USA Is Canceling Almost $30B in Biden-Era Energy Loans
The Trump administration said it's canceling almost $30 billion of financing from the Energy Department's green bank after reviewing transactions approved under former President Joe Biden.
Crude Closes Higher on Iran, Cold Weather
Crude settled higher as renewed Iran tensions and winter weather lifted the geopolitical risk premium despite lingering supply glut concerns.
SLB Predicts Worst Is Behind Global Oil Market
The worst may be behind the global oil market, Chief Executive Officer Olivier Le Peuch said in a statement.
USA Natural Gas Hits Record Weekly Gain
U.S. natural gas futures for February delivery surged by 70 percent this week as the market braced for a historic winter storm.
Natural Gas Prices Across the USA Surge
Natural gas prices for near-term delivery at regional trading hubs across the U.S. jumped as the market braced for a historic winter storm.
USA Crude Oil Stocks Increase Week on Week
Crude oil stocks, not including the SPR, stood at 426.0 million barrels on January 16, the EIA's latest weekly petroleum status report showed.
Alaska LNG Secures Preliminary Deals with Suppliers, Offtakers
Glenfarne signed several preliminary agreements to source gas for and sell output from Alaska LNG, which also caters to the domestic market, as well as conditionally awarded build contracts.
Texas Governor Issues Disaster Declaration for 134 Counties
'This winter storm will shut it all down', AccuWeather Chief Meteorologist Jonathan Porter warned.
Kinder Morgan Reports Record Year
The increase was driven by its natural gas pipelines business, which rode on rising LNG demand.
Shell Announces Executive Committee Changes
Shell announced changes to its executive committee in a statement posted on its website this week.
New Equinor Gas Discovery in Norway Eyed to Supply Poland
Equinor and ORLEN announced a natural gas discovery on Norway's side of the North Sea, with plans to connect it to the Baltic Pipe to supply Poland.
France Boards Oil Tanker Linked to Russia Shadow Fleet
France's navy boarded an oil tanker coming from Russia into the Mediterranean Sea, as part of a global crackdown on shadow fleet ships used to export sanctioned crude.
Oil Slides on Rising Supply, Peace Hopes
Oil prices fell sharply as rising inventories and peace hopes pressured the market.
USA Won't Offer OTG Security to Oil Firms in VEN
The Trump administration has no plans to directly provide security to oil producers in Venezuela, Energy Secretary Chris Wright said Thursday.
Venezuelan Oil Heads to Europe
Europe is set to receive some of its first shipments of Venezuelan oil in almost a year.
EIA Sees USA Gasoline Price Under $3 in 2026 and 2027
The EIA projected, in its latest STEO, that the U.S. regular gasoline retail price will average under $3 per gallon both this year and next year.
Russia Says 3 Killed, Fuel Tanks Damaged by Ukraine Attack on Port
Russia said Ukrainian drones hit a Black Sea port, setting four fuel terminals on fire and killing three people.
Glenfarne Says Texas LNG Capacity Fully Committed
'With the completion of offtake negotiations, Glenfarne is now focusing on finalizing the financing process as we advance toward a final investment decision in early 2026'.
Henry Hub Surges Sharply Over Past Week
'Henry Hub has seen a launch', SEB Commodities Analyst Ole R. Hvalbye said.
Seplat Starts Up ANOH Gas Project in Nigeria
The Niger Delta project by Seplat and NGIC, designed to produce up to 300 million standard cubic feet a day of natural gas, has begun supplying the Indorama Petrochemical Plant.
