#oilprice.com. × LNG Price Rally Could Prompt Gas-to-Oil Switching in Asia | OilPrice.com. Soaring LNG prices in Asia due to Europe's gas crisis are making oil a more cost-competitive fuel source, potentially leading to a switch in Asia's energy consumption.
#Jan.09.2025 ×
#oilprice.com. × Austria’s Top Electric Utility Has a $103 Billion Plan to Boost Clean Power | OilPrice.com. Austria's largest utility company, Verbund, proposes a $103 billion investment plan to accelerate renewable energy and storage adoption despite political uncertainty.
#Jan.09.2025 ×
#oilprice.com. × Texas Is Leading the U.S. Green Energy Expansion | OilPrice.com. Texas has become the leading US state in total renewable energy and battery storage capacity, surpassing traditional leaders like California.
#Jan.09.2025 ×
#oilprice.com. × BP Hopes to Boost Oil Production at India’s Top Field by 44% | OilPrice.com. BP, selected to improve production at India's Mumbai High oilfield, predicts a potential 44% increase in oil output and an 89% rise in gas production over the next decade.
#Jan.09.2025 ×
#oilprice.com. × Saudi Oil Exports to China Set for February Decline | OilPrice.com. Saudi Arabia's oil exports to China are expected to decrease in February due to a price increase by Aramco, impacting the global oil market.
#Jan.09.2025 ×
#oilprice.com. × TotalEnergies Prepares to Start Drilling in Suriname | OilPrice.com. TotalEnergies is set to begin drilling for oil and gas in Suriname's Block 64 in May 2025, marking a significant step towards potential commercial development of the country's hydrocarbon reserves.
#Jan.09.2025 ×
#oilprice.com. × Alaska Lease Sale Ends With No Bids | OilPrice.com. A mandatory lease sale for oil and gas drilling in Alaska's Arctic Refuge received no bids, highlighting industry disinterest and potential environmental protection.
#Jan.09.2025 ×
#oilprice.com. × China Foreign Ministry Not Aware Of Ban On US-Sanctioned Ships | OilPrice.com. China's foreign ministry says that it’s not aware of Shandong Port Group's decision to ban U.S.-sanctioned vessels from its network of east coast harbours.
#Jan.08.2025 ×
#oilprice.com. × Chevron Targets $6-8 bln In Free Cash Flow Growth By 2026 | OilPrice.com. Chevron Corp. is well positioned to grow its free cash flow by $6 billion to $8 billion by next year, and lower expenses by "a couple billion dollars,"
#Jan.08.2025 ×
#oilprice.com. × DOE Issues $1.8B Loan Guarantee To Arizona Utility For Renewable Energy | OilPrice.com. The U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) on Tuesday has announced a conditional commitment for a loan guarantee of up to $1.81 billion to Arizona Public Service Company
#Jan.08.2025 ×
#oilprice.com. × Guyana’s Crude Oil Exports Surged by 54% in 2024 | OilPrice.com. Guyana's crude oil exports surged by 54% in 2024, driven by strong demand from Europe for its high-quality oil.
#Jan.08.2025 ×
#oilprice.com. × BP to Help India Boost Production at Its Largest Oilfield | OilPrice.com. India's state-owned oil company ONGC has selected BP as the technical services provider to enhance production at Mumbai High, the country's largest oilfield.
#Jan.08.2025 ×
#oilprice.com. × Higher Taxes Could Slow China’s Fuel Oil Imports | OilPrice.com. China's fuel oil imports are expected to slow down after the government increased import tariffs, putting further pressure on the already strained margins of independent refiners.
#Jan.08.2025 ×
#oilprice.com. × Shell Flags Weaker Q4 LNG Output and Significantly Lower Trading | OilPrice.com. Shell expects lower profits in the fourth quarter of 2024 due to seasonality, timing issues, and a $1.3 billion charge, impacting LNG production, trading, and renewables.
#Jan.08.2025 ×
#oilprice.com. × India’s Power Generation Growth at Slowest Pace Since Covid | OilPrice.com. India's electricity generation growth slowed significantly in the second half of 2024 due to weaker economic activity.
#Jan.08.2025 ×
#oilprice.com. × Trump Not Ruling Out Force in Threats to Take Over Panama Canal | OilPrice.com. Trump is considering using military or economic pressure to acquire Greenland and the Panama Canal, emphasizing their strategic importance to U.S. security and economy.
#Jan.08.2025 ×
#oilprice.com. × Alaska Sues Biden Administration Over Restricting Oil and Gas Lease Sale | OilPrice.com. The state of Alaska is suing the Biden Administration, claiming that its decision to restrict acreage in an upcoming Arctic oil and gas lease sale violates a congressional mandate.
#Jan.08.2025 ×
#oilprice.com. × Exxon Warns of Weaker Q4 Profits Amid Lower Refining Margins | OilPrice.com. Exxon expects lower-than-expected fourth-quarter profits due to weaker refining margins and a $600 million impairment.
#Jan.08.2025 ×
#oilprice.com. × Oil Prices Climb on OPEC Data and a Strong U.S. Economy | OilPrice.com. Oil prices rose after data showed production decline from OPEC and Russia, along with strong US economic data suggesting continued demand.
#Jan.08.2025 ×
#oilprice.com. × API Reports Large Crude Draw, Major Jump in Fuel Inventories | OilPrice.com. Crude inventories saw a larger than expected decline for the week ending January 3rd, while fuel inventories continue to soar
#Jan.07.2025 ×
#oilprice.com. × Trump Pledges Swift Reversal of Biden’s Offshore Drilling Ban | OilPrice.com. President-elect Donald Trump declared his intentions to overturn outgoing President Joe Biden’s ban on offshore oil and gas drilling
#Jan.07.2025 ×
#oilprice.com. × Wind Power Costs Challenge UK Energy Goals | OilPrice.com. The UK’s aging power grid is facing mounting challenges as wind power becomes a dominant force in the nation’s energy mix
#Jan.07.2025 ×
#oilprice.com. × Oil CEO John Hess: Oil Markets Close To Being Balanced | OilPrice.com. Hess CEO John Hess shared his perspective on the oil market, suggesting it is closer to being balanced rather than oversupplied in 2025
#Jan.07.2025 ×
#oilprice.com. × South Sudan To Restart Oil Production As Force Majeure Is Lifted | OilPrice.com. Dar Petroleum Operating Company (DPOC), the largest oil operator in South Sudan, will resume oil production on Wednesday after Sudan lifted the force majeure on the pipeline route through Sudan
#Jan.07.2025 ×
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