US Gasoline Demand Unexpectedly Soars To Highest In Five Years As Inventories Crater

US Gasoline Demand Unexpectedly Soars To Highest In Five Years As Inventories Crater Two months ago, amid some major discrepancies in key points, the energy market was swept with...

Is This The Next Major Threat For Oil Demand?

Is This The Next Major Threat For Oil Demand? By Tsvetana Paraskova of OilPrice.com Manufacturing growth in the United States slowed in September to its lowest rate since the pandemic...

U.S. Crude Inventories Fell 1.36 Million Barrels Last Week: EIA

By Liz Moyer Investing.com -- U.S. crude oil inventories declined by more than expected last week, according to the Energy Information Administration. Crude oil inventories dropped by 1.356...

Exclusive-White House rules out ban on natural gas exports this winter

By Jarrett Renshaw and Trevor Hunnicutt WASHINGTON - The White House has ruled out any ban or curbs on natural-gas exports this winter, in a bid to help alleviate energy shortages in Europe,...

US Home Heating Costs Set To Surge 17%, Says Energy Group

US Home Heating Costs Set To Surge 17%, Says Energy Group Authored by Bryan Jung via The Epoch Times, Winter is coming, and experts are predicting that it will be an expensive one for...

FTX Acquires Voyager's Assets, Crypto Daily TV 28/09/2022

In Todays Headline TV CryptoDaily News: Crypto exchange FTX to acquire bankrupt Voyager's assets Bankrupt crypto lender Voyager Digital said that crypto exchange FTX has won an auction for its...

Ramping Up Renewables Can’t Provide Enough Heat Energy In Winter

Ramping Up Renewables Can’t Provide Enough Heat Energy In Winter Authored by Gail Tverberg via Our Finite World, We usually don’t think about the wonderful service fossil fuels...

Oil prices extend losses on fears aggressive Fed rate hike will curb demand

By Yuka Obayashi TOKYO - Oil prices slid on Wednesday, extending the previous day's losses, as investors braced for another aggressive interest rate hike from the U.S. Federal Reserve that they...

Stocks Decline as Traders Eye Supersized Fed Hike: Markets Wrap

The Stoxx 600 Index dropped 0.4%, paced by losses on real estate and miners. US equity futures also declined, with those on the tech-heavy and rate-sensitive Nasdaq 100 underperforming S&P 500...

Isolated U.S. Northeast could face energy shortages if rail shutdown proceeds

By Laila Kearney and Laura Sanicola NEW YORK - Northeastern U.S. states could face disruptions to fuel supplies if rail transport shuts down in coming days due to a labor dispute, industry...

Sky-High Prices Create New Age Of Energy Awareness

Sky-High Prices Create New Age Of Energy Awareness Authored by Dan Doyle via OilPrice.com, Following years of ‘Green Enlightenment, decision-makers are waking up to the fact that...

Warren Buffett Adds To His OXY Stock Holdings, But Is It A Buy Or A Sell Right Now?

Berkshire Hathaway increased its OXY stake nearly 27% up from 20.2%, according to a SEC filing on Friday, Sept. 9. This comes after the Federal Energy Regulatory Commission granted Buffett's...

WTI Slides After Biggest Crude Build In 5 Months, Record SPR Draw

WTI Slides After Biggest Crude Build In 5 Months, Record SPR Draw Oil prices are up this morning, a brief respite after yesterday's tumble (and 'death cross') and follows API...

U.S. oil output rises 1.7% June to highest since April 2020 -EIA

By Stephanie Kelly NEW YORK -U.S. crude oil production rose in June by 1.7% to its highest since April 2020, according to a monthly report from the U.S. Energy Information Administration on...

U.S. oil output rises 1.7% June to highest since April 2020 -EIA

U.S. crude oil production rose in June by 1.7% to its highest since April 2020, according to a monthly report from the U.S. Energy Information Administration on Wednesday.

U.S. Oil Inventories Fell by 3.3 Million Barrels Last Week: EIA

Breaking News By Liz Moyer Investing.com -- U.S. crude oil inventories dropped by more than expected last week, according to the Energy Information Administration. Crude oil inventories dropped by...

Nuclear Power Is Staging A Remarkable Comeback

Nuclear Power Is Staging A Remarkable Comeback Authored by Tsvetana Paraskova via OilPrice.com, As governments around the world struggle with a seemingly insurmountable energy crisis,...

Oil Prices Continue To Shed Gains On Small Inventory Build

The American Petroleum Institute reported a slight build this week for crude oil of 593,000 barrels. The build comes as the Department of Energy released a massive 8.1 million barrels from the...

Oil Prices Continue To Shed Gains On Small Inventory Build

The American Petroleum Institute reported a slight build this week for crude oil of 593,000 barrels. The build comes as the Department of Energy released a massive 8.1 million barrels from the...

Texas accuses 10 financial companies, including BlackRock, of 'boycotting' energy companies and orders state pension...

Texas comptroller Glenn Hegar announced that ten energy companies, including investing titan BlackRock, and 350 investment funds "boycott" fossil fuel companies in the state. Hegar claimed that...

Biden was wrongly blamed for rising gas prices. But he doesn't deserve much credit for the drop

There have been 71 straight days of declining prices to $3.88 a gallon as of Wednesday. Biden did order the release of about 1 million barrels of oil a day from the nation's Strategic Petroleum...

Oil Dips As Fear Of Recession Prevails On Market

WTI Crude was trading below the $90 a barrel mark, at $88.93, down by 1.73%. A strong dollar makes crude more expensive for holders of other currencies. Concerns about recession in major economies...

U.S. Natural Gas Storage Sees Minimal Injection as Exports Rise

The United States added only 18 billion cubic feet into its natural gas inventories for the week ending August 12. The low injection rate, compared to expectations of around 30 Bcf, pushed natural...

Renewables will total 22 percent of U.S. electricity generation in 2022, says government

Renewable energy will comprise nearly a quarter of electricity generated in the U.S. this year. The number represents an increase from 2020 and 2021, both of which saw about 20 percent generation...

Gas prices dropped below $4 in most states

In the U.S., average gas prices have dropped below $4 per gallon for the first time since March. But that doesn't mean drivers in all states are below the $5 threshold yet. Hawaiians currently pay...

Oil Inches Higher After EIA Reports Large Crude Inventory Build

Crude oil prices fell by 5.5 million barrels in the week to August 5. That's down from 9.3 million barrels a week earlier. Inventories increased by 1.2 million barrels, up from 1.1 million barrels...

Gas prices: Why they're finally plummeting

Gas prices have now fallen for more than 50 days straight. They are on track to sink by about 20 percent from June’s $5.02-per-gallon peak. Joe Biden is relieved, as are Americans, at least to...

Large Crude Draw Adds To Bullish Sentiment

WTI Crude •10 mins.   95.69 grotesque, +0.71 grotesque, -0.75%, -1.87% and 0.37% respectively. Brent Crude – 13 mins.   ...

High gas prices leading American drivers to shift lifestyle habits

64% of Americans say they have altered their driving habits or lifestyle since March. Eighty-eight percent have been driving less, while 74% have been combining errands. 56% have reduced shopping...

Brent-WTI Spread Widens To Over $8 As U.S. Gasoline Demand Slows

The spread between Brent crude oil prices and West Texas Intermediate hit its widest level in over three years on Monday. WTI down more than $8 compared to Brent as U.S. gasoline demand falls. The...

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