Highlights Independent E&P companies increased crude oil output to 70,000 b/d in June Three largest producers responsible for 50,000 b/d Pemex struggling to meet own goals Mexico City — Crude Continue Reading
The United States is considering cracking down on Iranian oil sales to China as it braces for the possibility that Tehran may not return to nuclear talks or may adopt Continue Reading
Most Americans who haven’t been vaccinated against COVID-19 say they are unlikely to get the shots and doubt they would work against the aggressive delta variant despite evidence they do, Continue Reading
Steven Penkevich spent 36 years at Ford Motor Co. F -0.65% as part of an army of Detroit engineers who perfected the internal combustion engine, a technology dating back to the dawn of the automobile Continue Reading
The Biden Administration is committing $300 million to invest in the economic development of coal and coal power plant-affected communities as part of a $3-billion funding for investment in America’s Continue Reading
Heat will bear down on Texas and the Great Plains within days, driving temperatures in Dallas above the 100-degree mark for the first time this year. A dome of high Continue Reading
The Biden administration is raising the pressure on China, confronting it on cyberattacks and human rights and making tentative progress rallying allies to its side, while so far avoiding deep Continue Reading
ESG investing: it’s in every media outlet and on every bank’s business plan. A rush to what many call alignment of values with investment goals has led to a flourishing Continue Reading
After six months of President Biden in office, and repeatedly dashed hopes at a nuclear deal with Iran, failing to come to an agreement means instead of lifting sanctions the Continue Reading
Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base/File Photo July 21 (Reuters) – U.S. Continue Reading
Shale drilling in North America is going to slow down in the second half of the year from its breakneck pace as explorers cling to promises of austerity, according to Continue Reading
The highly contagious Delta variant of Covid-19 doesn’t pose an immediate risk to the strength of the U.S. economic recovery, with analysts expecting a robust expansion to continue in the Continue Reading
It’s an eternal dispute – the need to meet consumer energy needs through oil and gas production versus the battle of climate change activists and green policy. When President Biden Continue Reading
Higher electric vehicle (EV) adoption and rising fuel efficiency will bring peak road transportation fuel demand forward to 2027, four years earlier than previously thought, BloombergNEF said in a report Continue Reading
California power company Pacific Gas and Electric (PCG.N) said on Wednesday it would bury 10,000 miles of power lines in high-risk fire zones as a safety measure after its equipment Continue Reading
A new flight of large-scale climate projects requiring financial backing of about $1 trillion a year will be needed to meet the Biden administration’s carbon goals, a U.S. Energy Department Continue Reading
The Department of Homeland Security on Tuesday required owners and operators of critical pipelines that transport hazardous liquids and natural gas to implement “urgently needed protections against cyber intrusions.” It Continue Reading
The Delta variant of the coronavirus is the cause of more than 80% of new U.S. COVID-19 cases, but the authorized vaccines remain more than 90% effective in preventing hospitalizations Continue Reading
Highlights Refinery utilization seen higher, distillate stocks likely down Gasoline demand expected to continue to soften slightly Crude exports seen around 3.5 million b/d: Platts Analytics More bullish draws of Continue Reading
Erratic winds and parched Oregon forests added to the dangers for firefighters on Monday as they battled the largest wildfire in the U.S., one of dozens burning across several Western Continue Reading
The U.S. energy sector lost 10% of its workforce last year due to the effects of the coronavirus pandemic, according to a report unveiled on Monday by U.S. government officials, Continue Reading
The largest wildfire in the U.S. torched more dry forest landscape in Oregon on Sunday, one of dozens of major blazes burning across the West as critically dangerous fire weather Continue Reading
The $3.5 trillion budget plan from congressional Democrats would finance a far-reaching transition to cleaner power, but it is expected to face opposition from parts of the energy industry and Continue Reading
Two years ago, Wall Street banks were on their way out of a long-term relationship with the oil industry. Now, with oil prices over $70 for the first time in Continue Reading
Greenland has ended its 50-year ambition to become an oil-producing nation after announcing it would suspend a strategy of searching for oil and would stop granting exploration licenses. Oil exploration Continue Reading
