As the war in Ukraine has raised oil prices and launched Western leaders on a global hunt for new sources of energy, environmentalists have tried to leverage the chaos in energy markets Continue Reading
Renewable power generation is set to more than double its share in America’s electricity to 44 percent in 2050 from 21 percent now, as wind and solar installations are expected Continue Reading
The U.S. Commerce Department on Friday moved to effectively ground 100 airplanes that have recently flown to Russia and are believed to violate U.S. export controls, including a plane used Continue Reading
U.S. oilfield services companies Halliburton Co (HAL.N) and Schlumberger said on Friday they havesuspended or halted Russia operations in response to U.S. sanctions over Moscow’s invasion of Ukraine. The disclosures Continue Reading
The talks on Friday come as the Biden administration has become increasingly concerned about China’s possible willingness to assist President Vladimir Putin’s invasion, which enters its 23rd day with Russia’s Continue Reading
A flurry of high-profile coronavirus cases in the nation’s capital — including in people who have been around President Biden — has raised new questions about the trajectory of the Continue Reading
All basins decrease output as shoulder season approaches IB, CAPP production drop 8.1% each Weekly US coal production fell 5.5% on the week to 11.3 million st in the week Continue Reading
The Henry Hub summer strip rose above $5/MMBtu following US natural gas storage fields withdrawing greater volumes than the market expected. Receive daily email alerts, subscriber notes & personalize your Continue Reading
The Federal Reserve lifted its key interest rate by a quarter of a percentage point on Wednesday as policymakers took their first decisive step toward trying to tame rapid inflation by raising Continue Reading
More than half of all Americans have found the price of gasoline a “very serious problem” or “somewhat serious problem” according to new polling data . A new Quinnipiac poll Continue Reading
Russia walked back recently made demands on Washington related to the Iran nuclear deal, clearing the way for Tehran and Washington to revive the 2015 agreement, senior western diplomats said. On Tuesday, after Continue Reading
Most Americans now support a resurrection of the Keystone XL oil pipeline project for carrying oil from Canada to the United States, a new poll showed after the U.S. banned Continue Reading
Highlights Recent prices almost triple average Power plant regulations inhibit investment ‘A full suite’ of EPA rules in the works The global coal market cannot scale up to supply Russia’s Continue Reading
The move could raise duties for metal imports from Russia House, Senate working to advance legislation Political officials in the US are advancing discussions on a proposal to revoke Russia’s Continue Reading
Citigroup, the American bank with the largest presence in Russia, said it would broaden its planned withdrawal from the country because of the war in Ukraine. Citi, which announced plans Continue Reading
Escalating sanctions by the West to punish Russia for its war against Ukraine are driving fears that an episode of increased inflation, already at its highest levels in 40 years, will become harder Continue Reading
Senators Elizabeth Warren and Ron Wyden have proposed a windfall profit tax on oil companies, a proposal that was tried before in the 1980s and that failed miserably. While the Continue Reading
U.S. gasoline prices at the pump edged lower over the weekend after reaching all-time highs last week following Russia’s invasion of Ukraine. Retail gasoline prices fell for the second straight Continue Reading
Iran will stay in the Vienna nuclear talks until its demands are met and a “strong agreement” is reached, Iran’s top security official Ali Shamkhani said on Monday. Talks to Continue Reading
The U.S. won’t negotiate exemptions to Ukraine-related sanctions on Russia to save the 2015 Iran nuclear deal and could try to strike a separate accord excluding Moscow, a senior U.S. official said, Continue Reading
The US has ruled out offering any sanctions relief to Russia in order to clinch its support for an agreement to revive the 2015 nuclear accord with Iran, rebuffing a Continue Reading
The cash price for unleaded gas posted outside Michael Tusinac’s window at his gas station in Morristown, N.J.: $4.49 a gallon. The price would rise another 10 cents within two Continue Reading
Americans looking to offset surging gasoline prices with a more fuel-thrifty vehicle aren’t likely to find much on the car lot today. The sharp rise in fuel costs, driven in large Continue Reading
On an average day, 1,000 workers head to dozens of construction sites spread over 119 miles across California’s vast Central Valley. Their task is monumental: Build the bridges and crossings Continue Reading
Participants attend the CERAWeek energy conference in Houston, Texas on March 7, 2022. CERAWeek is one of the largest and most influential global energy forums. Credit: Photo by Yi-Chin Lee/Xinhua Continue Reading
