Tag Archives: United States of America

Higher net crude oil imports are set to make the United States a net petroleum importer this year again, as in 2021, after a historic shift of being a net petroleum exporter in 2020, the U.S. Energy Information Administration (EIA) said on Friday. A net petroleum importer is a country …

Europe’s call for U.S. liquefied natural gas continues to run hot in February and is poised to remain the top destination for U.S. shipments for the third month in a row, according to mid-month Refinitiv vessel tracking data on Tuesday. About three quarters of U.S. LNG volumes went to Europe …

The U.S. is exporting liquefied natural gas at a record pace these days, as gas prices and geopolitical tensions in Europe rise amid the energy crisis and the Russia-Ukraine standoff. LNG tankers were loading or being docked at each of the seven LNG export facilities in the United States on …

U.S. imports of crude oil from Iraq last week averaged 226 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. imports averaged 5.910 million bpd last week, down by 77 thousand bpd from …

The number of active drilling rigs in the United States rose by 22 this week—the 16th straight weekly increase to the number of oil and gas rigs in the United States, and the largest single-week rise since February 2018. The total rig count now sits at 635 as the price …

Through its affiliate TotalEnergies E&P USA Inc., TotalEnergies has announced its decision not to sanction, and to withdraw from, the North Platte deepwater project in the U.S. Gulf of Mexico. The decision not to continue with the project was taken “as the company has better opportunities of allocation of its …

The Permian has led U.S. shale production growth in recent months and will continue to do so in the coming months, but the oil price rally so far in 2022 has also driven increased drilling activity in other shale basins with higher breakeven prices. $90 oil is incentivizing more drilling …

An unexpected drop in US crude inventories did little to boost oil prices, with investors focused on the outcome of US-Iran nuclear talks on Thursday, which could see more Iranian oil barrels on the market. International benchmark Brent crude was trading at $91.19 per barrel at 0615 GMT with a …

The U.S. Administration is currently reviewing a request from Chevron to potentially allow the U.S. oil giant to take and trade crude from Venezuela as a form of payment for the millions of dollars the South American producer owes Chevron for its joint ventures there, Reuters reported on Monday, quoting …

China criticized U.S. President Joe Biden’s decision to extend tariffs on imported solar equipment, saying the act will “distort” international trades of the renewable energy product. “The U.S. government insisted on the extension regardless of the strong opposition domestically and internationally,” the Ministry of Commerce said in a statement on …