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This post was originally published on this siteThe Biden administration’s draining of the Northeast Gasoline Supply Reserve is another cynical ploy to disguise that its real goal is to raise gas prices. By Alex Epstein The Biden administration claims that draining the Northeast Gasoline Supply Reserve shows its commitment to low gas prices. In fact, […]

This post was originally published on this siteJune 14 (Reuters) – U.S. energy firms this week cut the number of oil and natural gas rigs operating to the lowest since January 2022, energy services firm Baker Hughes (BKR.O), opens new tab said in its closely followed report on Friday. The oil and gas rig count,

This post was originally published on this siteSummary Brent, WTI post highest weekly increase since April U.S. consumer sentiment deteriorated to seven-month low in June EIA upgraded oil demand growth estimates for 2024 slightly U.S. oil rig count hits the lowest since January 2022 NEW YORK, June 14 (Reuters) – Oil futures prices settled slightly

This post was originally published on this siteMarathon Petroleum’s 68,000 barrel per day crude oil refinery went under maintenance earlier this month, putting downward pressure on Bakken oil prices, a state regulator said during a press conference on Friday. All units at the Mandan refinery are currently under maintenance, according to Justin J. Kringstad, director

This post was originally published on this siteThe US election in November may leave certain Inflation Reduction Act programs and regulations vulnerable to repeal, according to KKR & Co.’s global head of infrastructure, Raj Agrawal. “Many of our clients are asking whether we think there is an electoral outcome that will result in the repeal of

This post was originally published on this siteAI is fueling a boom in the development of US data centers CEO says NextEra would consider restarting a nuclear plant Technology companies are so desperate to build massive data centers in the US that they’re asking clean-energy giant NextEra Energy Inc. to find them locations with enough electricity to

This post was originally published on this siteRobust demand and supply disruptions are setting the stage for much higher — and more volatile — natural gas prices this summer. First off, Asian consumption is staying strong, leaving less liquefied natural gas for Europe. India keeps taking some shipments, even as the worst of a heat wave

This post was originally published on this siteOil and ethanol advocates fight EPA pollution curbs in court Rule encourages electric vehicles chipping into fuel demand Bloomberg Advocates of rival petroleum- and plant-based fuels are joining forces to challenge new Biden administration pollution limits they say will unlawfully force automakers to sell electric cars while slashing demand for

This post was originally published on this siteBy John Kemp U.S. oil refineries have been processing petroleum at the fastest rate for the time of year since before the pandemic, but rising fuel inventories have begun to weigh on crack spreads and likely signal a slowdown ahead. Refineries processed 17.5 million barrels per day (b/d)

This post was originally published on this site(Reuters) – OPEC does not see a peak in oil demand in its long-term forecast and expects demand to grow to 116 million barrels a day by 2045, and may be higher, the secretary general said on Thursday. The International Energy Agency said in a report on Wednesday it sees