Freeport LNG Pushes Back Restart
Freeport LNG has pushed back the date of its expected restart that it provided earlier in the month. Freeport LNG has been shut since June, and shared earlier this month Continue Reading
USA Pump Prices Post Longest Falling Streak Since 2015
Gasoline prices in the U.S. have fallen for 70 days straight. Gasoline prices in the US have fallen for 70 days straight, the longest down streak since January 2015. Pump Continue Reading
A ‘Tsunami of Shutoffs’: 20 Million US Homes Are Behind on Energy Bills
About 1 in 6 American households are behind on their utility bills, the highest number on record, according to the National Energy Assistance Directors Association. Photographer: Michael Nagle/Bloomberg Adrienne Nice Continue Reading
Oil Climbs as Easing US Stockpiles Adds to Tightening Outlook
Oil storage tanks in Cushing, Oklahoma. Photographer: Daniel Acker/Bloomberg Oil rallied for a second day as an industry report signaled another drawdown in US crude inventories, adding to a tightening Continue Reading
USA Henry Hub Gas Prices Climb to Record High
The commodity almost hit the $10 per MMbtu mark for the first time. U.S. Henry Hub prices have climbed to a record high, Rystad Energy analyst Lu Ming Pang highlighted Continue Reading
U.S. to announce $3 billion in new military aid for Ukraine -official
The United States will announce a new security assistance package for Ukraine of about $3 billion as early as Wednesday, a U.S. official said on Tuesday, in what would be Continue Reading
Meltdown averted but six months on, Russians face economic pain
Russia’s economy has avoided the meltdown many predicted after Moscow sent its forces into Ukraine six months ago, with higher prices for its oil exports cushioning the impact of Western Continue Reading
IAEA says it could visit Russian-held Zaporizhzhia nuclear plant in days
The U.N. nuclear watchdog will visit the Russian-occupied Zaporizhzhia nuclear power plant in Ukraine within days if talks to gain access succeed, it said in a statement on Tuesday. Russia Continue Reading
Germany touts possible ‘major role’ for Canadian LNG in shift away from Russia
Germany hopes Canadian liquefied natural gas (LNG) will help ease its shift away from Russian gas imports, Chancellor Olaf Scholz said on Tuesday, a day after Canada played down the Continue Reading
How Much Is Power in Europe? It’s Now Equal to Oil at $1,000 a Barrel
European power prices have soared so much that they’re now equal to more than $1,000 per barrel of oil. A gas crunch is the main driver — with Russian supply Continue Reading