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Goldman Sachs: Hydrogen generation could grow into $1 trillion per year market- oil and gas 360

Goldman Sachs: Hydrogen generation could grow into $1 trillion per year market

Nasdaq Hydrogen power has been on the market for decades but has never really been able to break the glass ceiling of mass-market appeal, mainly due to a host of technical and cost issues. But some experts now believe that the hydrogen economy is ready for take-off, with Goldman Sachs predicting hydrogen generation could eventually grow into  a $1 trillion per

Analysis: Saudi oil power play bruises U.S. ties but won't break them- oil and gas 360

Analysis: Saudi oil power play bruises U.S. ties but won’t break them

US Money RIYADH – Neither side is backing down in a battle of wills over oil between Saudi Arabia’s Crown Prince and U.S. President Joe Biden, putting severe strain on their countries’ energy-for-security alliance, although a full rupture looks unlikely, Gulf sources and experts said.   As de facto leader of the OPEC+ oil group, Saudi Arabia risked U.S. wrath

Weekly Gas Storage: Inventories increase by 88 Bcf- oil and gas 360

Weekly Gas Storage: Inventories increase by 125 Bcf

Natural Gas Inventories as of October 7, 2022 The EIA has released its natural gas inventory report, showing a net increase of 125 Bcf as of October 7, 2022. Working gas in storage was 3,231 Bcf as of Friday, October 7, 2022, according to EIA estimates. This represents a net increase of 125 Bcf from the previous week. Stocks were

U.S. crude oil inventories decrease by 6.1 million barrels- oil and gas 360

U.S. crude oil inventories increase by 9.9 million barrels

Weekly Crude Oil Storage as of October 7, 2022   U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 9.9 million barrels from the previous week.  At 439.1 million barrels, U.S. crude oil inventories are about 1% below the five year average for this time of year, according to the EIA crude oil and petroleum