Oil Slips on Oversupply Concerns, Stronger Dollar
(Reuters) – Oil prices fell over 1% on Tuesday as OPEC+’s decision to pause output hikes in the first quarter next year along with weak manufacturing data and a stronger…
Kimmeridge Calls for Overhaul at Coterra, Says 2021 Merger a Failure
Activist investor Kimmeridge on Tuesday called on Coterra Energy to overhaul its leadership and strategy, saying the 2021 merger of Cabot Oil & Gas and Cimarex Energy has failed to…
LNG Shipping Rates Hit Multi-Month Highs on Tighter Vessel Availability, Winter Demand
(Reuters) – Shipping rates for liquefied natural gas have hit multi-month highs on tighter vessel availability, delayed cargo deliveries to Egypt and rising demand ahead of winter, shipping sources said.…
US Becomes First Country to Export 10 Million Tonnes of LNG in Single Month
(Reuters) – The U.S. has become the first country to export 10 million metric tonnes (mmt) of liquefied natural gas in a single month, according to preliminary data from financial…
Tesla Again Posts Steep Monthly Sales Declines Across Europe
Musk and other executives blamed Tesla’s early-year sales shortcomings on transitioning the Model Y to a new design By Stefan Nicola Tesla Inc. posted some of its steepest sales declines…
BP to Sell Stakes in US Onshore Pipeline Assets for $1.5 Billion
(Reuters) – BP has agreed to sell minority stakes in some of its U.S. onshore pipeline assets in the Permian and Eagle Ford basins to investment firm Sixth Street for $1.5…
QatarEnergy, Exxon Executives Warn of Europe Exit Over Climate Law
ExxonMobil CEO Darren Woods Summary ExxonMobil CEO warns EU law could force exit from Europe EU law demands climate plan aligned with Paris Agreement, Woods says Qatar threatens again to…
SM Energy and Civitas Resources to Combine in $12.8 Billion Transformational Combination
Nov 3 – SM Energy and Civitas Resources said on Monday they will merge in a deal valued at about $12.8 billion, including debt, creating one of the largest independent…
US Deputy Energy Secretary: I Don’t Think There Will be An Oil Glut in 2026
The U.S. Department of Energy’s deputy secretary, James Danly, said on Monday that he does not think there will be an oil glut in 2026. “We have a demand signal…
Big Oil Gets Big Boost from Escalating Economic War on Russia – Ron Bousso
Top Western oil companies are enjoying a windfall from the expanding attacks on Russia’s oil industry – both literal and economic – that have boosted global refining profit margins and…
