Brent-WTI Spread Widens To Over $8 As U.S. Gasoline Demand Slows
The spread between Brent crude oil prices and West Texas Intermediate (WTI) hit its widest level in over three years on Monday, with WTI down more than $8 compared to Continue Reading
Stuck in Reverse? Gas Prices Slide Lower
Lackluster demand for gas and lower oil prices led to pump prices falling again, down 17 cents since last week to $4.35. The steady decline is due to low domestic Continue Reading
Can The U.S. LNG Industry Live Up To Expectations?
Natural gas exports from the United States have soared since Russia invaded Ukraine and Europe began to look for natural gas elsewhere. While the U.S. has now become the largest Continue Reading
American Refiners’ Record Profits Won’t Last
Summer demand for gasoline in the United States has declined over the past two weeks. After nearing $60 per barrel in June, the U.S. 321 gasoline crack spread fell last Continue Reading
USA EIA Lowers Oil Price Forecasts
The U.S. Energy Information Administration lowered its Brent crude oil price forecasts. The U.S. Energy Information Administration (EIA) lowered its Brent crude oil price forecasts for 2022 and 2023 in Continue Reading
Russia’s Gazprom tightens squeeze on gas flow to Europe
Russia tightened its gas squeeze on Europe on Monday as Gazprom (GAZP.MM) said supplies through the Nord Stream 1 pipeline to Germany would drop to just 20% of capacity. Gazprom Continue Reading
Analysis: Russian gas flow too low to fill Europe’s storage
Russia’s cut in supplies through its main gas pipeline to Germany will leave countries unable to meet goals to refill storage and Europe’s biggest economy faced with rationing industry to Continue Reading
EU countries rewrite plan to cut gas demand, seek carve-outs
European Union countries are seeking to soften the bloc’s plan to require them to use less gas as Europe prepares for a winter of uncertain supplies from its main gas Continue Reading
High Energy Prices Force One In Six German Firms To Cut Production
One of every six German industrial companies feels forced to reduce production due to high energy prices, a survey by the Association of German Chambers of Industry and Commerce, DIHK, Continue Reading
Russian plants enjoy good fortunes, for now
Highlights State subsidies, renewed export flows boost processing economics Legislation changes, sanctions could pose new challenges Russian refineries are reaping the benefits of state subsidies for domestic production coupled with Continue Reading