Natural Gas Inventories as of February 21, 2025 The EIA has released its natural gas inventory report, showing a net decrease of 261 Bcf as of February 21, 2025. Working gas in storage was 1,840 Bcf as of Friday, Februrary 21, 2025, according to EIA estimates. This represents a net decrease of 261 Bcf from the previous week. Stocks were
(Oil Price) – BP is increasing its investment in upstream oil and gas to $10 billion per year while slashing spending on clean energy by more than $5 billion a year in the highly anticipated strategy reset announced on Wednesday. BP’s stock has been underperforming its UK-based peer, Shell, and other major international oil firms in recent years. The BP board has been
(World Oil) – The American energy industry has always taken great pride in being innovative, independent, and committed to free market principles. Recently, however, executives at some of the nation’s biggest oil and gas companies are publicly embracing the same corporate welfare schemes that have propped up unreliable so-called “green” energy for decades. This is discouraging because government subsidies distort markets, encourage dependency, and waste taxpayer dollars,
(Oil Price) – Last week, U.S. President Donald Trump unveiled the National Energy Dominance Council that is tasked with enhancing America’s energy security and cutting reliance on foreign entities. According to a White House statement, the Biden-Harris Administration dramatically slowed the growth rate of American energy production and development, including by instituting a federal oil leasing moratorium and removing hundreds of million acres
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