A Native American tribe in North Dakota has entered an agreement to buy an idle pipeline from Enbridge to help deliver oil from wells on its reservation to the broader market for $5 million. The Mandan, Hidatsa and Arikara Nation (MHA Nation) announced the deal Friday (6/9) and the tribe said it

Overall feedgas last week averaged 11.04 Bcf/d, down 940 MMcf/d week-on-week, driven by lower flows to Sabine Pass. Although it has not been confirmed by Cheniere, it is likely that terminal maintenance has started at Sabine Pass. Twenty-one LNG cargoes departed from U.S.

Forecasts calling for above-average temperatures drove natural gas prices higher this week, with the Henry Hub July contract settling Friday at $2.254/MMbtu, up 8.2 cents from last Friday’s close.

Global oil inventories are expected to fall over the next five quarters, the EIA said in its latest Short Term Energy Outlook (STEO), which was released just two days after the OPEC+ announcement that it would extend its production cuts through 2024 and Saudi Arabia decision to voluntary cut prod