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Home2022June

Month: June 2022

gas prices
Exploration and Production

As gas prices hit records highs this exploration stock could be set to benefit

June 7, 2022 Mariel Alumit

Crude oil futures are hovering around $118 as traders try to get a better feel of the demand outlook. Recently announced relaxation of Covid measures in China could spur demand; yet, inflation is still strong, […]

U.S. Energy
Geopolitical

Russia Sanctions U.S. Energy Secretary

June 7, 2022 Mariel Alumit

The Russian Foreign Ministry has placed sanctions on U.S. Energy Secretary Jennifer Granholm along with 60 other U.S. citizens and top officials, Interfax news agency reports. On Monday, the Russian Foreign Ministry updated its blacklist to include […]

India
Crude Oil News

India in talks to increase Russian oil imports from Rosneft

June 7, 2022 Mariel Alumit

(Bloomberg) — India is looking to double down on its Russian oil imports with state-owned refiners eager to take more heavily-discounted supplies from Rosneft PJSC as international buyers turn down dealings with Moscow over its […]

Mendocino CA - Gas prices
Commodities

Record Crack Spreads, $9.77 A Gallon Gas And Why Pump Prices Seem To Go Up Faster Than They Go Down

June 7, 2022 Stu Turley

The most expensive gasoline in the United States can be found at the Chevron station in Mendocino, California, where a gallon of regular unleaded will set you back $9.46, and it would cost $289 to fill […]

No Picture
International News

Vedanta Aluminium largest smelter reduces GHG emissions intensity by 12 per cent in FY22

June 7, 2022

“Vedanta Aluminium…is proud to declare that its largest aluminium smelter has substantially reduced its GHG or greenhouse gas emissions intensity (carbon footprint) by around 12 per cent in FY22 over the previous fiscal, while increasing […]

No Picture
International News

Centre planning to import CNG in place of LNG to meet domestic demand

June 7, 2022

The oil ministry has asked GAIL and Petronet LNG to explore supply sources and shippers for importing CNG, they said. CNG is natural gas compressed under high pressure while LNG is gas supercooled to liquid, […]

Record U.S. natural gas demand this winter led to largest storage withdrawal in four years
EIA News

Record U.S. natural gas demand this winter led to largest storage withdrawal in four years

June 6, 2022

Net withdrawals of natural gas from U.S. storage totaled 2,264 billion cubic feet (Bcf) this winter (November through March). This amount is the most natural gas withdrawn from storage since the winter of 2017-18 and […]

No Picture
International News

India in talks to increase Russian oil imports from Rosneft

June 6, 2022

State processors are collectively working on finalising and securing new six-month supply contracts for Russian crude to India, said people with knowledge of the companies’ procurement plans.NEW DELHI: India is looking to double down on […]

Saudi Aramco
Crude Oil News

Saudi Aramco raises July OSPs for Asia, Europe while holding US prices

June 6, 2022 Mariel Alumit

Saudi Aramco raised all of its official selling prices across Asia, Europe and the Mediterranean for July-loading cargoes and kept US differentials unchanged, with Asia-bound barrels seeing the largest increases of between $1.80/b and $2.75/b, […]

Honeywell Ventures
Renewables Not Sustainable

UAE’s Masdar to develop 4 GW of renewable and green hydrogen projects in Azerbaijan

June 6, 2022 Mariel Alumit

The UAE’s Masdar said June 5 that it has signed two agreements to develop 4 GW of renewables projects in Azerbaijan, with the potential for an additional 6 GW in a second phase, which would […]

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