Petroleum News, Oil & Gas News – Industry & Market News

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Glut Causing Uncertainty For LNG

U.S. liquefied natural gas (LNG) exporters could see cargo cancellations return this summer if the current supply glut cannot be alleviated by then, analysts said recently. According to IHS Markit, 2020 saw an estimated global…

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Refinery Closings Increasing

Permanent refining capacity closures expected for 2020-2021 have risen to about 1.7 million barrels per day (bpd) as the COVID-19 pandemic hammers demand for oil products, according to the International Energy Agency (IEA). About a…

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ThompsonGas Expands Holdings

ThompsonGas, based in Frederick, Md., has acquired All Service Propane, a propane provider based in Anderson, Calif, in the northern region of the state. “We are pleased to announce that we have added All Service…

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Cold Snap Roiled Gas Market

The February cold snap that pushed liquefied natural gas (LNG) prices to record highs is also roiling liquid petroleum gas (LPG), leading to shortages of the gas that’s used for heating and cooking as well…

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Nikola Wins Fuel-Cell Approval

After a rocky finish in 2020, Nikola announced it has secured an innovative electric rate schedule with Arizona Public Service Co. (APS) that the company said makes possible the accelerated development of hydrogen-based fueling solutions…

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Biden Revokes Keystone Pipeline

The Biden Administration has revoked a key permit for the proposed Keystone XL pipeline, the second time a Democratic administration has scuttled the $8 billion project in less than a decade. President Biden’s action was…

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