Benchmark U.S. crude oil for November delivery rose $1.79 to $78.50 a barrel Tuesday. Brent crude for November delivery rose $2.21 to $86.27 a barrel.
Wholesale gasoline for October delivery rose 11 cents to $2.49 a gallon. October heating oilrose 13 cents to $3.26 a gallon. October natural gas fell 25 cents to $6.65 per 1,000 cubic feet.
Strike Halts Supplies from TotalEnergies’ French Refineries
Strike action is stopping refined products from leaving all five...
Strike action is stopping refined products from leaving all five of TotalEnergies SE’ refineries in France, and one of its fuel storage depots, a CGT union official told Reuters on Sept. 27.
No product is leaving TotalEnergies’ 240,000 bbl/d Gonfreville oil refinery, the 119,000 bbl/d Feyzin oil refinery, the 230,000 bbl/d Donges refinery and La Mede biorefinery, CGT union delegate Thierry Defresne said.
Very little product is currently leaving the 102,000 bbl/d Grandpuits refinery, and distribution will be halted on Sept. 28, a union official at Grandpuits told Reuters.
US, other nations pledge to increase hydrogen output
The US and other nations have agreed to a Japanese-led pledge...
The US and other nations have agreed to a Japanese-led pledge to increase low-emission hydrogen output to 90 million metric tons or more annually by 2030.More than 20 countries have joined the agreement, which Japan says helps participants reach "energy security, resilience and climate goals."
US petroleum product exports hit a first-half record
The US exported nearly 6 million barrels per day of petroleum...
The US exported nearly 6 million barrels per day of petroleum products in the first six months of 2022, a record for first-half-of-year exports and an 11% increase from the same period in 2021,according to the Energy Information Administration. Distillate fuel oil exports rose 19% from the first half of 2021, while propane and motor gasoline exports climbed by 6% and 11%, respectively, the agency reports.
Liquefied natural gas demand in Europe could surge 150% through...
Liquefied natural gas demand in Europe could surge 150% through 2040 if Russia doesn't resume natural gas flows to the continent via the Nord Stream 1 pipeline system, creating an opening for US LNG exporters to step in, according to a Rystad Energy report commissioned by the American Petroleum Institute and the International Association of Oil & Gas Producers. "To harness the power of U.S. LNG, we need smart and consistent policy support here at home, including strengthening domestic pipeline networks and energy export facilities, that will ensure both American consumers and global allies have access to the reliable energy that powers our modern world," said API Vice President of Natural Gas Markets Dustin Meyer.
