Biden administration to conduct broad review of US SPR by October
The US Department of Energy will conduct a broad review of the Strategic Petroleum Reserve by the end of September, the first in five years, to assess its size and Continue Reading
Government of Canada sets mandatory target of 100% zero-emission car and passenger truck sales by 2035 in Canada
The Government of Canada is setting a mandatory target for all new light-duty cars and passenger trucks sales to be zero-emission by 2035, accelerating Canada’s previous goal of 100% sales Continue Reading
Deaths surge in U.S. and Canada from worst heatwave on record
A heatwave that smashed all-time high temperature records in western Canada and the U.S. Northwest has left a rising death toll in its wake as officials brace for more sizzling Continue Reading
US crude exports’ four-week moving average hits more than one-year high
Highlights Exports highest since April 2020: EIA VLCC rates East at multi-year low amid fixing lull Tight arbitrage economics expected to impact August, September loadings US crude exports over the Continue Reading
U.S.-Controlled Oilfield In Syria Attacked By Rockets
A key oilfield near a U.S. military base in Syria’s Deir Ezzor region came under rocket attack on Monday, hours after the U.S. military said on Sunday it had carried Continue Reading
Wild Weather Plagues North America Grain Crops as Demand Surges
Dangerous Northwest Heat Wave Already Triggering Power Outages The world is counting on farmers in North America for big harvests of everything from corn to canola this year. Due to Continue Reading
Justices deny Wyoming, Montana coal suit against Washington
The U.S. Supreme Court decided Monday that it won’t allow Wyoming and Montana to sue Washington state for denying a key permit to build a coal export dock that would Continue Reading
Supreme Court Rules New Jersey Can’t Block Natural-Gas Pipeline
The Supreme Court on Tuesday removed a hurdle to the construction of a natural-gas pipeline through Pennsylvania and New Jersey, ruling the pipeline developer could invoke the power of the federal government Continue Reading
U.S. Oil Inventories Fall For Sixth Straight Week
The American Petroleum Institute (API) on Tuesday reported a draw in crude oil inventories of 8.153-million barrels for the week ending June 25. Analysts had predicted a draw of 4.686 Continue Reading
Persistent Texas economic growth translates to stronger power demand, prices
The continued growth of the Texas economy in June, as evidenced in new Federal Reserve Bank of Dallas surveys, has shown up with increased power demand and wholesale power prices Continue Reading