U.S. Shale Won’t Fill Gap If OPEC+ Cuts Oil Production
The U.S. shale industry won’t step in to fill the gap left by an OPEC+ crude oil production cut, energy executives told Reuters on Tuesday. OPEC+ is set to review Continue Reading
Why The U.S. Will Not Ban LNG Exports
The White House intends to keep LNG exports to Europe flowing through winter. American LNG has been crucial in meeting demand in Europe, which is scrambling for gas supply and Continue Reading
Exxon signals strong Q3 earnings on natural gas pricing
Exxon Mobil Corp (XOM.N) on Tuesday signaled strong third quarter operating profits on the heels of the prior quarter’s all-time high as earnings from natural gas offset weaker refining and Continue Reading
US National Debt Tops $31 Trillion for First Time
America’s gross national debt exceeded $31 trillion for the first time on Tuesday, a grim financial milestone that arrived just as the nation’s long-term fiscal picture has darkened amid rising Continue Reading
German Grid Operator Warns of Potential Cuts to Winter Power Exports
The Amprion control room in Brauweiler, Germany. Photographer: picture alliance/Getty Images Germany’s largest power-grid operator said that the country may have to restrict electricity exports this winter as a last Continue Reading
UK Blocks Russia From Purchasing Array Of Services From British Firms
The UK has placed new sanctions on Russia, blocking its citizens and businesses from purchasing an array of services from British firms, over the Kremlin’s decision to annex four regions Continue Reading
UK looking at long-term gas import contracts to ensure supply security: PM
UK talking to market about commercial gas deal availability Norway, US, Qatar key gas suppliers to UK market Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Continue Reading
French refinery strikes continue at four sites
Strikes have disrupted TotalEnergies’ (TTEF.PA) oil products refining and delivery for an ninth day, with four of its French plants hit by continuing industrial action by workers, a CGT trade Continue Reading
Gazprom Resumes Flows to Italy via Austria as Spat Resolved
Russian gas supplies to Italy via Austria resumed, bringing some temporary relief to gas prices in Europe. Gazprom PJSC said it has found a solution with Italian buyers to overcome Continue Reading
Europe’s Diesel Crisis Is Far From Over
Europe’s diesel crisis is set to worsen as refinery maintenance and unplanned outages result in reduced supply. The benchmark diesel profit margins in Europe rose last week to the highest Continue Reading