Russia’s messages with missiles tell West to back off
The latest in a litany of horrors in Ukraine came this week as Russian firepower rained down on civilians in a busy shopping mall far from the front lines of Continue Reading
Decreasing Gas Demand and Oil Prices Push Pump Prices Lower
Since Monday, the national average for a gallon of regular gasoline has decreased by four cents to $4.85. Due to the delayed release of the Energy Information Administration’s (EIA) report Continue Reading
Natural Gas Prices To Rally As G7 Changes Its Tune On LNG Investment
The G7 reversed course this week regarding investment in natural gas, declaring support for investments in new LNG production. Since Russia invaded Ukraine, the European Union has had to reconsider Continue Reading
Oil Feels Sting of Recession Concerns as Weekly Losses Pile Up
Oil headed for a third weekly drop, its longest losing run this year, on concern that a potential recession will cut into energy demand. West Texas Intermediate fell toward $105 Continue Reading
Oil prices fall on recession fears, on track for third weekly loss
Oil prices fell on Friday, extending the previous day’s plunge, as lingering fears of a recession weighed on sentiment, putting the benchmarks on track for their third straight weekly losses. Continue Reading
Who Produced the Most Oil and Gas in 2021?
BP’s latest statistical review of world energy has the answer. According to BP’s latest annual statistical review of world energy, the top oil producer in the world in 2021 was Continue Reading
Analysts Hike Oil Price Forecast As Supply Concerns Intensify
Analysts polled by Reuters expect Brent to average $106.82 per barrel in 2022. This is the most bullish take on average oil prices so far this year. The experts polled Continue Reading
OPEC+ meets with little prospect of pumping more oil
OPEC+ enters a second and final day of meetings on Thursday with sources saying the group is unlikely to decide imminently to pump more barrels to the market beyond August. Continue Reading
Libya’s Crude Oil Exports Drop Sharply After Key Ports Halt
The Brega oil port in Marsa Brega, Libya. Source:: -/AFP/Getty Images Libya’s oil exports have fallen to about a third of last year’s level after the worsening political crisis prompted Continue Reading
Nigerian Experts Praise Trans-Saharan Gas Pipeline Project
As Europe seeks to wean itself off Russian natural gas, Algeria, Niger, and Nigeria have revived a decades-old, multi-billion-dollar gas project. The Trans-Saharan Gas Pipeline (TSGP) could send up to Continue Reading