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Several hundred thousand barrels of oil per day is expected from Venezuela, the U.S. energy secretary said.
Feed gas levels show the Golden Pass export facility for liquefied natural gas is in the commissioning phase. That makes it the ninth terminal in operation in the United States.
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Woodside says its proved reserves can last nearly 9 years.
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The Dallas Fed said it expects a downturn in spending in the U.S. oil and gas sector. Crude oil prices may be approaching the breaking point for many shale drillers.
By percentage, natural gas production is expanding in the Haynesville Shale faster than any other basin. That's enough to draw interest from international investors.
Pemex reached its highest crude processing rates in years in December, yielding higher fuel products. Meanwhile, oil exports averaged the lowest on the company's record.
The Federal Reserve Bank of Dallas said Permian oil was holding up at around 6.7 million BBL/d.
The U.S. provided the largest share of crude oil exports to the European Union last year, though fringe players such as Libya were supportive.
Demand for natural gas for heating is on the decline as North American temperatures return to seasonal norms, but the impact from recent winter weather caused an upward revision in wholesale natural gas prices.
Weak demand growth and an oversupplied market lowered oil prices and cut into fourth-quarter and full-year 2025 profits for two large integrated supermajor oil companies--Exxon Mobil Corporation and Chevron Corporation.
A winter storm is expected to move from the U.S. Southwest across the southern Plains and into the East this weekend. This system is forecast to bring heavy rain and localized flooding.
The Cedar LNG facility slated for British Columbia moved one step closer to completion with support for its floating liquefaction unit. Powered by renewables, the facility will be one of the cleanest of its kind in the world.
Industrial Info is tracking more than US$6 billion worth of active and proposed projects from ARC, all of which are in the Montney.
Four new trains could be added to Cheniere's Corpus Christi facility. That would boost its net export capacity by around 24 MTPA.
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