ENERGY

Oil prices were flat today as traders anxiously await OPEC+'s decision later this week.

Crude slipped after President Joe Biden said that a deal to free some Israeli hostages held by militant group Hamas is imminent.

Later on, oil regained some ground on news that Federal Reserve policymakers are united around a strategy to “proceed carefully” on future interest-rate moves.

An expected buildup in US stockpiles, as well as the contango structure of WTI’s front-month (more…)

Authored by Simon Watkins via OilPrice.com,

• LNG requires much less infrastructure to be delivered than oil or gas sent through pipelines, so it is generally cheaper overall for sellers to develop and to expand their market share.

• After massive Russian oil and gas supplies were sanctioned following the 24 February 2022 invasion of Ukraine, LNG firmly became the world’s key swing energy supply.

• Russia stated just over a week ago that it would do everything it (more…)

Authored by Rick Whitbeck via RealClear Wire,

Fifty years ago this week, legislation authorizing construction of the Trans-Alaska Pipeline passed both houses of Congress and was signed into law by President Richard Nixon. 

The whole process took all of five days.

Not only was the timeline unprecedented, but so was the fact that the act specifically halted all legal challenges against the planned pipeline. Furthermore, it prohibited federal and state agencies from (more…)