Refinery-State Senators Look to Block Trump From Shifting Renewable Fuel Obligation

Biofuels, Energy Topics & Technology, Latest, US News / By

Reuters) – Oil refinery-state lawmakers led by Senator Mike Lee, a Republican from Utah, will introduce legislation on Tuesday to block President Donald Trump from shifting renewable fuel blending obligations from small refineries to larger ones, according to draft legislation seen by Reuters. The bill reflects the politically-divisive nature of the U.S. biofuels policy, which pits the …

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Oil Rises on Modest OPEC+ Output Hike, Russia Supply Concern

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary Brent and U.S. crude rise about 1% Threat of tighter sanctions on Russian oil also underpins market China to carry on stockpiling oil in 2026, Gunvor official says (Reuters) – Oil extended gains on Tuesday, supported by the latest oil output hike from OPEC+ being smaller than anticipated, expectations that China will continue stockpiling …

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Crude Oil Sentiment Swings to Lower Prices as Bearish Factors Mount

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

(Reuters) – Sentiment in the crude oil market has shifted to expecting prices to decline, with the debate at the industry’s biggest gathering in Asia more about timing than direction. The topic of presentations and conversations at the annual APPEC conference is always dominated by the outlook for prices, and this week’s event was no …

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Cuts to US Oil Jobs and Spending Threaten Output Growth

Conventional Energy, Drilling Rigs, Energy Topics & Technology, Exploration & Production, Latest, Natural Gas, OFS-Oilfield Services, Oil, Pinned Primary, US News / By

Summary Oil and gas producers cut $2 bln in expenditure, Reuters analysis shows US oil rig counts have fallen by 69 this year Trump’s trade policies and tariffs push up material costs HOUSTON, Sept 8 (Reuters) – The U.S. oil industry has laid off thousands of workers and cut billions in spending due to lower …

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Barclays Cuts 2026 Brent Forecast on OPEC+ Supply Increase Expectations

Conventional Energy, Latest, Oil, US News / By

(Reuters) – Barclays on Monday lowered its Brent crude oil price forecast for 2026 by $4 to $66 a barrel, citing expectations that OPEC+ will fully unwind voluntary production cuts by September next year. The bank said OPEC+’s weekend decision to raise October production targets by 137,000 barrels per day (bpd) was “the group initiating …

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Oil Set to Fall Below $60 Into Next Year, FGE’s Fesharaki Says

Conventional Energy, Latest, Oil, US News / By

By Haslinda Amin The decision by OPEC+ to once again raise production may have been more modest than expected, but oil prices could still tumble below $60 a barrel into the end of the year and the start of 2026, FGE NexantECA Chairman Emeritus Fereidun Fesharaki said on Bloomberg Television. The Organization of the Petroleum …

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China Is Cranking Up Its LNG Trade With Russia in Test For Trump

Conventional Energy, Latest, LNG, US News / By

By Stephen Stapczynski China appears to be setting up a system to import regular cargoes of liquefied natural gas from a Russian project sanctioned by the US, a move that will test the Trump administration’s willingness to penalize Beijing in its efforts to curb Moscow’s energy revenue. Having taken the first-ever overseas export from the …

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