Arctic Blast Triggers Largest-Ever US Gas Storage Withdrawal

By US natural gas consumers withdrew more gas from storage last week than they ever have before as a powerful late-January storm boosted demand for the heating fuel while also…

Cheniere Submits Application to Build Massive LNG Plant in Texas

By Cheniere plans 24 mtpa LNG plant expansion in Texas Expansion to add four new LNG processing trains Cheniere aims for federal approval by May next year HOUSTON, Feb 5…

Elon Musk Alone Can’t Explain Tesla’s Owner Exodus

One of the biggest problems facing Tesla these days is the fact there are plenty of other EV options to choose from By Hannah Elliott Tori Horowitz loved her 2021…

Shell Maintains Buybacks Despite Weakest Earnings in Years

Solid cash flow allowed Shell (NYSE: SHEL) to keep the pace of its quarterly share buybacks and raise dividend despite posting weaker-than-expected earnings for the fourth quarter that were the…

Kuwait Eyes 4 Million Bpd Oil Production Capacity by 2035

Kuwait targets to raise its oil production capacity to 4 million barrels per day (bpd) by 2035 from just over 3 million bpd now, Kuwait Petroleum Corporation’s CEO and deputy…

India’s Top Refiner Cashes In as Oil Prices Slide

India’s largest state-owned refiner, Indian Oil Corporation (IOC), saw its net profit surge four times for the quarter ended December 31 compared to a year earlier as falling crude oil…

Traders Rush to Lock in Oil Prices Amid Iran Geopolitical Risk, More Venezuelan Supply 

Investors rushed to lock in oil prices at record levels in January amid concerns around Iranian crude supplies and more Venezuelan barrels heading to the U.S. Gulf Coast. Get the…

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…