Tag Archives: United States of America

US President Joe Biden has blamed Russia for another crisis, saying his country might not be able to generate enough electricity to meet consumer demand. He partially blamed the ongoing conflict in Ukraine. Biden declared an energy emergency on Monday, saying national security and quality of life are jeopardized by …

Two oil companies could begin shipping Venezuelan oil to Europe as soon as next month to make up for Russian crude, resuming oil-for-debt swaps halted two years ago when Washington stepped up sanctions on Venezuela. The volume of oil that Italian oil company Eni SpA and Spain’s Repsol Sare expected …

U.S. crude oil imports from Iraq averaged 294 thousand barrels per day (bpd) in May, the Energy Information Administration (EIA) said in its monthly report. According to the report, May imports from Iraq amounted to 9.114 million barrels, up from 5.52 million barrels (average 184 bpd). Iraq’s oil exports to …

U.S. imports of crude oil from Iraq last week averaged 326 thousand barrels per day (bpd), the Energy Information Administration (EIA) said this weekend. In its weekly report on U.S. oil imports, EIA said that the U.S. net oil imports averaged 5.561 million bpd last week, down by 325 thousand …

U.S. exports of liquefied natural gas remained close to record levels last month, at 7.29 million tons, or the second-highest since records of such exports began. According to Refinitiv Eikon data, Reuters reported that the May total was a 12-percent increase on the year and also a substantial increase on …

The United States exported 7.29 million tonnes of liquefied natural gas (LNG) last month, second highest on record, as sales to Europe and South America expanded, according to Refinitiv Eikon data. The US is on track to become the world’s largest LNG exporter this year, topping Australia and Qatar, as …

Since Russia’s invasion of Ukraine upended global energy markets, the LNG industry has been grappling with many uncertainties. In fact, the only real certainty is that spot LNG prices will remain elevated for years to come, even if they don’t hit the most recent record highs again. Key demand centers …

The number of total active drilling rigs in the United States fell by 1 this week, after the 14 rig increase in the week prior, according to new data from Baker Hughes published on Friday. The total rig count slipped to 727 this week—270 rigs higher than the rig count …

U.S. benchmark natural gas prices jumped to above $9 per million British thermal units (MMBtu) early on Wednesday, driven by high LNG exports, warmer weather, and volatile trade ahead of the prompt-month contract expiry. As of 9:15 a.m. EST on Wednesday, the front-month natural gas futures at the Henry Hub, …

Oil was up on Monday morning in Asia as the U.S. peak driving season sees higher demand. Brent oil futures gained 0.63% to $110.71 by 12:26 AM ET (4:26 AM GMT) and crude oil WTI futures jumped 0.54% to $110.88. “Oil prices are supported as gasoline markets remain tight amid …