US Natural Gas Prices Jump 9% as Winter Storms Boost Heating Demand, Freeze Wells and Pipes
(Reuters) – U.S. natural gas futures soared 9% in volatile trade on Monday as winter storms battered the eastern half of the country, causing output to decline as some oil…
US Plans More Sanctions on Tankers Carrying Russian Oil, Sources Say
By and U.S. to announce ‘very substantial package’ of sanctions, source says Russian oil companies, tankers, traders, insurers to be targeted, source says Tankers carrying oil above $60 per barrel…
Global Crude Exports Dip as Trade Routes Re-Shuffle Again
By Middle East oil exports to Europe fell 22% in 2024, Kpler data shows US boosts global oil trade share to 9.5% with shale production New refineries and pipelines alter…
Trump Weighing Executive Order Protecting Gas Stoves
Summary • Gas appliances linked to health issues, climate change• Republican states counter local gas restrictions with laws (Reuters) – President-Elect Donald Trump is weighing an executive order that seeks…
Exxon Mobil Sues California Attorney General, Environmental Groups
Jan 6 (Reuters) – Exxon Mobil (XOM.N) filed a lawsuit on Monday against California Attorney General Rob Bonta and several environmental groups, court records show. The lawsuit filed in the…
Exclusive: China’s Shandong Port, Entry Point for Most Sanctioned Oil, Bans US-Designated Vessels
By , and Ships cannot dock, unload or receive shipping services Ban on ports including Qingdao, Rizhao and Yantai May slow imports, push up costs for refiners, traders say SINGAPORE/BEIJING,…
U.S. Natural Gas Prices Fall 4% on Forecasts for Less Heating Demand this Week
U.S. natural gas futures fell about 4% on Tuesday on forecasts for less heating demand this week than previously expected and lower output reductions from freezing wells so far this…
US Winter Storms Could Cause Power Outages, Cut Natgas Supplies
(Reuters) – Freezing weather and snow storms across the U.S. could cause massive power outages over the next week and boost natural gas demand to its highest levels of the…
Oil Extends Rally as Bullish Momentum Overpowers China Woes
Oil extended a rally that has brought it to the highest in more than two months as shrinking US crude stockpiles and a risk-on tone in broader markets overshadowed signs of…
COMMENTARY: Solar and Wind Power Make Electricity More Expensive – That’s a Fact
By and As a new year dawns and winter takes hold, it’s worth considering the cost of energy. After a meeting in Italy last spring, the G7 countries (including Canada)…
