COMMENTARY: Big Oil Won’t Keep Beating the Crude Market
By John D. Rockefeller, the godfather of the modern oil industry, called his tactic of purposely crashing oil prices and sending the stocks of his rivals into a tailspin “a…
US Crude Stocks and Gasoline Inventories Rise, Distillate Stocks Fall, EIA Says
(Reuters) – U.S. crude stocks and gasoline inventories rose while distillate stockpiles fell last week, the Energy Information Administration said on Wednesday. Crude stocks rose by 3.4 million barrels to…
US Natural Gas Futures Drop 7% on Lower LNG Export Flows
(Reuters) – U.S. natural gas futures fell about 7% on Wednesday on a drop in preliminary gas flows to liquefied natural gas export plants in Texas. That price drop came…
EIA Sees Henry Hub Natgas Prices Dipping in 2026 Before Climbing in 2027
(Reuters) – The Energy Information Administration (EIA) projects that the U.S. benchmark natural gas spot price at Henry Hub will decline by about 2% to just under $3.50 per million…
UK Awards Record Offshore Wind Capacity in Latest Auction
The UK on Wednesday awarded a record-breaking 8.4 gigawatts (GW) capacity of offshore wind in its latest auction round, which puts Britain “firmly on track to achieve its clean power…
Shell and Exxon Cancel North Sea Gas Asset Sale to Viaro Energy
ExxonMobil and Shell have decided not to proceed with a planned sale of their joint assets in the southern UK North Sea to Viaro Energy. Despite months of work to…
China’s Imports of Venezuelan Oil Set to Crumble
China is expected to see a plunge in imports of oil from Venezuela in February as the now month-long U.S. blockade has prevented many China-bound cargoes from leaving Venezuelan waters. …
Citi Sees $70 Brent in Near Term as Geopolitical Risks Mount
Brent Crude prices have the potential to hit $70 per barrel over the next three months amid heightened geopolitical risks, according to analysts at Citi. The investment bank raised its…
Nippon Sanso to build advanced materials centre for electronics in Japan
Japanese industrial gas company Taiyo Nippon Sanso Corporation will construct a new facility to develop advanced materials for the electronics industry in Tokyo, Japan. “At the new building, TNSC will…
BP Forecasts Up to $5 Billion Hit on Energy Transition Assets
BP expects to book up to $5 billion in impairments for the fourth quarter, mostly related to its energy transition businesses, while oil trading was weak and gas trading averaged…


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