Pricey Jet Fuel Punishes Airlines and Passengers
American drivers are feeling the pain of rising gasoline prices . Airlines and their customers have had it even worse. Jet fuel, a kerosene-based product akin to diesel fuel, has Continue Reading
What Happened on Day 50 of the War in Ukraine
Russia’s faltering war against Ukraine suffered a pair of setbacks Thursday when the flagship of Russia’s Black Sea fleet sank after a catastrophic explosion and fire, as the European Union Continue Reading
New York State backs long-term Canadian hydropower project
New York State on Thursday approved a multi-billion-dollar, long-term project by Montreal-based public utility Hydro-Quebec (QBEC.UL) to deliver hydropower to parts of New York City. Hydro-Quebec said its U.S. partner, Continue Reading
U.S. Natural Gas Prices To Spike As Exports Boom
Europe is determined to wean itself off Russian natural gas following Putin’s decision to invade Ukraine, and U.S. LNG is one of the major alternatives. Biden has already committed to Continue Reading
Demand Destruction May Kick In After Lithium Price Explosion
Lithium prices are beginning to slow their climb after a 500% rally. High lithium carbonate prices have begun to dampen demand. The EV industry has failed to secure a sufficient Continue Reading
Competition for gas amid winter storm pushes Rockies spot prices up to two-month highs
Rockies spot gas climbs above $6.70/MMBtu on April 14 Demand for Rockies gas could remain elevated in near term Spot natural gas prices in the Rockies hurtled up to two-month Continue Reading
US natural gas storage rises 15 Bcf, lifting stocks to 1.397 Tcf as deficit grows
Deficit to five-year average expands to 303 Bcf NYMEX Henry Hub prompt hits $7.25/MMBtu Cool weather expected to linger into late April US natural gas storage activity flipped back to Continue Reading
US oil, gas rig count remains steady at 791; Permian gains most rigs: Enverus
Permian at 337 rigs, still 90+ shy of pre-pandemic levels But most basins lost rigs or stood still on week March US shale permits at a monthly high The US Continue Reading
Feature: Low production, strong demand to buoy US summer gasoline prices
Diesel prices surpass gasoline, see nearly 62 cents/gal premium Lower USAC gasoline production, imports point to tight summer E15 waivers, SPR crude releases attempt to mitigate high prices US EIA Continue Reading
Germans should save energy to put pressure on Russia – minister
Germans should start saving energy now to become more independent from Russian fossil fuels, Economy Minister Robert Habeck said, as Europe’s top economy looks for ways to cut gas and Continue Reading