Downstream

This post was originally published on this siteBILLINGS, Mont. (AP) — In the oil fields of northern Montana, industry veteran Mac McDermott watched crude prices whipsaw from $75 a barrel in January to more than $120 as Russia pressed its war in Ukraine, then down again when coronavirus worries in China raised the specter of […]

This post was originally published on this siteMar 18, 2022 (Bloomberg)Oil posted its first back-to-back weekly decline since December as intense volatility and geopolitical risks continued to upend markets. Futures in New York fell 4.2% for the five-day period to settle at $104.70 after swinging by more than $16 a barrel throughout the week. The

This post was originally published on this siteAn interior view shows a new pumping station of the Caspian Pipeline Consortium (CPC) near the city of Atyrau, Kazakhstan October 12, 2017. REUTERS/Mariya Gordeyeva WASHINGTON, March 18 (Reuters) – The U.S. Treasury on Friday told buyers to be cautious if they think certificates stating crude from the

This post was originally published on this siteby Irina Slave More from Irina Slav If there is one thing to be said about the International Energy Agency it is that it keeps its promises. Earlier this month, after it released a 10-point plan for reducing Europe’s dependence on Russian gas, the IEA promised another plan

This post was originally published on this siteU.S. natural gas futures eased on Friday with a slow rise in output and forecasts for less heating demand over the next two weeks than previously expected, which should allow utilities to start injecting gas into storage next week – about a week earlier than usual. That U.S.

This post was originally published on this siteMarch 18, 2022 The Biden administration on Friday said it would resume plans for oil and gas development on federal lands following a court ruling this week that temporarily restored a measure meant to factor the cost of global warming into federal decision-making. The announcement comes a month

This post was originally published on this siteBy: Scott Disavino – Reuters U.S. energy firms this week reduced the number of oil rigs active in the United States even as oil prices continued to trade over $100 a barrel after Russia’s invasion of Ukraine stoked global energy supply concerns. Overall, the total rig count, however,

This post was originally published on this siteMar 18, 2022 (Bloomberg) Hamburgers are sometimes described as “the perfect food” and sometimes as the source of all evil. They are delicious — well, a good one is. I haven’t had one, or any meat, in well over a decade. (See: “evil, source of all.”) But I very much remember the

This post was originally published on this siteMar 18, 2022 (Bloomberg) Oil pared gains after the biggest daily surge in 16 months pushed prices back above $100 a barrel. Futures in New York were trading near $104 a barrel after jumping 8.4% on Thursday. Crude has whipsawed this week on conflicting news about progress in peace

This post was originally published on this siteMarch 17, 2022 Midland, TX, March 17, 2022 (GLOBE NEWSWIRE) — Natural Gas Services Group, Inc. (NYSE:NGS) (the “Company” or “NGS”), a leading provider of gas compression equipment and services to the natural gas and oil industry, announces its financial results for the three months and full year