Since mid-September 2020, wholesale propane prices at Mont Belvieu, Texas, the main U.S. hydrocarbon gas liquids (HGL) hub, increased to an average of $1.33 per gallon (gal) during the week ending September 24, 2021, the […]
The International Energy Agency called on Russia to supply more natural gas to Europe, saying the energy crunch was an opportunity for the country to show it’s a “reliable supplier.” Russia is meeting is contractual […]
HELSINKI: Finnish oil refiner and biofuels maker Neste on Thursday said it expects to be able to produce 1.5 million tonnes of biofuel annually for the aviation industry by end of 2023 versus about 100,000 tonnes currently. […]
China banned on all crypto transactions and vowed to root out mining of digital assets, delivering the toughest blow yet to the industry. Crypto-related transactions will be considered illicit financial activity, including services provided by […]
Source: U.S. Energy Information Administration, Natural Gas Monthly and Short-Term Energy Outlook (STEO) Based on our September Short-Term Energy Outlook, we expect industrial sector natural gas consumption to rise throughout 2021 and to exceed pre-pandemic 2019 levels. We forecast the growth […]
NEW YORK, Sept 22 (Reuters) – The administration of U.S. President Joe Biden is considering big cuts to the nation’s biofuel blending requirements, according to a document seen by Reuters, a move triggered by a […]
Source: U.S. Energy Information Administration (EIA), based on EIA’s Monthly Energy Review and data from the U.S. Census Bureau In 2020, the U.S. net merchandise trade value of energy products—the value of petroleum, natural gas, coal, and electricity exports less the […]
Source: U.S. Energy Information Administration, Weekly Petroleum Status Report and Working and Net Available Shell Storage Capacity Report Note: Crude oil inventories shown here are total stocks minus pipeline fill and stocks in transit by water, rail, and truck. Crude […]
Soaring gas prices that threaten to push up winter fuel bills, hurt consumption and exacerbate a near-term spike in inflation are another blow to a world economy just getting back on its feet after the […]
In an interview with CNBC that aired Wednesday, Mike Wirth, the CEO of Chevron, said that it would not invest in renewable energy, instead allowing its shareholders to use money earned from the company and “let them […]
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