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U.S. OKs Kinder Morgan request to start Texas Lockridge natgas pipe work

Reuters
FILE PHOTO: A workman walks past steel pipe to be used in the oil pipeline construction of Kinder Morgan Canada’s Trans Mountain Expansion Project at a stockpile site in Kamloops, British Columbia, Canada May 29, 2018. REUTERS/Dennis Owen (Reuters) – The U.S. Federal Energy Regulatory Commission (FERC) on Wednesday approved......
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Halliburton takes $2.2 billion charge on shale slump

Reuters
(Reuters) – U.S. oilfield services firm Halliburton Co. on Tuesday disclosed a $2.2 billion charge to earnings as weakening North American shale activity continued to hit the industry. FILE PHOTO: Oil production equipment is seen in a Halliburton yard in Williston, North Dakota April 30, 2016. REUTERS/Andrew Cullen/File Photo The......
Reuters - Business

Exclusive: Sinopec to review potential $16 billion U.S. gas deal with Cheniere – sources

Reuters
SINGAPORE (Reuters) – China’s Sinopec, expected to be the next major Chinese buyer of U.S. liquefied natural gas (LNG), is planning to review terms of a potential $16 billion supply deal with Cheniere Energy after a sharp drop in LNG prices, industry officials said. FILE PHOTO: A man stands next......
Reuters - Business

U.S. energy exports to climb as China pledges ramp-up in purchases

Reuters
NEW YORK/SINGAPORE (Reuters) – U.S. energy exports to China, mostly crude oil and natural gas, will climb as the world’s two largest economies struck a trade agreement after a more than year-long tariff war, executives and traders said on Wednesday. FILE PHOTO: A liquified natural gas (LNG) tanker leaves the......
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U.S. coal-fired power plants closing fast despite Trump’s pledge of support for industry

Reuters
(Reuters) – U.S. coal-fired power plants shut down at the second-fastest pace on record in 2019, despite President Donald Trump’s efforts to prop up the industry, according to data from the federal government and Thomson Reuters. Power companies retired or converted roughly 15,100 megawatts (MW) of coal-fired electricity generation, enough......
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Divergent paths: Oil, natural gas going different directions

Reuters
(Reuters) – The diverging fundamentals of U.S. oil and natural gas can be seen dramatically in the markets, where the oil-to-gas price ratio has surged to its highest in six years. FILE PHOTO: Drilling rigs operate at sunset in Midland, Texas, U.S., February 13, 2019. REUTERS/Nick Oxford/File Photo The oil-to-gas......
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U.S. oil deals hit five-year high in 2019 on Occidental’s blockbuster Anadarko buy

Reuters
FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S., February 11, 2019. REUTERS/Nick Oxford (Reuters) – The value of U.S. oil and gas mergers and acquisitions reached a five-year peak of $96 billion in 2019 on the back of competing bids for Anadarko Petroleum, energy data provider Enverus......
Reuters - Business

Oil posts biggest yearly rise since 2016

Reuters
NEW YORK (Reuters) – Oil prices fell 1% on Tuesday, the last trading day of the decade, but notched the biggest annual gain in three years, supported by a thaw in the prolonged U.S.-China trade war and ongoing supply cuts from major oil producers. FILE PHOTO: Grandpuits oil refinery southeast......
Reuters - Business

Oil falls but on track for biggest yearly rise since 2016

Reuters
LONDON (Reuters) – Oil fell on the last trading day of the decade on Tuesday but was still on track for monthly and annual gains, supported by a thaw in the prolonged U.S.-China trade row and Middle East unrest. FILE PHOTO: FILE PHOTO: Grandpuits oil refinery southeast of Paris, France,......
Reuters - Business

Oil price rise muted in 2019 despite sanctions, supply cuts, attack in Saudi Arabia

Reuters
NEW YORK/SINGAPORE (Reuters) – Oil prices rose more than 20% this year but there were no sharp spikes and crude futures barely sniffed $70 a barrel despite attacks on the world’s biggest oil producer, sanctions that crippled crude exports of two OPEC members and gigantic supply cuts from big oil......
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Oilfield service firms have a bearish outlook for 2020: Dallas Fed

Reuters
FILE PHOTO: An oil pump at sunrise, owned by Parsley Energy Inc. near Midland, Texas, U.S., May 3, 2017. REUTERS/Ernest Scheyder (Reuters) – With their business outlook worsening, about half of oil field service firms plan to cut spending in 2020, the Federal Reserve Bank of Dallas said on Friday......
Reuters - Business

Recession, robots and rockets: another roaring 20s for world markets?

Reuters
LONDON (Reuters) – Helicopter cash, climate crises, smart cities and the space economy — investors have all those possibilities ahead as they enter the third decade of the 21st century. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., December 17,......
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WPX Energy expands in Delaware basin with $2.5 billion Felix deal

Reuters
(Reuters) – WPX Energy Inc (WPX.N) said on Monday it would buy privately held Felix Energy in a $2.5 billion deal, as the Permian basin operator looks to add oil-rich acreage in the Delaware region of the prolific shale field, sending its shares up more than 9%. FILE PHOTO: A......
Reuters - Business

Factbox: How China tariffs on U.S. commodities, energy stand after ‘phase one’ trade deal

Reuters
BEIJING/SINGAPORE (Reuters) – China and the United States have agreed terms of a “phase one” trade deal under which Washington reduced some tariffs and Beijing canceled retaliatory duties that were previously scheduled to take effect on Dec. 15. FILE PHOTO: Crude oil storage tanks are seen from above at the......
Reuters - Business

Oil market to remain oversupplied despite deepening OPEC+ cuts: IEA

Reuters
LONDON (Reuters) – Global oil inventories could rise sharply despite OPEC and its allies deepening their output cuts and slowing U.S. production growth, the International Energy Agency (IEA) said on Thursday. FILE PHOTO: Oil pump jacks work at sunset near Midland, Texas, U.S., August 21, 2019. REUTERS/Jessica Lutz “Despite the......
Reuters - Business

Oil prices fall as U.S. crude stocks jump

Reuters
LONDON (Reuters) – Oil prices fell on Wednesday after industry data showed an unexpected build in U.S. crude inventories and as investors waited for news on whether a fresh round of U.S. tariffs on Chinese goods would take effect on Sunday. FILE PHOTO: Oil pump jacks work at sunset near......
Reuters - Business

Oil jumps above $61 on talk of further OPEC+ supply curbs

Reuters
LONDON (Reuters) – Oil jumped above $61 a barrel on Monday, supported by hints that OPEC and its allies may agree to deepen output cuts at a meeting this week and as rising manufacturing activity in China suggested stronger demand. FILE PHOTO: Oil pump jacks at sunset near Midland, Texas,......

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