Downstream

This post was originally published on this siteSummary German energy industry reeling since war in Ukraine German regulator now has control of Schwedt refinery Schwedt refinery is a main fuel source for Berlin PKN interested in controlling stake in refinery – sources BERLIN, Sept 16 (Reuters) – Germany took control of a major Russian-owned oil […]

This post was originally published on this siteSpeaking to reporters after the Shanghai Cooperation Organisation summit in Uzbekistan, Putin blamed what he called “the green agenda” for the energy crisis, and insisted that Russia would fulfil its energy obligations. “The bottom line is, if you have an urge, if it’s so hard for you, just

This post was originally published on this siteSept 16 (Reuters) – Delta Air Lines Inc (DAL.N) plans to start receiving shipments of renewable fuel feedstocks at its Trainer, Pennsylvania, refinery as part of a strategy that could reduce its environmental liabilities by hundreds of millions of dollars, according to three sources familiar with the matter. The move

This post was originally published on this siteU.S. natural gas futures dropped about 7% to a five-week low on Friday+ with output holding near a monthly record and as global gas prices slumped. In what has already been a volatile week, that U.S. price decline came after prices dropped about 9% on Thursday due to

This post was originally published on this siteSept 16 (Reuters) – U.S. energy firms this week added oil and natural gas rigs for the first time in three weeks as relatively high crude prices encouraged some firms to drill more, mainly in the Permian Basin. The oil and gas rig count, an early indicator of

This post was originally published on this siteU.S. shale drillers are struggling to meet strong demand for gas from domestic generators as well as customers in Europe and Asia scrambling for replacement supplies following Russia’s invasion of Ukraine. Working inventories in underground storage amounted to 2,771 billion cubic feet on Sept. 9, the second-lowest for

This post was originally published on this siteCHARLESTON, W.Va. (AP) — A Maryland company announced Friday it will build a natural gas power plant designed to capture climate-changing carbon in northern West Virginia. Officials said it was made possible by a recently signed law embraced by Democratic Sen. Joe Manchin that gives tax breaks for

This post was originally published on this siteSummary Analysts, OPEC+ watchers, see $90 as price floor $100 oil helps industry investment, won’t hurt economy -source Russia favours $100 as it is forced to sell at discount -source OPEC+ policy is not driven by defending a certain price -source LONDON, Sept 16 (Reuters) – Saudi Arabia

This post was originally published on this siteSep 16, 2022 (Bloomberg) Oil headed for a third weekly decline as a deteriorating global economy stoked demand concerns while a strong dollar made the fuel more expensive for most buyers. West Texas Intermediate futures traded near $85 a barrel, with prices swinging in a range of less

This post was originally published on this siteSep 15, 2022 (Bloomberg) Shell Plc’s next CEO is seen as natural choice who will follow the course laid out by his predecessor — straight into a series of historic challenges. Wael Sawan, the head of gas and renewables who will take Shell’s top job on Jan. 1, will