Gas

Germany
Europe’s Power Prices Surge to New Record
Year-ahead electricity prices continue to soar in Europe, with German power prices, the European benchmark, jumping to over $508 (500 euro) per megawatt-hour on…
Crude Oil
Latin America’s Crude Exports Drop In August
Exports of crude oil and condensates from Latin America, excluding Venezuela, have fallen so far in August compared to high levels in July
CCS
Renewable Energy, Electrification Big Winners in Inflation Reduction Act
The U.S. House on Aug. 12 passed a bill with major implications for the power generation industry, joining the U.S. Senate in supporting the Inflation Reduction…
Crude Oil
More U.S. Sour Crude Heads to Germany to Replace Russia Oil
A second shipment of crude from a U.S. Gulf of Mexico offshore field has sailed for Germany, according to vessel tracking data and trade sources on Tuesday, as …
Carbon Emissions
EU Greenhouse Gas Emissions on the Rise, but Still Below Pre-pandemic Level
Greenhouse gas emissions across the European Union rose in the first quarter from a year earlier, but remained just below pre-pandemic levels, the bloc's statis…
LNG
Australia’s Santos to Proceed With $2.6 Bln Alaska Oil Project
Santos Ltd will proceed with its $2.6 billion Alaskan oil project, the Australian energy producer said on Wednesday after posting a four-fold jump in first-half…
Crude Oil
Shell to Shut Gulf of Mexico Crude Pipes for 2 Weeks in September
Shell on Tuesday said it plans to shut for two weeks in September a key crude oil pipeline in Gulf of Mexico that supplies oil to Louisiana refineries.
Crude Oil
Barclays Sees Crude Surplus in Near-Term, Cuts Brent Price View
Barclays lowered its Brent price forecasts on Tuesday by $8 per barrel for 2022 and 2023, as it expects a large surplus of crude oil over the near-term due to "…
Oil & Gas Supply
Europe’s Efforts to Shield Households From Soaring Energy Costs
Europe is facing a sharp rise in power bills driven by sky-rocketing gas prices, as war in Ukraine and European sanctions on Russia heighten concerns over the s…
Natural Gas
German Energy Market Would Collapse Without Gas Levy - Habeck
Germany had to introduce its new levy to help utilities cover the cost of replacing Russian supplies or else its energy market would collapse, Economy Minister …
Oil Field
Norway’s Climate Choice: Old Oil, Gas Fields Switch to Green Power or Close Early
Norway will have to phase out some of its old oil and gas fields prematurely to achieve its 2030 climate goals, unless it can use carbon-free power on more offs…
Oil Shale
Oil Output in Permian to Rise to Record High in September -EIA
Oil output in the Permian in Texas and New Mexico, the biggest U.S. shale oil basin, is due to rise 79,000 barrels per day (bpd) to a record 5.408 million bpd i…
CCS
Oil Industry Gears up to Tap U.S. Climate Bill for Carbon Capture Projects
Tax credits in the $430 billion U.S. climate and tax bill set to be signed into law this week will kickstart carbon sequestration projects, say oil and gas prop…
Electric Car
U.S. States Urge Postal Service to Halt Gas Vehicle Purchases
A group of 17 state attorneys general urged the U.S. Postal Service (USPS) to halt planned purchases of gasoline-powered delivery vehicles pending a new environ…
Natural Gas
Germany Hits 75% Gas in Storage Goal Ahead of Schedule
Germany reached in the middle of August its target to have its natural gas storage 75% full, two weeks ahead of plans, data from Gas Infrastructure Europe showe…

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Gas

Europe’s Power Prices Surge to New Record

Latin America’s Crude Exports Drop In August

Renewable Energy, Electrification Big Winners in Inflation Reduction Act

More U.S. Sour Crude Heads to Germany to Replace Russia Oil

EU Greenhouse Gas Emissions on the Rise, but Still Below Pre-pandemic Level

Australia’s Santos to Proceed With $2.6 Bln Alaska Oil Project

Shell to Shut Gulf of Mexico Crude Pipes for 2 Weeks in September

Barclays Sees Crude Surplus in Near-Term, Cuts Brent Price View

Europe’s Efforts to Shield Households From Soaring Energy Costs

German Energy Market Would Collapse Without Gas Levy - Habeck

Norway’s Climate Choice: Old Oil, Gas Fields Switch to Green Power or Close Early

Oil Output in Permian to Rise to Record High in September -EIA

Oil Industry Gears up to Tap U.S. Climate Bill for Carbon Capture Projects

U.S. States Urge Postal Service to Halt Gas Vehicle Purchases

Germany Hits 75% Gas in Storage Goal Ahead of Schedule