U.S. Shale Producers Stick To Output Discipline
Despite a strong rebound in oil prices, seeing them hit three-year highs, U.S. shale oil producers are sticking to their output discipline, Reuters reports , citing rig count data and Continue Reading
US Northeast heat wave pushing up demand, power, gas prices thru midweek
The US Northeast has been hit by this year’s second heat wave, with forecasts for increased power demand, and temperatures above 90 degrees Fahrenheit, while power and natural gas prices Continue Reading
Tampa Electric coal burn jumps 51.9% to 49,854 st in May: filing
Tampa Electric saw its coal burn fall to 49,854 st in May, up 51.9% from the 32,825 st burned in April, according to the filing published June 28 by the Continue Reading
Car Dealers Are Selling More Vehicles Above the Sticker Price
The sticker price on cars isn’t sticking. In some cases, it’s going up. Auto makers typically set what is known as the manufacturer’s suggested retail price, or MSRP, a figure Continue Reading
US shale patch resists temptation for new drilling rush
The US shale patch is holding back on big production boosts despite bumper profits and surging crude prices, as executives seek to avoid being punished again for responding with rapid Continue Reading
United Airlines is planning a record expansion of its aircraft fleet.
United expects to add more than 500 aircraft to its fleet in the coming years.Chris Helgren/Reuters United Airlines announced Tuesday that it was ordering 270 single-aisle planes from Boeing and Continue Reading
New York and New Jersey Need an $11B Tunnel. Will Biden Make It Happen?
Transportation Secretary Pete Buttigieg got a close-up look at the crumbling state of New York City’s most critical rail link on Monday and vowed that the Biden administration was committed Continue Reading
Sizzling forecasts, persistent heat rekindle NYMEX Henry Hub gas futures rally
Prompt-month tops $3.60, bal-21 averages $3.65/MMBtu Heat waves, limited generating capacity lift gas-fired burns Tight US supply-demand fundamentals spur market bulls NYMEX Henry Hub natural gas futures on June 28 Continue Reading
Drilling Contractor Invests in Geothermal Tech Firms
The global drilling contractor is investing a total of $21 million in a pair of geothermal technology companies. PHOTO SOURCE: Nabors Industries Nabors Industries (NYSE: NBR) reported last week that Continue Reading
EU countries approve landmark climate change law
European Union countries on Monday gave the final seal of approval to a law to make the bloc’s greenhouse gas emissions targets legally binding, as EU policymakers prepare a huge Continue Reading