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Home2022

Year: 2022

Tanks and bodies mark path of Russian retreat near Kyiv
Geopolitical

Tanks and bodies mark path of Russian retreat near Kyiv

April 1, 2022 Mariel Alumit

Ukraine takes back more territory near Kyiv Huge fire in Russian logistics hub as peace talks resume Gas still flowing to Europe despite Putin threat Red Cross convoy again fails to reach besieged Mariupol Workers […]

offshore
Political

Biden signals third year of offshore oil-leasing delay in gulf

April 1, 2022 Mariel Alumit

(Bloomberg) — The Biden administration doesn’t anticipate selling offshore drilling rights in the Gulf of Mexico through at least October 2023, effectively stretching a delay in that activity to a third year, according to economic projections included […]

Cnooc weighs sale of $3 billion U.K. North Sea portfolio
Exploration and Production

Cnooc weighs sale of $3 billion U.K. North Sea portfolio

April 1, 2022 Mariel Alumit

(Bloomberg) — Cnooc Ltd. is considering a sale of its U.K. North Sea portfolio, in what could be one of the biggest disposals in the aging basin by a foreign firm in recent years, people […]

World Oil editorial: Biden’s latest energy move confuses the public even more
Opinion

World Oil editorial: Biden’s latest energy move confuses the public even more

April 1, 2022 Mariel Alumit

For the second time in a week, U.S. President Joe Biden has managed to confuse the American public, taking advantage of the average person-on-the-street’s lack of knowledge about the global oil market. This is what […]

International News

Russian Gas Flows To Europe Even After Putin’s Gas-For-Rubles Deadline

April 1, 2022 Mariel Alumit

Gas flows from Russia to Europe were uninterrupted on Friday morning. The Kremlin signaled on Friday that it would not cut off the supply immediately. Concerns could intensify later this month because payments from customers […]

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

Why LNG Won’t Fully Replace Russian Gas In Europe

April 1, 2022 Mariel Alumit

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 Mariel Alumit

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 […]

Nearly half of U.S. households use LED bulbs for all or most of their indoor lighting
EIA News

Nearly half of U.S. households use LED bulbs for all or most of their indoor lighting

March 31, 2022

U.S. households are increasingly switching to light-emitting diode (LED) bulbs; 47% report using LEDs for most or all of their indoor lighting in 2020, according to the most recent results from the Residential Energy Consumption […]

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