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Home2022

Year: 2022

Russia's.
Geopolitical

Russia transfers Sakhalin-2 to new operator without compensation

July 1, 2022 Mariel Alumit

TOKYO — Russian President Vladimir Putin has ordered that the assets of Sakhalin-2, an oil and natural gas development project in Russia’s Far East, be transferred to a newly established Russian corporation without compensation. The […]

In Colombia, natural gas consumption has been exceeding production
EIA News

In Colombia, natural gas consumption has been exceeding production

July 1, 2022

In 2020, when drought resulted in decreased hydroelectric power, Colombia imported 14.2 billion cubic feet (Bcf) of natural gas, which helped the country meet natural gas demand for electricity, according to our recently updated Colombia […]

Significant volumes of gasoline and distillate move from the Gulf Coast to the East Coast
EIA News

Significant volumes of gasoline and distillate move from the Gulf Coast to the East Coast

July 1, 2022

The U.S. Gulf Coast is a key supplier of motor gasoline and distillate fuel to the U.S. East Coast. During March 2022, the East Coast received an average of 1.9 million barrels per day (b/d) […]

U.S. refinery capacity decreased during 2021 for second consecutive year
EIA News

U.S. refinery capacity decreased during 2021 for second consecutive year

July 1, 2022

Operable atmospheric crude oil distillation capacity, our primary measure of refinery capacity in the United States, totaled 17.9 million barrels per calendar day as of January 1, 2022, down 1% from the beginning of 2021. […]

Developers plan to add 6 gigawatts of U.S. offshore wind capacity through 2029
EIA News

Developers plan to add 6 gigawatts of U.S. offshore wind capacity through 2029

July 1, 2022

Power plant developers and operators have reported plans to install more than 6 gigawatts (GW) of offshore wind capacity at sites mostly along the U.S. eastern seaboard over the next seven years, according to our […]

UAE
Crude Oil News

UAE, Saudi Arabia Pumping Oil Near Limits: Macron

July 1, 2022 Mariel Alumit

Macron: Saudi Arabia and UAE are nearing the limits of their production capacity. Saudi Arabia’s production quota was raised 114,000 bpd in June and will be raised another 170,000 bpd in July. News about shrinking […]

Canada
Exports

Trudeau says Canada may expand LNG infrastructure to help Europe

July 1, 2022 Mariel Alumit

Prime Minister Justin Trudeau says Canada is looking at expanding energy infrastructure to help Europe over the “medium term” to transition away from Russian oil and gas. Trudeau, speaking to reporters in Elmau, Germany, at […]

lithium
Climate Crisis

Europe Mulls Classifying Lithium As Toxic. Climate Goals In Danger.

July 1, 2022 Mariel Alumit

A potential European Commission (EC) act to classify lithium as a Category 1A reproductive toxin in this year’s fourth quarter could undermine the European Union’s attempt to create and support a domestic battery materials supply […]

Gulf of Mexico
Energy Policy

In the Gulf of Mexico, Biden Is Picking Politics Over Policy

July 1, 2022 Mariel Alumit

The Biden administration has cast a troubling cloud over the energy outlook for the Gulf of Mexico. New oil and gas lease sales in the Gulf of Mexico have been halted at a time when […]

No Picture

Forward Curves, Part 3: How Do Curve Building Tools Work?

July 1, 2022

In our previous blog, Why Do Traders Need Forward Curves?, we identified some of the challenges that are faced when traders are trying to predict prices in the future. Curve building tools, such as CurveBuilder […]

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