Hefty US Thermal Coal Exports Look Set to Keep Climbing in 2025: Maguire
U.S. exports of coal used in power generation hit 32.6 million short tons from January through November, according to ship-tracking data from Kpler. That was the highest volume for that…
IEA Expects Comfortably Supplied Oil Market in 2025 Despite Demand Hike
Summary Sees overhang of up to 1.4 million bpd in 2025 Sees higher 2025 demand growth on China stimulus Trims 2024 oil demand growth forecast by 80,000 bpd (Reuters) –…
US Senators, Green Groups Call for Accountability Over Hacking of Exxon Critics
Summary Lobbyist for Exxon investigated for role in hacking operation targeting environmentalists Green groups urge scrutiny of any potential Exxon ties to spying Exxon says: ‘If there was any hacking…
Oil Little Changed as IEA Surplus Forecast Offsets Rate Cut Optimism
Summary IEA raises oil demand growth forecast for 2025 EU sanctions target ‘shadow fleet’ carrying Russian oil US gasoline, distillate stocks up more than expected last week (Reuters) – Oil…
Exxon and Chevron Offer Wall Street Opposing Visions
The rivalry between Exxon Mobil Corp. and Chevron Corp. is thinly veiled during the best of times. But it’s ripe to spill into the open next year as they make…
Royal Caribbean’s “Amnesia Cruise” Campaign Aims to Turn Greenwashing into a Positive – But Will It Float?
Berlin, Germany – Royal Caribbean made waves at the World LNG Summit this week with the launch of its ambitious new “Amnesia Cruise” campaign, an initiative designed to help people…
Oil Prices Rise as China’s Policy Easing Fuels Demand Hopes
(Reuters) – Oil prices climbed 1% on Wednesday as market participants anticipated a rise in demand from top importer China following Beijing’s latest plans to boost economic growth. Brent crude…
US Power Use to Reach Record Highs in 2024 and 2025, EIA Forecast Says
(Reuters) – U.S. power consumption will rise to record highs in 2024 and 2025, the U.S. Energy Information Administration said in its Short Term Energy Outlook on Tuesday. EIA projected…
Gassier But Cleaner US Power System Hits New Output Record in 2024
(Reuters) – U.S. power producers have raised total generation to new highs in 2024, fuelled mainly by record natural gas-fired output alongside a sharp jump in generation from renewable sources.…
US Natgas Prices Climb 4% to One-Week High on Colder Forecasts, Rising LNG Feedgas
Front-month gas futures for January delivery on the New York Mercantile Exchange rose 11.9 cents, or 3.8%, to $3.282 per million British thermal units (mmBtu) at 8:06 a.m. EST (1306…
