From Twitter: What is the Strategic Petroleum Reserve?
The Strategic Petroleum Reserve was created...
The Strategic Petroleum Reserve was created to protect the U.S. from severe disruptions to the global oil supply. But many environmental advocates argue that relying on it to manage shortages is only a stopgap measure https://t.co/bBxfdgSwRp
Customers of Entergy Arkansas can expect to see a 7.5% hike in their rates as the company...
Customers of Entergy Arkansas can expect to see a 7.5% hike in their rates as the company has gone to the Arkansas Public Service Commission asking for permission to raise rates.
The company announced it had made a filing with the commission to increase the Energy Cost Recovery (ECR) rate April 1. The ECR accounts for roughly 9% of a residential customer’s total monthly bill.
US crude closed at $105 while volatility was in control of prices
Crude oil prices managed another gain on Friday for the week but were still...
Crude oil prices managed another gain on Friday for the week but were still down 4% for the week as volatility gripped control over little progress seen in talks between Russia and Ukraine.
Prices for West Texas Intermediate crude for April delivery went up $1.72 to settle at $104.70 a barrel on the New York Mercantile Exchange.
Global benchmark Brent crude for May delivery closed up $1.29 at $107.93 on ICE Futures Europe.
April natural gas fell 13 cents $4.86 per 1,000 cubic feet.
U.S. energy firms this week reduced the number of oil rigs active in the United States even as oil prices continued to trade over $100 a barrel after Russia’s invasion of Ukraine stoked global energy supply concerns.
Overall, the total rig count, however, remained unchanged because drillers added some natural gas and other rigs this week.
Baker Hughes said that puts the total rig count up 252 rigs, or 61%, over this time last year.
U.S. oil rigs fell three to 524 this week, while gas rigs rose two to 137, their highest since October 2019.
