US adds Over 100 Bcf to NatGas Storage for Sixth Straight Week
Working gas stocks remain above the five-year average, according to the EIA.
Linde Set to Expand CO2 Capacity in Texas as Demand Rises
The new CO2 liquefaction plant in Freeport, Texas, is expected to begin operations in 2027.
Vermilion Energy Sells Powder River Assets, Exits US Market
Canadian firm Vermilion Energy is selling assets in Wyoming’s Powder River Basin and exiting the U.S. market.
Trump’s Tax Bill Would Dampen, But Not Quash, the Clean Energy Buildout
The current version of President Donald Trump’s tax and spending bill would reduce the amount of renewable energy capacity added in the US over the next decade, resulting in 10% less wind, solar, and storage capacity by 2035. Summary by Bloomberg AI The bill would particularly impact wind power, with new capacity shrinking by 35% …
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Shale Drillers in Permian Basin Face Up to the Prospect of Peak Output
A key data release may underline how the US oil industry is reining in production growth in response to lower prices. Are we close to peak shale production? In the weeks since OPEC+ members agreed to ramp up output, the mood in the US oil business has shifted rapidly. At an industry gathering this week in …
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Global Energy Investment Set to Hit Record $3.3 Trillion in 2025, IEA Says
(Reuters) – A surge in clean energy spending is expected to drive a record $3.3 trillion (2.89 trillion euros) in global energy investment in 2025, despite economic uncertainty and geopolitical tensions, the International Energy Agency (IEA) said on Thursday. Clean energy technologies, including renewables, nuclear, and energy storage, are set to attract $2.2 trillion in …
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Trump’s China Ethane Export Curbs are Another Exercise in Self-harm
Ron Bousso Summary Trump administration seeks licence for ethane exports to China China accounts for 46% of US ethane exports Ethane is used to produce plastics LONDON, June 5 – The Trump administration’s latest efforts to curb U.S. petrochemical exports to China could end up hurting the U.S. energy sector just as much, or more, …
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CEO Seeking to Puild Pennsylvania LNG Terminal Meets With White House
The CEO of a company seeking to build a liquefied natural gas terminal near Philadelphia told Reuters on Wednesday he met officials at the White House this week to “provide intelligence” about the project in the works for years despite local opposition. Penn America Energy Holdings wants to export 7.2 million tons a year of …
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Oil Steady After US Stockpile Build, Saudi Arabia Price Cuts
Summary US gasoline, distillate stocks post big weekly builds Saudi Arabia cuts prices for Asian crude buyers to 2-month low Bearish economic outlook weighs on oil prices, analysts say LONDON, June 5 (Reuters) – Oil prices steadied on Thursday after falling more than 1% the previous day because of a build in U.S. gasoline and …
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Global Energy Market Balancing, Despite Widespread Volatility
Following a series of shocks at the beginning of 2025, investor activity is approaching a more normal level, executives at BOK Financial, EIV Capital and Comerica Bank say.