Ski resorts cheer as spring storm dumps snow in California
A spring storm brought several feet of snow to the Sierra Nevada and rain to parts of the San Francisco Bay Area, with more stormy weather expected this week. The Continue Reading
US natural gas export fever tempered by costs and climate concerns
A vessel docked at a jetty on Louisiana’s coast is claiming its cargo of liquefied natural gas. Ice forms on a pipe as chilled fuel extracted from fields as far Continue Reading
Texas Sees Oil Employment Rise In March
The Texas Independent Producers and Royalty Owners Association notes another month of positive job growth for the Texas upstream sector in 2022. Citing the latest Current Employment Statistics report from Continue Reading
Several Million U.S. Workers Seen Staying Out of Labor Force Indefinitely
The American workforce has been changing rapidly. Here is a look at where the workers have gone and why. Photo illustration: Liz Ornitz/WSJ Several million workers who dropped out of Continue Reading
U.S., allies plan for long-term isolation of Russia
Nearly two months into Vladimir Putin’s brutal assault on Ukraine, the Biden administration and its European allies have begun planning for a far different world, in which they no longer Continue Reading
U.S. to resume oil, gas drilling on public land despite Biden campaign pledge
The Biden administration on Friday said it has resumed plans for oil and gas development on federal lands, a move that could break a pledge Joe Biden made while campaigning Continue Reading
U.S. Factory Output Rises More Than Forecast in Broad Advance
U.S. factory production rose in March by more than forecast, marking the third straight month of gains that show steady progress for manufacturers against a backdrop of gradually improving supply Continue Reading
Biden Shrinks U.S. Land Open for New Oil and Gas Drilling
Photographer: Paul Ratje/AFP/Getty Images President Joe Biden’s administration is dramatically curtailing U.S. public land available for new oil and gas development as it restarts leasing with new environmental protections. The Continue Reading
Several Million U.S. Workers Seen Staying Out of Labor Force Indefinitely
Several million workers who dropped out of the U.S. workforce during the Covid-19 pandemic plan to stay out indefinitely because of persistent illness fears or physical impairments, potentially exacerbating the Continue Reading
California Considers the Four-Day Workweek
Which is better: A four-day workweek or five? Companies and governments around the world have been debating that question recently, driven by a tight labor market along with workers seeking Continue Reading
Wind Passed Coal, Nuclear Power in U.S. for First Time on Record
Wind turbines in the U.S. produced more electricity than coal or nuclear plants on March 29 for the first time on record, the U.S. Energy Information Administration said Thursday. That Continue Reading
California Ran on Nearly 100% Clean Energy This Month
Wind turbines at the San Gorgonio Pass wind farm in Whitewater, California. California, which aims to have a carbon-free power grid within 25 years, got a short glimpse of that Continue Reading
New York Clears $4.5 Billion Plan to Bring Hydropower to Big Apple
Regulators approved a $4.5 billion transmission line that will deliver Canadian hydropower to New York City, a key component of the Empire State’s efforts to eliminate carbon from its power Continue Reading
New York State backs long-term Canadian hydropower project
New York State on Thursday approved a multi-billion-dollar, long-term project by Montreal-based public utility Hydro-Quebec (QBEC.UL) to deliver hydropower to parts of New York City. Hydro-Quebec said its U.S. partner, Continue Reading
China to surpass US as world’s top refiner in 2022 with 18.8 mil b/d capacity: ETRI
Small-scale private refining capacity’s share fell to 21% in 2021 Call for more oil product export quota to offset stock pressure NEV sales up despite fall in total car sales Continue Reading
U.S. gives Ukraine $800 million more in military aid, adds heavy weapons
U.S. President Joe Biden announced an additional $800 million in military assistance to Ukraine on Wednesday, expanding the scope of the systems provided to include heavy artillery ahead of a Continue Reading
Companies Size Up Their Losses on Russian Operations
Share The consequences of harsh economic sanctions against Russia are already being felt across the globe. The cost to shareholders of Western companies’ exodus from Russia will become clearer in coming weeks, Continue Reading
Oil Prices Hold Gains Despite Major Crude Inventory Build
The American Petroleum Institute (API) reported a surprise build this week for crude oil of 7.757 million barrels, compared to analyst predictions of a 1.367 million barrel build. U.S. crude Continue Reading
