PULLING FROM STORAGE: US Natural Gas Stockpiles Likely Fell by a Record 374 Billion Cubic Feet Last Week
U.S. energy firms likely pulled a bigger-than-usual 374 billion cubic feet of natural gas from storage last week as an Arctic freeze boosted heating demand, according to the average estimate…
US Crude Oil and Distillate Inventories Fell Last Week, Gasoline Rose, EIA Says
(Reuters) – U.S. crude stocks and distillate inventories fell while gasoline inventories rose in the week ending January 30, the Energy Information Administration said on Wednesday. Crude inventories fell by…
Trump’s India Pact to Make Big Dent in Russian Oil Revenue
U.S. President Donald Trump and Indian Prime Minister Narendra Modi shake hands as they attend a joint press conference at the White House in Washington, D.C., U.S., February 13, 2025.…
Oil Prices Rise on U.S.-Iran Tensions; Broader Selloff Caps Gains
Summary Investors monitor Washington-Tehran developments Drone attack and tanker incident in focus Prices also supported by US inventory draw (Reuters) – Oil prices rose on Wednesday after the U.S. shot…
US Says it Has Returned to Venezuela All $500 Million of Initial Oil Sale
(Reuters) – The United States has now returned to the Venezuelan government all $500 million from the initial sale of oil that was part of a deal reached between Caracas…
US Soon to Issue General License for Oil Production in Venezuela, Sources Say
(Reuters) – The U.S. government is working to issue as early as this week a general license allowing companies to produce oil and gas in Venezuela, as Washington seeks to…
Commonwealth LNG Strikes 20-Year Supply Deal With Mercuria as US Pushes LNG Export Growth
(Reuters) – Commonwealth LNG said on Tuesday it has signed a 20-year sale and purchase agreement to supply 1 million tons per annum of liquefied natural gas to Mercuria. Under…
US Refiners Struggle to Absorb Sudden Surge in Venezuelan Oil Imports
(Reuters) – Oil refiners on the U.S. Gulf Coast are struggling to absorb a rapid surge in Venezuelan crude shipments since last month’s flagship $2 billion supply deal between Caracas…
Marathon Petroleum Profit Beats as Margins Rebound From Multi-Year Lows
Feb 3 (Reuters) – Marathon Petroleum reported fourth-quarter profit above Wall Street estimate on Tuesday, as a 44% jump in refining margins underscored stronger operational performance after a prolonged downturn…
COMMENTARY: A $47 Bln Deal Heralds US Oil Boom’s Middle Age
By Robert Cyran NEW YORK, Feb 2 (Reuters Breakingviews) – The United States’ transformation into the world’s biggest oil producer has been dramatic. It is also mostly over. Thanks to…
Philippines To Add 422 MW Floating Solar Capacity Through $406 Million SunAsia-VinEnergo Partnership
