U.S. Oil Drillers To Face More Pain Despite Higher Prices
WTI is back above $50 a barrel, and things are looking up for the battered U.S. oil industry. Yet, although the worst may be behind drillers, they still face a Continue Reading
EIA: U.S. Natural Gas Reserves Slip Amid Low Prices
Natural gas reserves in the United States fell by 2 percent in 2019 due to low prices, the Energy Information Administration said in an update on the country’s oil and Continue Reading
Three US LNG facilities see lower utilization as historic Asian price surge continues
Kinder Morgan’s Elba Liquefaction is working on scheduling repairs to a unit at the 10-train facility in the US state of Georgia that has been offline since a fire eight Continue Reading
Texas well-suited to become leading US producer of low-cost hydrogen: panelists
Texas is well-suited to become the leading producer of low-cost hydrogen in the US due to its existing hydrogen infrastructure and proximity to renewables, natural gas and storage resources, according Continue Reading
EIA shaves gas consumption decline forecast, even as power sector use softens
The US Energy Information Administration Jan. 12 raised its natural gas consumption forecasts for the first two quarters of 2021, even as it continued to predict rising gas prices will Continue Reading
Look, up in the sky – it’s a flying Cadillac! GM unveils futuristic vehicle
General Motors Co on Tuesday presented a futuristic flying Cadillac – a self-driving vehicle which takes off and lands vertically and carries the passenger above the streets and through the Continue Reading
Why A Fracking Ban Won’t Kill U.S. Shale
One of the things that had the oil industry worried about a Biden administration was his opposition to fracking, and his promise to ban it on federal lands on his Continue Reading
US 2021 coal production expected to rise 15.6% on year: EIA
Highlights 2021 production estimate to rise from 55-year low in 2020 Coal to make up 22.4% of 2021 power share, 24.1% in 2022 Houston — The US is estimated to Continue Reading
GM launches BrightDrop: first-to-last-mile electric ecosystem for goods & services
General Motors has launched a new business, BrightDrop , which will offer an ecosystem of electric first-to-last-mile products, software and services to empower delivery and logistics companies to move goods Continue Reading
U.S. EIA cuts 2021 world oil demand growth forecast
The U.S. Energy Information Administration on Tuesday cut its 2021 world oil demand growth forecast by 220,000 barrels per day from its previous estimate. In its monthly forecast, U.S. Energy Continue Reading