US NatGas Prices Climb 4% to Two-Week High on Rising LNG Flows, Cold Weather
(Reuters) – U.S. natural gas futures climbed about 4% to a two-week high on Thursday on rising flows to liquefied natural gas (LNG) export plants, a drop in daily output…
Elliott Builds $5 Billion Stake in BP, Financial Times Reports
Elliott is trying to push the British oil company to cut spending on renewables and make big divestments, the FT report said. BP’s shares fell 1.3% to 462.5 pence after…
Trump Hostility to US Offshore Wind Reverberates Through Supply Chain
Summary • Researcher now expects 25 gw of offshore wind by 2030, not 30 gw• Ship builders, steelmakers hit as industry needs fewer vessels• Italy’s Prysmian drops plan for Massachusetts…
Hedge Fund Elliott Commands Attention in C-suites as Relentless Activist
Now, storied oil giant BP is in Elliott’s sights. The investment firm, which manages $70 billion, has not disclosed the size of its stake in BP or what changes it…
Exelon Boosts Capex plan by $3.5 Billion, Mostly to Bolster Power Lines
Many U.S. power companies have revised up capex plans over the past year as the proliferation of AI data centers and the electrification of industries like transportation grow power consumption.…
Shell Sees Significant LNG Growth in Near Term Under its Scenarios
MILAN, Feb 12 (Reuters) – Global demand for liquefied natural gas will see a robust rise in the next few years, while gas will likely see a more gradual dynamic…
Top Trump Official in Kyiv to Discuss Deal on Minerals, Energy
By U.S. treasury secretary is first Trump official in Kyiv Talks to broach deal on minerals, energy, state firms Ukraine wants to win Trump’s backing for war’s endgame Three-year-old war…
US Crude Stockpiles Build on Ongoing Refinery Maintenance, EIA Says
(Reuters) – U.S. crude oil inventories rose last week as refinery maintenance continued, while gasoline stockpiles posted a surprise draw, the Energy Information Administration (EIA) said on Wednesday. Crude inventories…
Chevron to Lay Off 15% to 20% of Global Workforce
HOUSTON, Feb 12 (Reuters) – Chevron (CVX.N), opens new tab will lay off 15% to 20% of its global workforce by the end of 2026, the U.S. oil company said…
Oil Prices Fall on Rising US Crude Stocks, Hawkish Fed Comments
Summary • Brent, WTI futures both fall• U.S. crude stockpiles rise by 9.4 million barrels, sources cite API data• Fed’s Powell signals slower rate cuts (Reuters) – Oil prices fell…
