A 650,000-barrel-cargo of Venezuela’s oil chartered by Italy’s Eni (ENI.MI) is about to set sail carrying the first export of crude from the U.S.-sanctioned country to Europe in two years, Continue Reading
Chinese state-owned energy companies are negotiating investments in the expansion of Qatar’s North Field and are ready to close long-term supply contracts, Reuters has reported , citing unnamed sources. The Continue Reading
China’s May gasoline exports fell 45.5% from a year earlier and diesel exports plunged 92.7% despite stalling domestic demand, as companies ran short of export quotas, Chinese customs data showed Continue Reading
U.S. energy firms this week added oil and natural gas rigs for a second week in a row as crude production returned to pre-pandemic levelsand President Joe Biden slammed oil Continue Reading
Power demand in Texas hit a new all-time high on Thursday and will likely break that record on Friday and Monday as homes and businesses keep air conditioners cranked up Continue Reading
BofA Securities economists see roughly a 40% chance of a U.S. recession next year, with inflation remaining persistently high. They expect U.S. Gross Domestic Product growth to slow to almost Continue Reading
Waiving a century-old shipping law to let foreign-flagged vessels transport fuel between US ports — a favorite talking point of a US refinery sector trying to get the White House Continue Reading
The signs are growing that there could be a significant heat wave across the South, Southeast and Mid-Atlantic next week, with tropical humidity and highs 10 to 20 degrees Fahrenheit Continue Reading
The number of total active drilling rigs in the United States rose by 7 this week, according to new data from Baker Hughes published on Friday. The total rig count Continue Reading
White House is said to be considering limits on fuel exports. Limiting fuel exports is a politically sensitive decision. Fuel exports have been named as one of the factors contributing Continue Reading
