Oil Prices Head for Weekly Loss
Summary OPEC+ could further boost output in November, sources say Analysts predict oil market surplus in fourth quarter and beyond Chevron refinery fire unlikely to affect broader market LONDON, Oct…
Occidental CEO Says Chemical Divestiture Will Improve Core Oil, Gas Business
OxyChem had been expected to generate an incremental $350 million in free cash flow year-over-year from 2027, but eliminating the interest expense on some debt will save the company exactly…
Trump Administration Keeps Oil Permits Moving in Shutdown, Halts Renewables
By The Trump administration plans to continue issuing permits for oil drilling and do other work on “priority conventional energy projects” during the government shutdown but will freeze activities on…
Carbon Capture Startup Moves Project to Canada From US
By and Crew work to finish construction on CarbonCapture Inc.’s direct air capture system. Photographer: Amber Bracken/Bloomberg Get the Latest US Focused Energy News Delivered to You! It’s FREE: A…
Energy Transfer and EIG’s MidOcean Close to Finalizing US LNG Supply Deal
By Energy Transfer LP is nearing an agreement to sell liquefied natural gas from its planned Lake Charles export terminal in Louisiana to MidOcean Energy, a subsidiary of investment firm…
COMMENTARY: OPEC, China and Geopolitics Are the Triple Whammy of Uncertainty For Crude
By FUJAIRAH, Oct 2 (Reuters) – The unwinding of OPEC+ production cuts, China storage flows and geopolitical tensions have been the primary drivers of crude oil prices this year, and…
US Public Power Sector Weighs Risks and Rewards of Data Center Customers
(Reuters) – U.S. public power utilities are seeing explosive electricity demand from data centers, with some requests exceeding the total energy currently used by all of their customers combined, CEOs…
US Energy Department Cancels $7.6 Billion in Funding Meant for Projects
(Reuters) – The U.S. Department of Energy on Wednesday said it planned to cancel $7.56 billion in financing for hundreds of energy projects that it said would not provide sufficient…
Warren Buffet’s Berkshire Hathaway to Acquire Occidental’s OxyChem for $9.7 Billion
Berkshire Hathaway has reached a definitive agreement to acquire Occidental Petroleum’s chemical business, OxyChem, in an all-cash transaction valued at $9.7 billion. The sale, expected to close in the fourth…
LNG Demand for Ships Set to at Least Double by 2030 Globally
Summary LNG bunker volume to top 4 mln T in 2025, double by 2030 -Rystad TotalEnergies sees LNG, bio-LNG bunker demand at 15 mln T by 2030 Abundant supply to…
