U.S. commercial crude stocks and the country’s strategic reserves both fell in the most recent week as refiners ramped up output amid global supply tightness, the Energy Information Administration said Continue Reading
Crude oil imports into Canada in 2021 dropped to their lowest in more than three decades as domestic supply from pipelines increased while a major refinery in Newfoundland remained idle, Continue Reading
High pump prices appear to be deterring U.S. drivers at a time when gasoline demand typically picks up with warmer weather. A third straight weekly decline in gasoline demand brought Continue Reading
The next five-year offshore leasing program must be in place by July 1 – but it’s well behind schedule. Jeopardized American energy security and a cost of thousands of U.S. Continue Reading
The Biden administration is considering releasing up to 180 million barrels of oil over several months from the Strategic Petroleum Reserve (SPR), four U.S. sources said on Wednesday, as the Continue Reading
The unprecedented financial sanctions imposed on Russia after its invasion of Ukraine threaten to gradually dilute the dominance of the US dollar and result in a more fragmented international monetary Continue Reading
Highlights Houston Ship, Katy basis weaker vs. March 2021 Permian implied eastbound transmissions rising Midcon hubs offer attractive spread from Waha Widening basis discounts in the East Texas gas market Continue Reading
Two weeks after Russia invaded Ukraine, Brazil’s agriculture minister was on a plane to Canada to head off a potential crop crisis. Brazil, one of the world’s largest agricultural producers, Continue Reading
A closely watched recession signal flashed red on Tuesday, as investors fretted that the Federal Reserve’s efforts to tame inflation will bring about a sharp slowdown in US economic activity. Continue Reading
Last year, bankruptcies in the U.S. shale patch hit record levels. Now, dozens of companies have been successfully emerging from Chapter 11 bankruptcy protection, with M&A their preferred modus operandi. Continue Reading
