A barrage of divisive economic signals, combined with plummeting technology stocks, led financial markets to close April at lows last seen when the pandemic began in March 2020. Uncertainty about Continue Reading
Weekly U.S. crude oil production figures by the Energy Information Administration are a closely watched data set, but monthly production figures—which lag by months—often are seen as painting a more Continue Reading
Diesel prices, the lifeblood of industry, have hit a record $5.16 per gallon, trending $1 per gallon higher than gasoline prices, with inventory shortages adding severe pressure and resulting in Continue Reading
Waiver to allow ‘small’ increase in ethanol demand: S&P Global Waiver is not a ‘silver bullet’ for gas prices: White House Ethanol groups want to see action toward a permanent Continue Reading
The United States does not believe that there is a threat of Russia using nuclear weapons despite a recent escalation in Moscow’s rhetoric, a senior U.S. defense official said on Continue Reading
The U.S. solar industry is warning of a big slowdown in project installations this year as global supply chain disruptions and the threat of new U.S. tariffs on panel imports Continue Reading
Democrats in Congress, accusing oil companies of gouging and profiteering that has raised gasoline prices, on Thursday promised legislation to allow the U.S. Federal Trade Commission and state attorneys general Continue Reading
Amazon.com Inc. AMZN 4.65%▲ posted its first quarterly loss in seven years, a result that reflected broad economic trends related to a slump in online shopping, higher costs from inflation Continue Reading
Every day, millions of sailors, truck drivers, longshoremen, warehouse workers and delivery drivers keep mountains of goods moving into stores and homes to meet consumers’ increasing expectations of convenience. But Continue Reading
Intel said Thursday that first-quarter sales fell almost 7% to $18.35 billion, missing Wall Street expectations. Intel generated net income of $8.1 billion. Consumer demand for lower-end PCs was particularly Continue Reading
Apple executives warned that the group could sustain a hit of up to $8bn in the current quarter from headwinds including supply chain shortages and factory shutdowns in China, underscoring Continue Reading
A severe-to-exceptional drought is continuing to parch the West and the Plains, with scant rainfall and increasing temperatures desiccating the landscape in recent months. Reservoirs are scraping rock bottom, and Continue Reading
Electric power sector generation from renewable sources totaled 795 million MWh in the United States in 2021, surpassing nuclear generation. Electric power sector generation from renewable sources totaled 795 million Continue Reading
U.S. crude exports to Europe climbed in March and April as buyers across the Atlantic snapped up the country’s light sweet grades to offset the expected loss of Russian oil, Continue Reading
Meteorologists are monitoring the potential for a “triple-dip La Niña,” an unusual resurgence of cooler-than-normal sea surface temperatures in the eastern tropical Pacific. While such a phenomenon might seem remote, Continue Reading
Government data on Thursday is expected to provide evidence that the economic recovery remained on track in the first three months of the year — but you may have to Continue Reading
The United States is finally “out of the full-blown explosive pandemic phase” that has led to nearly 1 million deaths from covid-19 and more than two years of suffering and Continue Reading
Soaring fuel prices have been a boon for U.S. refiners this year. Growing demand and tightening supply are helping push refining margins even higher. American refiners are likely to continue Continue Reading
In response to Russia’s move to cut off gas to Poland and Bulgaria, the Biden administration has authorized more LNG shipments from two U.S. plants currently in the development phase. Continue Reading
Crude oil prices remained largely unchanged today after the U.S. Energy Information Administration reported a modest crude oil inventory build of 700,000 barrels for the week to April 22. This Continue Reading
The US power market may be in for another wave of coal-to-gas switching this summer as potential replacement fuel demand from Western Europe drives global coal prices higher. Receive daily Continue Reading
Gasoline stocks fall 1.57 million barrels USAC gasoline stocks 22% below average Cushing stocks at 11-week high Major US refined product inventories saw counter-seasonal draws in the week ended April Continue Reading
As fourth doses of Covid vaccines roll out, some are questioning whether the general population needs them. At the center of this debate are mysterious T-cells. WSJ’s Daniela Hernandez explains Continue Reading
Survey predicts 42 Bcf build in the week ended April 22 Storage deficit would widen again to over 300 Bcf Milder temperatures point to larger end-April build US natural gas Continue Reading
Oil and natural gas investments are on the rise despite the global push toward renewable energy. The global transition to green energy will need the help of fossil fuels to Continue Reading
