U.S. Crude Oil Inventories Are Drawing Very Fast
The U.S. oil market is tightening as commercial crude inventories are declining at a fast clip and driving wider time spreads in the WTI Crude futures curve. The curve is Continue Reading
U.S. must speed up offshore wind permits to hit Biden target, Orsted says
The United States must speed up project permits if it is to meet the Biden administration’s 2030 target for offshore wind power, major developer Orsted (ORSTED.CO) said on Thursday. The Continue Reading
U.S. Proposal for Global Minimum Tax Gets Backing From 130 Countries
An effort to push the most sweeping changes to the global tax system in a century gained significant momentum on Thursday when 130 nations agreed to a blueprint in which Continue Reading
Can The U.S. And China Compromise On Climate Change?
Following a joint statement with China addressing the climate crisis on April 17th, the US submitted a new ‘nationally determined contribution’ (NDC) at the virtual summit led by Biden on Continue Reading
Ford to shut some N. American plants for few weeks on chip shortage
Ford Motor Co (F.N) said on Wednesday several of its North American factories will be shut for a few weeks in July and August due to a global shortage of Continue Reading
U.S. natural gas producers hope customers will pay more for ‘green gas’
U.S. natural gas producers hope climate-conscious electric utilities and gas exporters will pay a premium for what they say is “greener gas” that has been certified as coming from low-emission Continue Reading
Biden climate adviser says clean electricity standard needed in infrastructure bill
A clean electricity standard, or CES, and tax credits for renewable energy are “bottom lines” needed in a second infrastructure package that could be passed this year, Gina McCarthy, the Continue Reading
Shell plans to hang on to Norco, Louisiana refinery
By the end of 2021, Royal Dutch Shell Plc (RDSa.L) will have just one operating crude oil refinery in the United States: The 227,400 barrel-per-day (bpd) refinery in Norco, Louisiana. Continue Reading
U.S. Companies Add More Jobs Than Expected, ADP Data Show
U.S. companies added more jobs in June than expected, indicating further progress in the nation’s labor market recovery. The 692,000 gain in private payrolls followed a downwardly revised 886,000 increase Continue Reading
Biden Administration Backs Maine Town To Ban Oil Pipeline From Canada
The U.S. Administration is supporting a city in Maine that has prohibited storage and handling of crude oil that would be shipped via a pipeline from Canada in a court Continue Reading