In the coal fields of eastern Montana, climate change is forcing a stark choice: halt mining that helped build everything from schools to senior centers or risk astronomical future damage Continue Reading
Gasbuddy: The average price per gallon of gasoline reached $3.57 as of Friday, The gas price increase to $4 could happen in the next few weeks, according to analysts. Fighting Continue Reading
US LNG exports at full tilt in 2022, averaging 12.4 Bcf/d Demand from European utilities ups US FID prospects Domestic, global demand fail to trigger US production As Western Europe Continue Reading
Wildfire season has lengthened to nearly year-round Southern California major fires have decreased Dry start to 2022 increasing drought outlook The lack of moisture at the start of the year Continue Reading
California surpassed 1 million electric vehicles (1,054,095 units)—battery-electric, plug-in hybrid, and fuel-cell electric—sold cumulatively through the 4 th quarter of 2021, according to the California Energy Commission (CEC), making it Continue Reading
Energy industry leaders believe the energy transition is accelerating faster than ever with 2022 set to be a strong year for industry growth. Energy professionals revealed that energy industry leaders Continue Reading
U.S. coordinating with other nations on potential release WTI trading at $93, falling from its highs of $100 a barrel Oil Market Implications of Russia’s Attack on Ukraine Oil pared Continue Reading
Efforts by the US to inflict economic pain on Russia in retaliation for its invasion of Ukraine could be hamstrung if sanctions drive an increase in energy prices. The US Continue Reading
Russia’s second-largest oil producer Lukoil (LKOH.MM) said on Friday it has completed its acquisition of a 50% operator interest in an offshore oil project in Mexico, part of its drive Continue Reading
U.S. crude stockpiles rose sharply, while gasoline and distillate inventories fell last week, the Energy Information Administration said on Thursday. Crude inventories (USOILC=ECI) rose by 4.5 million barrels in the Continue Reading
The US’s biggest offshore wind lease sale has attracted record bids of more than $3bn as renewable energy developers compete to secure a prime location to install turbines. The US Continue Reading
Highlights Total US production hits two-year high Long-term price gains encourage production growth: Platts Analytics Central Appalachia weekly coal production surged to the highest level in over nine years, according Continue Reading
US natural gas inventories for the week ended Feb. 18 fell in line with market expectations, which was below the five-year average decline for the first time this year. Receive Continue Reading
The American Petroleum Institute (API) estimated the inventory build this week for crude oil to be 5.983 million barrels after analysts predicted a build of 767,000 barrels . U.S. crude Continue Reading
President Joe Biden on Tuesday rolled out the first of what the U.S. says could be an ever-fiercer, ever-broader cascade of financial sanctions and penalties over Russia’s moves against Ukraine. Continue Reading
NATO ambassadors gathered Thursday morning for an emergency meeting in response to Russia’s invasion of Ukraine with a pledge to defend alliance members and support Ukraine, which isn’t a member. Russia’s attack Continue Reading
Highlights Russia-Ukraine risks keep oil prices elevated DOE offered 50 million barrels in November US SPR inventory falls to lowest in 19 years The Biden administration signaled Feb. 22 that Continue Reading
Output hits seven-week high at 94.6 Bcf/d on Feb. 22 Freeze-off risk abates as coldest winter days wane Rig count now at 752, highest since March 2020 Following an early Continue Reading
The Biden administration has delayed issuing permits for new oil and gas drilling on federal land, a move that could complicate efforts to tame gasoline prices that are poised to Continue Reading
U.S. sanctions on Russia’s sovereign debt put global investors on notice that the securities could tumble further even after the steep declines they’ve experienced as the Ukraine crisis escalated. While Continue Reading
The United States and its European allies are set to announce fresh sanctions against Russia on Tuesday after President Vladimir Putin recognized two breakaway regions in eastern Ukraine, deepening Western Continue Reading
Agreement could see oil sanctions lifted in stages Some 1.5 million b/d of Iranian oil exports could return Iran’s crudes compete with many OPEC+ grades Iranian nuclear deal negotiators appear Continue Reading
Iran, the U.S. and other world powers are nearing a deal to revive the 2015 nuclear accord, although negotiators are still wrangling over significant final demands from Tehran, including the Continue Reading
Gasoline prices have risen for eight straight weeks, according to new data published by Gas Buddy on Monday. And a major refinery explosion in New Orleans could threaten to send Continue Reading
