Environmental Quality Comes from Freedom; Biden Killing Both

Fossil Fuels Aren’t Going Anywhere As New England Learns Paige Lambermont Policy Associate, Institute of Energy Research … … [Editor’s Note: Environmental quality is a corollary of freedom as the United States has demonstrated but the Biden Administration is destroying both in its totalitarian drive.] Recently, my colleague at the Institute for Energy Research, David Kreutzer, and

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Natural Gas Now Best Picks – October 15, 2022

Natural Gas Now Best Picks – October 15, 2022 Tom Shepstone Shepstone Management Company, Inc. … … Readers pass along a lot of stuff every week about natural gas, fractivist antics, emissions, renewables, and other news relating to energy. This week; Chevron leads, Jamie explodes with truth and UK reverses on fracking. Look for these stories

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Glick Schtick Rules As FERC Chair Does Dictator Routine

China Compromised, Biden Sells Out Land of the Free! Paul Driessen Senior Policy Analyst, CFACT …. ….  [Editor’s Note: FERC Chair, Dick Glick, is a politically correct shill for the Biden regime and is ignoring West Virginia v. EPA to stifle fossil-fuels wherever possible.] The U.S. Supreme Court’s 6-3 decision in West Virginia v. EPA

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Climate Policy Mostly the Root of Our Current Evil

Climate Policy Mostly the Root of Our Current Evil David M. Simon on NGL Pipelines Attorney and Senior Fellow, Committee to Unleash Prosperity   [Editor’s Note: Climate policy is clearly foremost in what is driving the Biden administration to do absurd things, destroying not only oil and gas but also the middle class.] President Biden’s climate policy

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Citgo selects Carlos E. Jorda as CEO

Citgo Petroleum’s board has selected Carlos E. Jorda as its chief executive, selecting a veteran refinery expert and native Venezuelan to run a company facing legal attacks and working under U.S. sanctions against its parent, Petroleos de Venezuela (Pdvsa). Citgo severed ties with Pdvsa earlier this year after President Trump levied sanctions on the state-run company and

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Crude plunges nearly 4%

Crude oil prices plunged Thursday on a smaller-than-expected decline in U.S. crude inventories and fears of a global economic slowdown due to the U.S.-China trade war, Kallanish Energy understands. The U.S. Energy Information Administration reported crude stockpiles fell nearly 300,000 barrels last week, less than the 900,000 Bbl decline analysts forecast in a Reuters poll, and

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Venezuela’s crude production lowest in 16 years

In April 2019, Venezuela’s crude oil production averaged 830,000 barrels per day, down from 1.2 million barrels per day (Mmbpd) at the beginning of the year, according to the Energy Information Administration. Last month’s average is the lowest level since January 2003, when a nationwide strike and civil unrest largely brought the operations of Venezuela’s

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Oil plummets 1+%, as U.S.-China trade war intensifies

Crude oil prices dropped Tuesday as renewed doubts of a U.S.-China trade pact stoked concerns over global growth, while U.S. sanctions on Iran and Venezuela tightened supply and helped to curtail losses, Kallanish Energy reports. President Trump Sunday said he would raise tariffs on $200 billion worth of Chinese goods from 10-25% by Friday. The comments

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Crude rises Friday, falls for the week

Crude oil prices inched up Friday, as strong U.S. economic data boosted demand feelings, and as production drops in sanctions-hit Iran and Venezuela tightened the market, Kallanish Energy reports. Oil futures posted weekly declines on a jump in U.S. crude inventories reported recently. U.S. West Texas Intermediate crude futures settled 13 cents higher, at $61.94 per

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Catch The Buzz

Welcome to this week’s edition of The Buzz, a weekly feature where Kallanish Energy editors select the quartet of stories this past week we feel were the most important – have the chance to make the biggest impact on the oil and gas industry — and energy as a whole. This week’s selections include: Venezuela bypasses U.S. sanctions

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Crude prices fall as Russia suggests it will raise output

Crude oil prices fell Tuesday from five-month highs as Russian comments signaled the possible easing of the Opec+ supply-cutting deal overcame concern violence in Libya could tighten global markets, Kallanish Energy reports. A U.S. threat to place tariffs on hundreds of European goods and a downgrade by the International Monetary Fund in its global economic

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Crude hits 5-month high, as fighting threatens Libyan output

Crude oil prices rose to a five-month high Monday, on expectations for tighter global supply due to fighting in Libya, Opec+-led cuts and U.S. sanctions against Iran and Venezuela. International benchmark Brent futures were up 69 cents, or 1%, to $71.03 per barrel. U.S. West Texas Intermediate crude settled up 2.1%, at $64.40/Bbl, and hit its highest level since

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Venezuela oil output is said to have dropped by 50%

Power failures that kept Venezuela in darkness for much of March also briefly slashed the country’s crude production by 50%, people familiar with the situation told Bloomberg. Rolling blackouts across much of the country that started on March 7 temporarily paralyzed most of the country’s oil industry, Kallanish Energy finds. Oil output averaged less than

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U.S. adds companies, ships to Venezuela sanctions list

The U.S. Friday added two companies which ship crude oil from Venezuela to Cuba, along with 34 ships, to a financial sanctions list aimed at increasing pressure on Venezuelan President Nicolas Maduro to step down and turn over power to his opposition. A Treasury Department statement announcing the designation identified one of the companies as Ballito Bay

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Crude jumps more than 2%, to new 2019 highs Monday

Crude oil jumped more than 2%, to new 2019 highs Monday, with Brent crude touching $69 a barrel, after positive signs for the global economy and tighter supplies powered West Texas Intermediate and Brent prices. U.S. WTI futures settled up $1.45, or 2.4%, to $61.59/Bbl, after reaching their highest price in nearly five months, at $61.72/Bbl,

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