Panama Canal takes measures to win back LNG shippers
As part of efforts to reclaim traffic lost to drought-related restrictions,...
As part of efforts to reclaim traffic lost to drought-related restrictions, the Panama Canal will debut a new long-term reservation system in January that allows LNG shippers to book slots up to a year in advance. The canal's administration is also planning for dry-season challenges and taking steps to better accommodate LNG carriers without reservations.
Oxy taps Enterprise for CO2 pipeline network in Texas
Enterprise Products Partners has agreed to build a network of CO2 pipelines...
Enterprise Products Partners has agreed to build a network of CO2 pipelines in southeast Texas to transport captured CO2 to a carbon sequestration hub developed by Occidental Petroleum subsidiary 1PointFive. The project, supported by $500 million from the Energy Department, aims to capture and store 551,000 short tons of CO2 annually.
Producers revisit Central Basin Platform's oil riches
Once overshadowed by the...
Once overshadowed by the Permian's Midland and Delaware basins, the Central Basin Platform is catching the eye of producers seeking new drilling locations and sources of cash flow. Traditionally tapped through vertical wells, the region is now drawing interest from operators such as Ring Energy and Riley Exploration Permian for its horizontal drilling potential.
The Los Angeles Dodgers won the World Series. The City...
The Los Angeles Dodgers won the World Series. The City of Angels vanquished Gotham in Game 5 and clinched the title 4–1. A lot happened in the short sweep. Dodgers star Shohei Ohtani separated his shoulder while trying to steal a base in Game 2 and struggled with the injury for the rest of the series. In Game 4, two rowdy Yankees fans interfered with a catch made by Dodgers outfielder Mookie Betts, ripping the ball out of his glove (they were ejected). And last night, a series of defensive errors by the Yankees in the fifth inning helped the Dodgers come back from a five-run deficit: They won 7–6. While LA is taking home the Commissioner’s Trophy, New York has a consolation prize: The NYC mayor’s office estimated that each postseason game played in New York generated up to $25 million each.
The State Department has received almost 500 reports of US-supplied weapons being used by Israel to cause excessive civilian casualties in Gaza.
Oil rises on US stockpiles drawdown, OPEC+ mulls output hike delay
Oil prices rebounded on Wednesday, rising more than 2%...
Oil prices rebounded on Wednesday, rising more than 2% after data showed U.S. crude and gasoline inventories fell unexpectedly last week and on reports that OPEC+ may delay a planned oil output increase.
After falling more than 6%earlier in the week on the reduced risk of wider Middle East war, Brent crude futures settled up $1.43, or 2.01%, at $72.55 a barrel.U.S. West Texas Intermediate cruderose $1.4, or 2.08%, to $68.61.
U.S. gasoline stockpiles fell unexpectedly last week to a two-year low on strengthened demand, the Energy Information Administration said, while crude inventories also posted a surprise drawdown as imports slipped.
U.S. imports of crude oil from Saudi Arabia fell to their lowest point last week since January 2021, at just 13,000 bpd, down from 150,000 bpd the previous week. Crude imports from Canada, Iraq, Colombia, Brazil all slipped on the week, the EIA said.
Reuters reported that OPEC+, which groups the Organization of the Petroleum Exporting Countries and allies such as Russia, could delay a planned oil production increase in December by a month or more because of concerns over soft oil demand and rising supply.
