U.S. inflation likely reached a nearly four-decade high in November, as strong consumer demand collided with pandemic-related supply constraints. Economists surveyed by The Wall Street Journal estimate the Labor Department Continue Reading
The Biden administration is moving to tighten enforcement of sanctions against Iran, according to senior U.S. officials, the first sign of Washington increasing economic pressure on Tehran as diplomatic efforts to restore the Continue Reading
U.S. President Joe Biden on Wednesday will sign an executive order vowing to transition to the acquisition of only zero-emission vehicles by 2035 for the federal vehicle fleet, the White Continue Reading
U.S. crude stocks fell less than expected in the latest week while production rose and fuel inventories increased, the government reported on Wednesday. Crude inventories (USOILC=ECI) fell by 240,000 barrels Continue Reading
Americans are feeling some relief as the impact of a recent drop in oil prices trickles down to gasoline stations. The average retail price has dropped more than 2% nationwide Continue Reading
The United States is set to become the world’s largest LNG exporter next year. Due to a number of U.S. LNG projects coming online by the end of 2022, U.S. Continue Reading
A new report from Earth Scientist David Hughes seriously undermines rosy long-term forecasts made by the U.S. Energy Information Administration (EIA) for U.S. oil and natural gas from shale deposits Continue Reading
Ford Motor Co. reported November U.S. sales increased by 5.9% year over year to 158,793 vehicles. Total truck sales increased by 4.6%. Meanwhile, SUV sales increased by 20.8% and electrified Continue Reading
The Environmental Protection Agency has proposed reducing the amount of biofuels that oil refiners are mandated to add to petroleum fuels in a bid to provide some breathing space to Continue Reading
Global oil demand could see downside risks due to the Omicron variant, the U.S. Energy Information Administration (EIA) said on Tuesday, slashing its world oil consumption forecasts for both 2021 Continue Reading
