ESPO crude grade gains popularity in China. ESPO goes for around $1-$2 discount per barrel to the international benchmark Brent. High demand for the cheaper Russian crude relative to rival Continue Reading
U.S. crude oil stockpiles edged lower last week but gasoline inventories posted a larger-than-expected build on weakened demand, the Energy Information Administration said on Wednesday. Crude inventories (USOILC=ECI) fell by Continue Reading
In the second quarter of 2022, the Permian Basin attracted nearly half of all oil and gas investments in the U.S. as the importance of energy security grows. This investment Continue Reading
As anticipated, U.S. President Joe Biden refrained from declaring a climate emergency, which would grant him additional powers to deal with a national climate crisis, during his speech Wednesday at Continue Reading
Highlights Algonquin city-gates, Iroquois Zone 2 spike Algonquin J-system flows restricted to zero Power plant, LDC demand on Algonquin surge Natural gas prices in New England are up sharply over Continue Reading
The US Postal Service plans to boost its purchase of EVs based on what it says are refinements to the Postal Service’s overall network modernization, route optimizations, improved facility electric Continue Reading
The Department of the Interior has announced steps to bring the opportunity of offshore wind energy to the Gulf of Mexico. In response to President Biden’s call to advance offshore Continue Reading
Highlights Moscow’s shipped crude exports fall 300,000 b/d on month EU remains a key buyer of Russian oil in July Russian oil products head to Fujairah storage hub Russian seaborne Continue Reading
Russia resumed pumping gas via its biggest pipeline to Europe on Thursday after a 10-day outage, the operator said, allaying Europe’s immediate winter supply fears after President Vladimir Putin had Continue Reading
Russia resumed pumping gas via its biggest pipeline to Europe on Thursday after a 10-day outage, the operator said, allaying Europe’s immediate winter supply fears after President Vladimir Putin had Continue Reading
