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Energy

U.S. crude is playing a bigger role in pricing global oil

by Lily Jamali
Jul 12, 2023
The addition of American crude oil to the Brent benchmark had an immediate impact on global oil prices.
Adding plentiful American crude to the Brent benchmark means the price is now influenced by a more stable source, said Eli Tesfaye of RJO Futures.
Frederic J. Brown/AFP via Getty Images
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Buffett's Berkshire Hathaway ramps up investment in liquefied natural gas

by Lily Jamali
Jul 11, 2023
The U.S. has become a leading exporter of LNG, which is often used to ease energy shortages around the world. That stokes price volatility.
A tanker on its way to deliver LNG to France. The U.S. has become a top exporter of the resource.
Clement Mahoudeau/AFP via Getty Images
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The Saudis are buying up Russian diesel — and selling more of the stuff they produce themselves

by Lily Jamali
May 30, 2023
The kingdom's actions are not a violation of sanctions.
Saudi Arabia is now buying roughly180,000 barrels of Russian diesel every day. Above, a refinery in Moscow.
Natalia Kolesnikova/AFP via Getty Images
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A Warmer World

Texas lawmakers want state-funded power plants to improve grid reliability

by Ali Budner
Apr 13, 2023
Blackouts and brownouts are becoming more common thanks to climate change. Grid managers say backup electricity options are essential — but at what cost?
Texas lawmakers are debating a bill that would fund new natural gas plants to act as a sort of fleet of emergency generators. Above, transmission towers near Houston.
Brandon Bell/Getty Images
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Energy crunch eases in emerging markets, thanks to Europe’s warm winter

by Lily Jamali
Apr 10, 2023
India, Thailand and other emerging markets struggled after some of the liquefied natural gas they'd expected was rerouted to Europe.
A flare tower at a natural gas facility in Indonesia. Countries like Indonesia and Bangladesh have been able to import more liquefied natural gas recently.
Azwar Ipank/AFP via Getty Images
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Wyoming school is training students for a new energy future

by Caitlin Tan
Apr 4, 2023
A power plant in the offing will need trained workers to build and operate it. A local college has the first power-line program in the state.
A student practices using his harness and spiked shoes to climb a power pole. The Western Wyoming Community College program sets up graduates to get apprenticeships to eventually become journeyman electricians.
Caitlin Tan/Wyoming Public Media
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Oil prices are plummeting as the banking crisis unfolds

by Lily Jamali
Mar 21, 2023
Trouble in the banking sector is scrambling expectations of how much oil the global economy needs right now.
Oil pumpjacks stand in the Inglewood Oil Field on in Los Angeles, California.
Mario Tama/Getty Images
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War and oil profits mean more investment in fossil fuels — and green energy

by David Brancaccio and Jarrett Dang
Feb 24, 2023
Oil giants are going to invest in more oil while also preparing for a greener future, says The Economist's Vijay Vaitheeswaran.
David McNew/Getty Images
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A Year of War

When war in Ukraine threatened its energy security, Germany weaned itself off Russian gas

by Lily Jamali
Feb 22, 2023
A warm winter in Europe helped ease the transition.
Officials visit a natural gas pipeline facility in Lubmin, northeastern Germany. Since invasion of Ukraine, the country has effectively weaned itself off of Russian natural gas.
Odd Andersen/AFP via Getty Images
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Home heating oil prices have dropped from record highs

by Samantha Fields
Feb 10, 2023
A milder winter is one reason why. But it's still a significant expense, and applications for assistance are up.
A milder winter means milder demand for home heating oil.
Sean Gallup/Getty Images
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