Tennessee the hardest hit, but prices tame New York has highest prices, still freezing Texas governor asserts ERCOT reliability More than 340,000 electricity customers remained without service Feb. 4 in Continue Reading
Oil output rises, but will it be too much? Inflation set to rise 10%-15% Rig count has risen 5% so far in 2022 The first week of upstream producers’ Q4 Continue Reading
The bitter cold biting the Lower 48 continues to affect Canada as well, driving maximum daily withdrawals from gas in storage and opening a wider deficit to the five-year low Continue Reading
BMW of North America and Electrify America announced an agreement to provide 2022 BMW EV customers with two years of 30-minute complimentary charging sessions at all Electrify America public charging Continue Reading
Russian exports of diesel to the United States last month hit the highest in three years as typical winter weather drove higher demand for heating and power generation in the Continue Reading
U.S. oil production growth picked up the pace in the fourth quarter. A big part of the higher capital spending in the U.S. oil industry will be because of cost Continue Reading
A group of Democratic Senators is urging the U.S. Energy Department to take steps to limit U.S. natural gas exports, the record volume of which leave Americans with higher energy Continue Reading
Henry Hub futures fall below $5/MMBtu Winter storm looks to drive another 200 Bcf-plus pull Natural gas storage fields across the US posted the largest weekly draw of the heating Continue Reading
Harvard University in Cambridge, Massachusetts. Harvard University ’s $53 billion endowment said it’s increasing investments in “climate solutions,” while still maintaining less than 2% of assets with indirect exposure to Continue Reading
Mexico leads with 40% of US product imports in Nov Strong summer demand, heatwaves lift tender activity US refined product exports to Latin America have returned to pre-pandemic levels, and Continue Reading
Saturday’s tremendous coastal storm pushed a band of heavy snow into southern New England, burying cities under a snowpack up to two feet deep. These near-record snowfall totals continue an astonishing Continue Reading
Private payrolls tumbled by 301,000 in January, posting their biggest drop-off since the onset of the pandemic, as the omicron variant set off a spike in coronavirus cases, according to data released Continue Reading
U.S. crude oil refinery inputs averaged 15.2 million barrels per day during the week ending January 28, 2022 which was 248,000 barrels per day less than the previous week’s average. Continue Reading
Ford’s all-electric F-150 Lightning pickup can power homes in a U.S. first offering in which customers will be able to power their homes with an electric truck, the car manufacturer Continue Reading
Jan had harsher weather than in Dec, Jan 2021 Gas outweighs mild forecast in forward markets Generation shares stable, but solar surges Southeastern US on-peak bilateral indices more than doubled Continue Reading
Highlights Cold snap supports distillate demand USAC diesel stocks hit eight-month low Crude stocks fall 1.05 million barrels US distillate inventories moved lower for a third straight week in the Continue Reading
The American Petroleum Institute (API) estimated the inventory draw this week for crude oil to be 1.645 barrels after analysts predicted a build of 1.833 million barrels. U.S. crude inventories Continue Reading
U.S. Secretary of Defense Lloyd Austin responds to questions during a House Armed Services Committee hearing on “Ending the U.S. Military Mission in Afghanistan” in the Rayburn House Office Building Continue Reading
California water officials warned that the Golden State could face its third consecutive dry year after a lack of snow during the traditionally wet month of January. The state’s overall Continue Reading
High natural gas prices globally, the historically low storage levels in Europe, and the growing gas demand in Asia could incentivize more long-term U.S. LNG contracts. The role of gas Continue Reading
The United States and its European allies appear on the cusp of restoring the deal that limited Iran’s nuclear program, Biden administration officials said on Monday, but cautioned that it Continue Reading
The White House on Monday announced new steps to help curb emissions of methane, saying it will send $1.15 billion to states to clean up thousands of orphaned oil and Continue Reading
Colder-than-usual weather in January and high LNG exports reduced U.S. working natural gas storage levels to below the five-year average again, after one of the warmest Decembers on record had Continue Reading
Gas stoves may find themselves the next target of climate activists after a study published by the American Chemical Society highlighted methane leaks that occurred while the stoves were not Continue Reading
Tight supply and rising demand lifted weekly margins across the globe with US Atlantic Coast margins showing the impact of the massive cold front and storm which swept in over Continue Reading
