The US’s biggest offshore wind lease sale has attracted record bids of more than $3bn as renewable energy developers compete to secure a prime location to install turbines. The US Continue Reading
Highlights Total US production hits two-year high Long-term price gains encourage production growth: Platts Analytics Central Appalachia weekly coal production surged to the highest level in over nine years, according Continue Reading
US natural gas inventories for the week ended Feb. 18 fell in line with market expectations, which was below the five-year average decline for the first time this year. Receive Continue Reading
The American Petroleum Institute (API) estimated the inventory build this week for crude oil to be 5.983 million barrels after analysts predicted a build of 767,000 barrels . U.S. crude Continue Reading
President Joe Biden on Tuesday rolled out the first of what the U.S. says could be an ever-fiercer, ever-broader cascade of financial sanctions and penalties over Russia’s moves against Ukraine. Continue Reading
NATO ambassadors gathered Thursday morning for an emergency meeting in response to Russia’s invasion of Ukraine with a pledge to defend alliance members and support Ukraine, which isn’t a member. Russia’s attack Continue Reading
Highlights Russia-Ukraine risks keep oil prices elevated DOE offered 50 million barrels in November US SPR inventory falls to lowest in 19 years The Biden administration signaled Feb. 22 that Continue Reading
Output hits seven-week high at 94.6 Bcf/d on Feb. 22 Freeze-off risk abates as coldest winter days wane Rig count now at 752, highest since March 2020 Following an early Continue Reading
The Biden administration has delayed issuing permits for new oil and gas drilling on federal land, a move that could complicate efforts to tame gasoline prices that are poised to Continue Reading
U.S. sanctions on Russia’s sovereign debt put global investors on notice that the securities could tumble further even after the steep declines they’ve experienced as the Ukraine crisis escalated. While Continue Reading
