Oil Settles Down $2, Posting Weekly Loss as Mideast Risk Premium Fades
Summary • Brent and WTI post weekly decline• Analysts point to media reports on new coronavirus discovery• Analysts view fading risk premium as Gaza ceasefire holds• US crude stocks rose,…
US Oil and Gas Rig Count Rises to Highest Since June, says Baker Hughes
U.S. energy firms this week added oil and natural gas rigs for a fourth week in a row to the highest level since June, energy services firm Baker Hughes said…
Shell to Grow Working Interest in the Ursa Platform in Gulf of America
HOUSTON, Feb. 21, 2025 /CNW/ — Shell Offshore Inc. and Shell Pipeline Company (SPLC), subsidiaries of Shell plc (Shell), have signed an agreement to increase their stake in the Ursa platform in the Gulf…
US NatGas Prices Jump 6% to 25-Month High on Frozen Wells, Record LNG Flows
(Reuters) – U.S. natural gas futures jumped about 6% to a 25-month high on Friday as extreme cold over the past couple of weeks cut output by freezing wells and…
Oil Prices Slip but Remain on Track for Weekly Gain on Supply Jitters
Summary• Brent and WTI up 1.5% over the week• US crude stocks rose, gasoline and distillates decline -EIA• Kazakhstan pumped record high oil volumes -industry sources Feb 21 (Reuters) –…
U.S. Refiners Mull Switch to Alternative Lighter Crudes Amid Trump Tariff Fears on Canada, Mexico
Running more domestic crude, which is predominantly light, sweet shale oil, through U.S. refineries could be a win for Trump, who has vowed to boost the nation’s energy production and…
Trump Will Allow for More Gas Pipe Expansion, Southern CEO Says
Utility says looser rules to spur new plants, pipelines Firm beats 4Q profit estimates, sees data center demand growth By President Donald Trump’s drive to loosen permitting requirements and speed…
Shale Revives Deal-Making Agenda After Trump Changes Course
Drillers are ramping up consolidation as the new administration changes US policy toward fossil fuels. By Welcome to our guide to the commodities powering the economy. Today, reporter David Wethe…
Sentinel Midstream Eyes Final Investment Decision for US Oil Export Project
(Reuters) – Oil transportation and storage company Sentinel Midstream expects to make a final investment decision on its deepwater oil export project off the Texas coast as soon as it…
US Army Corps Revising List of Energy Emergency Projects to Fast-Track
By WASHINGTON, Feb 20 (Reuters) – The U.S. Army Corps of Engineers on Thursday said it is revising a list of more than 600 energy and other infrastructure projects it…
