Summary Brent and WTI post weekly declines of nearly 8% U.S. reports blowout job growth EU agrees on price caps on Russian refined oil products Russia says EU oil products ban will unbalance markets NEW […]
Saudi Arabia’s energy minister reiterated that the kingdom will remain cautious about raising oil production, even as several prominent analysts say rising demand will soon trigger a jump in prices.“I will believe it when I […]
ENB Pub Note: This will only “lite the fire” for the gas stove ban. Natural gas prices skyrocketed in New York and Boston as bitter cold descends, boosting demand for the furnace fuel. Next-day […]
WASHINGTON, Feb 3 (Reuters) – The Group of Seven rich nations, the European Union and Australia have set price caps for Russian diesel and other refined petroleum products to keep markets supplied while limiting Moscow’s […]
ENB Pub Note: Secretary Yellen’s comments only look at the price caps from her perspective. Looking at how the price caps actually work, look at India, China, and Russia. – The price caps don’t work. […]
Feb 3 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs by the most since June 2020, energy services firm Baker Hughes Co said in its closely followed […]
ENB Pub Note: This follows on the heels of BP announcing they are reducing investments in non-profitable renewable projects and billions of dollars of losses in a couple of wind companies. “Renewable is not sustainable […]
That put the gas contract on track to drop over 63% over the past seven weeks, its biggest seven-week collapse in history after weather in the U.S. Lower 48 states was the second warmest on […]
Senator Joe Manchin accused US Treasury Secretary Janet Yellen of “not following the law” on electric vehicle tax credits as automakers push the Biden administration to apply broad interpretations to a bill that he largely […]
The company seeking to build a controversial carbon dioxide pipeline through five states is offering to pay as much as $19 million for cooperation from an Illinois county that last fall passed a two-year moratorium […]
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