The department had considered cancelling the fiscal year 2023 sale of the 26 million barrels after the Biden administration last year sold a record 180 million barrels from the reserve. But such a cancellation would […]
That price decline came even though liquefied natural gas (LNG) exports jumped to their highest since May 2022 after a vessel picked up a cargo from Freeport LNG’s long-idled export plant in Texas and […]
Moscow’s trade partners have increasingly paid more for Russian crude than quoted prices suggest, Goldman Sachs said in a note, cushioning Russia from the impact of Western sanctions. The bank in a note dated Feb. […]
Michael Wirth, Chairman and CEO Chevron Corp., speaks during an interview on CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 1, 2022. REUTERS/Brendan McDermid Feb 13 […]
European natural gas prices fell to the lowest level in almost four weeks as confidence grows for stable power generation through the remainder of winter. Benchmark futures slid as much as 4.5% before paring some […]
The US government is moving urgently to nurture new offshore wind and carbon storage industries despite some economic hurdles, according to the nation’s newly minted ocean energy regulator. The tasks of overseeing the buildout of […]
Oil retreated as the dollar climbed and exports resumed from a key Turkish port.West Texas Intermediate futures dropped below $79 a barrel, after gaining more than 2% on Friday following Russia’s decision to cut oil […]
The price of spot LNG for delivery to north Asia dropped to $17 per million British thermal units (mmBtu) last week, the weakest since August 2021 and down 76% from the record high of $70.50 […]
An aerial view shows Vladimir Arsenyev tanker at the Kozmino crude oil terminal on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. REUTERS/Tatiana Meel Feb 13 (Reuters) […]
February 13, 2023 Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, February 2023 In our February Short-Term Energy Outlook (STEO), we forecast that U.S. refinery utilization will remain similar to 2022 at above 90% […]
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