Along this stretch of the Gulf Coast where wetlands yield to fuel and petrochemical plants, chatter has predictably turned to Europe’s energy dilemma, with giddy projections that it will feed Continue Reading
Rigzone speaks to the Department of the Interior, the National Ocean Industries Association, the Energy Workforce and Technology Council and Fitch Solutions. According to the Department of the Interior (DOI), Continue Reading
U.S. oilfield services firm Halliburton Co (HAL.N) on Friday warned it may face the Russian government’s seizure of its $340 million in assets in the country and a future charge Continue Reading
U.S. climate envoy John Kerry on Thursday put natural gas on notice, saying the world’s reliance on the fossil fuel should be limited to potentially a decade, unless its greenhouse Continue Reading
Met exports at six-year low for corresponding month Thermal coal shipments decrease 23.5% on month Coal exports from Ridley Terminals in British Colombia dropped to 373,310 mt in March, down Continue Reading
US refiners seek remedy for high gasoline prices High RFS costs shut refineries, cuts supply E15 waiver directly helps Midwestern drivers US refiners are taking their plea to the public Continue Reading
Senior White House advisor: Europe is determined to ban imports of Russian oil and gas. Yellen: full ban of Russian crude could have unintended consequences to the U.S. economy. Europe’s Continue Reading
The world looks different months after leaders vowed in November at a U.N. climate summit in Glasgow, Scotland, to redouble their efforts to slow Earth’s warming. The coronavirus pandemic has dragged on, upending Continue Reading
Firefighters are bracing for the return of ferocious winds in the Southwest after a brief reprieve allowed them to attack flames from the air for the first time in days Continue Reading
The U.S. West Coast is expected to import 120,000 barrels per day of gasoline and blending components for the remainder of this month, up from 95,000 bpd in the first Continue Reading
Since the U.S. began exporting more natural gas than it imports, natural gas exports both by pipeline and as LNG have grown significantly. Since the United States began exporting more Continue Reading
The U.S. Transportation Department said on Thursday it would award $6.4 billion over five years to states to fund projects to reduce greenhouse gas emissions. The funding, part of a Continue Reading
Five years after the United States became a net exporter of natural gas on an annual basis , the country’s natural gas exports both by pipeline and as liquefied natural Continue Reading
The United States on Wednesday imposed sanctions on dozens of people and entities, including a Russian commercial bank and a virtual currency mining company, hoping to target Moscow’s evasion of Continue Reading
U.S. Banks are facing massive write-offs following their exit from Russia. Citigroup is one of the banks with the largest disclosed exposure to Russia. Some banks have performed well despite Continue Reading
Saudi Crown Prince Mohammed bin Salman, wearing shorts at his seaside palace, sought a relaxed tone for his first meeting with President Biden’s national security adviser, Jake Sullivan, last September. The Continue Reading
Europe is desperate to replace Russian gas, which has driven the U.S. to export as much LNG as it possibly can. 12 new LNG projects in the U.S. have already Continue Reading
As calls for new oil supply around the world grow louder, U.S. shale production is climbing slowly as producers refuse to throw caution to the wind. Drilled but uncompleted wells, Continue Reading
The Biden administration on Tuesday opened applications for a $6 billion program to help nuclear power plants struggling with rising costs as it seeks to stop the generators from shutting Continue Reading
The U.S. has provided the equivalent of 7.6 billion euros ($8.2 billion) to Ukraine since the outbreak of war, making it the country’s biggest supporter, according to the Kiel Institute Continue Reading
Wind and solar energy are booming in the United States. The country’s power grid, however, may not be ready for the transition. America’s dated electric grid is in desperate need Continue Reading
Gasoline prices in the United States have dropped to a national average of $4.087 per gallon, down from $4.114 a week ago, but with oil prices rising again on the Continue Reading
Stumbling gas production averages 13.8 Bcf/d in 2022 Rig count, new drilling, well completions accelerating Pipelines, local demand support growth to 17-18 Bcf/d Long-haul natural gas pipelines from the Permian Continue Reading
Everything can be politicized, except food. This holds more relevance amid widespread protest and collective boycott calls against Russia’s invasion of Ukraine since Feb. 24 . With hundreds of multinational Continue Reading
The odds of a new nuclear deal with Iran are shrinking. The Iranian position on several key issues is preventing a breakthrough. Without addressing the future role of Iran in Continue Reading
