Expiring U.S. solar subsidy spurs rush for panels
America’s biggest solar power developers are stockpiling panels to lock in a 30% federal tax credit set to start phasing out next year, a strategy that could backfire if projects Continue Reading
‘Potentially deadly’ heat wave grips two-thirds of U.S., with dozens of records likely to fall
Forecast heat index in the eastern United States at 2 p.m. Saturday, from the NAM model. The hottest weather in years is stifling two-thirds of the United States, stretching from Continue Reading
U.S. Oil Rig Count Falls Amid Production Dip
The US oil and gas rig count fell by 4 this week, according to Baker Hughes, after a string of losses that have stripped away 36 rigs since the beginning Continue Reading
Trump Administration Announces Huge Gulf of Mexico Oil & Gas Lease Sale
The U.S. Secretary of the Interior David Bernhardt and Bureau of Ocean Energy Management (BOEM) announced Thursday that BOEM proposes to offer 77.8 million acres for a region-wide lease sale. Continue Reading
Analysis: Permian gas prices hit four-month high on rising demand
Highlights Waha weekly average at 97 cents, up from negative territory Texas, Southwest power burns hit annual highs in mid-July Denver — Permian Basin gas prices averaged their highest since Continue Reading
The Stars Are Finally Aligned for Clean and Limitless Fusion Energy Generators at Kronos Fusion
A California start-up has redesigned Fusion Energy by leveraging three major breakthroughs in Fusion Power and managed to cut costs by 20%. Kronos-Fusion at MathLabs Ventures has given investors, scientists Continue Reading
PES refinery outage adds to plight of homeless light sweet crude
A June 21 fire and explosion set to permanently close the biggest oil refinery on the U.S. East Coast has shaken markets as far away as the North Sea and Continue Reading
Crude oil futures up on mixed US stocks data, geopolitical tensions
Crude oil futures were stable to marginally higher during mid-morning trade in Asia Thursday, amid a mixed report on US inventory data and ongoing geopolitical tensions. At 10:20 am Singapore Continue Reading
Crude futures steady after fall on U.S. oil products stocks gain
Oil prices steadied on Thursday after falling in the previous session when official data showed U.S. stockpiles of products like gasoline rose sharply last week, suggesting weak demand during the Continue Reading
Oil prices fall more than 1% after U.S. fuel inventories build
Oil futures fell more than 1% on Wednesday, extending a more than 3% drop in prices the previous session, after U.S. government data showed large builds in refined product stockpiles. Continue Reading