The U.S. Grid Isn’t Ready For A Major Shift To Renewables
The blame game for the massive power outages in Texas last month continues. The dominant argument is that renewables had an ignorable part to play in the crisis, with natural Continue Reading
Energy Secretary Ready To Unleash $40 Billion In Green Energy Funds
President Biden’s new Energy Secretary Jennifer Granholm is ready to let loose $40 billion in Department of Energy loans, the former Michigan governor said on Wednesday at CERAWeek. Granholm has Continue Reading
Summary of Weekly Petroleum Data for the week ending February 26, 2021
U.S. crude oil refinery inputs averaged 9.9 million barrels per day during the week ending February 26, 2021 which was 2.3 million barrels per day less than the previous week’s Continue Reading
A Second Power Provider Defaults After Texas Energy Crisis
Power retailer Entrust Energy Inc. became the second electricity seller to be barred from Texas’s power market for failing to make payments after last month’s energy crisis. The Electric Reliability Council of Continue Reading
Texas Power Regulator Urged to Halt Collections as Crisis Fallout Spreads – WSJ
Electricity retailers are asking Texas’ power regulator to suspend immediate collections on the massive bills arising from the state’s electricity outage, as energy market participants try to mitigate the threat Continue Reading
Will Private Shale Firms Crush The OPEC Oil Rally?
This year’s rally in oil prices brings back an all-too-familiar question for the oil market and the OPEC+ group: Will U.S. shale come back faster than expected to ruin the Continue Reading
Spotlight: After the thaw: US shale production quickly recovers, refinery outages to take longer
Temperatures dipped far below normal levels in the mid-region of the US during the week ending Feb. 19, causing substantial production freeze offs and power outages at refineries, terminals, and Continue Reading
CERAWEEK: Oil, gas industry must hasten pace of decarbonization effort, Moniz says
Highlights Electricity sector ‘walking the talk’ on emissions reductions Opportunities seen for oil, gas in low-carbon world Moniz says must pick up pace in seizing those opportunities New York — Continue Reading
U.S. Companies Add Fewer Jobs Than Forecast, ADP Data Show
The number of employees at U.S. businesses rose in February by less than expected, underscoring the labor market’s struggle to recover despite a decline in Covid-19 infections in recent weeks. Continue Reading
Russia Considers Cutting Government Borrowing As Oil Prices Rally
Russia could end up borrowing US$6.8 billion (500 billion Russian rubles) less than planned this year as rising oil prices help its key oil revenues to rise, Bloomberg reported on Continue Reading