The biggest weekly price swings in two years show the power of speculative traders By Priscila Azevedo Rocha After a period of relative calm, intense volatility has returned to European gas prices. The region’s benchmark futures plunged 10% on Monday after surging 30% last week. There were real reasons for prices to be moving — …
Extreme Volatility Returns to Europe’s Natural Gas Markets Read More »
Summary Chevron’s export capacity from Venezuela could increase with new license terms US aims to sell Venezuelan oil at higher prices post-Maduro Funds from oil sales may eventually move to US banks, Energy Secretary Wright suggests (Reuters) – The U.S. is moving as fast as it can to grant Chevron an expanded license for its …
US Moving Fast to Expand Chevron’s Venezuela License – Energy Secretary Wright Read More »
(Reuters) – Oil prices were little changed on Monday, after rising in the previous session, as Iran’s deadly crackdown on protests quelled the civil unrest in the country, reducing the chance of a U.S. attack on the major Middle Eastern producer that could disrupt supplies. Brent crude was trading at $64.18 a barrel by 0158 …
Oil Prices steady as Ebbing Iranian Protests Lower Chance of US Attack Read More »
The U.S. offshore wind industry has faced other difficulties, including soaring inflation and supply chain snarls Bloomberg News Dominion said in court papers that it is losing about US$5 million a day on vessel contracts alone because of the Dominion Energy Inc. can restart construction of a wind project off the coast of Virginia while it continues …
Judge Says Dominion Energy Can Resume Wind Project U.S. Halted Read More »
(Reuters) – President Volodymyr Zelenskiy said on Saturday that he had ordered imports of electricity and additional power equipment to be accelerated as much as possible as Ukraine confronts its worst wartime energy crisis. The government has declared an energy emergency as the system, damaged by relentless Russian strikes, is meeting only 60% of electricity …
Ukraine’s Zelenskiy Orders Faster Imports of electricity, Power Equipment Read More »
Summary Companies Governors, Trump administration sign two-year price cap deal for future PJM power auction PJM grid covers 67 million people in 13 mid-Atlantic and inland states Rising power bills cause political backlash in PJM region(Reuters) – The White House on Friday urged the largest U.S. electric grid to conduct an emergency power auction to …
White House Seeks Emergency Power Auction for Largest US Electric Grid Read More »
Summary Chevron’s export capacity from Venezuela could increase with new license terms US aims to sell Venezuelan oil at higher prices post-Maduro Funds from oil sales may eventually move to US banks, Energy Secretary Wright suggests (Reuters) – The U.S. is moving as fast as it can to grant Chevron an expanded license for its …
Four Venezuelan banks were notified this week by the country’s government that they will split $300 million of oil revenues deposited in an account in Qatar, enabling them to sell dollars to Venezuelan companies that need foreign exchange to pay for materials, two financial sources and an analyst said. The injection of foreign capital …
Venezuelan Banks Sill get $300 million of Oil Money to Sell on Exchange Market Read More »
(Reuters) – The U.S. government is not currently considering using Venezuelan oil in an exchange with U.S. oil companies to refill the country’s Strategic Petroleum Reserve, the Department of Energy said on Friday. Earlier on Friday, Reuters reported that two sources said the Trump administration was exploring a plan that would deliver Venezuelan oil to …
Oil majors have grown more efficient in the years since the shale bubble burst in 2014, pumping record production with a fraction of the workforce. By Julia Fanzeres and Will Kubzansky An oilfield crew works a service rig during a state-funded oil well plugging operation in Midland. Photographer: Eli Hartman/Bloomberg The US oil and gas …
The 40% of US Oil Jobs Lost Over the Last Decade Aren’t Coming Back Read More »
