Source: Graph by the U.S. Energy Information Administration, based on data from CEDIGAZ In 2021, a large share of Europe’s supply of liquefied natural gas (LNG) originated in the United States, Qatar, and Russia. Combined, these […]
We’re spending more on gasoline this month, and this year. In the first half of February, the price of the U.S. oil benchmark, WTI, climbed to an eight-year high of $95 per barrel, from $88. This rapid […]
Source: WSJ Spurred by the highest oil prices in years, shale companies are moving drilling rigs back into oil fields that were all but abandoned a few years ago. Private oil producers are leading an industry […]
Vistra Corp. was once again forced to shut down part of California’s biggest battery storage system after some components malfunctioned. The company took offline its 100-megawatt Moss Landing battery facility after a safety system activated […]
Higher net crude oil imports are set to make the United States a net petroleum importer this year again, as in 2021, after a historic shift of being a net petroleum exporter in 2020, the […]
ENB Publishers Note: The inflation and commodities boom has been negatively impacted by the 25 years of bad energy policies. Printing money to get to Carbon Net-Zero without a plan has been devastating for consumers […]
This week, U.S. energy firms added oil and natural gas rigs for a seventh week in a row for the first time since February 2021 after crude prices this week soared to their highest since […]
Source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), February 2022 We forecast that U.S. natural gas marketed production will increase to an average of 104.4 billion cubic feet per day (Bcf/d) in 2022 and then further increase to a […]
“That’s the max,” chief executive Rick Muncrief told analysts today, citing the steep backwardation in the oil market due to uncertainty around the potential return of Iranian supplies as well as other factors. “That’s why […]
Colgate Energy, a private equity-backed energy explorer in the Permian Basin that’s been preparing to go public, is also considering a sale after getting takeover interest, according to people familiar with the matter. The company […]
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