Downstream

This post was originally published on this site The amount of natural gas flowing to the seven U.S. LNG export plants was on track to rise by about 5% to a three-week high on Monday as Freeport LNG in Texas started to pull in more feedgas, data from financial firm LSEG showed.

This post was originally published on this siteThe cost of gas at the pump is already up 18% this year, but Congress is urging tougher sanctions enforcement. With only six months to go before the election, President Joe Biden’s strategy to lower gasoline prices is in jeopardy. The administration’s soft approach to sanctions on oil from

This post was originally published on this site(Reuters) – Financial details of Shell’s  vast oil and gas trading business are some of the company’s closest-held secrets. Documents in a lawsuit filed by a former employee, however, revealed its U.S. crude trading regularly earns around $1 billion every year. Testimony by a former head of Shell’s U.S.

This post was originally published on this siteTurkey is in talks with US energy giant ExxonMobil over a multibillion-dollar deal to buy liquefied natural gas, in an effort to curb its dependence on Russian energy, the Financial Times reported on Sunday. The country is seeking to build a “new supply portfolio” that will make it

This post was originally published on this siteItaly is pushing for an agreement among the Group of Seven wealthy nations to set a target date for the phase-out of coal in power generation, diplomatic sources said ahead of a meeting of G7 energy ministers in Turin. An agreement on this would be one step in

This post was originally published on this siteMIDLAND, Texas, April 26, 2024 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced that its stockholders have approved the issuance of shares of Diamondback common stock in connection with the proposed business combination with Endeavor Energy Resources, L.P. (“Endeavor”). Additionally, Diamondback stockholders

This post was originally published on this siteAugust prices for Dallas hit an 82% premium from a year ago Grid operator Ercot issues power warning for next week A surge in Texas power prices for August suggests another summer of heavy electricity demand — and potential grid strain — to meet air-conditioning needs. Traders start

This post was originally published on this site(Reuters) – Oil prices were little changed on Monday as Israel-Hamas peace talks in Cairo tempered fears of a wider conflict in the Middle East, while U.S. inflation data dimmed the prospects of interest rate cuts anytime soon. Brent crude futures for June , which expire on Tuesday,

This post was originally published on this siteEnergy executives warn that it will be a long and costly journey, while activists and analysts say there are significant rewards and little time to waste.  The nations of the Gulf know that the world’s shift to cleaner energy could change everything: Their economies today depend on demand

This post was originally published on this site‘End of Oil Not in Sight’ – OPEC Secretary General The pace at which global energy demand is growing means that alternatives cannot replace oil at the necessary scale writes OPEC Secretary General Haitham Al Ghais. Rather than calling for an end to oil, the focus should be