
High Volatility Frustrates USA Efforts to Refill Oil Reserves
The Energy Department last week rejected all offers to replenish the stockpile.

The Energy Department last week rejected all offers to replenish the stockpile.


Baker Hughes has named Ganesh Ramaswamy as the executive vice president of the Industrial & Energy Technology business segment effective January 16.

China’s generous quota for crude imports boosted oil with renewed hopes for a demand revival in the world’s largest buyer.

Shell said its gas-trading earnings were ‘significantly higher’ in Q4 of 2022 as the firm overcame challenges encountered earlier in the year.

Louisiana and Texas are set to gain thousands of energy jobs in the first part of 2023, LSU said in its 2023 Gulf Coast Energy Outlook.

Oil declined as broader market sentiment soured and mild winter temperatures in may parts of the globe eased fears of an energy crisis.

Executives from 150 oil and gas firms have their say.

The EIA’s latest gasoline and diesel fuel update has revealed what consumers were paying for in a gallon of gasoline and diesel back in November.

‘Oil prices would need to be around $60-$65 per barrel and gas demand would need to drop lower’.
Oil prices rose as the US intensified strikes on Iran, heightening concerns over Middle East crude supplies despite weaker US fuel demand data.
The U.S. Energy Information Administration raised its Henry Hub natural gas spot price projection for 2026 and 2027 in its latest short term energy outlook.
Fresh U.S. threats to impose sanctions on countries buying Russian oil may complicate ongoing trade negotiations between Washington and New Delhi, according to people familiar with the matter.
At least 11 million barrels of U.S. crude were sold to Asia late on Tuesday, and more deals may follow, according to traders.
The number of employees in the oil and gas extraction industry dropped from May to June, data on the U.S. Bureau of Labor Statistics website showed.