Conventional Energy

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U.S. Seeks 3 Mln barrels of Crude for Strategic Reserve

Conventional Energy, Latest, Oil, US News / By

The U.S. is seeking to buy up to 3 million barrels of U.S.-produced sour crude oil for delivery in April to help replenish the Strategic Petroleum Reserve (SPR), the Department of Energy said in a statement on Wednesday. President Joe Biden’s administration is slowly purchasing oil for the SPR after it sold a record 180 …

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U.S. Natgas Prices Gain 2% to One-Week High on Colder January Forecasts

Conventional Energy, Latest, Natural Gas, US News / By

U.S. natural gas futures gained about 2% to a one-week high on Wednesday on a decline in daily output and forecasts for colder weather in mid January than previously expected. That price increase came despite forecasts for milder weather and lower heating demand this week and next than previously expected, and a small decline in …

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