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United States
U.S. Natural Gas Rise As Colder Weather Rushes In
U.S. natural gas futures rose this week as colder weather with snow came into parts of the country.
Crude Oil
Japan To Sell Crude Oil From State Reserves In February
Japan plans to auction in February 629,000 barrels of crude oil from its national reserves as part of a U.S.-led global effort by oil-consuming nations to lower…
Crude Oil
U.S. Oil Rig Count Jumps Along With Crude Prices
The number of active drilling rigs in the United States last week rose by 7, bringing the total to 586 as oil prices remain relatively strong despite the fresh …
Crude Oil
Marathon to Receive Second Release from U.S. Strategic Petroleum Reserve
The U.S. Energy Department awarded a second batch of crude oil from the strategic reserve to Marathon Petroleum Corp. as part of the Biden administration’s eff…
Crude Oil
South Korea To Release 3 Million Barrels Of Oil Reserves In Early 2022
South Korea will release 3.17 million barrels of its oil reserves in the first quarter of 2022 as part of the U.S.-led global effort by major oil-consuming nati…
Hydrogen Project
KBR to Look into Green Hydrogen in Trinidad and Tobago
U.S. engineering company KBR has been awarded a study to help establish a green hydrogen market in Trinidad and Tobago financed by the Inter-American Developmen…
Crude Oil
Oil Prices Reach Four-Week High on Declining U.S. Crude Stocks
Oil settled at the highest level in nearly a month after U.S. crude stockpiles decreased and economic data pushed equities higher.
LNG
CNOOC To Take First LNG Cargo From U.S. Exporter
China National Offshore Oil Corporation, the largest Chinese importer of liquefied natural gas, has signed a deal with U.S. firm Venture Global LNG to buy LNG f…
Energy Storage System
Doosan Heavy Industries & Construction to Build ESS in Australia
Doosan Heavy Industries & Construction (DHIC) announced on Dec. 15 that it will build an energy storage system worth 110 billion won in Australia along with its…
Crude Oil
Oil Prices Rise On Record U.S. Oil Demand
The price of WTI crude rose nearly 2% on Thursday on EIA reports that U.S. implied petroleum products demand had risen to record heights.
Oil Pipeline
Germany’s New Chancellor May Let Red Tape Delay Nord Stream 2 Start
German Chancellor Olaf Scholz, under pressure from the U.S. to halt the Nord Stream 2 pipeline project over Russian aggression toward Ukraine, may quietly deleg…
Electric Vehicle Battery
LG Energy Solution and GM Considering Building 3rd Joint Venture Battery Factory in Michigan
LG Energy Solution and General Motors of the United States are considering investing US$2 billion to build their third joint venture battery cell plant in the U…
Oil & Gas Trade
U.S. to Sell 18 mln Barrels of Oil from Reserves on Dec 17
The U.S. Department of Energy said on Friday it will sell 18 million barrels of crude oil from the strategic petroleum reserve on Dec. 17, as part of a previous…
Hydrogen Technology
SK Gas Makes Investment in C-Zero, U.S. Turquoise Hydrogen Producer
SK Gas has decided to invest in C-Zero, a U.S. company that has original technology to manufacture eco-friendly turquoise hydrogen.
Crude Oil
Top U.S. Shale Producer Worries Oil Prices could Run too Hot
Scott Sheffield, the chief executive of top U.S. shale producer Pioneer Natural Resources Co, on Tuesday said he worries oil prices could get too high and furth…
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