Coterra Energy and Devon Energy in Advanced Talks to Merge, Source Says
(Reuters) – Coterra Energy and Devon Energy could announce an agreement to merge as soon as next week, in what would be the largest oil and gas deal in the…
Demand at Largest US Electric Grid Hovers Near Winter Record
(Reuters) – The largest U.S. electric grid on Thursday operated near record levels for demand amid frigid temperatures as weather forecasters predicted another Arctic blast over the weekend. The PJM…
US Eases Sanctions on Venezuelan Oil Industry
(Reuters) – The Trump administration on Thursday eased some sanctions on the Venezuelan oil industry as it seeks to expand production there after U.S. forces ousted the South American country’s…
US Natgas Futures Soar 140% During Arctic Blast, Boosting Consumer Costs
(Reuters) – U.S. natural gas futures jumped 140% over the past seven trading days, and cash gas and power prices hit record highs this week as an Arctic blast sent…
US Faces Growing Risks of Power Outages Due to Rising Winter Demand, Changing Fuel Mix
(Reuters) – The risk of U.S. power outages is worsening due to a changing mix of electricity supplies and rapidly growing demand in the winter months, the North American Electric…
US Crude Production Ticks Back Up After Massive Output Hit From Winter Storm
(Reuters) – U.S. crude production continued to recover on Thursday after a winter storm ravaged production and losses peaked at 2 million barrels per day over the weekend, while analysts…
U.S. Sends Additional Warship to Middle East Amid Iran Tensions
(Reuters) – The U.S. Navy has sent an additional warship to the Middle East, a U.S. official told Reuters on Thursday, amid a large military buildup in the region and…
US Carlyle Group Agrees to Buy Lukoil’s Global Assets After Sanctions Pressure
Summary Lukoil agrees to sell global assets to Carlyle Group Foreign assets worth about $22 billion -analysts The value of the deal has not been disclosed Transaction with Carlyle dependent…
Geopolitics Loom Large Over Big Oil earnings as Investors Seek Venezuela Details
A view of the installations at the Puerto La Cruz oil refinery of Venezuelan state oil company PDVSA Summary Exxon, Chevron Q4 earnings could be overshadowed by geopolitical intrigue Chevron…
Oil Continues Upward Climb on Iran Attack Concerns
Summary US-Iran tensions remain key near-term price driver Markets pricing in geopolitical risk premiums US winter storms, Kazakh outages, also adding support (Reuters) – Brent oil futures prices jumped on…