Exclusive: U.S. to announce $750 million more in weapons for Ukraine, officials say
U.S. President Joe Biden’s administration is expected to announce as soon as Wednesday another $750 million in military assistance for Ukraine for its fight against Russian forces, two U.S. officials Continue Reading
COVID-19, overdoses pushed US to highest death total ever
2021 was the deadliest year in U.S. history, and new data and research are offering more insights into how it got that bad. The main reason for the increase in Continue Reading
U.S. Inflation Accelerated to 8.5% in March, Hitting Four-Decade High
Consumers are growing savvy to shrink flation, the practice of downsizing the contents of a product rather than raising prices. So companies are getting creative. WSJ’s Annie Gasparro explains how Continue Reading
Short-Term Energy Outlook
Forecast Highlights Global liquid fuels The April Short-Term Energy Outlook (STEO) is subject to heightened levels of uncertainty resulting from a variety of factors, including Russia’s further invasion of Ukraine. This STEO Continue Reading
US gas storage deficit likely to widen in anemic start to injection season
Highlights Survey calls for an undersized injection of 10 Bcf Henry Hub 2022 futures approach $7/MMBtu Following a rocky start to the US natural gas storage injection season, milder weather Continue Reading
US coal exports to reach 3-year high amid war in Ukraine: EIA
Production estimated at the highest level since 2019 Gas loses stack share to coal amid high prices Pointing to supply disruptions amid Russia’s war in Ukraine, the Energy Information Administration Continue Reading
Biden to allow higher-ethanol fuel sales in summer to check gas prices
U.S. President Joe Biden will unveil plans on Tuesday to extend the availability of higher biofuels-blended gasoline during summer to curb soaring fuel costs and to cut reliance on foreign Continue Reading
US inflation expected to have topped 8% in March
US consumer price growth is expected to have surpassed 8 percent in March following a surge in energy and food prices following Russia’s war on Ukraine, bolstering expectations the Federal Continue Reading
USA Refinery Run Rate Very High for April
Rigzone’s regular energy prognosticators take a look at the U.S. refinery run rate, Strategic Petroleum Reserve release destinations, growth in the context of pandemic recovery and more. (The views and Continue Reading
White House says it is still considering gas tax cut
The White House is still considering a possible federal gas tax holiday to lower U.S. consumer energy costs, spokesperson Jen Psaki said on Friday. View full article at www.reuters.com
Biden bets strong job market will shield economy from slump
The U.S. economy faces plenty of threats: War in Ukraine, high grocery bills, spiking gasoline prices, splintered supply chains, the lingering pandemic and rising interest rates that slow growth. The Continue Reading
Walmart Dangles $110,000 Starting Pay to Lure Truck Drivers
The trucking industry has long been dealing with a shortage of drivers and high job turnover, but supply-chain bottlenecks have underscored the need for new recruits. Here’s how some companies Continue Reading
Senate, House Vote to Strip Russia of Favored Trade Status, Back Biden Oil Ban
The House and Senate passed bills stripping Russia of its most-favored-nation trade status and approving a ban on Russian oil imports to punish Moscow over its invasion of Ukraine, sending Continue Reading
Why Wind Power Growth Is Slowing In The U.S.
By a number of metrics, 2021 was the best year for renewable energy on record. The energy industry added as much as 37GW of new solar and wind capacity last Continue Reading
U.S. Congress Bans Imports Of Russian Crude Oil
The United States Congress voted to ban the import of Russian crude oil, and to suspend normal trade relations with Russia, as the United States moves to increase its pressure Continue Reading
U.S. Gas Firms Meet With European Buyers
Executives from several U.S. LNG producing companies met with European energy officials to discuss purchases of liquefied natural gas. The meetings, held in the United States, followed a promise made Continue Reading
Big Oil to tell Congress markets, not companies, set fuel prices-testimony
U.S. oil executives will tell Congress on Wednesday they are boosting energy output and no one company sets the price of gasoline, according to pre-released written testimony, as they defend Continue Reading
U.S. shale gas, LNG firms meet with European countries over supply crisis
At least a dozen U.S. shale gas executives met on Wednesday with European energy officials to discuss expanding U.S. fuel supplies to Europe amid a scramble to replace Russian imports. Continue Reading
Is It Time To Revisit The Keystone XL Pipeline?
