TOKYO May 23 (Reuters) – The White House is weighing an emergency declaration to release diesel from a rarely used stockpile in a bid to address a major supply crunch and blunt rising prices, an […]
Hungary told its European Union counterparts that it will cost at least 770 million euros ($810 million) to revamp its oil industry as they wrangle over potential sanctions that would target Russian supplies. Prime Minister […]
While you may have heard me talk about the new pricing matrix and key factors influencing the prices, there is a complicated problem with diesel fuel at the pump. If you listen to the mainstream […]
U.S. gasoline futures, pump prices hit all-time highs WTI rises for third week, Brent down for first week in three EU embargo could take 3 mln bpd of Russian oil offline -Rystad Global stock markets […]
All 13 members of OPEC saw their production rise by just 153,000 barrels per day. OPEC’s collective production rose to 28.648 million bpd in April. Saudi Arabia, raised its production by 127,000 bpd to 10.346 […]
ENB Publishers Note: This is a critical part of the EU weening off of oil and gas exports. If China, Saudi Arabia, and Russia are able to move the world’s use of the Euro and […]
The U.S. average residential heating oil price ended the 2021-22 winter heating season at $5.13 per gallon (gal), $2.26/gal higher than at the same time last year, according to our Heating Oil and Propane Update. […]
Instead of taking steps to boost U.S. oil and gas production amid skyrocketing prices and the war in Ukraine, President Biden is standing by his green-energy goals and blaming fossil-fuel companies for the consequences. This […]
U.S. President Joe Biden outlined a series of steps the White House is taking to reduce high prices at the pump. The U.S. President called on Congress on Thursday to make American oil companies pay […]
War in Ukraine affects steel goods exports from both Ukraine and Russia. Shortage of steel tubing for wells has become the latest production constraint for U.S. shale. For U.S. oil drillers, steel tubing prices and […]
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