Source: U.S. Energy Information Administration, Annual Energy Outlook 2022 (AEO2022) Note: Biofuels are both shown separately and are included in petroleum and other liquids. In our Annual Energy Outlook 2022 (AEO2022) Reference case, we project that U.S. energy consumption will grow […]
Russian President Vladimir Putin’s war in Ukraine has jolted Europe’s slow-moving efforts to wean itself off Russian natural gas, but time is running out, threatening to leave consumers cold and factories idle by next winter. Whether the Kremlin […]
BERLIN, Feb 28 (Reuters) – E.ON (EONGn.DE), Europe’s largest operator of energy networks, rejected demands to shut down the Nord Stream 1 gas pipeline as part of sanctions against Russia for invading Ukraine, the company told […]
VILNIUS/WARSAW, Feb 28 (Reuters) – A natural gas pipeline called GIPL linking Poland and Lithuania will open on May 1, earlier than the scheduled mid-2022 start, linking the Polish grid with a route to a […]
Ukraine’s gas pipeline operator said on Sunday that the transmission of natural gas through its system was continuing “normally” and that it had not recorded a drop in pressure after an explosion in the area […]
Source: Graph by the U.S. Energy Information Administration, based on data from CEDIGAZ In 2021, a large share of Europe’s supply of liquefied natural gas (LNG) originated in the United States, Qatar, and Russia. Combined, these […]
Source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), February 2022 We forecast that U.S. natural gas marketed production will increase to an average of 104.4 billion cubic feet per day (Bcf/d) in 2022 and then further increase to a […]
The two-year Covid crisis put many markets on a wild ride—just look at U.S. Treasuries—but few have had a crazier time than crude oil: from total collapse in 2020 to the brink of $100 a barrel […]
“That’s the max,” chief executive Rick Muncrief told analysts today, citing the steep backwardation in the oil market due to uncertainty around the potential return of Iranian supplies as well as other factors. “That’s why […]
ConocoPhillips is supplying a Bitcoin mining project with natural gas from the Bakken shale of North Dakota in a first for a major U.S. producer. The gas supplied to the pilot project, owned and managed […]
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