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 […]
(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 […]
(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 […]
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 […]
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 […]
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 […]
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, […]
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 […]
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 […]
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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