US gas storage fields post largest draw of season as cold weather stays
US natural gas storage fields withdrew more than 200 Bcf for the second week in a row as a pair of 200-plus pulls look likely in the weeks ahead, as Continue Reading
UK Gas Production Could Plunge 75% By 2030
The UK could become much more vulnerable to price shocks and geopolitical events unless new offshore fields are approved and developed—and the UK’s gas production could plummet by 75 percent Continue Reading
U.S. Admits Finding Non-Russian Gas For Europe Is A Challenge
The White House is dealing with logistical challenges in its efforts to secure alternative natural gas supply to Europe if Russian supply is interrupted in case Russia invades Ukraine, Press Continue Reading
As Europe seeks alternatives to Russian gas, Algeria has pipeline capacity to spare
Highlights North African country increases gas output in 2021 Platts Analytics says Algeria could provide 7 Bcm more gas Rising domestic demand, political crisis may crimp exports In 1981, while Continue Reading
US vows to block Nord Stream 2 pipeline if Russia invades Ukraine
Highlights Pipeline will be part of sanctions response: Germany Russia-Ukraine standoff roils global energy markets The US will block the startup of the Nord Stream 2 gas pipeline to Germany Continue Reading
Declining U.S. Petroleum Inventories Push Oil Prices Higher
U.S. commercial petroleum stocks have fallen in most of the weeks in the past year and a half. The continuously declining U.S. petroleum stocks over the past year suggest that Continue Reading
Oil Rebounds From Biggest Tumble This Year on Outlook for Demand
Oil rebounded after the biggest one-day tumble this year as traders focused on the still-positive demand outlook as the pandemic eases. West Texas Intermediate climbed toward $84 a barrel after Continue Reading
Oil Opens Week With Jump on Outlook for Stronger Global Demand
Oil pushed higher at the week’s open as investors weighed prospects for rising demand as the omicron virus wave fades in key economies. Global benchmark Brent rose toward $89 a Continue Reading
Inflation Could Push Oil Supply Into The Danger Zone
Rising inflation rates and falling oil supply is creating a dangerous situation for the global economy. Underinvestment, driven by the ESG trend that discouraged more spending on new exploration. If Continue Reading
EXPLAINER: Why Yemen’s war has spilled into the Emirates
Twice in the past week, Yemen’s rebels have launched attacks with missiles and drones on the United Arab Emirates, a major escalation for one of the world’s most protracted conflicts. Continue Reading