FOB Gulf Coast cargo values gain week on week Lake Charles LNG inks deals; Driftwood LNG begins work US LNG export terminals churned near full capacity during the week ended Continue Reading
The U.S. has granted Iraq another 120-day sanctions waiver enabling continued cross-border imports of energy from Iran without triggering penalties, as efforts intensify to revive the 2015 nuclear deal that Continue Reading
The United States and its allies plan new sanctions on more sectors of Russia’s economy that are critical to sustaining its invasion of Ukraine, including supply chains, Deputy U.S. Treasury Continue Reading
After nearly a week of quiet following an outbreak of severe weather that tore through the Interstate 35 corridor in Texas and dropped a deadly EF3 tornado in downtown New Orleans, Continue Reading
Gasoline prices have soared this year, breaking records across the United States. Consumers are pointing the finger at Big Oil, but perhaps unfairly. Gasoline prices often lag behind oil prices, Continue Reading
Europe’s super serious about dumping Russian natural gas. And the big winner will be U.S. LNG. On March 25, President Biden and European Commission head Ursula von der Leyen took Continue Reading
U.S. oil exports have climbed following Russia’s invasion of Ukraine, and barrels of domestic oil that would typically go to the Cushing, Oklahoma, storage hub are instead being exported via Continue Reading
Seeking to soften the blow of higher gas prices on consumers, a handful of states have suspended their gas taxes, and several other states may soon follow. Gas prices, which Continue Reading
A senior US official has warned that a deal to save the nuclear accord with Iran is neither imminent nor inevitable as diplomatic efforts stall over Tehran’s demand that Washington Continue Reading
President Biden’s pledge to boost U.S. liquefied natural gas exports to Europe marks a further retreat from his hard-line stance against fossil fuels, sending share prices surging for natural-gas companies. Continue Reading
Shortages of staff and supplies are weighing on the recovery of US oilfields, derailing hopes that Texas drillers could unleash gushers of crude to help bring soaring global prices under Continue Reading
U.S. jobs and wages probably kept growing robustly in March and a key inflation measure may have reached a new 40-year high, reports that could push the Federal Reserve toward Continue Reading
Since Monday, the national average for a gallon of regular gasoline has decreased by two cents to $4.23. According to new data from the Energy Information Administration (EIA), total domestic Continue Reading
Powerful clouds of the greenhouse gas methane have been observed by satellite near a coal-mining basin in Alabama, highlighting an often overlooked climate impact from the dirtiest fossil fuel. Since Continue Reading
California diesel prices climbed 52.5 cents a gallon this week in the San Francisco Bay market because of a hydrotreater outage at Chevron Corp’s (CVX.N) Richmond, California, refinery, said West Continue Reading
Gas Prices Top $6 Per Gallon in California California Governor Gavin Newsom’s proposal to give $400 to every car owner to offset record-high gasoline prices has prompted criticism that it Continue Reading
The Biden administration is preparing sanctions targeting Russian companies it says provides goods and services for the military and intelligence services, including dual-use components used in weapons proliferation, U.S. officials Continue Reading
The U.S. is ramping up shipments of liquefied natural gas to Europe this year as the continent mounts a world-wide hunt for new supplies to phase out its reliance on Continue Reading
Frigid temperatures forecast for Midwest, Northeast Final storage pull now expected in EIA’s April 1 report NYMEX prompt-month gas futures top $5.50/MMBtu Frigid weather across the US Midwest and the Continue Reading
The US Energy Information Administration (EIA) published its Annual Energy Outlook (AEO) 2022 on March 3. figure 1 Three scenarios are shown in the chart above for a low oil Continue Reading
The West Texas Intermediate (WTI) oil price companies need to profitably drill a new well in the U.S. is increasing, according to the Dallas Fed Energy Survey. In the organization’s Continue Reading
U.S. refiners have begun snapping up fuel oil cargoes from the Middle East this month after U.S. President Joe Biden banned Russian oil imports over the country’s invasion of Ukraine, Continue Reading
The United States plans to accept up to 100,000 Ukrainians fleeing Russia’s invasion and is pledging $1 billion in new humanitarian aid, the Biden administration said on Thursday after a Continue Reading
Canada has the capacity to increase oil and gas exports by up to 300,000 barrels per day (bpd) by the end of 2022 to help improve global energy security following Continue Reading
The dollar’s share of global reserve currencies has been in steady decline over the past 20 years as central banks turn to nontraditional currencies, including the renminbi, to diversify their Continue Reading
