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Home2022

Year: 2022

crude oil
Crude Oil News

Russia’s seaborne crude oil exports keep coming

May 23, 2022 Mariel Alumit

(Bloomberg) — Russia’s seaborne crude exports are flowing unabated, despite European Union regulations that prohibit dealings with the country’s state energy companies. Shipments persist even as Ukrainian President Volodymyr Zelensky renews calls for more sanctions against Moscow. Overall […]

ExxonMobil
Exploration and Production

ExxonMobil Selling Shale Assets for $750MM

May 23, 2022 Mariel Alumit

ExxonMobil has announced that it has signed an agreement with subsidiaries of BKV Corporation for the sale of operated and non-operated Barnett Shale gas assets in Texas for $750 million. The deal includes additional payments, […]

U.S. coal exports
EIA News

FERC approves new natural gas pipeline projects to increase U.S. exports

May 23, 2022 Mariel Alumit

Our recently updated Natural Gas Pipeline Project Tracker tracks recently approved and completed natural gas pipeline projects. In the first quarter of 2022, the Federal Energy Regulatory Commission (FERC) approved three projects intended to increase […]

U.S. retail diesel prices increase to over $6 per gallon in the Northeast
EIA News

U.S. retail diesel prices increase to over $6 per gallon in the Northeast

May 23, 2022

On May 16, 2022, the average U.S. on-highway retail diesel fuel price was $5.61 per gallon (gal), a $2.00/gal increase from January 3. Although retail diesel prices have increased across the entire United States, prices […]

Global
Commodities

Column: Global diesel shortages herald imminent economic slowdown

May 23, 2022 Mariel Alumit

LONDON, May 19 (Reuters) – Global distillate fuel oil shortages signal the business cycle is peaking and a period of slower growth or even a recession is imminent to bring consumption back in line with […]

No Picture
International News

DRDO report finds serious battery defects in EVs that caught fire

May 23, 2022

According to sources in the know of the matter, these defects occur because the electric two-wheeler manufacturers like Okinawa Autotech, Pure EV, Jitendra Electric Vehicles, Ola Electric and Boom Motors may have used “lower-grade materials […]

diesel
Commodities

White House weighs use of emergency diesel reserve to ease supply crunch

May 23, 2022 Mariel Alumit

TOKYO May 23 (Reuters) – The White House is weighing an emergency declaration to release diesel from a rarely used stockpile in a bid to address a major supply crunch and blunt rising prices, an […]

SpaceX
Top News

SpaceX Scrubs Plan to Build Mini LNG Plant

May 23, 2022 Mariel Alumit

Elon Musk-owned SpaceX has scrapped plans to build a small-scale liquefied natural gas plant at the rocket company’s Boca Chica launch site in Texas, federal documents show. SpaceX no longer proposes to build a desalination plant, power […]

Trade Oil stock market down with $120 oil next year with Saudi Arabia's lead. -ENB
Crude Oil News

OIL FUTURES: Strong start to week for crude prices in view of tight products supply

May 23, 2022 Mariel Alumit

HIGHLIGHTS UK government not ruling out windfall tax Shanghai’s economy reopening uncertain Oil prices firmed in early Europe trading May 23 amid a tight market with low stocks, US fuel demand, and as Shanghai prepares […]

Exxonmobil -energynewsbeat.com
Exploration and Production

ExxonMobil to sell Barnett Shale assets for $750M

May 23, 2022 Mariel Alumit

ExxonMobil signed an agreement with subsidiaries of BKV Corporation for the sale of operated and non-operated Barnett Shale gas assets in Texas for $750 million with additional payments contingent on future natural gas prices. – […]

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