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(Reuters) – Exxon Mobil CEO Darren Woods told analysts on Friday that the company has the technology that would be needed to produce higher cost barrels from Venezuela. While he had previously called the South American country “uninvestable” in remarks earlier this month at a White House meeting that later drew a rebuke from President …
Exxon Says It Has The Technology Needed for Venezuela’s High-Cost Crude Read More »
By Naureen S Malik and Ari Natter As many as 151 million Americans are at high risk of power shortfalls — or outright blackouts — over the next five years because of extreme weather, natural gas system vulnerabilities and soaring electricity demand, according to a report by the grid reliability regulator. Areas deemed at high …
Half of Americans at High Risk of Power Shortfalls Amid AI Boom Read More »
By Gavin Maguire LITTLETON, Colorado, Jan 30 (Reuters) – While North America and Europe scramble to build the data centers needed to run 21st-century businesses, many emerging markets remain anchored to 20th-century products like steel, cement and plastics for job creation and economic growth. That divergence is splitting energy transition trajectories, too. In the U.S. …
COMMENTARY: Old-Economy Demands May Stall Emerging Market Decarbonization – Maguire Read More »
By Ron Bousso LONDON, Jan 30 (Reuters) – Oil prices remain stuck in a narrow band even after soaring 15% in January, partly on fears of a fresh U.S. strike on Iran. Tough talk on either side is unlikely to push crude prices much higher, given today’s well-supplied market. What would be needed is big-time …
Summary Chevron evaluates investment opportunities in Venezuela amid geopolitical changes Q4 profits exceed estimates despite lower crude prices, focus on cost-cutting Tengiz maintenance and weather impact Q1 production, expected to recover soon HOUSTON, Jan 30 (Reuters) – Chevron’s fourth-quarter profits fell but came in ahead of estimates as it focused on cutting costs and making its …
Chevron Beats Q4 Profit Estimate, Eyes Venezuela Investment Opportunities Read More »
Summary Freeport LNG shutdown impacts global gas prices US gas futures rise, European prices fall on Freeport news Freeport’s Train 3 shut due to compressor issue No comment from Freeport LNG officials NEW YORK, Jan 30 (Reuters) – Freeport LNG’s export plant in Texas was on track to take in more natural gas on Friday …
Freeport LNG in Texas to Take in More Gas After Thursday Shutdown, LSEG Data Shows Read More »
Summary Exxon Mobil reports Q4 adjusted EPS $1.71 vs estimate of $1.68 Exxon achieves highest annual upstream production in 40+ years Exxon plans $20 billion share buyback through 2026 HOUSTON, Jan 30 (Reuters) – Exxon Mobil beat Wall Street targets in fourth-quarter earnings reported on Friday, with higher oil production in profitable Permian Basin and Guyana …
Exxon Beats Wall Street Q4 Target as Permian, Guyana Fields Take Output to 40-Year High Read More »
(Reuters) – Petrochemicals maker LyondellBasell on Friday posted a surprise loss for the fourth quarter and said it aims to save $1.3 billion by the end of 2026, as it continues to keep a tight lid on costs amid volatility in feedstock and energy prices. LyondellBasell’s shares, however, rose 1.5% in premarket trading as the …
LyondellBasell Targets $1.3 Billion in Cost Savings After Surprise Quarterly Loss Read More »
U.S. President Donald Trump on Thursday signed an executive order declaring a national emergency and establishing a process to impose tariffs on goods from countries that sell or otherwise provide oil to Cuba, the White House said.
(Reuters) – The largest U.S. electric grid on Thursday operated near record levels for demand amid frigid temperatures as weather forecasters predicted another Arctic blast over the weekend. The PJM Interconnection, which manages the flow of electricity for 67 million people in 13 Midwest and Mid-Atlantic states and Washington, D.C., reported electric demand at about …
Demand at Largest US Electric Grid Hovers Near Winter Record Read More »