The left-leaning government of Greenland has decided to suspend all oil exploration off the world’s largest island, calling it is “a natural step” because the Arctic government “takes the climate Continue Reading
General Motors will pause production at four of its North American automobile assembly plants for two weeks as the industry continues to be affected by the global shortage of semiconductor Continue Reading
U.S. Jobless Claims Fall to Fresh Pandemic Low Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast . Applications for U.S. state unemployment Continue Reading
It is not a great time to be an oil pipeline developer or operator in North America these days. Policymakers are canceling projects and threatening to close operational pipelines. Environmental Continue Reading
Highlights Rockies, PNW at 50%-60% risk for hotter temperatures Southwest power burn averages record 5.1 Bcf/d in H1 July SoCal city-gate cash price tops $8/MMBtu this summer More record gas-fired Continue Reading
Firefighters scrambled on Friday to control a raging inferno in southeastern Oregon that’s spreading miles a day in windy conditions, one of numerous conflagrations across the U.S. West that are Continue Reading
The death toll from the freezing winter weather that battered Texas and caused widespread power outages this year has risen by 59, bringing the total to 210, officials said. The Continue Reading
Electric utilities emphasize the importance of natural gas-fired power plants to meeting demand. (Bloomberg) — Senate Democrats are proposing to penalize utilities that don’t meet clean-energy targets, while rewarding those Continue Reading
What allows any type of energy to be sustainable? I would argue that one of the requirements for sustainability is adequate production of taxable revenue . Company managements depend upon Continue Reading
Russian President Vladimir Putin told U.S. climate change envoy John Kerry that the two former Cold War rivals have a chance to cooperate in combating greenhouse gas emissions amid efforts Continue Reading
The United States has decided to temporarily waive sanctions on Iranian oil funds abroad but without returning Tehran’s access to its bank accounts in Japan and South Korea. “Allowing these Continue Reading
The Energy Information Administration (EIA) on Wednesday said U.S. coal production fell in 2020 to its lowest level since 1965 due to low global demand in the wake of the Continue Reading
Crude oil prices inched higher today after the Energy Information Administration reported a crude oil inventory draw of 7.9 million barrels for the week to July 9. The report was Continue Reading
The U.S. Senate passed legislation on Wednesday to ban the import of products from China’s Xinjiang region, the latest effort in Washington to punish Beijing for what U.S. officials say Continue Reading
– A U.S. Senate committee on Wednesday passed a bill on climate and energy initiatives that are expected to be debated as part of the wider bipartisan infrastructure bill. The Continue Reading
Democrats have agreed to include a tax on imports from nations that lack aggressive climate change policies as part of a sweeping $3.5 trillion budget plan stocked with other provisions Continue Reading
The United States has been engaging in “indirect but active” discussions to secure the release of U.S. detainees in Iran, State Department spokesman Ned Price said on Tuesday, adding that Continue Reading
U.S. Consumer Prices Surge in June, Topping All Estimates Prices paid by U.S. consumers surged in June by the most since 2008, topping all forecasts and testing the Federal Reserve’s Continue Reading
The COVID-19 curve in the U.S. is rising again after months of decline, with the number of new cases per day doubling over the past three weeks, driven by the Continue Reading
Tariq Fancy, BlackRock Inc.’s former chief investment officer for sustainable investing, found himself at odds with colleagues more focused on marketing sustainable funds than creating investments that have actual climate Continue Reading
While more than 80% of the largest U.S. companies have set emissions reduction goals, less than half engaged with lawmakers to advocate for science-based climate policies — and more than Continue Reading
U.S. inflation continued to accelerate in June at the fastest pace in 13 years as the recovery from the pandemic gained steam and consumer demand drove up prices for autos, airline fares and other items. The Continue Reading
Connecticut Hub power prices up 95% on year Gas-fired generation up 3 aGW from May Winter on-peak power expected in mid-$60s/MWh Power and natural gas prices increased sharply month on Continue Reading
America’s oil demand has soared to new heights in a remarkable turnaround from just a year ago when the pandemic sent the U.S. economy into a tailspin and decimated demand. Continue Reading
The Biden administration has tapped scientist Allison Crimmins from the Environmental Protection Agency to guide the U.S. government’s next authoritative report on the consequences of climate change. The report, known Continue Reading
