World Oil (Bloomberg) – War in the Middle East could cause the oil price to surge to $140 a bbl and bring the world to the brink of a recession, according to Ana Boata, head […]
World Oil (Bloomberg) – Senator Joe Manchin condemned the Biden administration’s decision to lift sanctions against Venezuela’s oil and gas sector, arguing the U.S. should instead turn to domestic crude production to fill any shortfall. Source: World […]
Nasdaq The U.S. Department of Energy said on Thursday it hopes to buy six million barrels of crude oil for delivery to the Strategic Petroleum Reserve in December and January, as it continues its plan […]
Nasdaq HOUSTON – Venezuelan state-run oil company PDVSA has begun contacting customers with crude supply contracts amid the temporary lifting of U.S. sanctions, two people familiar to the matter said on Thursday, moving to resume cash […]
Oil Price Around $7 trillion in global investments in natural gas supply are necessary to ensure enough gas and avoid supply crunches through 2050, according to the Institute of Energy Economics, Japan (IEEJ). Source: Oil […]
From wellhead to export terminal, Texas’ oil and gas industry is buzzing to new heights, continuing its resurgence after the COVID-19 pandemic’s economic ebb. Last month, Texas set a new barrel-per-day (mb/d) production record of […]
(Reuters) — Navigator CO2 Ventures has canceled its Heartland Greenway pipeline project aimed at capturing 15 million metric tons of carbon dioxide annually from Midwest ethanol plants and storing it permanently underground, the company said, citing “unpredictable” […]
The natural gas market in the European Union will remain turbulent in the coming winter even with the bloc’s storage facilities nearly full, Norwegian energy giant Equinor has warned. Gas reservoirs in the EU are […]
Resuming energy flows from Russia will help stave off deindustrialization, Steffen Kotre says Germany needs to bring the surviving branch of the Nord Stream pipeline online and resume gas imports from Russia, Bundestag MP Steffen […]
Israel‘s military has announced Saturday that it drastically stepped up airstrikes in preparation for its “next stage” of the operation against Gaza, in a statement many see as portending an imminent ground invasion. “We need […]
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