting about a 30% higher realized price when we sell the same barrel of oil than they sold the same …
Devon Energy and Coterra Energy are exploring a potential merger, in a deal that could create one of the largest independent U.S. shale producers, people familiar with the matter said. A possible combination, which would rank among the largest between U.S. energy producers in recent years, comes as U.S. crude prices remain pressured by a …
US Shale Producers Devon Energy and Coterra Energy in Merger Talks, Sources Say Read More »
By David Wethe, Annmarie Hordern, and Jonathan Ferro Shale billionaire Harold Hamm said oil companies need guarantees that their assets won’t someday be seized by Venezuela if they help revive the nation’s crude production. “There is a lot of geopolitical risk in Venezuela. Exxon had been there twice and been nationalized, ” Hamm said in …
Oil Producers Need Guarantees to Work in Venezuela, Trump Ally Hamm Says Read More »
By Jack Wittels Weak oil prices are making it harder for the shipping industry to decarbonize, according to the president of commodities giant Cargill Inc.’s freight-trading business. With a chartered fleet of more than 600 ships, Cargill has been at the forefront of the shipping industry’s efforts to cut carbon. Now, it’s hiring five new …
Cargill Shipping Boss Says Low Oil Makes It Harder to Cut Carbon Read More »
By Ron Bousso LONDON, Jan 15 (Reuters) – Simultaneous geopolitical flare‑ups in Venezuela, Iran and the Black Sea have pushed oil prices to a three‑month high, creating a treacherous environment for investors even as a large supply glut still looms over the market. Brent crude opened the year at $61 a barrel before slipping below …
COMMENTARY: Oil Traders Wrestle With Geopolitical Trifecta and Elusive Glut Read More »
By Gavin Maguire LITTLETON, Colorado, Jan 15 (Reuters) – Despite all the policy whiplash – or perhaps because of it – the U.S. energy system has started 2026 with more buzz and momentum than seen in decades. At home, electricity production is growing far faster than in most western peers, which is allowing utilities to …
COMMENTARY: Key US Energy, Power Trends at Home and on World Markets Read More »
President Donald Trump said on Wednesday that he believes it would be better for Venezuela to remain in the Organization of the Petroleum Exporting Countries, or OPEC, but added he was unsure if that would be a better situation for the United States. “Well, I think it’s better for them if they do it,” Trump …
Venezuelan crude oil was being offered this week to U.S. Gulf Coast refiners at a premium to competing Canadian barrels, two traders said. Venezuelan Merey-16 oil was offered for U.S. Gulf Coast delivery at a discount of around $6 to Brent crude futures earlier this week, a trader said, while West Canadian Select at Houston …
