Tag Archives: United States of America

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 …

The U.S. and its European allies have approached several major natural-gas importers in Asia, including China, about sending their fuel to Europe if a conflict over Ukraine erupts, according to people familiar with the matter. President Joe Biden’s administration has spoken to officials in Japan, South Korea and India as …

Global gas markets are painting distinctly different pictures this week as supply uncertainty in Asia supports prices, but European markets are starting to see downside potential on the horizon. Mild weather in Europe and frigid forecasts for the US will drive price behavior in the coming days. Milder temperature forecasts …

The European Union is negotiating possible gas supplies with the United States, Qatar and Azerbaijan in case Russia cuts of stops its gas deliveries, EU foreign policy chief Josep Borrell said on Sunday, Trend reports citing the press service of EU. “We have to be prepared in case diplomacy fails. …

European officials are scrambling to lock down energy supplies they would need to keep their economies churning if hostilities around Ukraine imperil natural gas piped from Russia, and have turned to the U.S. for help finding backup sources beyond Moscow’s control. In recent weeks, as Russia has positioned more than …

European Commission President Ursula von der Leyen and US President Joe Biden pledged on Friday (28 January) to cooperate on guaranteeing Europe’s and Ukraine’s energy security amid a standoff triggered by Russia amassing troops at Ukraine’s border. In a joint statement put out on Friday – the result of several …

US oil may retest a resistance at $87.86 per barrel, a break above which could lead to a gain to $89.45. The rise on Wednesday confirmed an extension of the uptrend, which is riding on a wave 5. Based on the length of the wave 1, the wave 5 may …

The U.S. Administration is in talks with energy companies and major gas-producing countries globally about the potential for a large supply of natural gas to Europe in case Russian deliveries are interrupted if Russia invades Ukraine, U.S. officials with knowledge of the talks told CNN. Russia, which supplies over one-third …

Despite a crude oil inventory build in the latest EIA report, U.S. commercial petroleum stocks have declined in most of the weeks in the past year and a half, falling below seasonal averages for the past five years and even below the five-year average before the pandemic. The continuously declining …