Oil Gives Back Some Gains After Source Says OPEC+ to Delay Output Hike
(Reuters) – Oil prices pared some gains on Thursday after a source told Reuters OPEC+ has agreed to delay a planned oil output hike until April 2025. Brent crude was…
Shell Slows Offshore Wind Spending, Splits Power Business in CEO Review
Summary Shell won’t lead new offshore wind investments, it tells Reuters Shell Energy to split into power generation, trading units Changes are part of CEO Sawan’s review of strategy (Reuters)…
J.P. Morgan Expects Demand Trends to Favor US Natgas Over Oil
Share This: More News Articles ** Says expectations of record U.S. oil supply, OPEC+ barrels return in 2025, Non-OPEC 2025 supply growth and potential policy de-regulations due to Republicans gaining…
Trump’s Canada Tariffs Would Betray His Midwest Supporters
It’s not warm. Photographer: Scott Olson/Getty Images The Midwest is in for a cold, costly winter if President-elect Donald Trump succeeds in imposing 25% tariffs on Canada and Mexico. The US buys…
Microsoft Deal Signals Booming Demand From Data Centers to Power AI
Dec 5 (Reuters) – U.S. utilities are finally signing concrete supply deals with data-center operators as the artificial-intelligence wave sparks a surge in power demand, paving the way for higher…
Exxon Names Former GM President to Run Oil and Gas Business
Oil firm selects two auto industry executives to top posts Continues revamping of management team with outsiders HOUSTON, Dec 3 (Reuters) – Exxon Mobil (XOM.N) said on Tuesday that Dan…
Crescent Energy to Buy Ridgemar Energy’s Eagle Ford Basin Assets for $905 Mln
Dec 3 (Reuters) – Crescent Energy (CRGY.N) said on Tuesday it would acquire Carnelian Energy Capital-backed Ridgemar Energy’s assets in the Eagle Ford basin in Texas for a cash-and-stock deal…
Biden Administration Will Not Finalize Clean Fuel Tax Credit Guidance
By Dec 3 (Reuters) – Biden administration officials will not finalize highly anticipated guidelines on new clean fuel production tax credits aimed at the airline and biofuel industries before they…
Oil Prices Steady Ahead of Imminent OPEC+ Decision; Geopolitical Turmoil in Focus
Summary OPEC+ to discuss oil policy on Dec. 5 US oil and fuel stockpiles rose last week Israel warns of renewed war in Lebanon South Korea president faces impeachment after…
PROFILE: Outspoken and Energy Realist CEO is Now Trump’s Oil Evangelist
Liberty CEO Chris Wright at company headquarters in 2018.Photographer: Andy Cross/The Denver Post/Getty Images Standing shoulder to shoulder with his employees, Chris Wright, chief executive officer of oilfield services company Liberty…
