Wednesday, September 18, 2024
US House Republicans face unity test with major energy bill- oil and gas 360

US House Republicans face unity test with major energy bill

Nasdaq WASHINGTON – The Republican-controlled U.S. House of Representatives is expected to vote on its first major legislation of the year on Thursday, a partisan energy bill that poses an early test of unity for House Speaker Kevin McCarthy’s majority.   The 175-page measure, dubbed the Lower Energy Costs Act, represents a top 2022 Republican campaign pledge to lower Americans’

Shell CFO says investors focusing more on energy security amidst Russian invasion- oil and gas 360

Shell CFO says investors focusing more on energy security amidst Russian invasion

World Oil (Bloomberg) – Shell Plc investors are showing more interest in energy security in the wake of the crisis triggered by Russia’s invasion of Ukraine, according to Chief Financial Officer Sinead Gorman.   New Chief Executive Officer Wael Sawan is preparing to lay out Shell’s strategy at a capital markets day event in June, which could see the company

Rising costs are hurting U.S. oil and gas production growthRising costs are hurting U.S. oil and gas production growthRising costs are hurting U.S. oil and gas production growthRising costs are hurting U.S. oil and gas production growthRising costs are hurting U.S. oil and gas production growthRising costs are hurting U.S. oil and gas production growthRising costs are hurting U.S. oil and gas production growth- oil and gas 360

Rising costs are hurting U.S. oil and gas production growth

Oil Price Soaring costs have caused a slowdown in oil and gas production growth in the U.S., with the outlook also worsening, the latest edition of the Dallas Fed Energy Survey showed.     The survey found that business activity in the oil and gas industry remained almost unchanged in the first quarter of this year from the last quarter of

Oil steadies as U.S. crude draw offset by Russian supplies, stronger dollar- oil and gas 360

Oil steadies as U.S. crude draw offset by Russian supplies, stronger dollar

BOE Reports Oil steadied in early Asian trade on Thursday as a surprise draw in U.S. crude oil stockpiles that supported prices was offset by a smaller-than-expected cut to Russian supplies and stronger dollar.   West Texas Intermediate U.S. crude rose 79 cents, or 1.09%, to $73.58 a barrel. Brent crude futures rose 47 cents or 0.61% at $77.92 a

Weekly Gas Storage: Inventories increase by 40 Bcf- oil and gas 360

Weekly Gas Storage: Inventories decrease by 47 Bcf

Natural Gas Inventories as of March 24, 2023 The EIA has released its natural gas inventory report, showing a net decrease of 47 Bcf as of March 24, 2023. Working gas in storage was 1,853 Bcf as of Friday, March 2, 2023, according to EIA estimates. This represents a net decrease of 47 Bcf from the previous week. Stocks were

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