EIA Sees USA Crude Oil Production Rising in 2025
The U.S. Energy Information Administration’s (EIA) latest short term energy outlook (STEO), which was released last month, sees U.S. crude oil production, including lease condensate, rising to an average of…
Insight: Behind the scenes at LNG Canada
The first cargoes from LNG Canada have left Kitimat for customers in Asia, putting a remote corner of the west coast of British Columbia on the global energy map. The…
South Korea pressed to cut methane from LNG and oil imports
A new report from climate policy group Solutions for Our Climate (SFOC) and the consultancy Carbon Limits has called on South Korea to regulate methane emissions from imported liquefied natural…
Gas Prices Fall to $3.14 Ahead of July 4 as Middle East Risks Recede
U.S. gas prices have dropped to their lowest Independence Day level in four years, with the national average now at $3.14 per gallon, according to GasBuddy. The dip is driven…
Spain Grid Operator Vows Record Investments After Blackout
Spain’s national grid operator Redeia will plan for a record-high investments in its next strategic plan, chair Beatriz Corredor said on Monday as the blame game over who is responsible…
Oil Tanker Explodes Off Libyan Coast
An oil tanker has suffered an explosion off Libya’s coast, without causing any injuries or pollution, the vessel operator said on Monday, adding that the cause of the explosion is…
U.S. Natural Gas Giants Eye New Appalachia Pipelines
Rising demand for natural gas in the United States and a supportive administration are prompting U.S. natural gas producers and pipeline giants to begin to actively consider proposing new pipelines…
Hedge Funds Abandon Energy Stocks Amid Oil Price Slump
Hedge funds last week sold off stocks of energy companies at the quickest pace in 10 months as oil prices slumped following the announcement of a ceasefire in the 12-day…
Poland’s Orlen Ends Russian Oil Purchases
Poland’s refiner Orlen is ending ties with Russian oil as a long-term contract with Rosneft expires on June 30, in a move to boost energy security in the entire central…
Port of Antwerp–Bruges targets hydrogen and CO2 opportunities
Port of Antwerp–Bruges is targeting hydrogen imports and carbon dioxide exports as it aims to position itself as Europe’s chemical and logistics hub. By 2030, it aims to import one…
Iran Closes Strait of Hormuz Again and Says its Negotiating Team With U.S. is Heading to Switzerland
