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This post was originally published on this siteBy Enverus The energy industry is feeling pressure from all sides — from a growing demand for energy diversification and a focus on production levels fueled by geopolitical events, to price inflation driving up costs while investors stand firm on their demand for capital discipline and more free […]

This post was originally published on this siteby Irina Slave More from Irina Slav Last week OPEC+ replaced the International Energy Agency as its secondary source for member production data with Rystad Energy and Wood Mackenzie. The news, broken by Reuters, which quoted an unnamed source from OPEC+, was the latest in a string of

This post was originally published on this siteThe new video interview series from EnergyNow Media hosted by Geoffrey   Visit our YouTube Page to Subscribe and don’t forget to hit the bell to catch our weekly ENERGY INNOVATIONS interview with the industries leading bright minds and emerging technologies. Each show will air at 9am MST every Tuesday morning. This

This post was originally published on this siteApril 1, 20221 U.S. liquefied natural gas (LNG) exports rose nearly 16% last month to a record high, according to preliminary Refinitiv data, with shipments to Europe continuing to dominate. U.S. LNG is in high demand as European countries try to cut gas imports from Russia following its

This post was originally published on this siteApr 1, 2022 (Bloomberg) OPEC struggled to deliver even a modest scheduled increase in oil supplies last month, when major consumers were urging the cartel to fill in the gap left by Russia. The Organization of Petroleum Exporting Countries rebuffed calls to open the taps even as Russia’s invasion

This post was originally published on this siteApr 1, 2022 (Bloomberg) Oil posted its biggest weekly loss in more than 10 years after the Biden administration ordered an unprecedented release of U.S. strategic reserves to tame rampant prices.West Texas Intermediate dropped 1% on Friday and over $14 dollars this week, the most since 2011. The U.S. plans to

This post was originally published on this siteDETROIT (AP) — New vehicles sold in the U.S. will have to average at least 40 miles per gallon of gasoline in 2026, up from about 28 mpg, under new federal rules unveiled Friday that undo a rollback of standards enacted under President Donald Trump. The National Highway

This post was originally published on this siteU.S. energy firms last week added oil and natural gas rigs for a second week in a row but growth in the rig count remains slow as drillers continue to return cash to shareholders from high crude prices rather than boost production. The oil and gas rig count,

This post was originally published on this siteApril 1, 2022 U.S. natural gas futures eased on Friday from a nine-week high in the prior session on forecasts for mild weather through mid April, which should cut heating demand and allow utilities to inject gas into storage in coming months. Front-month gas futures fell 5.7 cents,

This post was originally published on this site Two U.S. LNG projects took major steps toward launching this week as Russia's threats to cut energy supplies to Europe drives up demand and prices for the super-chilled fuel.