Energy News Beat Nasdaq LONDON – Oil prices fell on Monday, with the Brent benchmark dropping near $80 a barrel as investors awaited this week’s OPEC+ meeting and expected curbs on supplies into 2024. Brent crude futures LCOc1 were down 35 cents, or 0.4%, at $80.23 a barrel by 1447 GMT. U.S. West Texas Intermediate (WTI) crude futures CLc1 lost 29 cents, or 0.4%, to $75.25. Source: Reuters Both contracts lost […]
Energy News Beat Oil Price The Biden administration is pushing for widespread electrification in less than 20 years through government subsidies and coercive regulations as part of its aggressive climate agenda. The truth is that President Joe Biden’s goals are an illusion at the expense of the American people. Source: Reuters While EV proponents try to […]
Energy News Beat Nasdaq DUBAI – OPEC Secretary General Haitham Al Ghais on Monday accused the International Energy Agency (IEA) of vilifying the oil and gas industry, in the latest clash between the groups over climate policy. Source: Reuters Al Ghais was referring to a note published by the West’s energy watchdog on Thursday that […]
Energy News Beat World Oil (Bloomberg) – Argentina’s YPF SA surged the most on record following the election of outsider presidential candidate Javier Milei, who said he plans to privatize the state-owned oil and gas producer and remove controls stymieing the sector. Source: Reuters The driller’s American Depository Shares soared as much as 43%, the […]
Energy News Beat Oil Price An OPEC+ source told Reuters on Monday that the expanded cartel is considering bigger oil output cuts during its November 30 meeting, which was originally delayed for four days over a production quota dispute between OPEC leaders and African nations. Source: Reuters The unnamed OPEC+ source told Reuters he expected an option […]
Energy News Beat By Charles Kennedy of OilPrice.com Days after the International Energy Agency (IEA) said that the oil and gas industry faces “a moment of truth” in choosing between fueling climate change and becoming a part of the solution, OPEC criticized the agency for vilifying the industry and for playing down energy security and […]
Energy News Beat In a landmark decision, the Federal Energy Regulatory Commission in July ordered transmission providers to revise their interconnection rules to help ease a massive backlog of requests by generators and energy storage developers for permission to connect to the grid. While the new requirements are viewed as a major improvement, the Department of […]
Energy News Beat Electric reliability has been a hot topic lately — from congressional hearings to regulatory agencies and at the regional transmission organizations that run the electric grid in much of the country. The American electric grid is undergoing a major change, prodded by state and federal decarbonization policies, market forces pushing cheaper and cleaner […]
Energy News Beat MINNEAPOLIS–(BUSINESS WIRE)–Northern Oil and Gas, Inc. (NYSE: NOG) (“NOG” or “Company”) today announced two acquisition transactions. “After closing, our Permian lands will approach ~40,000 net acres and definitively become our most active and largest basin in terms of activity and production” NORTHERN DELAWARE BASIN TRANSACTION NOG has entered into a definitive agreement […]
Energy News Beat Six teenagers have gone on trial behind closed doors in connection with the beheading of French history teacher Samuel Paty. The murder, which shocked the country, took place in 2020 after the teacher had shown his pupils caricatures of the Prophet Muhammad in a class on freedom of expression. list of 4 […]
