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Summary Maduro could offer a portion of oil cargoes currently sold to China Washington and Caracas could also engage in negotiations to restore US energy licenses New phase of action against Venezuela puts more pressure on Maduro (Reuters) – Venezuelan President Nicolas Maduro has the flexibility and the incentive to offer crude oil cargoes, which …
What Could Maduro Offer Trump in Potential Talks? Oil! Read More »
Revenue from energy production on U.S. public lands and waters fell 11% in the latest fiscal year to $14.61 billion, the Interior Department said on Monday, citing lower prices for commodities like oil. WHY IT’S IMPORTANT The total was the lowest since 2021, the first year of the administration of U.S. President Joe Biden, but …
US Funds From Federal Energy Production Slid 11% in 2025 Read More »
Nov 24 (Reuters) – The U.S. Federal Energy Regulatory Commission, or FERC, said on Monday it has granted a five-year extension to complete construction of Sempra’s (SRE.N) Cameron LNG export facility in Louisiana and place it into service. In October, Cameron LNG had filed an extension request for five years (until March 16, 2033) to …
FERC Grants Five-Year Extension to Sempra’s Cameron LNG Project in Louisiana Read More »
By Nicole Jao BP excavates over 200 feet of pipeline to locate leak source Major airlines add refueling stops to flights amid pipeline shutdown Delta Air Lines and Alaska Airlines use tanker trucks to supplement fuel NEW YORK, Nov 24 (Reuters) – BP’s (BP.L) Olympic Pipeline system remained offline on Monday as the oil major …
BP’s Olympic Pipeline Shutdown Hits Airlines’ Fuel Supply Read More »
By Sing Yee Ong Spot freight rates for liquefied natural gas tankers extended a surge as record-breaking exports from North America tied up more vessels. The cost to hire a ship transporting LNG from the US to Europe jumped by about 12% on Friday to $130,750 a day, the highest since December 2023, according to …
LNG Freight Rates Extend Rally on Strong North American Exports Read More »
(Reuters) – JPMorgan forecast on Monday Brent crude at $57 a barrel and West Texas Intermediate (WTI) at $53 in 2027, while keeping its 2026 estimates unchanged at $58 and $54 respectively. Brent crude futures were trading around $62.54 a barrel as of 1434 GMT, while U.S. West Texas Intermediate crude was trading at $58.08. …
JPMorgan Projects Brent Crude at $57 a Barrel, WTI at $53 in 2027 Read More »
(Reuters) – U.S. Energy Information Administration: Says although natural gas generation still provides more electricity than any other source in california, electricity generation from natural gas has decreased over the past several years while generation from solar has increased Reports solar generation by utility-scale power plants in california totaled 40.3 billion kilowatthours (bkwh) in the …
Natural Gas Use For Electricity Falls In California As Solar Output Rises, EIA Says Read More »
Four Democratic U.S. senators said on Monday lax enforcement by the Trump administration of sanctions on Russia’s Arctic LNG 2 export terminal allows China to buy discounted liquefied natural gas and helps Moscow to fund the war against Ukraine. The lawmakers, including Senator Elizabeth Warren, urged the Trump administration in September to resume targeted sanctions …
US Senators say Trump Has Failed to Prevent Russian LNG from Helping Fund War in Ukraine Read More »
NextDecade Corp said on Monday it has started the U.S. regulatory pre-filing process to add a sixth liquefaction unit and an extra marine berth at its Rio Grande liquefied natural gas project in Texas, with a full application expected in 2026. The U.S. LNG sector has been rapidly expanding after President Donald Trump lifted the …
NextDecade Begins Pre-Filing Process to Expand Rio Grande LNG Project Read More »
Reuters The United States is poised to launch a new phase of Venezuela-related operations in the coming days, four U.S. officials told Reuters, as the Trump administration escalates pressure on President Nicolas Maduro’s government. Reuters was not able to establish the exact timing or scope of the new operations, nor whether U.S. President Donald Trump …
US to Launch New Phase of Venezuela Operations, Oil Operations at Risk – Sources Say Read More »