U.S. President Biden canceled the controversial Keystone XL pipeline in 2021. As oil shortages weigh on global domestic markets, some lawmakers are urging Biden to rethink his decision. Energy insecurity Continue Reading
U.S. LNG Exporter Signs Another Long-Term Deal With China
NextDecade Corporation signed on Wednesday another long-term agreement for a U.S. exporter to sell liquefied natural gas (LNG) to China in the most recent deal between American and Chinese firms. Continue Reading
South Central gas storage build at risk as Gulf Coast LNG export demand grows
Storage hits season-low at 153 Bcf deficit to average Gulf Coast LNG feedgas demand up 2 Bcf/d vs. 2021 Salt dome drawdown possibly extended this season As gas storage levels Continue Reading
Werner piloting Aurora’s autonomous trucks on 600-mile route in Texas
Aurora Innovation and Werner Enterprises, a premier transportation and logistics provider, announced a collaboration and commercial pilot to test and deploy safely autonomous trucks on one of the most commercially Continue Reading
U.S, EU to Hit Russian Investments With New Round of Sanctions
EU May Need Sanctions on Russian Oil, Gas, Michel Says The U.S., European Union and Group of Seven are coordinating on a fresh round of sanctions on Russia, including a Continue Reading
New satellite-driven methane calculations could add visibility into US natural gas emissions
Calculations utilize satellite data from Copernicus Sentinel 5P Emissions will be calculated for 19 US basins at a monthly cadence S&P Global Commodity Insights announced April 5 that it will Continue Reading
Storms batter aging power grid as climate disasters spread
Power outages from severe weather have doubled over the past two decades across the U.S., as a warming climate stirs more destructive storms that cripple broad segments of the nation’s Continue Reading
Big Oil to tell Congress markets, not companies, set fuel prices-testimony
U.S. oil executives will tell Congress on Wednesday they are boosting energy output and no one company sets the price of gasoline, according to pre-released written testimony, as they defend Continue Reading
U.S. senators want ‘elevated and volatile’ West Coast pump prices investigated
Three U.S. senators wrote to the U.S. Federal Trade Commission on Tuesday to urge an investigation into “elevated and volatile” prices for gasoline, diesel and jet fuel. Senators Maria Cantwell, Continue Reading
Yellen to Warn War Threatens ‘Enormous Economic Repercussions’
Janet Yellen U.S. Treasury Secretary Janet Yellen will warn on Wednesday that the war in Ukraine threatens to inflict “enormous economic repercussions” globally, just as governments impose fresh sanctions on Continue Reading
U.S., EU to Impose More Sanctions on Russia After War-Crimes Reports
The U.S. and the EU are set to unveil new sanctions on Russia this week, after allegations from Ukraine of potential war crimes against civilians by Russian forces galvanized a Continue Reading
‘A real stroke of genius’: US leads efforts to publicise Ukraine intelligence
In a packed university hall in Canberra last week, Jeremy Fleming, the chief ofBritish spy agency GCHQ, shared the kind ofjaw-dropping classified intelligence that the public rarely hears. He said Continue Reading
Canada’s Oil Boom Constrained By Workforce Shortage
While $100 oil incentivizes increased production in Canada’s crude-producing province of Alberta, the ramp-up of production is being held back by an issue all too familiar to the U.S. shale Continue Reading
U.S. Gas Production Set To Fall On Lack Of Pipelines
EIA: U.S. gas production and consumption could fall if no new interstate pipelines are built. Lack of new pipeline infrastructure could lead to higher gas and electricity prices. Pipeline bans Continue Reading