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Home2022

Year: 2022

Crude Oil News

Iraq secures Iran gas imports in preparation for summer

May 13, 2022 Mariel Alumit

Iraq is to receive 50mn m³/d of gas from Iran during the four summer months, a supply it will remain reliant on for 5-10 years depending on finding alternatives, Iraq’s minister of electricity Adel Karim […]

IEA
Crude Oil News

IEA keeps oil demand forecast for 2022 steady: Update

May 13, 2022 Mariel Alumit

The IEA has kept its forecast for global oil demand this year unchanged at a level above its estimate of current supplies, but said with risks to its forecast “likely to the downside”, there is […]

OPEC - ENB
Crude Oil News

Opec cuts oil demand growth forecast further

May 13, 2022 Mariel Alumit

Opec has revised its oil demand forecast for this year further down, because of the impact of the war in Ukraine on the global economy, accelerating rates of inflation and Covid-19 restrictions in China — […]

Oil jumps 4% as U.S. gasoline prices hit record high
Commodities

Oil jumps 4% as U.S. gasoline prices hit record high

May 13, 2022 Mariel Alumit

U.S. gasoline futures, pump prices hit all-time highs WTI rises for third week, Brent down for first week in three EU embargo could take 3 mln bpd of Russian oil offline -Rystad Global stock markets […]

International News

Boris Johnson urges oil majors Shell, BP to invest in renewables

May 13, 2022 Mariel Alumit

(Bloomberg) — Boris Johnson urged the oil majors BP Plc and Shell Plc to invest “massively” in renewables to shore up the U.K.’s energy security, as soaring prices squeeze household budgets. The prime minister told […]

US natural gas production growth to exceed demand increases this summer: NGSA
IEA

US natural gas production growth to exceed demand increases this summer: NGSA

May 13, 2022 Mariel Alumit

US natural gas production will grow materially this summer comparedi with summer 2021, outpacing increases in demand, according to the Natural Gas Supply Association’s 2022 summer outlook. The producer association’s summer outlook, released May 11, […]

Marathon (MPC) Q1 Earnings Beat on Surging Refining Margins
Downstream

Marathon (MPC) Q1 Earnings Beat on Surging Refining Margins

May 13, 2022 Mariel Alumit

Independent oil refiner and marketer Marathon Petroleum Corporation MPC reported earnings per share of $1.49, which comfortably beat the Zacks Consensus Estimate of $1.12 and compared with a loss of 37 cents per share in the year-ago […]

Europes Plans urgently need to be revised - Various industry sources say - Image source NASA
International News

Europes Plans urgently need to be revised

May 13, 2022 Mariel Alumit

A leaked draft version of RePower EU, the policy strategy designed to liberate the European Union from ties to Russian fossil fuel imports, includes no mention of energy storage. The draft, seen by Energy-Storage.news, is […]

home-microgrid
Renewables Not Sustainable

US builder plans 200,000 home microgrids using zinc batteries

May 13, 2022 Mariel Alumit

The number of home microgrid communities is picking up, spurred by natural disasters, increasing energy prices and a desire to combat climate change. For example, energy costs were the main driver for the Silvies Valley Ranch outside […]

Ørsted and TotalEnergies
International News

Ørsted and TotalEnergies to Jointly Bid in Dutch Offshore Wind Tenders

May 13, 2022 Mariel Alumit

Ørsted and TotalEnergies have joined forces to jointly submit bids for the two Dutch offshore wind tenders, Hollandse Kust West VI and VII, with the aim to achieve net positive impact on biodiversity and the […]

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