China auto sales off 22.4% in first half of 2020
China’s auto sales rose 1.8% in June over a year earlier but fell by double digits for the first half of 2020 after the country shut down to fight the Continue Reading
Supreme Court ruling on Oklahoma tribal land raises questions for oil industry
A U.S. Supreme Court decision recognizing about half of Oklahoma as Native American reservation land has implications for oil and gas development in the state, raising complex regulatory and tax Continue Reading
Biofuel Revolution Was Doomed by Policy and Investment Failures
The mood was celebratory on a humid June evening in 2011 as a red-and-white Gulfstream G450 belonging to Honeywell International Inc. took off from a New Jersey airport at sunset Continue Reading
Reeling from the loss of gas tax revenue during pandemic, states are deferring billions of dollars of transportation projects
Leaders of state transportation departments across the nation say the coronavirus pandemic has left them facing an estimated $50 billion shortfall in funding needed to repave rutted and pockmarked roads, maintain Continue Reading
U.S. Rig Count Falls For 18th Week In A Row
Baker Hughes reported on Friday that the number of oil and gas rigs in the US fell again this week, by 5, to 258, marking the eighteenth loss in the Continue Reading
U.S. Natural Gas Production, Consumption And Exports Hit Record In 2019
The United States produced, consumed, and exported record volumes of natural gas last year, following years of rising output due to fracking and horizontal drilling, the Energy Information Administration (EIA) Continue Reading
An Ugly Week For U.S. Shale
This week was an ugly one for American shale: Several pipeline projects–both those existing and in the works–took severe hits that will have a profound effect on the shale industry Continue Reading
Shell Idles Unit At Texas Refinery Due To Demand Crash
Shell is idling a unit at the Deer Park, Texas, refinery for several months due to low demand for fuels, sources familiar with the refinery’s operations told Reuters . The Continue Reading
Prices rebound on summer heat, increased load as reopening continues
Western wholesale power prices in June jumped on average 26% month on month as demand increased with the continued reopening of businesses and with warmer weather moving into the region. Continue Reading
US June auto sales plunge over 25% on year, July outlook uncertain: consultants
US auto sales fell over 25% on the year in June, with July buying activity still facing uncertainty due to market disruptions caused by the coronavirus pandemic, according to industry Continue Reading