Energy Newswatch: Oil
Oil Plunges as US Stockpiles Grow
01 Feb 2023 20:46:53 UT
Oil prices fell the most in about a month as government data showed US crude inventories swelled to the highest levels since June 2021. The Energy Information Administration’s report on Wednesday...
OPEC+ committee recommends staying course on oil output policy
01 Feb 2023 20:44:43 UT
VIENNA, Feb. 1 (Xinhua) -- Leading oil officials on Wednesday recommended to maintain the current oil output policy of OPEC+, the Organization of the Petroleum Exporting Countries (OPEC) and its...
Natural Gas Confirms its Bearish Stance
01 Feb 2023 20:23:46 UT
Natural gas falls deeper into oversold territory as a new bearish trend continuation signal triggered. The 14-Day RSI reached 25.56 Wednesday, the most oversold since February 2017, nearly six years...
Researcher hoping to capitalize on valuable untapped natural gas resources
01 Feb 2023 20:24:00 UT
MORGANTOWN, W.Va. — Natural gas is a booming industry in West Virginia and the United States, accounting for more than 38 percent of the nation’s total energy consumption. One West Virginia...
EU struggles to agree Russian oil product price cap, seeks Friday deal
01 Feb 2023 20:31:23 UT
EU countries will seek a deal on Friday on a European Commission proposal to set price caps on Russian oil products, after postponing a decision on Wednesday amid divisions between member states,...
Natural gas continues southwards, hitting mid-$2 levels
01 Feb 2023 13:12:31 UT
By Barani Krishnan Investing.com -- Natural gas futures continued their journey southwards Wednesday as bears retained their chokehold on the market despite expectations that storage of the heating...
Schumer Says Senate May Add Russia, Iran to House Bill Ending Strategic Oil Sales to China
01 Feb 2023 20:20:16 UT
WASHINGTON (UrduPoint News / Sputnik - 02nd February, 2023) The US Senate may add countries including Russia and Iran to a bill passed by the House of Representatives banning sales from the...
Biden administration takes another step toward advancing a controversial oil drilling project in Alaska | CNN Politics
01 Feb 2023 15:01:00 UT
The Interior Department’s Bureau of Land Management advanced the controversial Willow oil drilling project on Alaska’s North Slope, releasing the final environmental impact statement before the...
Bill would let utilities recover the cost of natural gas plants during construction
01 Feb 2023 20:01:00 UT
A state House bill, HB 1421, would allow utilities to recover the cost of natural gas plants as they’re being built — easing those costs into customers’ bills over a longer period of time. It’s...
‘OPEC does not control the price’: OPEC President
31 Jan 2023 23:42:07 UT
Ministers from the Organization of the Petroleum Exporting Countries (OPEC) and allies, known as OPEC+, will meet virtually on February 1. The meeting comes as the price of oil has rallied towards...

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