Friday, August 28, 2026

Poland Snags First 5-Year Contract for U.S. Natural Gas: Adios Russia

Polish Oil and Gas Company Group (PGNiG) signed a five-year contract with the UK’s Centrica LNG Company Limited. The LNG supply will be sourced from Cheniere Energy’s Sabine Pass LNG Terminal, USA (ticker: LNG). The contract is on a DES delivery basis and will begin in 2018. Up to nine cargoes will be delivered during the term of contract to

What’s Next for the Economies of China and India?

Since 1990, China and India have accounted for 57% of the total increase in world energy consumption Earlier this week the EIA put out data that revealed that the world’s developing countries used higher amounts of electricity than OECD countries. In a graph, the heavy users were China, India, Brazil and Egypt, with the U.S., UK and Japan being close

Weekly Oil Storage: Drawdown Resumes

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week. Crude oil stocks fell by 1,855 MBBL last week to 457,142 MBBL, from 458,997 MBBL. This is 7% below the 489,029 MBBL that was in storage at this point last year, and is 14% above the five-year

New Route for Keystone XL Could Be Oil Pipeline’s Death Blow

TransCanada less likely to complete project if more environmental reviews needed From the Washington Times Nebraska regulators set out this week to finally approve the long-awaited Keystone XL oil pipeline. Instead, specialists say, they may have killed it. The Nebraska Public Service Commission (PSC) voted 3-2 Monday to approve a route for the $8 billion Canada-to-Texas pipeline through the state, but not