The American Petroleum Institute (API) reported a surprise build this week for crude oil of 2.156 million barrels, while analysts predicted a draw of 400,000 barrels. The build comes as Continue Reading
The Energy Information Administration has lowered its forecast for crude oil production for this year and next, according to a new report. The Energy Information Administration (EIA) made several adjustments Continue Reading
President Biden on Tuesday signed the Chips and Science Act of 2022, directing financial assistance for the construction and expansion of semiconductor manufacturing facilities and other programs. Photo: Evan Vucci/AP Continue Reading
The Inflation Reduction Act budget reconciliation bill has passed the Senate and will now move for approval in the House. As well as extending the existing biodiesel and renewable diesel Continue Reading
Ukraine has suspended Russian oil pipeline flows to parts of central Europe since early this month because Western sanctions prevented it from accepting transit fees from Moscow, Russian pipeline monopoly Continue Reading
Debates in Germany have resurfaced over whether Europe’s biggest economy—severely hit by low Russian pipeline gas supply—should consider lifting its ban on fracking, The Globe and Mail reports . Fracking Continue Reading
The UK is planning on running short on natural gas this coming winter, resulting in blackouts, according to Bloomberg sources familiar with the government’s plans—even with emergency coal-fired power plants Continue Reading
Highlights Flows at Korneti entry point restarted on Aug 5 Gazprom suspended gas flows to Latvia on July 30 Latvia to ban Russian gas imports from 2023 Gas flows into Continue Reading
Will Europe Get Enough Gas From Russia This Winter? The UK is planning for several days over the winter when cold weather may combine with gas shortages, leading to organized Continue Reading
Wildfires raged in southwestern France on Tuesday, destroying sixteen houses, burning 6,000 hectares, and forcing the evacuation of almost 6,000 people in an area already hit last month by huge Continue Reading
