Over the past two years, the U.S. and its Western allies have imposed a raft of sanctions on Russian energy commodities, including a $60-a-barrel cap on Russia's seaborne exports of crude oil. Europe has, however, shied away from placing limitations on Russian gas, hardly surprising considering that the share of Russia's pipeline gas in EU imports exceeded...

Crude oil inventories in the United States rose this week by 509,000 barrels for the week ending May 3, according to The American Petroleum Institute (API). Analysts had expected a 1.430 million barrel draw. For the week prior, the API reported a 4.906 million barrel build in crude inventories. On Tuesday, the Department of Energy (DoE) reported that...

Oil prices slumped by $10 per barrel in a month, from above $90 Brent in early April to the low $80s, as tensions in the Middle East subsided and prompted money managers to shift their focus on the upcoming OPEC+ decisions and the path to lower interest rates. In early April, the Iran-Israel standoff and the rising tensions in the most important region...

U.S. spot power and natural gas prices plummeted into negative territory across Texas, California, and Arizona on Tuesday, signaling a surplus in production amidst subdued demand and ample hydropower reserves. At the Waha hub, next-day gas prices plummeted to a three-week low of negative $2.72 per million British thermal units (mmBtu) on May 6. Next-day...

Meeting global climate goals will require an unprecedented buildout of energy infrastructure in terms of both speed and scale. And while the energies themselves may be renewable, their construction, production, and maintenance requires a whole lot of finite resources, from rare Earth minerals and metals to the very land they are built on. This last...

Almost 75 Democratic lawmakers on Tuesday expressed support for President Joe Biden’s decision to pause approvals for new LNG export projects. “With our allies well-supplied by existing exports, we agree that now is the time to step back and examine the long-term impacts that additional U.S. LNG exports will have on American consumers, industries, and...