Highlights Year-on-year coal shipments jump 24.4% FOB Hampton Roads coal price averages all-time high A 20-month high 2.83 million st of coal was exported from the terminals in the Hampton Continue Reading
The U.S. Department of Energy said on Friday it will sell 18 million barrels of crude oil from its strategic petroleum reserve (SPR) on Dec. 17, as part of a Continue Reading
Some 50 people are “likely” to have been killed in a devastating outbreak of tornadoes that ripped through Kentucky and other U.S. states late Friday and early Saturday, the Washington Continue Reading
University of Kentucky undergraduate Jonathan Little is among the legions of students around the world that the mining industry cannot afford to lose, but already has. Little, 20, considered a Continue Reading
The first oil from President Joe Biden’s release from the country’s emergency crude reserves is being granted to Exxon Mobil Corp . The company will receive 4.8 million barrels of Continue Reading
U.S. Jobless Claims Decline to Lowest Level Since 1969 Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast . Applications for U.S. state Continue Reading
The U.S. is expanding COVID-19 boosters, ruling that 16- and 17-year-olds can get a third dose of Pfizer’s vaccine. The U.S. and many other nations already were urging adults to Continue Reading
Several moisture-rich storms are to bring significant precipitation to the West in a gradual step toward easing historic drought conditions. Heavy rain could nourish parched soils, and feet of snowfall Continue Reading
U.S. gasoline prices are finally falling after the major correction in international crude oil prices Gasoline prices in America are still much higher than at this time last year For Continue Reading
Highlights Analysts see restrictions as a remote but increasing risk Some Democrats also pushing for LNG export limits Urging the White House to end consideration of a US crude export Continue Reading
U.S. inflation likely reached a nearly four-decade high in November, as strong consumer demand collided with pandemic-related supply constraints. Economists surveyed by The Wall Street Journal estimate the Labor Department Continue Reading
The Biden administration is moving to tighten enforcement of sanctions against Iran, according to senior U.S. officials, the first sign of Washington increasing economic pressure on Tehran as diplomatic efforts to restore the Continue Reading
U.S. President Joe Biden on Wednesday will sign an executive order vowing to transition to the acquisition of only zero-emission vehicles by 2035 for the federal vehicle fleet, the White Continue Reading
U.S. crude stocks fell less than expected in the latest week while production rose and fuel inventories increased, the government reported on Wednesday. Crude inventories (USOILC=ECI) fell by 240,000 barrels Continue Reading
Americans are feeling some relief as the impact of a recent drop in oil prices trickles down to gasoline stations. The average retail price has dropped more than 2% nationwide Continue Reading
The United States is set to become the world’s largest LNG exporter next year. Due to a number of U.S. LNG projects coming online by the end of 2022, U.S. Continue Reading
A new report from Earth Scientist David Hughes seriously undermines rosy long-term forecasts made by the U.S. Energy Information Administration (EIA) for U.S. oil and natural gas from shale deposits Continue Reading
Ford Motor Co. reported November U.S. sales increased by 5.9% year over year to 158,793 vehicles. Total truck sales increased by 4.6%. Meanwhile, SUV sales increased by 20.8% and electrified Continue Reading
The Environmental Protection Agency has proposed reducing the amount of biofuels that oil refiners are mandated to add to petroleum fuels in a bid to provide some breathing space to Continue Reading
Global oil demand could see downside risks due to the Omicron variant, the U.S. Energy Information Administration (EIA) said on Tuesday, slashing its world oil consumption forecasts for both 2021 Continue Reading
Highlights House bill would ban exports, limit FERC approvals Green groups highlight winter gas prices in DOE challenge Environmentalists have stepped up opposition to US LNG export facilities, backing restrictive Continue Reading
US refiners will need to provide ever higher volumes of renewable fuels or pay for ever greater amounts of renewable fuel credits to meet the latest proposed fuel blending standards Continue Reading
U.S. President Joe Biden on Wednesday will sign an executive order vowing to transition to the acquisition of only zero-emission vehicles by 2035 for the federal vehicle fleet, the White Continue Reading
Oil traders are scooping up options contracts that would pay out if U.S. crude futures plummet against international benchmark Brent, a signal that some believe the Biden administration could intervene Continue Reading
Lowers Q1 Henry Hub spot gas price forecast by 66 cents Q4 gas marketed production estimate rises by 0.74 Bcf/d LNG export growth continues into 2022 The US Energy Information Continue Reading
