Trump announces that he will immediately revoke the offshore drilling ban imposed by Biden
Donald Trump, the U.S. president-elect, said Tuesday that he would move quickly to lift a ban on offshore oil and natural gas drilling announced by Joe Biden, the outgoing Democratic president.
Hess CEO gives upbeat forecast on oil demand, but says Guyana has only scratched the surface of its potential
HOUSTON, January 7 - Hess Chief Executive John Hess said on Tuesday that he believes the oil market is closer to being in balance than it is oversupplied, despite concerns…
Europe's imports of LNG are on the rise, but not to Asia's detriment: Russell
In December, Europe's LNG imports reached an 11-month record high. However, this was not at the expense Asia, who also saw higher arrivals. According to commodity analysts Kpler…
Oil services provider Flowco is seeking a valuation of up to $2 billion in its US IPO
Flowco Holdings, a provider of oilfield services in the United States said on Tuesday that it was seeking a valuation up to $2 billion for its initial public offer in the United States.
Trump weighing executive order protecting gas stoves, sources say
Two sources familiar with Trump's plans say that the President-elect is considering an executive order to protect gas appliances, such as stoves and heaters, from federal…
EUROPE GAS-Prices
The Dutch and British wholesale gas price continued to decline on Tuesday morning due to the milder weather forecasts next week, high winds speeds and stable supplies. According to LSEG…
Europe's imports of LNG are on the rise, but not to Asia's detriment: Russell
In December, Europe's LNG imports reached an 11-month record high. However, this was not at the expense Asia, who also saw higher arrivals. According to commodity analysts Kpler…
Australia shares are up; banks offset mining and energy stock losses
Investors took their cues from Wall Street's performance and boosted Australian shares for the fourth consecutive day. Gains in banks offset losses in energy and mining stocks.
Additional Sanctions Possible for Russian Oil tankers
The Biden administration plans to impose more sanctions on Russia over its war on Ukraine, taking aim at its oil revenues with action against tankers carrying Russian crude…
US Storm, Weaker Dollar Push Oil to 12-week High
Oil prices edged up to a 12-week high on Monday as a winter storm boosted demand for energy to heat U.S. homes and businesses, and on support from a weaker U.S. dollar and…
Biden bans offshore oil and gas drilling before Trump's term
The U.S. president Joe Biden has announced that he will ban all new offshore oil and natural gas development along the majority of U.S. coasts. This is a decision which…
Biden bans offshore oil and gas drilling before Trump's term
The U.S. president Joe Biden has announced that he will ban all new offshore oil and natural gas development along the majority of U.S. coasts. This is a decision which…
Bloomberg News: Biden will ban new oil drilling in vast areas of US Atlantic and Pacific waters
Bloomberg News reported that President Joe Biden will ban any new offshore oil and natural gas development on 625 million acres of U.S. coast territory (250 million hectares), effective immediately.
US National security advisor to visit India and discuss Chinese dams
A senior U.S. government official confirmed late Friday that the visit of U.S. National Security Advisor Jake Sullivan to New Delhi on Jan. 5-6 will include discussions…
Winter storms in the US could lead to power outages and a reduction of natgas supplies
According to energy analysts, the next few weeks could see massive power outages across the U.S. and a spike in natural gas demand. As a result of the "freeze offs" of oil and gas pipes and wells…
Data shows that US biofuel production increased in October as profitability improved.
According to AEGIS Hedging, the margins on biofuels helped U.S. producers of renewable diesel and biodiesel to increase their operations to multi-month levels in October.
Biden team offers nuclear pathway to hydrogen tax credit
Biden's administration announced on Friday that portions of nuclear power plant will be eligible for tax credits in order to produce clean hydrogen, if these credits prevent the reactors from being retired.
PDVSA 2024 Oil Exports Climb in Choppy Year
Venezuela's oil exports rose 10.5% last year despite political instability and changes to the U.S. sanctions regime on the country, as partners of state oil company PDVSA…
Biden Administration offers nuclear industry a path to hydrogen tax credits
The Biden administration announced on Friday that nuclear power plants would be eligible for lucrative tax credits if they produce what it calls "clean hydrogen" and if…
BOEM Advances Offshore Wind Leasing in Guam
In support of the current administration’s goals to deploy 30 gigawatts (GW) of offshore wind energy capacity by 2030 and 15 GW of floating offshore wind energy capacity by 2035…
