U.S. Sees Small Global Oil Deficit in 2025 in Outlook Reversal
The US reversed its forecast for a crude glut next year and is now calling for a small oil-market deficit. Global oil consumption should exceed output by 100,000 barrels a…
Acadia, Companies Eye $9 Billion U.S. Renewables Roll-Out
Summary Acadia Infrastructure Capital launches new coalition Microsoft helps back first green energy project Looks to tap more companies; bolster local communities (Reuters) – U.S. investor Acadia Infrastructure Capital and…
Trump Says Anyone Investing $1 Billion in U.S. Will Receive Expedited Permits
U.S. President-elect Donald Trump said on Tuesday that any person or company investing at least $1 billion into the U.S. “will receive fully expedited approvals and permits, including, but in…
US Crude Stocks Fall, Fuel Inventories Rise on Robust Refining, EIA Says
(Reuters) – U.S. crude inventories fell for the third time in a row, while fuel stockpiles rose in the week ending December 6, the Energy Information Administration (EIA) said on…
Chevron Working on Supply of Power to Data Centers, Executive Says
U.S. oil major Chevron Corp is considering ways to supply lower carbon power for data center operators, Jeff Gustavson, president of Chevron New Energies said in an interview at the…
Oilfield Service Companies Add More Jobs in November, Trade Group Says
WHY IT’S IMPORTANT Oilfield service hiring can serve as an indicator of the health of the sector. Companies bringing on more employees could imply more drilling to come. BY THE…
U.S. to Offer Oil and Gas Leases in Alaska Wildlife Refuge on Jan. 9
The agency will make 400,000 acres available to drillers at the auction, the minimum required by a 2017 law that mandated the sale. (Reporting by Nichola Groom) Share This: More…
U.S. Natural Gas Up More than 3% to 1-Week High as Weather Turns Colder
Front-month gas futures for January delivery on the New York Mercantile Exchange were up 12 cents, or 3.9%, to $3.20 per million British thermal units (mmBtu) at 9:01 a.m. EST…
OPEC+ Kicks the Can Down the Road Again as Trump is Added to Demand Dilemma
(Reuters) – It was likely a fairly easy decision for OPEC+ to once again delay plans to increase oil output. The soft state of global demand is by itself sufficient…
Oil Prices Rise as China Moves Toward Monetary Easing to Boost Growth
Summary Brent, WTI both up over 1% after two-week declines China signals loosened monetary policy next year to spur growth Overthrow of Syria’s Assad fuels regional uncertainty Dec 9 (Reuters)…
