Downstream

This post was originally published on this siteLONDON, May 6 (Reuters) – U.S. gas prices have surged to the highest level in real terms since the financial crisis in 2008 as strong demand for LNG from buyers in Europe and Asia puts pressure on inventories. Front-month futures for gas delivered to Henry Hub in Louisiana […]

This post was originally published on this siteMay 6, 2022 (Bloomberg) Oil closed Friday at a six-week high on signs the market is tightening as members of the European Union moved closer toward banning Russian crude. West Texas Intermediate futures posted its first back-to-back weekly gain in two months. The EU intends to ban Russian crude

This post was originally published on this siteMay 6, 2022 (Bloomberg) California energy officials warned the state may be at risk of blackouts for the next three summers due to power supply shortages and extreme weather. The state could be short about 1,700 megawatts this summer — enough power for about 1.3 million homes – and

This post was originally published on this siteMay 6, 2022 (Bloomberg) Occidental Petroleum Corp. shareholders rejected an environmental group’s proposal for the oil explorer to set more rigorous targets for greenhouse-gas emissions. Shareholders voted 83% against the proposal during its annual meeting on Friday, according to preliminary results issued by the company. The vote was a

This post was originally published on this siteU.S. energy firms last week added oil and natural gas rigs for a seventh week in a row amid high prices and prodding by the government, although most shale producers were prioritizing shareholder returns over new spending on production. The oil and gas rig count, an early indicator

This post was originally published on this siteEnergy Innovation Month is a month-long promotional campaign that will feature some of the latest and greatest innovation, technology, and research from experts across the energy sector. Be a leading innovative company and share your energy innovation or emerging technologies to our EnergyNow audience of over 240,000+ decision makers &

This post was originally published on this siteTwo day virtual event featuring experts, speakers & panelists from across the energy sector, and presenters sharing the latest innovations. GET TICKETS Tickets are FREE! EnergyNow is hosting its annual Energy Innovation Month and Company Showcase from May 25th – June 25th, 2022. This month-long event will feature

This post was originally published on this siteU.S. natural gas futures slid about 2% on Friday from a 13-year high the previous session on forecasts for a slow rise in output, milder weather and a drop in demand in the next two weeks. U.S. front-month gas futures for June delivery fell 20.2 cents, or 2.3%,

This post was originally published on this siteMUMBAI, May 6 (Reuters) – India is planning to reopen more than 100 coal mines previously considered financially unsustainable, as a heatwave-driven power crisis forces the world’s third-biggest greenhouse gas emitter to double down on the fuel after months of low consumption. State-run Coal India (COAL.NS), which accounts for

This post was originally published on this siteNEW YORK, May 6 (Reuters) – U.S. fuel prices have surged faster than crude oil prices in the last month, as the United States has shipped more refined products abroad to supply European markets following Russia’s invasion of Ukraine. Traders say the world’s stockpiles of fuel are not