By Nelson Bocanegra BARRANCABERMEJA, Colombia (Reuters) – Alleged interference by Colombian President Gustavo Petro in majority state-owned Ecopetrol and purges of hundreds of staff to make way for pro-government replacements are fueling fears about the energy company’s future profits and contributions to the economy.  The worries, according to interviews with workers, ex-employees, a former board […]

By Scott DiSavino and Curtis Williams NEW YORK/HOUSTON (Reuters) – Demand for U.S. to produce liquefied natural gas (LNG) for export this year is headed for its first decline since the country started exporting the super-chilled fuel from the lower 48 states eight years ago. The U.S. is the world’s largest exporter of the superchilled

MOSCOW (Reuters) – The Kremlin said on Friday that any new G7 sanctions on Russia’s oil industry would backfire and that it would act to minimise the consequences of any such move and adapt. Bloomberg News reported on Thursday that G7 countries are exploring options to toughen the price cap on Russian oil, including essentially

Investing.com — President-elect Donald Trump warned that the European Union (EU) must significantly increase its purchases of American oil and gas or face tariffs on European imports. “I told the European Union that they must make up their tremendous deficit with the United States by the large scale purchase of our oil and gas. Otherwise,

Investing.com– Oil prices fell Friday, heading for a hefty weekly loss and pressured by a stronger dollar and continued demand concerns, especially in top crude importer China. A 08:55 ET (13:55 GMT),  expiring in February fell 0.5% to $72.43 a barrel, and fell 2.4% to $68.91 a barrel.  Oil heads for weekly losses amid dollar pressure

By Marco Aquino LIMA (Reuters) -Peruvian production is expected to remain flat in 2025 for the third straight year, according to the country’s top mining association and industry analysts, as declining ore grades and a lack of new projects cap output. The South American country is a global copper powerhouse, ranking third in production behind

Investing.com — Natural gas prices, which initially showed gains, have fallen today due to the anticipation of mild weather in the coming weeks. However, colder conditions are expected next month. According to EBW analysts, fluctuations in the price are likely to occur. The Energy Information Administration (EIA) reported yesterday that the stock of decreased by

(Reuters) – President-elect Donald Trump has vowed to repeal Joe Biden’s signature climate bill called the Inflation Reduction Act, which initially aimed at some $400 billion in new spending and tax cuts and credits at accelerating America’s transition to a green energy economy. The Congressional Budget Office expects the cost to swell above $800 billion

By Sergei Pivovarov VITYAZEVO, Russia (Reuters) – Volunteers struggled on Friday to shovel up tons of sticky oil from Russia’s Black Sea coastline following what President Vladimir Putin has called an ecological disaster. The oil spilled from two ageing Russian oil tankers that were severely damaged by a weekend storm in the Kerch Strait that

(Reuters) – California’s utilities regulator on Thursday set a clear path toward potentially closing SoCalGas’s Aliso Canyon gas storage facility, prioritizing energy reliability and affordability as the state shifts to cleaner energy. The California Commission (CPUC) has set a natural gas peak demand target of 4,121 million cubic feet per day, marking the threshold at