Winter was not quite done as US gas storage volumes flip back to withdrawals following an early injection, according to a survey of analysts by S&P Global Commodity Insights. The Continue Reading
An alliance of opposition parties in Mexico is threatening a proposal for greater state control of the electricity market, saying on Monday it would vote against President Andres Manuel Lopez Continue Reading
A measure of U.S. supply-chain pressures rose to a record, adding to already stiff inflationary headwinds from logistics amid dwindling warehouse space and unprecedented inventory costs. The Logistics Managers’ Index Continue Reading
New York Governor Kathy Hochul will soon release a budget that likely will include a plan to make New York the first state to ban natural gas and other fossil Continue Reading
Hertz Global Holdings Inc. plans to buy 65,000 electric vehicles from Polestar over the next five years, betting its renters are both EV curious and eager to drive brands beyond Continue Reading
Ford and GM recently introduced their first electric pickup trucks. WSJ auto reporter Mike Colias breaks down the different strategies the two legacy auto manufacturers are pursuing to bring their Continue Reading
There is little sign that a recession is imminent. But sky-high demand and supply shortages are testing the economy’s limits. The rapid rebound in consumer spending has overwhelmed supply chains, Continue Reading
Oil companies are receiving major criticism over recent profits as gasoline prices continue to soar. The truth, however, is that the number of rigs drilling for oil in the United Continue Reading
ZeroAvia, a developer of hydrogen-electric aviation, signed an MoU and announced a new partnership with the hydrogen fueling firm ZEV Station to develop green hydrogen refueling infrastructure for airports in Continue Reading
The United States stopped the Russian government on Monday from paying holders of its sovereign debt more than $600 million from reserves held at U.S. banks, in a move meant Continue Reading
The U.S. Treasury has halted dollar debt payments from Russian government accounts at U.S. banks, increasing pressure on Moscow to find alternative funding sources to pay bond investors. The move Continue Reading
Vladimir Putin’s demand for “unfriendly” nations to pay for natural gas in Rubles has yet to impact gas flows. The Kremlin has announced that this is a “prototype” and expressed Continue Reading
France was the top destination for US LNG cargoes in March as Europe began refilling storage after inventories bottomed out and as Russia’s war in Ukraine raised fears of pipeline Continue Reading
Flood, fire, and drought fueled by climate change could take a massive bite out of the U.S. federal budget per year by the end of the century, the White House Continue Reading
Here is a snapshot of what’s happening with Iran. Here is a snapshot of what’s happening with Iran, its nuclear talks and energy markets. Latest developments Iran’s Foreign Minister Hossein Continue Reading
Jet fuel prices are soaring on the U.S. East Coast, home to some of the world’s busiest airports, with buyers anticipating a growing shortage as supply dwindles amid sanctions on Continue Reading
President Biden’s huge SPR release announcement has pushed WTI prices back below $100. SPR release may calm crude prices only in the short term. U.S. SPR may need to be Continue Reading
There is a growing risk of a delay in the approval of the next five-year Outer Continental Shelf oil and gas leasing program, according to Fitch Solutions. There is a Continue Reading
Mexico, which has been subsidizing gasoline to soften price spikes, said on Saturday the policy would not apply in the U.S. border region this week, citing shortages as more Americans Continue Reading
The White House has promised 180mn barrels from emergency oil stockpiles to address a global energy supply crisis. As for reducing consumption, American drivers have not gotten the memo. US Continue Reading
President Joe Biden is preparing a new plan to boost domestic supply of key battery metals. Currently, the United States imports more than half of its annual consumption of 31 Continue Reading
Despite the global push to reduce dependence on fossil fuels, coal remains a key part of America’s energy mix. A new study suggests that Texas could replace nearly 100% of Continue Reading
Tehran’s demand that the United States lift its designation of the Iranian Revolutionary Guard Corps as a foreign terrorist organization, and U.S. refusal so far to do that, have brought Continue Reading
U.S. liquefied natural gas (LNG) exports rose nearly 16% last month to a record high, according to preliminary Refinitiv data, with shipments to Europe continuing to dominate. U.S. LNG is Continue Reading
COVID-19 hospitalization numbers have plunged to their lowest levels since the early days of the pandemic, offering a much-needed break to health care workers and patients alike following the omicron Continue Reading