As coronavirus infections rise in some parts of the world, experts are watching for a potential new COVID-19 surge in the U.S. — and wondering how long it will take Continue Reading
Startlingly large amounts of methane are leaking from wells and pipelines in New Mexico, according to a new analysis of aerial data, suggesting that the oil and gas industry may Continue Reading
Crude oil production in the United States grew faster during the first quarter of the year, the Dallas Fed reported in its quarterly industry survey, noting that costs also increased. Continue Reading
US natural gas in storage dropped by less than expected in what might be the final draw of the heating season, yet Henry Hub futures continue to build on recent Continue Reading
Highlights Canadian pipeline bottleneck ended Q4 2021 More pipeline, rail and barge projects in progress Canadian volumes ramping up, but not dramatically As crude oil prices have surged, so to Continue Reading
The United States will work to supply 15 billion cubic metres (bcm) of liquefied natural gas (LNG) to European Union markets this year, as Europe seeks to wean itself off Continue Reading
The European Union and the United States are set to unveil a deal on Friday to supply Europe with more U.S. liquefied natural gas (LNG), sources told Reuters, as the Continue Reading
European natural gas fell in anticipation of more liquefied natural gas supplies heading to the continent from the U.S. Benchmark gas futures declined 7%, after settling 4.6% lower on Thursday. Continue Reading
Data has historically been sparse on the impact of industrial facilities near tribal land. Although air pollution in the U.S. had been on a steady decline over the last two Continue Reading
EU leaders are expected to agree at a two-day summit starting on Thursday to jointly buy gas, as they seek to cut reliance on Russian fuels and build a buffer Continue Reading
The effort to revive the 2015 nuclear deal agreement now hinges on perhaps the most politically sensitive issue in the negotiations: whether to remove the U.S. terrorism designation for Iran’s Continue Reading
U.S. is “seriously considering removing the ‘Foreign Terrorist Organisation’ [FTO] designation from the IRGC. The FTO removal is seen as one of the very last obstacles in the Iran nuclear Continue Reading
The U.S. condemns the Houthi attacks over the weekend. U.S. National Security Advisor Jake Sullivan has announced that the U.S. condemns the Houthi attacks over the weekend against civilian infrastructure Continue Reading
While Europe appears to be turning to nuclear energy, high costs are stopping the U.S. from following suit. Only the US government has the borrowing capacity for the large-scale nuclear Continue Reading
Smallest crop in at least 30 years feared as planting approaches No awards in recent Japan, S. Korea tenders a potential sign of things to come Private demand also stalls Continue Reading
Richard Guebert is getting ready to plant corn, wheat and soybeans in southern Illinois, about 50 miles south of St. Louis. But for reasons connected to Russia’s ongoing invasion of Continue Reading
All Raquel Robles could do was watch the video on her phone, horrified and helpless, as first smoke, then fire, moved up her driveway and then destroyed the house she Continue Reading
Bloomberg: demand for drilling rigs in Canada has jumped to the highest in years. $100 oil has sparked change in the Canadian oil patch. Natural Resources Minister Jonathan Wilkinson said Continue Reading
Schlumberger, Halliburton, and Baker Hughes have not announced their withdrawal from Russia. FT: The current sanctions against Russia ban new investments of U.S. and EU companies in Russia’s energy, but Continue Reading
A worker guides drilling pipes at a gas drilling rig in the Lensk district of the Sakha Republic, Russia. The world’s three biggest oilfield service providers are halting future work Continue Reading
India’s oil imports from the United States will rise by 11% this year, officials said on Saturday, as the severely energy-deficient country looks to secure supplies from producers around the Continue Reading
Joe Biden and Xi Jinping failed to bridge their differences over the Ukraine war, with the US president warning of “consequences” if Beijing provided military aid to the Kremlin while Continue Reading
Biden tells Xi China would face costs from U.S. and wider world Xi says sanctions could trigger serious crisis in global economy Xi and Biden both stress need for diplomatic Continue Reading
California’s urban water users and farmers who rely on supplies from state reservoirs will get less than planned this year as fears of a third consecutive dry year become reality, Continue Reading
For parched areas of the western United States, spring is unlikely to offer relief. Rather, historic drought conditions will probably worsen, the National Oceanic and Atmospheric Administration announced Thursday in its Continue Reading