World powers and Iran suspended their efforts to revive the 2015 nuclear accord, reigniting a crisis that’s set to impact already surging oil markets and potentially plunge the energy-exporting Persian Continue Reading
Negotiations in Vienna aimed at reviving the Iran nuclear deal were called off indefinitely Tuesday after a last-minute demand by Russia upended what diplomats had hoped was the final stretch Continue Reading
Gas Prices Top $6 Per Gallon in California California, already the home of the nation’s most expensive retail gasoline, added another unhappy superlative with the biggest weekly jump in the Continue Reading
A U.S. gasoline tax cut is among the options being considered to provide relief to consumers, U.S. Treasury Secretary Janet Yellen said on Friday, adding she was confident that the Continue Reading
Canada is studying ways to increase pipeline utilization to boost crude exports as Europe seeks to reduce its dependence on Russian oil, the country’s natural resources minister said on Thursday. Continue Reading
Technology stocks extended their declines Friday, dragging broader indexes to weekly losses, as volatility reigned and inflation fears heightened. Stocks opened the day higher, as traders bought stocks after Russian Continue Reading
Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. The exodus of Western companies from Russia in the wake of Continue Reading
Retail gasoline prices reach record highs Demand destruction yet to emerge Declining coronavirus cases, warm weather support demand US Atlantic Coast gasoline prices continue to rise following the US ban Continue Reading
The U.S. Senate on Thursday approved legislation providing $1.5 trillion to fund the federal government through Sept. 30 and to allocate $13.6 billion to aid Ukraine. The 2,700-page bill passed Continue Reading
Henry Hub summer strip climbs 11 cents US production rebounds before summer injections US natural gas inventories tumbled well above average levels once again as the heating season enters its Continue Reading
New survey data from AAA finds that two-thirds of Americans felt gas prices were too expensive just a few weeks ago at $3.53 per gallon. Now with the national average Continue Reading
Goldman Sachs Group Inc (GS.N) and JPMorgan Chase & Co (JPM.N) on Thursday announced they were unwinding their Russian businesses, becoming the first major U.S. banks to exit following Russia’s Continue Reading
President Joe Biden will announce Friday that, along with the European Union and the Group of Seven countries, the U.S. will move to revoke “most favored nation” trade status for Continue Reading
Besieged by an onslaught of sanctions that have largely undone 30 years of economic integration with the West in the space of two weeks, President Vladimir V. Putin on Thursday Continue Reading
A child puckers her lips on a window of a bus heading to a temporary housing location, following Russian invasion of Ukraine, near the North Railway Station in Bucharest, Romania, Continue Reading
The U.S. House of Representatives on Wednesday voted to rush $13.6 billion in aid to Ukraine as it battles invading Russian forces, along with $1.5 trillion to keep U.S. government Continue Reading
Pressure is building on the Biden administration to begin unwinding sanctions on Venezuela after President Nicolas Maduro freed two American prisoners and promised to resume negotiations with his opponents. Maduro’s Continue Reading
The United States is back in an energy crisis, with record gas prices because of disruptions stemming from Russia’s invasion of Ukraine. Many nations have rightly taken steps to halt Continue Reading
The Santa Barbara County in California rejected this week a proposal from ExxonMobil to transport oil via tanker trucks that would have been a step toward restarting three oil platforms Continue Reading
Highlights 13 million mt/year of offtake deals secured for Plaquemines LNG Baker Hughes to assemble modular trains in Italy, ship to site Venture Global LNG has started construction of its Continue Reading
Highlights Industry can ‘walk and chew gum at the same time’ Energy security concerns could derail transition Keeping to the Biden administration’s clean energy commitment, US Energy Secretary Jennifer Granholm Continue Reading
Reduced coal capacity adding to gas price volatility Russia-Ukraine conflict driving market uncertainty Permitting delays limiting gas production growth Recent volatility in the US and global gas prices will likely Continue Reading
U.S. crude oil refinery inputs averaged 15.4 million barrels per day during the week ending March 4, 2022 which was 21,000 barrels per day less than the previous week’s average. Continue Reading
U.S. officials have demanded Venezuela supply at least a portion of oil exports to the United States as part of any agreement to ease oil trading sanctions on the OPEC Continue Reading
.When Angelo Logan was growing up in the city of Commerce, California, in the 1970s, he remembers how residents used to call the weeks leading up to Christmas the “truck Continue Reading