The Biden administration proposed on Tuesday a reduction in the amount of biofuels that U.S. oil refiners were required to blend into their fuel mix since the onset of the Continue Reading
Forecast Highlights Global liquid fuels The December Short-Term Energy Outlook (STEO) remains subject to heightened levels of uncertainty related to the ongoing recovery from the COVID-19 pandemic. Notably, the emergence of the SARS-CoV-2 Continue Reading
U.S. coal stockpiles fell in September 2021 to the lowest level of total monthly coal stocks at the electric power sector since at least 2001, the Energy Information Administration (EIA) Continue Reading
Highlights Cuts 2020 biofuel mandate by 15% to 17.13 billion gallons Would require blending of 18.52 billion gallons in 2021 Further increases mandate to 20.77 billion gallons in 2022 The Continue Reading
US LNG feedgas surged during the week of Nov. 30-Dec. 7 as a sixth train at Cheniere Energy’s Sabine Pass terminal ramped up production and Venture Global LNG’s Calcasieu Pass Continue Reading
Highlights Suncor cites need to reduce emissions, invest in CO2 storage Enbridge, Capital Power evaluating new carbon capture project Canadian oil production is back on the rise from the pandemic Continue Reading
December marks the start of meteorological winter — when temperatures plunge, heavy coats are in fashion and kids begin picking their teams for snowball fights. But the snow season usually Continue Reading
U.S. oil and gas producers Diamondback Energy (FANG.O) and ConocoPhillips (COP.N) said on Tuesday the top U.S. shale field will face natural gas pipeline constraints in coming years as production Continue Reading
President Joe Biden and Vladimir Putin were still far apart after two hours of talks on the escalating crisis caused by Russia’s massing of tens of thousands of troops near Continue Reading
Biden is approving more drilling permits on public lands than Trump, analysis shows (The Washington Post) The Biden administration has approved more oil and gas drilling permits on public lands Continue Reading
California is by far the most ambitious U.S. state when it comes to things like emission standards, EV sales, and renewable energy. California is shutting down its nuclear power plants Continue Reading
Top energy executives this week urged a more cautious transition of energy policy away from oil and gas, but a U.S. Energy Department official said the industry has a moral Continue Reading
Nearly a year into President Biden’s term, a return to the Iran nuclear deal remains elusive — and a new cast of characters on Iran’s side of the table is Continue Reading
Demand for coronavirus vaccines has spiked in the United States in recent weeks, as more Americans are eligible for booster shots and concerns grow over the omicron variant. Health-care providers Continue Reading
Dairy farmers in California, the nation’s top milk producer, face pressure from rising costs, increasingly complex environmental regulations and a quest for water—challenges all magnified by a historic drought. For Continue Reading
Longest Trans Mountain closure in 70-year history Crude supplies reopened to Vancouver region, Pacific Northwest The Trans Mountain crude oil and products pipeline in Western Canada restarted Dec. 5 after Continue Reading
Brazil received the most cargoes previous three months Narrowing spreads could change trade flows again China was the top destination for US LNG in November, after three consecutive months with Continue Reading
U.S. gas prices have retreated from their highest level in real terms for more than a decade as mild temperatures and fuel-switching to coal have reduced the chance stocks will Continue Reading
Goldman Sachs Group Inc. economists cut their forecasts for the U.S. economy this year and next after deciding the spread of the omicron strain of the coronavirus would exert a Continue Reading
Revived talks aimed at restoring the 2015 Iran nuclear deal ran into difficulties Thursday just days after they restarted, following a report by the International Atomic Energy Agency that Iran Continue Reading
The U.S. administration plans to propose in days the amount of biofuels oil refiners must blend into their fuel mix this year and next year, as it reaches out to Continue Reading
The Interior Department on Friday recommended that the federal government raise the fees that oil and gas companies pay to drill on public lands — the first increase in those Continue Reading
A slew of climate provisions in Democrats’ roughly $2 trillion social spending bill face an uncertain future in the Senate. But there’s one big exception: limits on offshore oil and gas drilling. Continue Reading
A coalition of 15 Republican State Treasurers, Auditors, and Comptrollers of states representing over $600 billion in public assets – have recently said their states could potentially reduce future business Continue Reading
GE Hitachi Nuclear Energy, an alliance between General Electric Co (GE.N) and Japan’s Hitachi Ltd (6501.T) will build a small modular nuclear reactor (SMR) with Ontario Power Generation (OPG) (ONPWG.UL), Continue Reading
