For the first time, the US is supplying more natural gas to Europe than Russia sends by pipelines, according to the International Energy Agency. Europe is seeking alternatives such as US liquefied natural gas to Russian supplies after Gazprom PJSC slashed shipments through Nord Stream, its biggest pipeline to Europe, …
Read More »U.S. Supplies more Gas to Europe than Russia for the First Time
For the first time, the U.S. provided more liquefied natural gas (LNG) to Europe than Russia sends by pipelines, according to the latest data released by the International Energy Agency (IEA). Russia ships about 150 billion cubic meters of gas to Europe via pipelines every year, and another 14 billion …
Read More »U.S. Rig Count Slips
The number of total active drilling rigs in the United States fell by 3 this week, according to new data from Baker Hughes published on Friday. The total rig count slid to 750 this week—275 rigs higher than the rig count this time in 2021. Oil rigs in the United …
Read More »Qatar Takes No Sides in Nuclear Negotiations
The Qatari foreign ministry spokesperson stated that her country takes no sides in the ongoing indirect talks on reviving JCPOA between Iran and the US, adding that building trust between the two sides is a great challenge. Saying that Qatar’s role in the talks is only hosting the indirect negotiations …
Read More »US Says G7 Closing in on Russian Oil Price Caps
The United States said Monday that the G7 is closing in on a plan to force a lower price for Russian oil in what would be a major escalation of the campaign to punish the Kremlin for its invasion of Ukraine. “There is also consensus emerging… that the price cap …
Read More »Solar Industry Lashes out as Biden Lifts Tariffs on Chinese Panels
For US President Joe Biden, it’s a Hobson’s choice on Chinese solar panel imports. His new move to pause tariffs on imported Chinese-made silicone solar panels for two years has been either hailed or criticized. The announcement came in the middle of an ongoing investigation by the US Commerce Department. …
Read More »US Urges Oil, Gas Producers, OPEC to Increase Output
The United States is calling on all oil and gas producers, including the OPEC club of the largest oil exporters, to increase their output to rein in soaring gasoline prices, the US secretary of energy said on Sunday. “President Joe Biden has asked for all suppliers around the globe to …
Read More »US Oil Reserves Running Low
Washington has been actively selling from its Strategic Petroleum Reserve (SPR) over the past year to keep energy prices from rising even higher, Bloomberg reported on Friday, noting that the government can’t keep tapping the reserves forever. According to the report, over the past year almost 115 million barrels were …
Read More »Iraq’s Oil Exports to the United States Increased Last Week
The Energy Information Administration (EIA) Data showed that Iraq’s export oil to the United States increased to 555 thousand bpd in the last week. EIA stated in a report, “The United States oil exports recorded 6.144 bpd in the second week of June.” The top three source countries for U.S. …
Read More »U.S. Drillers Add 7 Rigs amid Oil Price Slide
The number of total active drilling rigs in the United States rose by 7 this week, according to new data from Baker Hughes published on Friday. The total rig count rose to 740 this week—270 rigs higher than the rig count this time in 2021, but insufficient to ease market …
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