Permian to Retain US Oil Crown Even After Hitting Peak
Oil production in the Permian basin is poised to peak in December, a watershed moment for the U.S. shale boom that upended the global energy market over the past 15…
Trump Plans Envision Major U.S. Investment in Russia, Restoring Oil Flows to Europe, WSJ Says
The newspaper said the plans were detailed in appendices to peace proposals handed to European counterparts over recent weeks. They include a plan for U.S. financial firms and other businesses…
US Crude Stocks Fall, Fuel Inventories Rise On Robust Refining, EIA Says
By Liz Hampton (Reuters) – HOUSTON, Dec 10 – U.S. crude inventories fell, while gasoline and distillates stockpiles rose last week amid strong refining activity, the Energy Information Administration said…
Venture Global Hits Back at Shell’s Fraud Claims in LNG Arbitration Battle
(Reuters) – Venture Global submitted its response late on Tuesday to a legal challenge from Shell over the oil major’s defeat in an arbitration case concerning liquefied natural gas cargoes,…
GE Vernova Hits Record High on Bullish 2026 Revenue Outlook, Buyback Boost
By Dec 10 (Reuters) – Shares of GE Vernova (GEV.N) surged to a record high on Wednesday after the power-equipment maker forecast higher revenue for 2026 and raised its buyback…
Energy Transfer Says Lake Charles LNG Investment Nod Expected in Early 2026
(Reuters) – U.S. pipeline operator Energy Transfer has secured enough agreements to sell liquefied natural gas to make a final investment decision on its Lake Charles LNG project early next…
BP, Chevron Are Top Bidders at First Trump Gulf of Mexico Oil and Gas Auction
(Reuters) – BP, Chevron and Shell were among the top bidders on Wednesday at the U.S. government’s first sale of oil and gas drilling rights in the Gulf of Mexico…
Wind and Solar Power Frozen Out of Trump Permitting Push
Summary Power demand seen rising 32% by 2030, driven by AI expansion Federal delays threaten solar and wind projects on public and private lands Renewable plants are quicker to bring…
Oil Steadies Ahead of Ukraine Peace Talks and Fed Interest Rate Decision
Summary Market seeks cues from peace talks and Fed rate decision Fed expected to cut interest rates by 25 bps on Wednesday Russian oil supply risks offset oversupply concerns (Reuters)…
US Holds First Gulf of Mexico Oil and Gas Auction Since 2023
By Reuters (Reuters) – The Trump administration will hold the government’s first sale of oil and gas drilling rights in the Gulf of Mexico since 2023 on Wednesday, a key test…
Iran Closes Strait of Hormuz Again and Says its Negotiating Team With U.S. is Heading to Switzerland
