The European Commission proposed Sept. 14 a temporary tax on the 'surplus profits' of the trade bloc's fossil fuel producers to help offset soaring power and gas bills in the region in the
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Ongoing coronavirus lockdowns impacting Chinese demand China also diversifying crude imports from other suppliers Further expanding energy cooperation is set to be high up the agenda when Russian President Vladimir Putin and his
Growing demand for natural gas in the US power sector is supporting record-high forecasts for year-long gas consumption, but a looming rail strike could drive up demand even further than previously expected if
Chinese marine fuel suppliers are set to increase reliance on domestically produced low sulfur fuel oil for bonded bunkering after Beijing lifted export quota allocations by 31.7% year on year to 15 million
Record low diesel inventories could signal trouble ahead of the winter heating oil demand season on the US Atlantic Coast and harvest season for the Midwest. Midwest diesel stocks at 26.8 million barrels
In keeping with the US' recently approved Inflation Reduction Act, the federal Bureau of Ocean Energy Management has accepted 307 highest valid bids from that agency's Lease Sale 257 in the Gulf of
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