New vehicles sold in the U.S. will have to average at least 40 miles per gallon of gasoline in 2026, up from about 28 mpg, under new federal rules unveiled Continue Reading
The one-two punch of nasty wildfires followed by heavy downpours, triggering flooding and mudslides, will strike the U.S. West far more often in a warming-hopped world, becoming a frequent occurrence, Continue Reading
Hurricane Ida hits New Orleans, Louisiana, U.S., in 2021. Another active hurricane season is in store for the Atlantic, with between 16 and 20 storms named across the basin by Continue Reading
The monthly jobs report reveals key indicators about the labor market and the overall state of the economy, but it doesn’t show the entire picture. WSJ explains how to read 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
A year after he entered the White House with a vow that fighting global warming would be a driving priority for his administration, President Biden finds his climate agenda is Continue Reading
The unprecedented decision by Biden to release 180 million barrels of oil from the country’s strategic petroleum reserve over the next six months has sent oil prices below $100. While Continue Reading
Weekly U.S. oil demand data by the Energy Information Administration has been significantly overestimated. The weekly demand estimates in March already showed that recent demand strength has been easing off. Continue Reading
South Hub real-time prices dropped to minus $1.14/MWh Wind accounts for 30% of installed renewable capacity California ranks sixth for US utility-scale wind capacity The California Independent System Operator set Continue Reading
President Joe Biden plans to release a million barrels of oil a day from U.S. reserves for six months. President Joe Biden delivered his strongest endorsement of oil on Thursday, Continue Reading
California, gripped entirely in drought, proposed a $2.9 billion plan to pay farmers to reduce some of their plantings in an effort to better manage water resources. The voluntary agreement Continue Reading
Strong demand and tight inventories are leading drivers to snatch up vehicles as soon as they hit the lot. Auto makers are expected to report weak vehicle sales for the Continue Reading
The U.S. Administration is mulling over whether to temporarily remove the summertime restriction on the sale of the higher-ethanol gasoline varieties in another policy attempt to lower high gasoline prices, Continue Reading
U.S. crude oil production has risen—albeit modestly—for the first time in ten weeks, the latest EIA data shows. Weekly U.S. field production of crude oil rose to 11.7 million barrels Continue Reading
The U.S. on Thursday levied sanctions on nearly three dozen Russian companies and individuals that the Treasury Department said are helping Moscow evade the West’s economic pressure campaign and aiding Continue Reading
U.S. commercial crude stocks and the country’s strategic reserves both fell in the most recent week as refiners ramped up output amid global supply tightness, the Energy Information Administration said Continue Reading
Crude oil imports into Canada in 2021 dropped to their lowest in more than three decades as domestic supply from pipelines increased while a major refinery in Newfoundland remained idle, Continue Reading
High pump prices appear to be deterring U.S. drivers at a time when gasoline demand typically picks up with warmer weather. A third straight weekly decline in gasoline demand brought Continue Reading
The next five-year offshore leasing program must be in place by July 1 – but it’s well behind schedule. Jeopardized American energy security and a cost of thousands of U.S. Continue Reading
The Biden administration is considering releasing up to 180 million barrels of oil over several months from the Strategic Petroleum Reserve (SPR), four U.S. sources said on Wednesday, as the Continue Reading
The unprecedented financial sanctions imposed on Russia after its invasion of Ukraine threaten to gradually dilute the dominance of the US dollar and result in a more fragmented international monetary Continue Reading
Highlights Houston Ship, Katy basis weaker vs. March 2021 Permian implied eastbound transmissions rising Midcon hubs offer attractive spread from Waha Widening basis discounts in the East Texas gas market Continue Reading
Two weeks after Russia invaded Ukraine, Brazil’s agriculture minister was on a plane to Canada to head off a potential crop crisis. Brazil, one of the world’s largest agricultural producers, Continue Reading
A closely watched recession signal flashed red on Tuesday, as investors fretted that the Federal Reserve’s efforts to tame inflation will bring about a sharp slowdown in US economic activity. Continue Reading
Last year, bankruptcies in the U.S. shale patch hit record levels. Now, dozens of companies have been successfully emerging from Chapter 11 bankruptcy protection, with M&A their preferred modus operandi. Continue Reading
