Germany’s Merkel seeks to calm Poland’s Nord Stream 2 fears

German Chancellor Angela Merkel tried to soothe fears over the Nord Stream 2 gas pipeline on Saturday, on a farewell visit to Poland during which she also struck a conciliatory…

Robust Gasoline Consumption Fuels Record-High U.S. Oil Demand

U.S. oil demand continues its upward trajectory—reaching a record high last week–while product inventories have fallen to the lowest levels in three years. If the demand trend holds, oil prices…

Hurricanes Raise Risk Of Oil Spills In Gulf Of Mexico

As the latest strong storm that passed through the U.S. Gulf of Mexico showed, hurricanes are testing the resilience of offshore oil and gas facilities and pipelines.   Hurricane Ida made headlines…

Natural-Gas Market Conditions Look Unnatural

Natural gas could really use an OPEC-style, coordinated production ramp-up right now. U.S. Henry Hub natural-gas prices, at around $5 per million British thermal units (MMBtu), have more than doubled…

U.S. reassures allies over Nord Stream 2 but says it’s a ‘reality’

A senior U.S. envoy said on Saturday he had delivered reassurances to Ukraine and Poland on mitigating any threat posed by Russia’s Nord Stream 2 gas pipeline, but that the…

NHC says 90% chance of cyclone near Gulf of Mexico

A weather system located near southeastern Mexico and the southern and central Gulf of Mexico has a 90% chance of becoming a cyclone in the next 48 hours, the U.S.…

China leads as new global offshore wind projects dip slightly in 2020

Global installations of new offshore wind farms fell only slightly in 2020, reaching the second highest tally since a record in 2019 despite the coronavirus pandemic, with China installing the…

Oil gains for 2nd session as lower U.S. output supports

Oil prices rose for a second session on Thursday, recovering from earlier losses as a decline in U.S. Gulf of Mexico output following damages from Hurricane Ida underpinned the market.…

Solar energy can account for 40% of U.S. electricity by 2035 -DOE

The Biden administration on Wednesday released a report showing the United States can get 40% of its electricity from solar energy by 2035, a significant jump. The Solar Futures Study…

Gold Down, Near Two-Week Lows as Dollar Strengthens

Gold was down on Thursday morning in Asia, remaining near two-week lows. A strengthening dollar Index Futures contributed to the yellow metal’s losses, while investors also await the European Central Bank…