EIA Reports Small Crude Build, Gasoline Draw
Crude oil prices moved lower today after the Energy Information Administration reported a crude oil inventory build of 2 million barrels for the week to June 3. This compared with Continue Reading
Pipelines unclogged, but Canadian crude now faces U.S. Gulf Coast glut
After long being deeply discounted for years because of a lack of pipelines, Canadian heavy crude is finally trading like a “North American” grade, moving in tandem with U.S. sour Continue Reading
US envoy expected to visit Beirut next week over Israel gas dispute
A U.S. mediator will visit Beirut next week to discuss a dispute over a maritime border with Israel, Lebanese Parliament Speaker Nabih Berri said on Tuesday, according to a parliament Continue Reading
The US Is Now Sending the Bulk of Its Export Gas to Europe
Ukraine in Talks to Purchase US LNG, Naftogaz CEO Says Europe has dethroned Asia as the biggest destination for US liquefied natural gas as the energy-starved region seeks to slash Continue Reading
Wildfires in US West Match Climate Projections ‘Eerily’ Well
The largest wildfires in New Mexico’s history belong to the same troubling increase in conflagrations, exacerbated by drought and rising temperatures, that have burned vast areas of the western United Continue Reading
As the Great Salt Lake Dries Up, Utah Faces An ‘Environmental Nuclear Bomb’
If the Great Salt Lake, which has already shrunk by two-thirds, continues to dry up, here’s what’s in store: The lake’s flies and brine shrimp would die off — scientists Continue Reading
‘Extreme’ heat to bake Texas, Southwest with highs topping 110 degrees
Temperatures are set to soar in Texas and the Desert Southwest this week, with readings topping 110 degrees and an escalating danger of heat-related illnesses. The National Weather Service is Continue Reading
Short-Term Energy Outlook
Forecast Highlights Global liquid fuels The June Short-Term Energy Outlook (STEO) is subject to heightened levels of uncertainty resulting from a variety of factors, including Russia’s full-scale invasion of Ukraine. Global macroeconomic Continue Reading
Premature Closure Of Houston Refinery Could Worsen The Fuel Crunch
U.S. refining capacity could take a hit from an earlier than planned closure of a major refinery in Houston, which could worsen the refining and fuel crunch in the country. Continue Reading
U.S. Gasoline Prices Jump $0.30 In A Week To Fresh Record Of $4.92
U.S. gasoline prices continue to surge, jumping by $0.30 a gallon in just one week to a new national average all-time high of $4.919 on Tuesday. Diesel prices also set Continue Reading