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White House Disappointed With OPEC s Shortsighted Decision

A White House statement following the OPEC+ decision to defy the Biden administration with an output cut for November vows to find new ways to temper OPEC’s control over energy prices

United statesUnited kingdomWhite houseDistrict of columbiaSaudi arabiaOil productionOil prices rise asRussian oil price capOil market is ignoring supply fundamentalsOil marketSaudi aramcoEnergy crisisSpark oil demand growthServices from british firmsUs only lifted oil productionOil analyst

Soaring LNG Carrier Rates Could Spark A Major Supply Squeeze

A shortage of LNG carriers has sent spot charter rates into the stratosphere as the ongoing natural gas supply squeeze persists

United kingdomSaudi arabiaRussian oil price capOil market is ignoring supply fundamentalsUnited kingdom nuclear powerGermany energy supply situation is extremely tenseA substantial oil productionOil marketSaudi aramcoSpark oil demand growthOccidental petroleumUs only lifted oil productionOil analystFor higher taxes to protectOil market is ignoring supplyPrices will climb over the next

Only One EU Member Is Still Receiving Russian Natural Gas

With three of four pipelines delivering Russian natural gas to Europe now offline, Hungary is the only EU member still receiving gas from Russia

United kingdomSaudi arabiaUnited statesBiden to us oil industryOil executivesUnited kingdom nuclear powerGermany energy supply situation is extremely tenseA substantial oil productionSpark oil demand growthOccidental petroleumUs only lifted oil productionEurope for bigNatural gas futures slideWeaker than expectedRussian oil price capGas stations

China Is Reselling U S LNG To Europe For Big Profits

Due to weak demand in China, Chinese companies are reselling excess LNG from the United States to Europe for massive profits

United kingdomSaudi arabiaUnited statesBiden to us oil industryOil executivesUnited kingdom nuclear powerGermany energy supply situation is extremely tenseA substantial oil productionSpark oil demand growthOccidental petroleumUs only lifted oil productionEurope for bigNatural gas futures slideWeaker than expectedRussian oil price capGas stations

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