• News
    Texas Regulator List Down States Companies Responsible for Natural Gas Flaring

    Texas Regulator List Down States Companies Responsible for Natural Gas Flaring

    One of Texas’ oil and gas regulators Tuesday defended the state’s high rate of natural gas flaring; however, he named corporations that burned off the most gas and stated he would hold public conferences on the controversial practice. Flaring, or deliberately burning fuel produced alongside oil, has soared with a crude production in Texas; however, it can worsen climate change…

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  • News
    China Is a Plain to Exempt Tariff from U.S. Oil and LNG

    China Is a Plain to Exempt Tariff from U.S. Oil and LNG

    China has opened for purposes for tariff exemptions on numerous U.S. merchandise and commodities together with crude oil and liquefied pure fuel, Reuters reported at present. Tariffs have been blamed for the droop in U.S. oil and LNG exports to China, which is among the greatest importers for each commodity. Additionally, they interfered with U.S. LNG corporations’ plans for brand…

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  • News
    Oil Plunges Below $57 Following Coronavirus and OPEC+ Cuts Delays

    Oil Plunges Below $57 Following Coronavirus and OPEC+ Cuts Delays

    Oil dropped below $57 per barrel Tuesday, pressured by concerns over the impact on oil demand from the coronavirus epidemic in China and a lack of further action by OPEC and its partners to support the market. Forecasters, including the International Energy Agency (IEA), have pared 2020 oil demand estimations because of the coronavirus. Although new cases in mainland China…

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  • Crude Oil
    US Oil and Gas Sector Affected Massively by Coronavirus

    US Oil and Gas Sector Affected Massively by Coronavirus

    The worldwide vitality sector is sick due to the coronavirus. However, the illness might have its most deleterious impact on the U.S. oil and gas industries, on condition that the president is making an attempt to stress China to purchase more U.S-produced fossil fuels. China’s concessions throughout commerce talks are doubtful. However, the coronavirus makes them much more uncertain. And…

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  • Natural Gas
    U.S. Natural Gas Dips to Weakest since March 2016

    U.S. Natural Gas Dips to Weakest since March 2016

    U.S. natural gas prices have been at their lowest ranges in a long time. On Monday, the near-month natural gas futures price at the New York Mercantile Exchange (NYMEX) settled at US$1.77/million Btu. This price was the weakest February closing price for the near-month contract since at least 2001, in real terms, and the lowest near-month futures price in any month since…

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  • News
    Wind Energy Is a Best Friend to Farmers in Their Tough Times

    Wind Energy Is a Best Friend to Farmers in Their Tough Times

    Throughout this central northern county in Kansas, wind turbine blades slowly slice the chilly air over winter-brown fields. The 67 wind generators of the Meridian Way Wind Farm straddle dozens of farms and ranches, following the contours of the land and the eddies of the wind above it. The generators are tall sufficient that driving by, their dimension is difficult…

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  • News
    U.S. First Show Interest in Expanding Portugal's Sines Port

    U.S. First Show Interest in Expanding Portugal’s Sines Port

    American corporations have a keen interest in expanding Portugal’s deepwater port of Sines because of its strategic standing for liquefied natural gas (LNG) exports to Europe, U.S. Energy Secretary Dan Brouillette stated Wednesday. Portugal launched a global tender in October for a contract to build and function a new container terminal in Sines, continental Europe’s closest port to the Panama Canal.…

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  • Crude Oil
    Asian VLSFO Comes Down After Enjoying Record Peaks

    Asian VLSFO Comes Down After Enjoying Record Peaks

    Asia’s market for very low-sulfur fuel oil (VLSFO) has departed from its record peaks near the beginning of the year, as demand crumbles under seasonal elements and an outbreak in China. At the same time, supply expectations improve, analysts and traders stated. Cooling VLSFO prices are an early signal of stabilizing market fundamentals after months of dryness triggered by the…

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  • Natural Gas
    Power Outage at Leviathan Offshore Rig Burns Off Natural Gas, Blazes Lit up Sky

    Power Outage at Leviathan Offshore Rig Burns Off Natural Gas, Blazes Lit up Sky

    A power outage overnight Monday at Israel’s offshore Leviathan rig triggered operators to burn off natural gas at the platform in a safety process that lit up the sky off the coast with a ball of the blaze. Because of the incident, natural gas supplies from the platform had been stopped for several hours. The burn-off at the rig, situated…

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  • Crude Oil
    China Virus Affects the Crude Oil Market

    China Virus Affects the Crude Oil Market

    International oil demand will endure its first quarterly drop in a decade because the COVID-19 virus lashes the economic system in China, and its impression ripples all through the world, the IEA mentioned. Whereas the IEA nonetheless expects demand for oil to develop for this year because the outbreak is restrained, it slashed its forecast for the rise in world…

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