Moscow calls on Washington and Tehran to synchronize their steps to return to the Joint Comprehensive Plan of Action (JCPOA) on Iran’s nuclear program, Russian Deputy Foreign Minister Sergei Ryabkov told reporters on Wednesday. “From our standpoint, the United States’ return to the JCPOA is the key issue that needs …
Read More »US Becomes Main LNG Supplier to European Market in Q1 of 2021
The United States became the first largest supplier of liquefied natural gas (LNG) to the European market in the first quarter of 2021, overtaking Qatar, according to the latest report by Russia’s energy giant Gazprom published on Monday. “Thanks to a significant increase in associated gas production and the construction …
Read More »Iraq Surpasses KSA in Oil Exports to USA
The U.S. Energy Information Administration(EIA) has announced on Saturday a surge in Iraqi oil exports to the U.S. to up to 235,000 barrels per day, surpassing last week’s Saudi exports. According to a report released by the EIA, “Last week’s U.S. imports of crude oil from 9 different countries amounted …
Read More »Number of Active U.S. Drilling Rigs Increases This Week
The number of active drilling rigs in the United States increased five to 453 rigs this week, up by 114 year on year, according to the weekly data released by Houston-based oilfield services company Baker Hughes, Trend reports citing Xinhua. These active drilling rigs included 352 oil rigs operating in …
Read More »Hyundai Commits To $7.4 Billion Program to Build Electric Cars in US
The Biden administration is proposing an array of policy measures to encourage the sale of electric cars in the US — provided they are built in the US by American workers. GM has responded to the administration’s plans by announcing it will spend $1 billion to expand its factory in …
Read More »US Partnered with India as PM Modi Made Commitment to Deploy 450 GW Renewable Energy
The United States has partnered with India on climate change so as to help it meet its commitment to deploy 450 gigawatts (GW) of renewable energy, the Biden administration’s climate change envoy has told US lawmakers. “Prime Minister (Narendra) Modi has made a commitment to deploy 450 GW of renewable …
Read More »Shell Makes Significant Oil Find in U.S. Gulf of Mexico
Shell Offshore, a subsidiary of supermajor Shell, has made a ‘significant’ oil discovery in the deepwater region of the U.S. Gulf of Mexico. Shell said on Tuesday that it made a discovery of more than 600 feet (183 meters) net oil pay at multiple levels at the Leopard prospect. The …
Read More »Largest U.S. Fuel Pipeline Vows to Overcome Hack by End of Week
North America’s biggest petroleum pipeline is in a race against time to overcome a cyberattack that’s frozen fuel shipments before regional reserves of gasoline, diesel and jet fuel run dry. Colonial Pipeline said segments of its Texas-to-New Jersey line are being brought back online in steps, and substantially all service …
Read More »US Oil Traders Rush to Find Alternative Options after Cyber Attack Shuts Down Pipeline
Fuel suppliers are rushing to secure alternative methods of delivery to avert fuel shortages from Atlanta to New York after a ransomware attack shut down the nation’s biggest oil-products pipeline. Traders and fuel shippers are seeking barges and ships to deliver gasoline that would have otherwise been shipped on the …
Read More »Cyberattack Forces Shutdown of a Top U.S. Pipeline
One of the nation’s largest pipelines, which carries refined gasoline and jet fuel from Texas up the East Coast to New York, was forced to shut down after being hit by ransomware in a demonstration of the vulnerability of energy infrastructure to cyberattacks. The operator of the system, Colonial Pipeline, …
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