Operable refining capacity in the United States hit a nearly decade low in 2022, the EIA’s latest Refining Capacity Report showed on Tuesday. U.S. refining capacity fell this year to Continue Reading
U.S. gasoline demand increased by 5.5 percent on Sunday compared to the previous Sunday and was 11.4 percent higher than the average U.S. demand of the past four Sundays, according Continue Reading
Highlights ExxonMobil wins part of Qatar LNG expansion Kuwait can increase oil output: KPC CEO Underinvestment causing high prices: Qatar’s Kaabi Oil and gas markets may be tight for another Continue Reading
American drivers are starting to buy less gasoline as they feel the economic burden of record prices that continue to hover near $5 a gallon.In the first full week of June, gasoline sales at Continue Reading
Highlights Storage survey shows 70 Bcf weekly net build expected June 11-17 power burn highest for that week since 2012 NYMEX Henry Hub prompt falls to 7-week low June 21 Continue Reading
What exactly do you pay for when you buy fuel? What exactly do you pay for when you buy fuel? Well, that depends on whether you’re purchasing regular gasoline or Continue Reading
Germany faces certain recession if faltering Russian gas supplies stop completely, an industry body warned on Tuesday, and Italy said it would consider offering financial backing to help companies refill Continue Reading
Goldman Has Raised European Gas Price Forecast UK energy prices are set to rise more than 50% from current levels, as natural gas supplies continue to face disruption following Russia’s Continue Reading
Europe must race to replace sanctioned and curtailed Russian energy supply and should double down on efficiency and renewables, including nuclear power, the International Energy Agency (IEA) said on Wednesday. Continue Reading
A fire tore through part of Russia’s Novoshakhtinsk refinery on Wednesday just 8 kilometres from the border with Ukraine after drones were spotted flying over the oil plant. Social media Continue Reading
