In a groundbreaking move towards a greener future, Victoria, the second-most populous state in Australia, has announced its decision to prohibit natural...
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Story By Chris Oberholtz |Fox Weather| America’s largest electric grid operator has issued a Level-1 energy emergency alert as the tremendous demand...
Story Credit: Terence West |EnergyPortal.eu| A major milestone has been reached in the global clean energy sector. In June, the capacity of...
Second-quarter profits for Shell and TotalEnergies took a significant plunge from the high earnings of 2022, as oil and gas prices, refining...
By: Yahoo – EQT, the biggest U.S. natural gas producer, entered into a liquefied natural gas (LNG) agreement with U.S. energy firm...
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By: Desert Sun – Central California residents once again found themselves blindsided and alarmed last month when a state task force found more than...
By: Reuters – The U.S. government will provide up to $700 million in funding to monitor and reduce methane emissions from the...
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President Biden landed in Israel as the world waited for evidence of whether a Hamas-linked group or Israel caused a devastating explosion yesterday at a hospital in Gaza City.
The explosion, evidently from a missile, killed hundreds of people and injured hundreds more. (This video, verified by Times journalists, shows the moment the blast destroyed the hospital.)
After Biden landed, he seemed to endorse Israel’s denial of responsibility. “Based on what I’ve seen, it appears as though it was done by the other team, not you,” he said. “But there’s a lot of people out there not sure.”
The U.S. crude inventory balance fell by 4.383M barrels during the week ended Oct. 13, according to the API. That contrasted with a 12.94M jump in the prior week to Oct. 6 led largely by a sharp decline in exports.
Aside from that balance, the API also noted a 1.005M barrel decline at the Cushing, Oklahoma delivery point for U.S. crude, versus the previous week’s draw of 0.547M. Cushing storage levels have dropped drastically this year, prompting concerns they might reach such critical lows to complicate operations at the storage hub.
On the fuel side, the petroleum trade group reported a gasoline inventory slide of 1.578M barrels and distillate stock drop of 0.612M barrels. In the prior week, gasoline saw a 3.645-M barrel build while distillates experienced a 3.535M drop.
It sounds like something out of a Netflix crime drama, but this one’s all...
In a move that is raising eyebrows across the global oil industry, ConocoPhillips has...
According to sources cited by Bloomberg, Shell is quietly exploring a potential takeover of...
A Houston-based fuel company says Tesla still hasn’t paid for millions of dollars’ worth...
Gavin Maguire| LITTLETON, Colorado-(Reuters) | U.S. exports of LNG so far this year have...
Source: EIA | Higher oil prices, increased drilling efficiency, and structurally lower debt needs...
by Bloomberg|David Wethe, Alix Steel | Energy Secretary Chris Wright sought to reassure US...
After months of tough negotiations and political tension, the United States and Ukraine have...
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Russia and Iran have cemented a preliminary energy pact that could dramatically reshape regional...
By Starr Spencer | S&P Global | Chevron, one of the biggest producers in the...
The global oil market is facing one of its most complex periods in recent...
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