Summary Analysts trim 2024 Brent forecast for fourth straight month OPEC cut its forecast for 2024 global oil demand growth Aug 30 (Reuters) – Analysts have lowered their 2024 oil price outlook due to weak fuel demand from leading importer China and rising inventory levels as Saudi Arabia and OPEC+ allies prepare to ease some …
Oil Prices Face Pressure From Slow China Demand and Inventory Rise Read More »
The Public Utility Commission of Texas selected 17 projects, seeking $5.38 billion in government funding, to advance in a new program aimed at spurring the development of gas-fired power plants, the regulators said on Thursday. The Lone Star State, whose power grid has been plagued with bouts of prolonged blackouts, established the Texas Energy Fund …
Texas Narrows Gas Plant Projects Vying for $5.4 Billion in Funding Read More »
Kinder Morgan’s challenge to ONEOK over Bakken NGL could upset the market’s balance.
(Reuters) – Oil prices steadied on Friday on track for a weekly gain as Libyan output disruptions and Iraqi plans to curb production raised supply concerns, while data showing the U.S. economy grew faster than initial estimates eased recession fears. Still, signs of weakened demand, particularly in China, limited gains. Brent crude futures for October delivery …
Donald Trump would rescind many of President Joe Biden’s clean energy rules while also speeding approvals of power plants to meet the nation’s rising electricity demands, the Republican’s presidential campaign said on Thursday. Should he win the Nov. 5 election, Trump would axe clean energy regulations of Biden and his opponent, Vice President Kamala Harris, …
Trump Would Axe Biden Clean Power Rules, Speed Power Plant Approvals, Campaign Says Read More »
McKinsey & Co. analysis shows that lagging FIDs, inadequate supply chains, difficulties scaling technologies and profitability are holding back progress on net-zero goals.
This transaction follows a July deal by Rising Phoenix Royalties for a non-operated working interests in the Denver-Julesburg (D-J) Basin.
Shell is selling its Sinco pipeline system and Colex terminal assets that have been historically integrated with the Deer Park Refinery, which Shell sold to Pemex in 2022.
Mexico Pacific and Korea’s POSCO International Corp. signed a 20-year sales and purchase agreement for the Asian company to acquire 0.7 mtpa of LNG from the proposed the Saguaro Energía LNG facility on Mexico’s Pacific Coast.
ONEOK’s latest deals to acquire controlling interest in midstream companies EnLink and Medallion are considered “neutral” for the company’s credit rating.
