Edition:
United States

Scott DiSavino

U.S. drillers add oil rigs for first week since June: Baker Hughes

Aug 16 2019

U.S. energy firms this week increased the number of oil rigs operating for the first time in seven weeks despite plans by most producers to cut spending on new drilling this year.

Oil soars near 5% as U.S. delays tariffs on some Chinese goods

Aug 13 2019

NEW YORK Oil prices on Tuesday jumped by the most so far this year after the United States said it would delay imposing a 10% tariff on certain Chinese products, easing concerns over a global trade war that has pummeled the market in recent months.

UPDATE 3-U.S. shale oil output to rise to record 8.77 mln bpd in Sept -EIA

Aug 12 2019

NEW YORK, Aug 12 U.S. oil output from seven major shale formations is expected to rise by 85,000 barrels per day (bpd) in September, to a record 8.77 million bpd, the U.S. Energy Information Administration forecast in its monthly drilling productivity report on Monday.

U.S. oil drillers cut rigs for sixth week in a row: Baker Hughes

Aug 09 2019

U.S. energy firms this week reduced the number of oil rigs operating for a sixth week in a row as producers cut spending on new drilling and completions leading to lower production growth forecasts.

U.S. natural gas demand is at a record - and prices keep dropping

Aug 08 2019

U.S. natural gas demand is at an all-time high and expected to keep rising - and yet, prices are falling.

U.S. oil drillers cut rigs for fifth week in a row: Baker Hughes

Aug 02 2019

U.S. energy firms this week reduced the number of oil rigs operating for a fifth week in a row as most independent producers cut spending even though majors were still pushing ahead with investments in new drilling.

Oil rises on expectations of Fed rate cut, another U.S crude drawdown

Jul 30 2019

NEW YORK Oil prices rose about 2% to a two-week high on Tuesday on optimism the U.S. Federal Reserve will cut interest rates this week for the first time in more than 10 years, boosting demand expectations in the world's biggest oil user.

PSEG to shut most fossil power plants by 2046 to cut carbon emissions

Jul 25 2019

New Jersey energy company Public Service Enterprise Group Inc plans to shut all but three of its fossil fuel-fired power plants in a bid to cut carbon emissions by 80% by 2046 from 2005 levels, Chief Executive Ralph Izzo told Reuters.

U.S. refiners in path of Storm Barry to keep running

Jul 12 2019

HOUSTON/NEW YORK Most U.S. refiners with plants in the path of Tropical Storm Barry scrambled on Friday to keep them running, as the storm continued to strengthen and was projected to become the season's first hurricane.

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