Closing Prices For Crude Oil, Gold And Other Commodities
Benchmark U.S. crude oil for May delivery rose 41 cents to $83.14 per barrel Friday. :
Benchmark U.S. crude oil for May delivery rose 41 cents to $83.14 per barrel Friday. Brent crude for June delivery rose 18 cents to $87.29 per barrel. Wholesale gasoline for May delivery was unchanged at $2.71 a gallon. May heating oil rose 1 cent $2.54 a gallon. May natural gas fell 1 cent to $1.75 per 1,000 cubic feet. Gold for June delivery rose $15.80 to $2,413.80 per ounce.
Biden Administration Restricts Oil And Gas Leasing In 13 Million Acres Of Alaska’s Petroleum Reserve
The U.S. oil industry’s top lobbying group says new rules are 'misguided. ':
JUNEAU, Alaska — The Biden administration said Friday it will restrict new oil and gas leasing on 13 million acres of a federal petroleum reserve in Alaska to help protect wildlife such as caribou and polar bears as the Arctic continues to warm. The decision – part of a yearslong fight over whether and how to develop the vast oil resources in the state – finalizes protections first proposed last year as the Democratic administration prepared to approve the contentious Willow oil project.
‘huge Step Back’: Dem Rep Slams Biden Admin For Climate Decision Strangling Oil Industry | The Daily Caller
The administration failed 'to strike a balance':
The Biden administration just announced sweeping moves to limit fossil fuel development in energy-rich Alaska, and Democratic Rep. Mary Peltola isn’t happy about it. The Department of the Interior (DOI) on Friday approved a rule restricting new oil and gas leasing across 13 million acres of federal land in northern Alaska and effectively blocking a road crucial to a large mining project.
Eqt Inks Deal With Equinor For Swap Of Us Gas Assets
The transaction will result in Equinor no longer having operated assets in the U.S. onshore. :
Equinor ASA and EQT Corp. have agreed to exchange several natural gas assets in the United States mainly in Pennsylvania state, which would result in the Norwegian energy major no longer having operated assets in the U.S. onshore. The non-operated assets that Pittsburgh City-based EQT is divesting have a greater net gas production, based on 2025 estimates, compared to those it is acquiring from majority state-owned Equinor. However, EQT’s acquisition includes infrastructure assets and a gas purchase commitment from Equinor.
Levelten Energy Reports Stable Solar Ppa Prices For Us Market – Pv Magazine International
LevelTen Energy says in a new report that solar power purchase agreement (PPA) prices have remained stable in the United States, indicating greater stability after a period of market volatility.
Cheap Natural Gas Means Lower Electricity Prices Except In Texas
Texas charged consumers the highest electricity prices in the nation in 2023 despite producing the most and cheapest natural gas in the nation.
Levelten Energy North America Q1 2024 Ppa Price Index: Window Of Stability Offers Opportunity For Ppa Buyers As Solar P25 Prices Declined 1.5%, Wind Up 2.4%
In the first quarter of 2024, North American power purchase agreement (PPA) prices demonstrated heightened stability following years of energy market volatility. SEATTLE, April 16, 2024 /PRNewswire-PRWeb/ -- After years of energy market volatility, North American power purchase agreement...
Japanese Consortium To Invest $370 Mn In Natural Gas Transition Platform | Company News
The infrastructure investor said the platform will also increase investments to boost the consumption of renewable natural gas or biogas in India and use of green hydrogen using the city gas network.
Eu Gas Storage Nearly 60 Percent Full At End Of Heating Season
The 27-member bloc has also stored 70.6 Bcf of gas in Ukraine. :
Natural gas storage facilities in the European Union region were stocked to over 58 percent of capacity as of March 31, when the winter heating season ended, EU Energy Commissioner Kadri Simson has said. “This is the highest level on record at this time of year”, Kadri said in a recent statement by the European Commission.
West Virginia's Mountain V Closes $4mm Acquisition Of Axp Energy
The purchase 'solidifies Mountain V's position as a reliable and sustainable producer of oil and gas'. :
Mountain V Oil and Gas has completed the acquisition of AXP Energy, an Australian oil and gas company with assets in Tennessee, Kentucky, and Virginia for $4 million. The purchase “solidifies Mountain V's position as a reliable and sustainable producer of oil and gas that maintains a diversified commodity mix,” the West Virginia-based company said in a news release. Mountain V has a 30-year history in the gas and well-drilling business.