LONDON/WASHINGTON (Reuters) – Global imports of Iranian oil hit a one-year high in January and February, the International Energy Agency said on Friday, data that industry sources say suggests a temporary deal on sanctions pressure on Tehran has helped its oil sales to recover.
Imports of Iranian crude, including condensate, reached 1.41 million barrels per day (bpd) in January and February, the IEA, which advises industrialized countries, said in a monthly report. The IEA revised up January’s figure by 90,000 bpd.
WASHINGTON, March 13 (Reuters) – A rare U.S. test of its
strategic oil reserves may be just coincidentally timed with the
most serious stand-off with Russia in decades, but the
underlying message of the move announced on Wednesday left
little doubt: Prepare for the rise of a new global energy
The Energy Department said it would offer up to 5 million
barrels of sour crude from the Strategic Petroleum Reserve
(SPR), with bids due in two days. Officials said the sale would
ensure the reserves can still quickly deliver oil to refiners
despite changing pipeline networks.
WASHINGTON (Reuters) – There are discussions going on at high levels within the U.S. government on how to use U.S. natural gas resources as the country addresses the crisis in Ukraine, U.S. Deputy Secretary of State William Burns said on Thursday.
U.S. Senator Bob Corker, a Tennessee Republican, asked Burns if “it would be fair to say” there are active discussions at such levels about how to use natural gas to ease European reluctance to enact sanctions over the Ukraine crisis, and to help Ukraine.
WASHINGTON (Reuters) – U.S. Senator Edward Markey introduced a bill on Thursday to make the Obama administration’s approval of liquefied natural gas (LNG) exports more complicated, saying expedited permits will not help Ukraine and Europe manage Russia’s control of fuel supply.
As Russia has tightened its grip on Ukraine’s Crimea region this week, a slew of Republican U.S. lawmakers, including House Speaker John Boehner, have called on the Obama administration to speed up LNG approvals in order to protect Ukraine and Europe from Moscow’s control over natural gas shipments via pipeline.
WASHINGTON, March 3 (Reuters) – Supporters of U.S. energy
exports have pounced on the crisis in Ukraine to press their
case for faster approvals of liquid natural gas (LNG) projects
and for an end to the decades-long ban on exports of most U.S.
LNG supplies from the United States could help some Western
European countries react to any Russian aggression in coming
years, but because of added transportation costs the fuel could
be too expensive for others in Central Europe who are likely to
remain dependent on neighbors, energy experts said.
, March 2 (Reuters) – Maps of Indian and Japanese
ports paper the walls of a Dominion Resources Inc conference
room in a small Maryland town, population 1,835, known more for
crabbing and bird watching than global trade and the U.S.
natural gas revolution.
Dominion, an American energy company long focused on
U.S. markets, hopes to begin an expansion worth billions of
dollars at its Cove Point complex on Chesapeake Bay later this
year. As part of the plan, compressors fired by a new power
plant would cool gas to -260 degrees F (-162 C) until it becomes
the hot global commodity known as liquefied natural gas, or LNG.
NEW YORK/WASHINGTON, Feb 28 (Reuters) – Oil shipments by
rail from the booming Bakken shale in North Dakota have slowed
over the past two days, data showed on Friday, but a U.S.
regulator knocked down rumors that some terminals have been shut
down due to new rules.
Oil traders are on edge over concerns that an emergency
order from the U.S. Department of Transportation this week
requiring shippers to test all crude before it is carried by
train could cut into deliveries of Bakken crude, as much as
800,000 barrels per day (bpd) of which is shipped by rail.
WASHINGTON (Reuters) – The State Department acted properly in its choice of an outside contractor to review the Keystone XL oil pipeline, a U.S. report said on Wednesday, raising calls by the project’s supporters for President Barack Obama to approve it.
The State Department inspector general’s report cleared the State Department of accusations by environmentalists there was undue influence by the pipeline’s developer on a draft federal environmental review of the contentious project.
WASHINGTON, Feb 26 (Reuters) – The U.S. State Department
acted properly in its choice of an outside contractor to review
the Keystone XL oil pipeline, the agency’s inspector general
said on Wednesday, clearing it of accusations by
environmentalists there was undue influence by the pipeline’s
TransCanada Corp had recommended four companies to
the State Department to do an environmental review, including
Environmental Resources Management, Inc, or ERM, but did not
tell the department it had previously worked with the company.
WASHINGTON (Reuters) – A Nebraska judge’s ruling on the Keystone XL pipeline could let President Barack Obama delay his final decision on the project until after mid-term elections and avoid political damage, analysts say.
The Nebraska ruling on Wednesday put the controversial project in legal limbo and likely delayed the state’s decision on the pipeline until later this year.