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US shale oil costs to rise to $95/bbl by mid-2030s, analytics firm Enverus says
HOUSTON, Sept 23 (Reuters) - The marginal cost of producing U.S. shale oil will rise by as much as $15 a barrel to $95 a barrel in about 10 years, energy analytics firm Enverus said on Tuesday, as stagnating production pushes companies to drill in locations with fewer proven resources. On average, i...Reuters
10 minutes ago
Exelon to intensify push to own Mid-Atlantic power plants, CEO says
Exelon aims to own regulated power supplies in Mid-Atlantic amid rising billsCEO Butler advocates for legislative changes to allow regulated power generationIndependent power companies oppose regulated generationBy Laila Kearney NEW YORK, Sept 23 (Reuters) - Major U.S. electric utility Exelon EXC...Reuters
27 minutes ago
Trump scraps meeting with Democrats, raising government shutdown risk
Trump cancels meeting with Democrats amid funding disputeHouse passed stopgap bill, failed in Senate with 53 Republican seatsFederal shutdown could affect services, furlough workersRepublicans, Democrats posture to pin blame on rivalsBy Richard Cowan WASHINGTON, Sept 23 (Reuters) - U.S. President...Reuters
27 minutes ago
PRECIOUS-Gold surges to new peak on safe-haven demand, Fed rate cut bets
Gold climbs to record high of $3,790.82 Platinum surges about 5%, hits over 11-year highSilver holds near 14-year highBy Noel John Sept 23 (Reuters) - Gold prices climbed to a fresh record high on Tuesday, aided by safe haven flows amid geopolitical uncertainty and expectations of further Federal...Reuters
29 minutes ago
US senator says he is concerned energy secretary acting in nuclear firm's interest
By Timothy Gardner WASHINGTON, Sept 23 (Reuters) - U.S. Senator Edward Markey sent a letter to President Donald Trump on Tuesday saying he is concerned U.S. Energy Secretary Chris Wright is working in the interest of nuclear power company Oklo OKLO.N, of which he used to be a board member.Markey,...Reuters
33 minutes ago
Trump says he will call Orbán to urge end to Russian oil imports
UNITED NATIONS, Sept 23 (Reuters) - U.S. President Donald Trump said on Tuesday he plans to call Hungarian Prime Minister Viktor Orbán to urge him to stop purchasing Russian oil, part of a broader push to pressure NATO allies to cut energy ties with Moscow."He's a friend of mine. I have not ...Reuters
47 minutes ago
Oil rises $1 a barrel as restart of Kurdish oil exports stalls
Kurdistan oil export deal stalls over debt repayment assurancesGlobal oil market faces elevated supply, IEA saysUS crude stockpiles seen higher, gasoline to draw ahead of weekly dataInvestors eye US distillate stocks amid attacks on Russian oil infrastructureBy Georgina McCartney HOUSTON, Sept 23...Reuters
an hour ago
Major automakers call for EPA to ease tailpipe emissions rules
Automakers warn EV tax credit expiration impacts industry investmentAutomakers seek feasible revisions to Biden's emissions rulesAutomakers fear loss of battery production tax credit next yearDemocrats, environmentalists urge EPA to maintain current emissions rulesBy David Shepardson WASHINGT...Reuters
an hour ago
RPT-Nigerian regulator pulls approval for TotalEnergies' $860 million asset sale to Chappal Energies
TotalEnergies had hoped to divest the spill-prone onshore oil assets last yearDeal between Chappal and Total had not closed after multiple deadline extensionsTotal was counting on cash from sale to help cut debt By Isaac Anyaogu and America Hernandez LAGOS/PARIS, Sept 23 - TotalEnergies' TTEF...Reuters
an hour ago
Iran's Supreme Leader says negotiations with US would not be in Tehran's interests
DUBAI, Sept 23 (Reuters) - Iran's Supreme Leader Ayatollah Ali Khamenei said on Tuesday that negotiations with the United States would not serve Tehran's interests and would prove a "dead-end".In a recorded message, Khamenei also said Iran would not "surrender to pressure" re...Reuters
