Latest data by the industry body American Petroleum Institute (API) showed...
Latest data by the industry body American Petroleum Institute (API) showed an increase of 1 million barrels of crude oil inventories in the US for the week ending January 17. This is the first increase in crude oil inventories after five weeks of continuous decline in inventories.
Official data from the US EIA (Energy Information Administration) is expected later on Thursday. EIA data will give a clear picture on the crude oil inventory levels in the US for the week ending January 17.
Market players are also analysing the potential impacts of the decision to impose tariffs on several nations by the US President, Donald Trump. They feel that such moves could impact the global economy. This in turn could impact the demand for commodities such as crude oil.
Italy Will Finalize Plan to Return to Nuclear Power by 2027
Italy looks to finalize by the end of 2027 plans...
Italy looks to finalize by the end of 2027 plans and legislation that would allow a return to nuclear power generation after more than four decades, Italian Energy Security Minister and Environment Minister, Gilberto Pichetto Fratin, told Italian business daily Il Sole 24 Ore in an interview published on Thursday.
Italy halted nuclear reactors after a referendum in 1987 following the Chornobyl disaster a year earlier. In 2011, Italians rejected again the use of nuclear power in yet another referendum.
But Italy’s current government led by Giorgia Meloni said last year that it plans to adopt legislation to return to nuclear power with the latest generation of small modular reactors (SMRs), as part of efforts to decarbonize industry.
Kinder Morgan to Build $1.7B Texas Pipeline to Serve LNG Sector
Kinder Morgan will build a 1.5-Bcf/d natural gas pipeline, the Trident...
Kinder Morgan will build a 1.5-Bcf/d natural gas pipeline, the Trident Intrastate, to move gas from the Houston area to the LNG and industrial corridor near Port Arthur, Texas, the company said Jan. 22.
The company expects the $1.7 billion, a 216-mile pipeline, originating in Katy, Texas, to begin service in first-quarter 2027, pending receipt of required permits and approvals.
Technological innovations, rising demand projections and major offshore...
Technological innovations, rising demand projections and major offshore discoveries from the Gulf of Mexico to Guyana are bringing deepwater drilling back into the spotlight as shale production shows signs of plateauing. Gulf of Mexico oil capacity is poised for significant expansion this year thanks to new projects such as Whale, Anchor and Shenandoah.
More news emerges from the flurry of executive orders. President...
More news emerges from the flurry of executive orders. President Trump signed an executive order rescinding Biden-era restrictions on oil drilling in the Arctic Ocean and Bering Sea and will further encourage oil development in Alaska. Additionally, he placed all federal DEI staff on paid leave and directed agencies to make plans to terminate them. Trump also ordered federal health agencies to stop external communications, including updating websites, posting to social media, and publishing scientific reports. An executive order tracker is available here.
President Trump ordered 1,500 additional troops to the southern border.
