Energy prices in Europe are repeatedly breaking records even before winter really kicks in, and one of the most damaging cost crunches in history is about to get worse as the temperature starts to drop. A super price spike in […]
Of state-owned Kepco’s 53 coal-fired units, 8-16 will shut from 1 December to 28 February as part of the winter fine-dust management policy, the energy ministry said today. The ministry suspended 9-16 of 56 units […]
Enbridge Inc.’s proposal to keep its massive Mainline oil pipeline network full through long-term contracts was rejected by Canada’s top energy regulator in a win for some producers who want more flexibility to ship their […]
OPEC and its allies are increasingly inclined to ditch their plan to raise output next week, as a new virus variant triggered oil’s worst crash in over a year. The 23-nation alliance led by Saudi […]
Energy News Beat Publishers Note: There may be a dip in demand on the fear of the new variant B.1.1.529. That being said, the Texas Department of Health posted the following on their website. I […]
ENB Publishers Note: While looking at a long-term plan, shouldn’t we go back and start looking at CNG and LNG cars and trucks. With COP26 admitting that natural gas is needed, it would make sense […]
Source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update The average price that consumers paid at the pump for U.S. regular gasoline on the Monday before Thanksgiving this year was $3.40 per gallon (gal). This price […]
ENB Publishers Note: The SPR release is a political stunt. The average price for oil in the reserves is an estimated $29 per barrel. Coupled with releasing the sour crude that the refiners don’t want […]
Sen. Joe Manchin (D-W.Va.) is asking President Joe Biden to restart the construction of the Keystone XL pipeline as gas prices continue to skyrocket across the country. Gas prices have risen steadily since Biden took […]
Oil prices erased losses and jumped on Tuesday morning following the SPR release announcement Despite the seemingly big number, 50 million barrels, the U.S. release actually equals around two and a half days of American […]
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