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Month: August 2021

Category:
  • LNG
  • Prices

Asian gas importers brace for steep winter LNG prices

Highlights Platts JKM already teasing $18/MMBtu Trading reflects concerns about steep price trajectory Gas inventories in North Asia, Europe closely watched Asia’s LNG importers expect high spot prices this winter Continue Reading

Posted On : 26 Aug 2021 Published By : Tom Whipple
Category:
  • Oil Supply
  • USA

U.S. crude inventories fall as demand hits highest since March 2020 – EIA

Crude inventories last week dropped for a third straight week while fuel demand rose to its highest since March 2020, the Energy Information Administration said on Wednesday. Crude inventories (USOILC=ECI) Continue Reading

Posted On : 26 Aug 2021 Published By : Tom Whipple
Category:
  • Refining

Phillips 66 refinery sale offers test of future for motor fuel suppliers

U.S. refiner Phillips 66’s (PSX.N) decision to market a Louisiana oil processing plant offers a key test of investors’ views on the pace of the transition to electric vehicles, refinery Continue Reading

Posted On : 26 Aug 2021 Published By : Tom Whipple
Category:
  • USA

Americans Keep Driving Despite Virus Concerns, Aiding Oil Prices

Americans are still buying up fuel to make the most of summer travel despite a new wave of Covid-19 outbreaks, allaying fears a resurgent virus would choke off the oil Continue Reading

Posted On : 26 Aug 2021 Published By : Tom Whipple
Category:
  • Climate
  • USA

Budget Puts Biden Climate Goals in Reach, Democratic Study Says

Energy and climate policies in two sweeping pieces of legislation moving through Congress would put within reach President Joe Biden’s goals of achieving 80% clean energy and a 50% economy-wide Continue Reading

Posted On : 26 Aug 2021 Published By : Tom Whipple
Category:
  • Climate
  • USA

EPA Dismissed Biden Officials’ Criticism of Auto Emissions Plan

White House and other administration officials told the Environmental Protection Agency that its industry-backed plan for tightening auto emissions limits was too lax, but the agency rebuffed those warnings and Continue Reading

Posted On : 26 Aug 2021 Published By : Tom Whipple
Category:
  • Economy

Insurers Can Afford to Drop Oil and Gas—But Many Won’t

For the insurance industry to fulfill its stated commitment to combat climate change, it may want to accelerate its efforts to exit the oil and gas industry . To date, Continue Reading

Posted On : 26 Aug 2021 Published By : Tom Whipple
Category:
  • Climate
  • USA

‘The Worst Thing I Can Ever Remember’: How Drought Is Crushing Ranchers – The New York Times

Darrell Rice stood in a field of corn he’d planted in early June, to be harvested in the fall and chopped up to feed the hundreds of cows and calves Continue Reading

Posted On : 26 Aug 2021 Published By : Tom Whipple
Category:
  • Climate
  • USA

The Plains and Upper Midwest are growing drier as drought deepens in the West.

Low levels of water in the Rockport reservoir in Oakley, Utah, last month.Credit…Lindsay D’Addato for The New York Times Credit…Source: NOAA’s National Centers for Environmental Information transcript Survivor of Deadly Continue Reading

Posted On : 26 Aug 2021 Published By : Tom Whipple
Category:
  • Electric Cars

Electric vehicle charging build-out in US at ‘inflection point,’ Siemens official says

In a major acceleration of its electric vehicle charging business in the US, Siemens plans to produce more than 1 million EV chargers for U.S. homes and businesses over the Continue Reading

Posted On : 26 Aug 2021 Published By : Tom Whipple

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