an hour ago
Barclays Maintains $66/bbl 2026 Brent Price Forecast
Sept 23 (Reuters) - BARCLAYS:MAINTAINS THEIR $66/BBL BRENT FORECAST FOR 2026SAYS THE BALANCE BETWEEN NON-OPEC SUPPLY AND DEMAND REMAINS TIGHT AND WARRANTS CONTINUED RESILIENCE IN PRICESSAYS "OUR 2025 AND 2026 BALANCES ARE LOOSER BY 0.23 MB/D AND 0.85 MB/D, RESPECTIVELY, SINCE THE LAST UPDATE I...Reuters
2 hours ago
Europe Gasoline/Naphtha-Gasoline cracks fall
LONDON, Sept 23 (Reuters) - Northwest European gasoline profit margins fell nearly $2 to $16.37 a barrel on Tuesday.A total of 8,000 metric tons of Eurobob E5 barges were traded, with Sahara and Gunvor selling to Vitol, TotalEnergies and Trafigura.E10 barges worth 6,000 tons traded, with P66 selling...Reuters
2 hours ago
EU wheat steadies after lows as import demand stirs
PARIS, Sept 23 (Reuters) - Euronext wheat ended higher on Tuesday as renewed demand including an Algerian import tender supported a technical recovery from contract lows.December wheat BL2Z5 on Euronext's Paris-based futures market settled 0.5% up at 190.00 euros ($224.26) per metric ton.It brie...Reuters
2 hours ago
GRAINS-Soy futures set six-week low on Argentina export competition
Soybean futures nearly flat after setting six-week low Market became oversold after recent losses, analysts sayChina buys Argentine soy, shutting out US, traders sayBy Tom Polansek CHICAGO, Sept 23 (Reuters) - Chicago Board of Trade soybean futures set a six-week low on Tuesday under pressure fro...Reuters
2 hours ago
US senator says he is concerned energy secretary acting in nuclear firm's interest
By Timothy Gardner WASHINGTON, Sept 23 (Reuters) - U.S. Senator Edward Markey sent a letter to President Donald Trump on Tuesday saying he is concerned U.S. Energy Secretary Chris Wright is working in the interest of nuclear power company Oklo OKLO.N, of which he used to be a board member.Markey,...Reuters
2 hours ago
Major automakers call for EPA to ease tailpipe emissions rules
WASHINGTON, Sept 23 (Reuters) - A group representing nearly all major automakers asked the Trump administration Tuesday to rollback aggressive vehicle emissions limits that seek to force the industry to build a rising number of electric vehicles.The Alliance for Automotive Innovation, which represen...Reuters
2 hours ago
Trump tells UN that climate change is 'greatest con job' globally
By Valerie VolcoviciSept 23 (Reuters) - President Donald Trump dismissed climate change as “the greatest con job” in the world during his address to the United Nations General Assembly on Tuesday, doubling down on his skepticism of global environmental initiatives and multilateral institutions.Scien...Reuters
2 hours ago
Exxonmobil Reports Operational Issue At Baytown Complex, Texas
Sept 23 (Reuters) - EXXON MOBIL CORP XOM.N:REPORTS OPERATIONAL ISSUE AT THEIR BAYTOWN COMPLEX, TEXAS, RESULTING IN SAFETY FLARING AND NOISESOURCE: COMMUNITY ALERTTHE BAYTOWN COMPLEX HOUSES A CHEMICAL PLANT, AN OLEFINS PLANT AND A 564,440 BARREL-PER-DAY OIL REFINERYReuters
3 hours ago
EXCLUSIVE-Exxon signs initial agreement with Rosneft to chart possible path to recoup Russian losses, sources say
Exxon received U.S. approval for talks with Rosneft under Trump and BidenExxon lost access to 150 million barrels of oil reserves in RussiaBP and Shell also faced significant write-downs on Russian assetsBy Anna Hirtenstein, Marwa Rashad and Sheila Dang Sept 23 (Reuters) - U.S. oil major Exxon Mo...Reuters
4 hours ago
Power to Ukraine's Zaporizhzhia nuclear plant cut for 10th time, IAEA says
VIENNA, Sept 23 (Reuters) - All external power lines supplying the Russian-occupied Zaporizhzhia Nuclear Power Plant (ZNPP) in Ukraine with electricity vital to cooling its reactors' fuel and preventing a meltdown were down on Tuesday, the U.N. nuclear watchdog said."ZNPP lost all off-site p...Reuters
4 hours ago
