US Crude Oil Inventories Continue To Falter, SPR Struggling To Pick Up the Slack
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 765,000 barrels…
How the U.S.-Iran Deal Put A Higher Floor Under Oil Prices
Analysts are back to expecting a huge oil glut next year as they see the U.S.-Iran deal as…
India Turns to Russia, Brazil, and Venezuela for Crude
The world’s third-largest crude importer, India, is accelerating efforts to diversify its oil imports in the wake of…
EU Made ‘Mistake’ in Phasing Out Nuclear, Von Der Leyen Says
(Bloomberg) — The European Union made a “strategic mistake” in turning its back on nuclear energy, Commission President…
China Call Could Stop Russia in Ukraine, US NATO Envoy Says
(Bloomberg) — China is providing crucial support for Russia’s aggression in Ukraine and could end the war with…
Exxon Says EU Methane Rules Would Add 13% to Refiners’ Oil Costs
(Bloomberg) — European Union rules intended to curb emissions of methane, a potent greenhouse gas, could add about…
Alberta Plans New Crude Oil Pipeline to Ship Energy Exports to Asia
After years of antagonism between the federal government and Alberta over additional outlets for crude, Canada and the…
EU to Soften Emissions Curbs on Companies in Flagship Market
(Bloomberg) — The European Union is set to relax emissions-reduction rules for thousands of companies, recalibrating the world’s…
Hungary Opposition Policymaker Seeks More Accommodation With
(Bloomberg) — Hungary’s opposition Tisza Party would end routine vetoes against European Union decisions, signaling a potential shift…
UK Set New Annual Heat and Sunshine Records Last Year
(Bloomberg) — The UK just wrapped the warmest and sunniest year ever recorded. The average temperature for the…