Downstream

This post was originally published on this siteCiti Research continues to expect that OPEC+ will hold its production cuts through the third quarter of this year, it said in a note on Wednesday. “A deeper cut would likely be a bullish surprise, but remains a low probability in our view,” the note added. Citi also […]

This post was originally published on this site Eight young Alaska residents sued the state on Wednesday seeking to block a major natural gas project, the latest in a string of climate-change related lawsuits by youths arguing that government policies promoting fossil fuels violate their rights.

This post was originally published on this siteU.S. pipeline operator Kinder Morgan Inc has acquired oil and gas producing assets in West Texas and is planning to tap U.S. carbon capture incentives to increase output from the properties, according to people familiar with the matter. The purchase shows how the U.S. Inflation Reduction Act’s $60

This post was originally published on this site Mexico-based Gato Negro Permitium Uno and partners including Houston-based Big River Energy plan to construct four LNG processing plants in Manzanillo on Mexico’s Pacific coast to produce up to 4 MTPA of LNG, the company said.

This post was originally published on this site ADNOC has acquired Galp’s 10% interest in the Area 4 concession of Mozambique’s Rovuma basin. This move is part of ADNOC’s strategy to expand its international presence and its lower-carbon LNG portfolio.

This post was originally published on this siteSummary API reports crude and gasoline stocks rise, sources say UK inflation falls less than expected Fed minutes, EIA inventory report awaited LONDON, May 22 (Reuters) – Oil prices fell on Wednesday, retreating for a third straight day on expectations that the Federal Reserve might keep U.S. interest

This post was originally published on this siteThe collateral damage from decelerating EV adoption will be far wider than the energy transition. Electric vehicles have swiftly gone from a rare bright spot in the fight against climate change to a cause for concern. A slowdown in EV adoption has potentially huge implications for the energy transition. It also has

This post was originally published on this siteOil producers backed Trump’s political operation in April Former president has appealed directly to industry for support Oil industry titans are opening their checkbooks to support Donald Trump, with Texas tycoons Syed Javaid Anwar and Jeff Hildebrand among the donors contributing to the Republican candidate’s biggest fundraising month yet. Anwar, the

This post was originally published on this siteChief executive Wael Sawan said he’s “very pleased” with the result Bloomberg News “I’m very pleased with what we’ve got” in support from investors, Shell chief executive Wael Sawan said on the sidelines of the meeting in London. “And I’m pleased that we have seen the Follow This

This post was originally published on this site(Reuters) – France supports companies that believe in the country, its President Emmanuel Macron said in an interview published on Wednesday, in response to a question on oil major TotalEnergies’  potential pursuit of a U.S. listing. WHY IT’S IMPORTANT A pillar of France’s CAC 40 blue chip index, TotalEnergies