By: Bobby Magill – Bloomberg Law – The tax and climate deal struck by Sens. Joe Manchin (D-W.Va.) and Chuck Schumer (D-N.Y.)...
(Bloomberg) — At a time when natural gas buyers are fighting over every last molecule, China — the world’s top importer of...
By: Mike Lee – EnergyWire – Oil field jobs, which plummeted during the pandemic and recession two years ago, haven’t recovered even...
The surge in US gas prices has caused demand destruction, a new survey by the American Automobile Association shows. The AAA found...
By: Reuters – The Kremlin said on Tuesday that a repaired gas turbine for Nord Stream 1, Russia’s biggest gas pipeline to...
Editor OilPrice.com. Russian President, Vladimir Putin, arrived in Tehran last week for the second time since he ordered the invasion of Ukraine...
By: Ben Werschkul – Yahoo Finance – One of Biden’s top energy aides confirmed Friday that the administration won’t extend the oil...
The United States became the world’s largest liquefied natural gas exporter during the first half of 2022, according to data from CEDIGAZ....
The world’s largest international oil and gas companies are expected to accelerate share repurchases, and some could raise dividends next week when...
From MarketWatch.com. Oil futures settled lower on Friday, pressured by signs of faltering gasoline demand in the middle of summer driving season,...
The EIA reported that commercial crude inventories climbed by 1.4 million barrels for the week that ended March 14. The government agency has now reported three consecutive weekly gains in crude supplies.
According to analysts surveyed by Platts, part of S&P Global Commodity Insights, the data were expected to show an average rise of 1.2 million barrels. Late Tuesday, however, the American Petroleum Institute reported a crude-inventory rise of 4.6 million barrels, according to a source citing the data.
The EIA also reported weekly supply declines of 500,000 barrels of gasoline and 2.8 million barrels of distillates. The survey forecast supply decreases of 2.3 million barrels of gasoline and 370,000 barrels of distillates.
The smaller-than-expected drawdown in gasoline inventories could indicate a “more healthy U.S. appetite for air travel,” said Tradition Energy’s Cunningham, especially in light of the larger-than-expected draw in distillates, which include jet fuel.
The EIA said gasoline demand fell, with total finished motor gasoline supplied, a proxy for demand, at 8.817 million barrels per day in the latest week, versus 9.182 million bpd a week earlier.
U.S. oil production changed little, at 13.57 million bpd in the latest week, the EIA said, while crude stocks at the Cushing, Okla., Nymex delivery hub declined by 1 million barrels to 23.5 million barrels.
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by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
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Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
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