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ENERGY NEWS
US
ENERGY REVIEW
By Tsvetana Paraskova
US oil and gas activity accelerated in the first quarter of 2022 as the nearterm outlook improved significantly, but uncertainty also spiked amid the soaring and volatile energy prices in the wake of Russia’s war in Ukraine. The US Administration called on domestic producers to boost oil output – if they can – to help ease the upward pressure on international crude oil prices and US petrol prices. The US oil industry supported the Administration’s ban on imports of Russian oil, LNG, and coal and urged policymakers once again to advance US energy leadership and expand domestic production to counter Russia’s influence in global energy markets.
www.ogv.energy I April 2022
