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The U.S. May Reimpose Sanctions On Venezuela

The U.S. May Reimpose Sanctions On Venezuela

The U.S. recently lifted sanctions…

Oil Falls Below $80 On Mixed Data From China

Oil Falls Below $80 On Mixed Data From China

Oil prices have nearly erased…

News

Venezuelan Oil Exports Fall, Politics Threatens Sanctions Relief

Venezuelan Oil Exports Fall, Politics Threatens Sanctions Relief

Nov 02, 2023 at 13:16 | Charles Kennedy

Following a six-month easing of sanctions by Washington on Venezuelan oil, the country’s oil exports fell for October, and signs of political interference are now threatening to reverse…

U.S. Coal Exports To Europe Soar Despite Energy Transition

U.S. Coal Exports To Europe Soar Despite Energy Transition

Nov 02, 2023 at 13:07 | Charles Kennedy

In the 12 months since the European Union sanctioned Russian coal in the third-quarter of 2022, U.S. coal exports to Europe have increased 22%, adding 5.7 million short…

Russia’s Lukoil To Double Oil Output At Iraqi Field West Qurna 2 To 800,000 Bpd

Russia’s Lukoil To Double Oil Output At Iraqi Field West Qurna 2 To 800,000 Bpd

Nov 02, 2023 at 11:21 | Charles Kennedy

Lukoil has extended its development and production contract for Iraq’s West Qurna 2 oilfield, aiming to gradually double oil output to 800,000 barrels per day (bpd), the Russian oil company 

Exxon Completes $4.9 Billion Denbury Acquisition

Exxon Completes $4.9 Billion Denbury Acquisition

Nov 02, 2023 at 10:06 | Charles Kennedy

ExxonMobil said on Thursday it had completed the acquisition of carbon solutions provider Denbury in an all-stock transaction valued at $4.9 billion, which makes the U.S. supermajor the holder…

Chevron Negotiates 15-Year LNG Supply Deals With European Buyers

Chevron Negotiates 15-Year LNG Supply Deals With European Buyers

Nov 02, 2023 at 09:21 | Charles Kennedy

U.S. supermajor Chevron is in talks to supply LNG to Europe in deals of up to 15 years as European buyers have moved from spot and short-term supply…

ConocoPhillips Raises Dividend As It Beats Q3 Profit Estimates

ConocoPhillips Raises Dividend As It Beats Q3 Profit Estimates

Nov 02, 2023 at 08:46 | Tsvetana Paraskova

ConocoPhillips (NYSE: COP) raised its quarterly dividend by 14% as record oil and gas production resulted in higher-than-expected earnings for the third quarter.   ConocoPhillips

Lower Natural Gas Prices Drag Cheniere’s Revenue Down In Q3

Lower Natural Gas Prices Drag Cheniere’s Revenue Down In Q3

Nov 02, 2023 at 07:55 | Tsvetana Paraskova

Lower natural gas prices and lower sales sent Cheniere Energy’s (NYSEAMERICAN: LNG) revenue falling by 53% in the third quarter of the year, the top…

Shell Ramps Up Buybacks After Reporting $6.2 Billion Profit In Q3

Shell Ramps Up Buybacks After Reporting $6.2 Billion Profit In Q3

Nov 02, 2023 at 06:46 | Tsvetana Paraskova

Shell (NYSE: SHEL) accelerated the pace of its share repurchase program after posting earnings of $6.2 billion for the third quarter on the back of…

OPEC Oil Production Remains Relatively Flat In October

OPEC Oil Production Remains Relatively Flat In October

Nov 02, 2023 at 04:54 | Irina Slav

OPEC’s crude oil production last month remained relatively unchanged from September as modest gains among African member states were offset by lower output elsewhere, a survey

Department Of Energy Delays Launch Of New LNG Export Terminal

Department Of Energy Delays Launch Of New LNG Export Terminal

Nov 02, 2023 at 04:07 | Charles Kennedy

The U.S. Department of Energy has delayed a new LNG export project led by New Fortress Energy by asking it to resubmit an application for an export permit.…

Australia’s Treasurer Calls For More Investment In Its Energy Transition

Australia’s Treasurer Calls For More Investment In Its Energy Transition

Nov 02, 2023 at 03:20 | Charles Kennedy

Australia’s Treasurer has called for a boost of investment in the energy transition, saying that his next budget will have a focus on transition investments. “We need a…

American October LNG Exports Highest Since April

American October LNG Exports Highest Since April

Nov 01, 2023 at 13:51 | Charles Kennedy

October exports of U.S. liquefied natural gas (LNG) hit 7.92 million metric tons for the highest on record since April this year, when exports reached 8.01 million metric tons, 

Putin Faces Election Challenge As Fuel Subsidies Backfire

Putin Faces Election Challenge As Fuel Subsidies Backfire

Nov 01, 2023 at 13:45 | Charles Kennedy

Subsidizing fuel is creating a budgetary crisis in Russia amid its ongoing war in Ukraine and soaring inflation, with the state budget now expected to take a multi-billion-dollar hit, according…

India Swaps Russian Crude For Saudi Oil As Discount Dwindles

India Swaps Russian Crude For Saudi Oil As Discount Dwindles

Nov 01, 2023 at 12:45 | Charles Kennedy

India’s October imports of Russian crude oil were down 4% compared to the previous month, with increased imports from Saudi Arabia.

EU, US, UAE Pressure Other Govts To Join Deal To Triple Renewable Energy

EU, US, UAE Pressure Other Govts To Join Deal To Triple Renewable Energy

Nov 01, 2023 at 10:58 | Julianne Geiger

The United States, the European Union, and the United Arab Emirates are looking to drum up new recruits in the form of other governments to sign onto a global deal…

U.S. Gasoline Refining Profits Tumble As Demand Weakens

U.S. Gasoline Refining Profits Tumble As Demand Weakens

Nov 01, 2023 at 09:41 | Charles Kennedy

The U.S. gasoline crack spread – a leading refining profitability indicator – slumped in October to the lowest level in nearly three years amid seasonally weaker American gasoline…

UK Manufacturing Faces Worst Downturn Since 2008

UK Manufacturing Faces Worst Downturn Since 2008

Nov 01, 2023 at 08:54 | City A.M

The UK’s manufacturing sector is engulfed in the deepest downturn since the 2008 financial crisis as market uncertainty depresses activity, a closely watched survey suggests. According…

Russia And China Look To Speed Up Development Of New Natural Gas Route

Russia And China Look To Speed Up Development Of New Natural Gas Route

Nov 01, 2023 at 08:50 | Charles Kennedy

Russia’s gas giant Gazprom is working with China to further raise Russian pipeline deliveries to the Chinese market and is discussing speeding up the start of supply via…

BP Executive Describes The U.S. Offshore Wind Industry As “Fundamentally Broken”

BP Executive Describes The U.S. Offshore Wind Industry As “Fundamentally Broken”

Nov 01, 2023 at 07:59 | Tsvetana Paraskova

The U.S. offshore wind industry is “fundamentally broken” and needs a reset, a clean energy executive at supermajor BP said at the FT Energy Transition summit on Wednesday. …

Shares Of The World’s Top Offshore Wind Firm Drop 20% On Scrapped U.S. Projects

Shares Of The World’s Top Offshore Wind Firm Drop 20% On Scrapped U.S. Projects

Nov 01, 2023 at 06:48 | Tsvetana Paraskova

Ørsted is ceasing the development of two offshore wind projects in the United States due to supply chain delays and higher interest rates, the world’s biggest offshore wind…

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