Energy

Energy industry news - solar, wind, hydroelectric, natural gas, petroleum.

Saudi Aramco and Sonatrach cut LPG prices for January

Reuters | January 09, 2025 | Energy

Oil producer Saudi Aramco and Algeria's Sonatrach lowered January's official selling prices (OSPs) for liquefied petroleum gas (LPG) by between 1.6% and 6% from December because of weaker demand for the fuel, traders said on Thursday.

European wind stocks take beating after Trump calls turbines ‘garbage’

Reuters | January 09, 2025 | Energy | Alternative

European wind power stocks fell on Wednesday after U.S. President-elect Donald Trump said he would try to ensure that "no windmills" are built on his watch, criticising the sector less than two weeks before he is due to take office.

Californian utility SoCal Edison shuts power to over 114,000 customers due to wildfire risk

Reuters | January 08, 2025 | Energy

Alaska wildlife refuge drilling auction yields no bids, US says

Reuters | January 08, 2025 | Energy

Oil trims gains on dollar strength, tight supplies provide support

Reuters | January 08, 2025 | Energy

Oil prices trimmed earlier gains on Wednesday as the dollar strengthened but continued to find support from a tightening of supplies from Russia and other OPEC members and a drop in U.S. crude stocks.

Exxon slips after flagging weak fourth-quarter earnings on refining squeeze

Reuters | January 08, 2025 | Energy

Exxon Mobil shares fell nearly 2% in early trading on Wednesday after the top U.S. oil producer warned of a decline in refining profits in the fourth quarter and weak returns across its operations.

US oil imports from Canada hit record ahead of tariffs threat, EIA data shows

Reuters | January 08, 2025 | Energy

U.S. crude oil imports from Canada rose last week to the highest on record, data from the U.S. Energy Information Administration (EIA) showed on Wednesday, ahead of incoming U.S. president Donald Trump's plans to levy a 25% tariff on Canadian imports.

Lithuania boosts power grid security ahead of Russia decoupling

Reuters | January 08, 2025 | Energy

Energy

AJOT | Top Story | January 08, 2025

Savage Wellington Transload Terminal to provide Utah crude-by-rail connection

Will unlock economic growth opportunities for producers and refiners

Alaska sues Biden administration over oil and gas leases in Arctic refuge

Reuters | January 08, 2025 | Energy

The U.S. state of Alaska has sued the Biden administration for what it calls violations of a Congressional directive to allow oil and gas development in a portion of the federal Arctic National Wildlife Refuge (ANWR).

Shell warns of weaker fourth quarter LNG, oil trading

Reuters | January 08, 2025 | Energy

Shell trimmed its liquefied natural gas production outlook for the fourth quarter on Wednesday and said oil and gas trading results are expected to be significantly lower than in the previous three months.

Trump promised swift action on LNG exports, but advisers preaching patience

Reuters | January 07, 2025 | Energy

Advisers to U.S. President-elect Donald Trump are urging him to take a patient approach to restarting approvals for liquefied natural gas export licenses, fearing rapid approvals will only get overturned in court, according to two sources familiar with the discussions.

Phillips 66 strikes $2.2 billion EPIC NGL deal to boost natural gas liquids bet

Reuters | January 07, 2025 | Energy

U.S. oil refiner Phillips 66 said on Monday it will acquire various pipelines and distribution systems from Ares-backed pipeline operator EPIC NGL in an all-cash deal for $2.2 billion, as it seeks to prop its natural gas liquid bet.

Hess CEO offers upbeat oil demand forecast, says Guyana’s potential barely scratched

Reuters | January 07, 2025 | Energy

Hess CEO John Hess on Tuesday said he sees the oil market as closer to being balanced than oversupplied this year, despite worries about demand from China and greater production from U.S. and non-OPEC producers.

Energy

Reuters | Top Story | January 07, 2025

Energy

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