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Home2022April

Month: April 2022

Why LNG Won’t Fully Replace Russian Gas In Europe
Exports

Why LNG Won’t Fully Replace Russian Gas In Europe

April 1, 2022 Clark Savage

Europe faces a number of challenges in importing more U.S. LNG. Long-term contracts prevent U.S., Qatari and Australian LNG producers from seriously boosting exports to Europe. Europe and Asia will compete for spot cargoes in […]

World’s Top Banks Financed Fossil Fuels With $742 Billion In 2021
Coal

World’s Top Banks Financed Fossil Fuels With $742 Billion In 2021

April 1, 2022 Clark Savage

The 60 largest banks in the world poured as much as $742 billion in fossil fuel financing in 2021 alone, a new report by environmental groups showed this week. Since the Paris Agreement was adopted in 2015, […]

EIA’s monthly hydrocarbon gas liquids storage data now includes end-user storage
EIA News

EIA’s monthly hydrocarbon gas liquids storage data now includes end-user storage

April 1, 2022

Yesterday’s release of EIA’s March 2022 Petroleum Supply Monthly now reports inventories of hydrocarbon gas liquids (HGL) that include volumes of ethane, propane, normal butane, isobutane, and natural gasoline at end-user storage facilities as part […]

China
Crude Oil News

By tapping the Strategic Petroleum Reserve, Biden risks national security

April 1, 2022 Stu Turley

President Joe Biden is harming national security by ordering the release of massive amounts of oil from the Strategic Petroleum Reserve. The release is a cynical political move, but it will backfire. Biden announced Thursday he […]

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