• 4 minutes "Natural Gas Trading Picks Up Considerably Amid High Volatility" by Charles Kennedy - ...And is U.S. NatGas Futures dramatically overbought at the $6.35 range?
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 12 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days Revisiting: "The U.S. Grid Isn’t Ready For A Major Shift To Renewables" from March 2021 by Irina Slav at OILPRICE
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  • 10 mins What China is Learning from Russia's War in Ukraine and its Consequences
  • 14 hours Failure To Implement Russian Oil Ban Could Send Oil Crashing To $65
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News

Gasoline Prices Top $6 In California, $9 In Parts Of Europe

Gasoline Prices Top $6 In California, $9 In Parts Of Europe

May 18, 2022 at 13:26 | Charles Kennedy

Gas prices in both the United States and Europe hit new highs Wednesday, with average prices per gallon in California topping $6, compared to over $9 in Norway…

Oil, Gas Employment Will Take Five Years To Recover From Covid: Rystad

Oil, Gas Employment Will Take Five Years To Recover From Covid: Rystad

May 18, 2022 at 12:15 | Julianne Geiger

Oil and gas sector employment is on the road to recovery in the United States after the significant job shedding that took place during the pandemic era. But a full…

"Fossil Fuels Are A Dead End," UN Secretary-General Says

May 18, 2022 at 10:51 | Tsvetana Paraskova

Fossil fuels are a dead end and the only sustainable future for the planet is accelerating the energy transition, UN Secretary-General António Guterres said on Wednesday, launching the State…

Russia Increasingly Using Own Oil Tankers To Boost Shipments To Asia

Russia Increasingly Using Own Oil Tankers To Boost Shipments To Asia

May 18, 2022 at 10:29 | Charles Kennedy

Russia’s state-owned oil producers Rosneft and Gazprom Neft have started to use tankers of local state tanker operator Sovcomflot to ship their crude to Asia, Bloomberg reported on Wednesday,…

Saudi Oil Revenue To Surge 66% To $249 Billion On High Prices

Saudi Oil Revenue To Surge 66% To $249 Billion On High Prices

May 18, 2022 at 10:15 | Tsvetana Paraskova

Saudi Arabia is expected to see its oil revenues surge by 66 percent this year to around $249 billion on the back of higher oil prices and rising oil production…

Insurers Are Suffering Major Losses Due To Climate Change

Insurers Are Suffering Major Losses Due To Climate Change

May 18, 2022 at 10:14 | City A.M

Insurers are now suffering 3.6 times more losses from natural catastrophes than they were three decades ago, according to new research, which suggests insurance companies are being hit…

Russia Could Halt Gas Supply To Finland On Friday

Russia Could Halt Gas Supply To Finland On Friday

May 18, 2022 at 09:21 | Charles Kennedy

Russian could cut off the natural gas supply to Finland late on Friday or early Saturday, Gasum, the state-owned energy provider in Finland, said on Wednesday.     “Gasum considers…

Russia's Gas Flows Via Ukraine Plunged 50% In The Past Week

Russia's Gas Flows Via Ukraine Plunged 50% In The Past Week

May 18, 2022 at 08:46 | Tsvetana Paraskova

Russian natural gas flows to Europe via Ukraine have plummeted by 50 percent over the past week, according to Gazprom data compiled by Anadolu Agency, after Ukraine halted flows…

API Reports Inventory Draws In Crude, Gasoline Despite SPR Release

API Reports Inventory Draws In Crude, Gasoline Despite SPR Release

May 17, 2022 at 15:47 | Julianne Geiger

The American Petroleum Institute (API) reported a draw this week for crude oil of 2.445 million barrels, compared to analyst predictions of a 1.533 million barrel build. The draw comes…

Libyan Oil Deadlocked As Clashes Force PM-Designate Out of Tripoli

Libyan Oil Deadlocked As Clashes Force PM-Designate Out of Tripoli

May 17, 2022 at 14:42 | Charles Kennedy

Libyan prime minister-designate Fathi Bashagha was forced out of the capital Tripoli on Tuesday by armed militias backed by current interim Prime Minister Adbdul Hamid Dbeibah, who refuses…

Putin: Europe Committing “Economic Suicide” With Energy Sanctions

Putin: Europe Committing “Economic Suicide” With Energy Sanctions

May 17, 2022 at 14:23 | Julianne Geiger

If Europe were to ban crude oil and natural gas from Russia, it would be committing “economic suicide”, Russian President Vladimir Putin said on Tuesday. Putin added that attempting to…

United States To Release Venezuela From Some Oil Sanctions

United States To Release Venezuela From Some Oil Sanctions

May 17, 2022 at 13:41 | Julianne Geiger

Washington will start to relax restrictions placed on U.S.-based oil company Chevron with regards to its crude business in sanctioned Venezuela. Chevron will soon be able to negotiate directly with…

U.S. Set To Suggest European Tariff On Russian Oil Instead Of Embargo

U.S. Set To Suggest European Tariff On Russian Oil Instead Of Embargo

May 17, 2022 at 12:47 | Tsvetana Paraskova

The United States is considering proposing that European countries impose a tariff on Russian oil to allay concerns about the security of supply and surging oil prices, U.S. Treasury officials…

Hungary Says Complying With Russia Oil Ban Would Cost It $811 Million

Hungary Says Complying With Russia Oil Ban Would Cost It $811 Million

May 17, 2022 at 12:20 | Charles Kennedy

The biggest holdout to an EU embargo on Russian oil imports, Hungary, continues to dig its heels in, and has told the other European Union members it would need at…

New Trading Firms Replace Oil Majors In Business With Russia

New Trading Firms Replace Oil Majors In Business With Russia

May 17, 2022 at 11:01 | Irina Slav

New, small oil trading companies are replacing the commodity majors that are suspending their business relations with Russia amid Western sanctions against Moscow. Bloomberg reports that there are some…

Iraqi Government Prevents Chinese Parties From Buying Into Oil Deals

Iraqi Government Prevents Chinese Parties From Buying Into Oil Deals

May 17, 2022 at 10:24 | Charles Kennedy

The Iraqi government prevented three deals that would have seen greater Chinese ownership in its oil fields, Reuters has reported, adding that should that have happened, international companies would…

Saudi Aramco Considers Listing $30 Billion Trading Arm As Oil Prices Soar

Saudi Aramco Considers Listing $30 Billion Trading Arm As Oil Prices Soar

May 17, 2022 at 10:14 | Charles Kennedy

Saudi oil giant Aramco is discussing with major international banks the possibility of listing 30 percent of its trading arm, Aramco Trading, 100 percent of which could be valued at…

Russia Becomes One Of India’s Top 5 Oil Suppliers  

Russia Becomes One Of India’s Top 5 Oil Suppliers  

May 17, 2022 at 09:18 | Tsvetana Paraskova

Cheap Russian crude oil is attracting India’s price-sensitive buyers to the point that Russia became the fourth largest oil supplier to India in April, moving up from the 10th place…

Shell’s Brazil Wells Come Up Dry

Shell’s Brazil Wells Come Up Dry

May 17, 2022 at 08:48 | Irina Slav

Three exploration wells that Shell has drilled in Brazil in hopes of making the next big discovery have come up dry, Bloomberg has reported, citing an analyst with Wood…

Oil Prices Surge Past $113 As Shanghai Signals End Of Lockdown

Oil Prices Surge Past $113 As Shanghai Signals End Of Lockdown

May 16, 2022 at 12:54 | Charles Kennedy

Oil prices have topped $113 per barrel on optimism that China’s lockdowns are coming to an end and demand will not take a prolonged hit. …

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