(Oil Price) – Germany-based utility giant RWE is expanding its U.S. portfolio beyond renewables, focusing a large part of planned $19 billion investments in the United States by 2031 on gas-fired power generation. RWE – which ditched U.S. offshore wind last year after the Trump Administration signaled renewables would not be a priority and wouldn’t be supported going forward – is now betting
Natural Gas Inventories as of March 6, 2026 The EIA has released its natural gas inventory report, showing a net decrease of 38 Bcf as of March 6, 2026. Working gas in storage was 1,848 Bcf as of Friday, March 6, 2026, according to EIA estimates. This represents a net decrease of 38 Bcf from the previous week. Stocks were
Natural Gas Inventories as of February 27, 2026 The EIA has released its natural gas inventory report, showing a net decrease of 132 Bcf as of February 27, 2026. Working gas in storage was 1,886 Bcf as of Friday, February 27, 2026, according to EIA estimates. This represents a net decrease of 132 Bcf from the previous week. Stocks were
(Oil Price) – Chevron has declared force majeure at Israel’s Leviathan natural gas field after the government ordered a temporary suspension of production on security grounds, marking the second time in less than a year that hostilities with Iran have disrupted Eastern Mediterranean gas flows. Israel’s energy ministry directed operator Chevron to shut in Leviathan following joint U.S.-Israeli strikes on Iran
(World Oil) – Israel ordered the temporary shutdown of some natural gas fields after launching an attack on Iran in a joint operation with the U.S. The halt is a security measure, the Energy Ministry said in a statement, without specifying the fields affected. Energean Plc, the operator of the Karish deposit, said it had been instructed to suspend production.
(BOE Report) – The shale revolution that made the United States the world’s top oil producer is taking shape in the Arabian Desert. The shale revolution that made the United States the world’s top oil producer is taking shape in the Arabian Desert. Deep in the sands southeast of Saudi Arabia’s giant Ghawar oilfield, state oil company Aramco is pushing
(World Oil) – Aramco has marked two major milestones in its gas expansion strategy with the start of unconventional production at the Jafurah field and the commissioning of the Tanajib Gas Plant, reinforcing its target to significantly expand Saudi Arabia’s gas production capacity by 2030. The company confirmed that first shale gas production from Jafurah began in December 2025. Located across approximately 17,000 sq
(Oil Price) – Texas-based EnCap Flatrock Midstream is considering a sale of gas pipeline operator Momentum Midstream in a deal that could fetch $5 billion. According to a Bloomberg report citing unnamed sources, the venture capital firm is currently talking with financial advisers to find a buyer. The sources noted that talks are in their early stages and EnCap Flatrock Midstream may
Natural Gas Inventories as of February 20, 2026 The EIA has released its natural gas inventory report, showing a net decrease of 52 Bcf as of February 20, 2026. Working gas in storage was 2,018 Bcf as of Friday, February 20, 2026, according to EIA estimates. This represents a net decrease of 52 Bcf from the previous week. Stocks were
(BOE Report) – U.S. natural gas futures rose about 1% to a one-week high on Monday on near-record LNG export flows and forecasts for more demand than previously expected over the next two weeks as another winter storm buries the U.S. Northeast in snow. Gas futures for March delivery on the New York Mercantile Exchange rose 4.3 cents, or 1.4%,
Natural Gas Inventories as of February 13, 2026 The EIA has released its natural gas inventory report, showing a net decrease of 144 Bcf as of February 13, 2026. Working gas in storage was 2,070 Bcf as of Friday, February 13, 2026, according to EIA estimates. This represents a net decrease of 144 Bcf from the previous week. Stocks were
(World Oil) – Guyana is preparing a second pipeline that will bring natural gas from its deepwater oil fields to the shore where it will be used for power and other industrial development. The project at Berbice, in the east of the South American country, will be finalized “very soon,” President Irfaan Ali told the Guyana Energy Conference in Georgetown on Tuesday. It
