US Energy Sector Reels After Winter Storm Knocks Out 2 Million bpd of Crude Output
(Reuters) – U.S. oil producers lost up to 2 million barrels per day or roughly 15% of national production over the weekend, analysts and traders estimated, as a winter storm…
US Shale Production Could Fall by 400,000 Barrels Per Day if Prices Dip to $40 a Barrel, Analyst Says
(Reuters) – U.S. shale production could fall by as much as 400,000 barrels of oil per day in 2026 if OPEC countries try to increase market share and oil prices…
Cenovus’ 172,000-bpd Refinery in Lima, Ohio, Suffers Storm-Related Mechanical Issues, IIR Says
(Reuters) – Cenovus Energy’s 172,000-barrel-per-day Lima, Ohio, refinery experienced mechanical issues caused by a major winter storm that hit much of the United States over the weekend, industry monitor IIR…
US Natgas Futures Soar 89% Over Five Days as Freezing Wells Cut Output to Two-Year Low
(Reuters) – U.S. natural gas futures soared by a record 89% over five days to a three-year high on Monday after an Arctic blast at the weekend froze oil and…
Oil Market’s Watchmen Are at Loggerheads Over 2026 Outlook
By Oil traders seeking to plot the path for prices this year are juggling sharply different assessments of the supply-demand outlook, from a huge surplus to a broadly balanced market.…
European Nations Reinforce Wind Power Commitment With 100 GW Pledge
LONDON, Jan 26 (Reuters) – Britain, Germany, Denmark and other European countries will sign a clean energy pact at a summit in Hamburg on Monday, pledging to deliver 100 gigawatts…
OPEC+ Likely to Maintain Oil Production Pause for March as Prices Climb, Sources Say
By and LONDON/MOSCOW, Jan 26 (Reuters) – OPEC+ is expected to keep its pause on oil output increases for March at a meeting on Sunday, three OPEC+ delegates told Reuters,…
US Natural Gas Jumps Almost 20% as Arctic Blast Takes Hold
US natural gas jumped by almost 20% as freezing weather swept across much of the country, boosting heating demand and disrupting supplies. Get the Latest US Focused Energy News Delivered…
When the US Freezes, the Global LNG Market Catches a Cold
A view of the Freeport LNG facility in Quintana, Texas, U.S., June 23, 2025. REUTERS/Joel Angel Juarez (Reuters) – An Arctic blast sweeping across the U.S. Northeast and Midwest has triggered a…
Oil Prices Rise as Harsh Winter Disrupts US Output
Summary US winter storm disrupts crude production Geopolitical tensions with Iran add to market uncertainty Kazakhstan’s Caspian Pipeline resumes full capacity after maintenance (Reuters) – Oil prices edged higher on…
