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…
Oil Edges Lower for Fourth Day on Oversupply Concerns
Summary Brent, WTI extend falls, Brent traded earlier at the lowest level since June Expectations of OPEC+ output increase weighs on market US to give Ukraine intelligence for strikes on…
Williams Companies to Invest $3.1 Billion in Two Power Projects
With U.S. power demand rising, utilities are adding billions to capital plans to upgrade the grid and related infrastructure. Get the Latest US Focused Energy News Delivered to You! It’s…
US LNG Exports Hit Record for Second Straight Month
(Reuters) – U.S. LNG exports hit a record in September at 9.4 million metric tons, beating their previous record of 9.3 million MT in August, according to preliminary data from…
Cenovus’ 160,000-bpd Refinery in Toledo, Ohio to Shut Several Units for a Month of Planned Maintenance, Source Says
(Reuters) – Cenovus will shut several units at its 160,000-bpd refinery in Toledo, Ohio next week for a month of planned maintenance, a source familiar with the matter said on…
COMMENTARY: How Our “Knowledge System” Ignores the Benefits of Fossil Fuels – Alex Epstein
By This is the first of 11 “Alex Notes” on my book —like Cliff’s Notes, but actually written by the author. Enjoy! Get the Latest US Focused Energy News Delivered to…
Targa to Build 500-Mile NGL Pipeline in Permian
(Reuters) – Targa Resources will build a 500-mile pipeline to transport natural gas liquids from its plants in the Permian Basin to its fractionation and storage complex in Mont Belvieu,…
Macquarie Cuts WTI Crude Forecast for 2025, 2026 on Oversupply Concerns, Policy Uncertainty
Oil Barrel U.S. President Donald Trump’s latest round of tariffs, including 100% duties on imported branded drugs, 25% tariffs on heavy-duty trucks and 50% tariffs on kitchen cabinets, has heightened…
Oil Pauses as Markets Assess OPEC+ Plans, Demand Concerns
Summary OPEC+ may raise output by up to 500,000 bpd in November, sources say US crude stocks down 3.67 million barrels last week – API US EIA stocks data to…
