The Biden administration’s senior energy official on Sunday blamed the Opec oil “cartel” for soaring petrol prices in the US, putting more pressure on the group to increase crude output Continue Reading
Oil pared an early decline as OPEC+ may resist mounting pressure this week to boost production at a faster clip, and traders looked beyond China’s release of fuel reserves to Continue Reading
The COVID-19 pandemic sparked a chain reaction in energy markets that is still being felt. The oil price crash forced many producers into bankruptcy, resulting in the largest short-term oil Continue Reading
US coal is enjoying a brief resurgence under Joe Biden — a president who promised to curb the country’s use of fossil fuels and will join other world leaders at Continue Reading
Consumer prices rose at the fastest pace in 30 years in September while workers saw their biggest compensation boosts in at least 20 years, according to new government data released Continue Reading
August 2021 In August 2021, dry natural gas production increased year over year for the month, for the fifth consecutive month. The preliminary level for dry natural gas production in Continue Reading
Big Oil majors, including Exxon, BP, Shell, and Chevron, may be subpoenaed to turn over financial documents as part of a congressional probe into alleged disinformation about the effect of Continue Reading
U.S. coal miners are enjoying the surge in demand for the fossil fuel, with almost all of their production through the end of next year—and some into 2023 even—already sold, Continue Reading
The U.S. Supreme Court on Friday agreed to hear a bid by states including coal producer West Virginia and industry groups to limit federal power to regulate carbon emissions from Continue Reading
Executives from some of the world’s biggest oil companies denied in U.S. congressional testimony on Thursday that they continue to misinform the public about the role of fossil fuels in Continue Reading
