US Energy Chief Granholm Meets with New England Governors on Fuel Supplies
The meeting came after governors, including Charles Baker of Massachusetts, Janet Mills of Maine and Ned Lamont of Connecticut, wrote Granholm in July about their concerns about prices for LNG and other fuels in the wake of Russia’s invasion of Ukraine.
Kremlin Says Other Regions Besides Europe Willing to Buy Russian Gas
Russian Kremlin spokesman Dmitry Peskov said that other buyers would able to offset European demand in light of western European sanctions on Russian gas.
OPEC Sticks to Forecast of Pre-pandemic Oil Demand in 2023
“Oil demand in 2023 is expected to be supported by a still-solid economic performance in major consuming countries, as well as potential improvements in COVID-19 restrictions and reduced geopolitical uncertainties,” OPEC said in the Sept. 13 report.
US Emergency Oil Reserves Tumble to Lowest Since 1984
The Biden administration is weighing the need for further SPR releases after the current program ends in October, Energy Secretary Jennifer Granholm told Reuters last week.
Oil Prices Rise as Supply Uncertainty Mounts
Global oil prices could rebound towards the end of the year, with supply expected to tighten further when an EU embargo on Russian oil takes effect on Dec. 5.
US Treasury’s Yellen Says Oil Prices Could Spike in Winter
“It’s a risk, and it’s a risk that we’re working on the price cap to try to address,” U.S. Treasury Secretary Janet Yellen told CNN on Sept. 11.
Oil Set for Weekly Drop on Demand Fears, Despite Supply Threats
China’s COVID-19 lockdown and Putin’s threats temper anticipated 2% drop.
EU Countries Give Mixed Reception to Planned Russian Gas Price Cap
Baltic countries support the proposal, others express doubts.
First LNG Shipment Arrives at New Dutch Floating Terminal
Vessel has docked and is unloading cargo.
Russia Says It Will Stop Selling Oil to Countries That Set Price Caps
Group of Seven (G7) finance ministers were due to meet virtually on Sept. 2 and were expected to firm up plans to impose a price cap on Russian oil purchases with the aim of reducing the revenues flowing to Moscow.