California had its driest January since 1984, with the lack of rain and snow pushing drought conditions across the most populous U.S. state to nearly 100%. January was the second Continue Reading
Higher net crude oil imports are set to make the United States a net petroleum importer this year again, as in 2021, after a historic shift of being a net Continue Reading
The largest gas utility in the United States revealed a proposal on Thursday for what would be the largest green hydrogen network, according to a company press release . SoCalGas—a Continue Reading
Highlights Permian gas production reached 14.34 Bcf/d Feb. 18 Cash Waha Hub fell more than 20 cents in Feb. 18 trading Forecast warmer weather ahead for West Texas in near-term Continue Reading
Tankers were docked or loading at all seven U.S. liquefied natural gas export terminals for the first time Saturday, marking a small piece of industry history and setting up record Continue Reading
Forecast Highlights Global liquid fuels The February Short-Term Energy Outlook (STEO) assumes U.S. GDP grew by 5.7% in 2021 and will grow by 4.2% in 2022 and by 2.8% in 2023. We Continue Reading
Energy stocks powered through the broader market’s January 2022 slump and are poised to keep rising as long as oil prices stay high and worries about looming interest rate hikes Continue Reading
Crude oil production in the United States could reach 12.6 million barrels daily next year, which would be a record high on an annual-average basis, the Energy Information Administration said Continue Reading
Highlights Gasoline stocks fall 1.64 million barrels Implied demand hits 6-week high Cushing draw leads crude stocks down 4.76 million barrels US gasoline inventories posted a counter-seasonal draw in the Continue Reading
The Biden administration is considering a Chevron Corp (CVX.N) proposal to allow the U.S. oil major to accept and trade Venezuelan oil cargoes to recoup unpaid debt, four people close Continue Reading
