WTI Cushing trading near $100/b Rig count hits 30-month high at 45 Gas production at 25-month high Surging oil prices fueled by Russia’s ongoing war in Ukraine have boosted drilling Continue Reading
Jones Act laws restrict USGC-to-USAC flows, support rail alternatives A restart of St. Croix refinery would boost gasoline, diesel supply US Atlantic Coast refiners could boost volumes of Bakken crude Continue Reading
Unprecedented bid levels send Buckeye benchmark to all-time high Unprecedented volatility spurred by the Russia-Ukraine conflict has catapulted the price of jet fuel in New York Harbor to all-time highs Continue Reading
More than 7.2 million cubic feet of natural gas escaped in a leak at a key Alaska oil field, forcing workers to evacuate and cutting production last month, operator ConocoPhillips Continue Reading
ZeroAvia, a developer of hydrogen-electric aviation, signed an MoU and announced a new partnership with the hydrogen fueling firm ZEV Station to develop green hydrogen refueling infrastructure for airports in Continue Reading
Germany will temporarily take control of a unit of Gazprom PJSC in the country as it seeks to safeguard the security of gas supply. Gazprom Germania GmbH — owner of Continue Reading
The United States stopped the Russian government on Monday from paying holders of its sovereign debt more than $600 million from reserves held at U.S. banks, in a move meant Continue Reading
Australia, Britain, Canada, and the United States have imposed outright bans on Russian oil purchases following Moscow’s invasion of Ukraine, but the European Union remains divided. The bloc’s 27 members Continue Reading
Gazprom Germania, an energy trading, storage, and transmission business ditched by Russia’s Gazprom on Friday, will be transferred to Germany’s regulator to ensure energy security, Economy Minister Robert Habeck said Continue Reading
The British-based subsidiary of Gazprom said Germany’s move to take control of its parent had removed any concerns about the viability and future of its operations, and it would look Continue Reading