A guest post by Ovi. All of the oil (C + C) production data for the US state charts comes from the EIAʼ’s Petroleum Supply monthly PSM . U.S. November Continue Reading
Highlights US refiners have options if flows are disrupted: Platts Analytics Russian reliance rose after US sanctioned Venezuela’s PDVSA Russia was the No. 3 oil supplier to the US in Continue Reading
Highlights Cash Algonquin, city-gates surges to nearly $28/MMBtu Mass Hub weekend on-peak jumped $35 to $199/MWh ISO New England peakload forecast to reach to 19,500 MW Jan. 29 Spot natural Continue Reading
A potent cloud of the planet-warming greenhouse gas methane was spotted by satellite earlier this month near natural gas pipelines in Iowa. A potent cloud of the planet-warming greenhouse gas Continue Reading
The most punishing sanctions that U.S. officials have threatened to impose on Russia could cause severe inflation, a stock market crash and other forms of financial panic that would inflict Continue Reading
Wind power is finally gaining traction in America’s energy mix. The Biden Administration is planning to hold the largest-ever offshore wind leases in U.S. history. As the race to cut Continue Reading
The United States and Russia prepared for confrontation Monday at the United Nations Security Council over the Ukraine crisis, with the Americans vowing to make the Russians justify their massing Continue Reading
High global natural gas prices are breaking a two-year logjam of new U.S. liquefied natural gas (LNG) projects with at least three of the multibillion-dollar proposals likely achieving enough supply Continue Reading
A U.S. judge’s surprise decision this week to annul the Biden administration’s first Gulf of Mexico oil lease auction because of its climate change impact has raised questions about the Continue Reading
On top of $90 oil prices, the futures market also points to further pain at the pump for American consumers. Gasoline futures at NYMEX are trading at their highest premium Continue Reading
U.S. natural gas futures surged 72% just ahead of expiration of the February contract The huge spike in the February contract is a clear sign that bearish bets were being Continue Reading
Highlights Coal capacity factor drops to 39.1% Stocks at 21-year low for corresponding month Subbituminous days of burn flat to five-year average Power sector coal stockpiles were 32.3% lower at Continue Reading
Highlights Pipeline will be part of sanctions response: Germany Russia-Ukraine standoff roils global energy markets The US will block the startup of the Nord Stream 2 gas pipeline to Germany Continue Reading
A US solar power boom is at risk of stalling just as the country needs a surge in clean energy projects to meet its goals to strip carbon from electricity Continue Reading
Former energy advisor Bob McNally once said, “Few things terrify an American president more than a spike in fuel [gasoline] prices.” U.S. President Joe Biden is grappling with the task Continue Reading
Western Canada’s natural gas inventory remains on track to end this winter at its lowest level recorded in at least seven years, prompting shortage concerns and possible price spikes. Receive Continue Reading
The U.S. administration is in talks with energy companies and natural gas-producing nations to protect European markets from a shortage. Russia supplies over one-third of the continent’s natural gas and Continue Reading
The construction of Mexico’s Dos Bocas oil refinery is running $3.6 billion over budget and delays could mean that the flagship project of Mexican President Andrés Manuel López Obrador may Continue Reading
The U.S. food system is under renewed strain as Covid-19’s Omicron variant stretches workforces from processing plants to grocery stores, leaving gaps on supermarket shelves. In Arizona, one in 10 processing plant Continue Reading
President Biden is considering deploying several thousand U.S. troops, as well as warships and aircraft, to NATO allies in the Baltics and Eastern Europe, an expansion of American military involvement Continue Reading
The Biden administration is threatening to use a novel export control to damage strategic Russian industries, from artificial intelligence and quantum computing to civilian aerospace, if Moscow invades Ukraine, administration Continue Reading
Oil prices rose to the highest levels since October 2014 this week. The Biden Administration is once again scrambling for solutions, considering that the high price of gasoline is a Continue Reading
About two years ago, OPEC+ made a high-stakes wager that it could curb oil production and drive crude prices higher without unleashing an onslaught of supply from U.S. shale producers. Continue Reading
The facility is crucial to Pemex’s plans to halt crude oil exports in 2023. Mexico’s mega-refinery project Dos Bocas is expected to cost 40% more than previously estimated and is Continue Reading
The U.S. government said on Friday it would suspend 44 China-bound flights from the United States by four Chinese carriers in response to the Chinese government’s decision to suspend some Continue Reading
