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Oil Pipeline
Marathon Petroleum Shuts Oil Pipeline After Leak in Illinois
Marathon Pipe Line Inc. has shut down a pipeline in Illinois that leaked crude oil into a local canal, the company said on Last Saturday.
Natural Gas
U.S. Gasoline Prices Edge Lower After Hitting Record High Last Week
U.S. gasoline prices at the pump edged lower over the weekend after reaching all-time highs last week following Russia's invasion of Ukraine.
Germany
German Finance Minister Plans Gasoline Discount
German Finance Minister Christian Lindner plans to introduce a discount on gasoline to help motorists cope with soaring prices, Bild daily reported on Sunday.
Oil Price
Oil Prices Fall, Continuing Downward Trend From Last Week
Oil prices fell on Sunday at the start of the session, extending last week’s decline, as a U.S. official said Russia was showing signs it might be willing to h…
Oil & Gas Supply
Iraq's Oil Supply Compatible with Global Demand
Iraq said on Wednesday that its crude oil exports are in line with the consumption in the world oil market, ruling out the need to increase oil production.
Joe Biden
$4 Gasoline Could Lead to Demand Destruction in the U.S.
More than half of all Americans said they would change their driving habits or lifestyle if the cost of gasoline rose to $4 per gallon, new AAA survey data show…
Crude Oil
Canada Looking at Boosting Oil Pipeline Flows to U.S., Minister Says
Canada is studying ways to increase pipeline utilization to boost crude exports as Europe seeks to reduce its dependence on Russian oil, the country's natural r…
Crude Oil
Biden Walks Tightrope Between Need for Oil and Push to Go Green
With the war in Ukraine causing oil prices to soar, US President Joe Biden's administration is treading a fine line between staying true to its commitment to cl…
Oil Price
UAE, Saudi Arabia Decline Talks with Biden amid Oil Price Surge
Crown Prince Mohammed bin Salman of Saudi Arabia and Sheikh Mohammed bin Zayed declined requests for direct communication with President Biden in recent weeks.
Clean Energy Transition
India Targets 85% of Energy Needs from Green Sources
According to the proposal prepared by the renewable energy ministry, coal-fired capacity will initially rise to 267 GW by 2030 from the present 210 GW and, subs…
Natural Gas
Demand for Natural Gas on Australia's East Coast Falls
The uptake in renewable energy could see gas demand from Australia’s East Coast decline by around 60% by 2050, depending on the pace of the energy transition, …
Natural Gas
Russian Gas Continues to Flow into Europe on Main Pipeline Routes
Russian gas delivered through pipelines continued to flow via Poland westward into Germany while flows into Slovakia via Ukraine remained at recent high levels …
Natural Gas
Chevron CEO Announces Israel Gas Pipeline Could Supply Europe
Europe’s natural gas shortage has renewed talk of the EastMed pipeline – a Mediterranean Sea pipeline that could carry gas from Israel to European customers.…
Natural Gas
Russian Gas Continues to Flow into Europe on Main Pipeline Routes
Russian gas delivered through the Yamal-Europe pipeline via Poland was flowing westward into Germany on Tuesday morning, and flows into Slovakia via Ukraine rem…
Oil Price
Russia Warns West of $300 per Barrel Oil, Cuts in EU Gas Supply
Western countries could face oil prices of over $300 per barrel and the possible closure of the main Russia-Germany gas pipeline if governments follow through o…
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