Uncertainty drove oil prices higher when trading opened on Sunday as more Russian troops massed on Ukraine’s borders, but they fell later in the night as news reports said President Continue Reading
Vitol Group CEO Russell Hardy says he sees oil prices at $100+ for ‘a prolonged period’ at some point in the next 6-9 months. Oil prices could be set for Continue Reading
Ford Motor Co. is exploring options for separating its electric-vehicle operations, with CEO Jim Farley even reportedly considering a spinoff of the unit. Ford Motor Co. is looking at ways Continue Reading
Since the oil crisis of the 1970s, America has relentlessly pursued the utopia of energy independence. Now, nearly 50 years later, it seems America has finally accomplished that dream. Energy Continue Reading
Iran has risen above Russia on the oil market radar due to reports from multiple sources that a new nuclear deal is very close to being agreed upon. Rumors that Continue Reading
U.S. gas inventories have depleted faster-than-average this winter despite warmer-than-normal temperatures, as strong demand in Europe and Asia has boosted exports of liquefied natural gas, tightening the market. Working stocks Continue Reading
California had its driest January since 1984, with the lack of rain and snow pushing drought conditions across the most populous U.S. state to nearly 100%. January was the second Continue Reading
Higher net crude oil imports are set to make the United States a net petroleum importer this year again, as in 2021, after a historic shift of being a net Continue Reading
The largest gas utility in the United States revealed a proposal on Thursday for what would be the largest green hydrogen network, according to a company press release . SoCalGas—a Continue Reading
Highlights Permian gas production reached 14.34 Bcf/d Feb. 18 Cash Waha Hub fell more than 20 cents in Feb. 18 trading Forecast warmer weather ahead for West Texas in near-term Continue Reading
Tankers were docked or loading at all seven U.S. liquefied natural gas export terminals for the first time Saturday, marking a small piece of industry history and setting up record Continue Reading
Forecast Highlights Global liquid fuels The February Short-Term Energy Outlook (STEO) assumes U.S. GDP grew by 5.7% in 2021 and will grow by 4.2% in 2022 and by 2.8% in 2023. We Continue Reading
Energy stocks powered through the broader market’s January 2022 slump and are poised to keep rising as long as oil prices stay high and worries about looming interest rate hikes Continue Reading
Crude oil production in the United States could reach 12.6 million barrels daily next year, which would be a record high on an annual-average basis, the Energy Information Administration said Continue Reading
Highlights Gasoline stocks fall 1.64 million barrels Implied demand hits 6-week high Cushing draw leads crude stocks down 4.76 million barrels US gasoline inventories posted a counter-seasonal draw in the Continue Reading
The Biden administration is considering a Chevron Corp (CVX.N) proposal to allow the U.S. oil major to accept and trade Venezuelan oil cargoes to recoup unpaid debt, four people close Continue Reading
Oil prices have yet another reason to remain elevated as cold winter weather and refiners struggle to keep up with the rising demand for heating oil and diesel. Heating oil Continue Reading
While gasoline prices continue to be a troubling political factor for the Biden Administration, the recent inclement weather in refinery country on the U.S. Gulf Coast has caused two major Continue Reading
After hitting a peak of $3.45 per gallon last week, the national average U.S. gasoline prices are expected to calm down significantly this week due to price cycling, Patrick De Continue Reading
Mexico’s already-struggling oil industry is facing even more challenges. Lack of financing and controversial policymaking are weighing on the country’s oil industry. While the country’s president insists his new reforms Continue Reading
Workers load mail into delivery vehicles outside a USPS distribution center in Chicago, Illinois. The U.S. Postal Service said it could buy more electric vehicles if more funding were available, Continue Reading
At a groundwater cleanup facility in Los Angeles, water will pass through tanks that remove any remaining hydrogen peroxide, producing water that is safe to drink. L.A. Mayor Eric Garcetti’s Continue Reading
A group of Democrat Senators has just sent a letter pleading for the Biden Administration to limit U.S. LNG exports while the Department of Energy conducts a review of the Continue Reading
U.S. employers hired at a rapid pace late last year and in January, bolstering the economy in the face of the Omicron wave of Covid-19 and staffing shortages. Payrolls, change since January Continue Reading
Ohio’s House Bill 6 was widely regarded as the worst energy policy in the United States. The passage of House Bill 6 was so odorous of underlying offense and scandal Continue Reading
As international crude oil prices rally to above $92 per barrel, U.S. gasoline prices continue to surge and hit the highest since September 2014 on Friday, when the national average Continue Reading
