Success will be defined by lower fuel prices, not amount of oil released -Turk Biden gave officials flexibility in the release plan Biden administration also discussing merits of oil export Continue Reading
U.S. crude stocks fell while gasoline and distillate inventories rose as demand weakened in the most recent week, the Energy Information Administration (EIA) said on Wednesday. Oil and fuel inventories Continue Reading
The Biden administration will allow all international travelers to enter the US as long as they have received any vaccine authorized by the World Health Organization, even the relatively untested Continue Reading
The United States ranks as the world’s leading contributor of plastic waste and needs a national strategy to combat the issue, according to a congressionally mandated report released Tuesday. “The developing Continue Reading
Highlights SPR release plans could change if prices drop: Turk China, other countries may also base releases on oil prices GOP senators introduce bill putting limits on ability to tap Continue Reading
Highlights Partial pipeline startup possible this weekend Rail service resumed last week in Western Canada The Trans Mountain crude oil and products pipeline in Western Canada will remain shut for Continue Reading
US crude oil inventories for the week ended Nov. 26, excluding the Strategic Petroleum Reserve, decreased by 900,000 million bbl from the previous week, according to data from the US Continue Reading
The United States is set to become “energy dominant”, boosted to prominence by its low-cost oil and gas supplies as global prices rise in the future, Bank of America said Continue Reading
The United States urged Russia on Wednesday to pull back its troops from the Ukrainian border, warning that a Russian invasion would provoke sanctions that would hit Moscow harder than Continue Reading
President Joe Biden didn’t mince words as he blamed the oil industry for gasoline prices running at a seven-year high. “Gas supply companies are paying less and making a lot Continue Reading
The biggest export out of Southern California these days is air. And it is suffocating the supply chain. Hundreds of thousands of empty containers are filling marine terminals and truck Continue Reading
A U.S. national security review has delayed the sale of Royal Dutch Shell’s (RDSa.L) controlling interest in a Texas refinery to Mexico’s national oil company, Petroleos Mexicanos (Pemex), Shell said Continue Reading
A Canadian regulator’s rejection last week of Enbridge Inc’s (ENB.TO) plan to sell space long-term on the country’s biggest oil pipeline dealt the company a double whammy that analysts say Continue Reading
U.S. consumer confidence decreased to a nine-month low in November as accelerating inflation and a pickup in Covid-19 cases weighed on Americans’ views on the economy. The Conference Board’s index Continue Reading
Russia would pay a high price for any new military aggression against Ukraine, NATO and the United States warned on Tuesday as the Western military alliance met to discuss Moscow’s Continue Reading
The U.S. will proceed with its plan to release 50 million barrels of oil from its strategic reserves despite a new coronavirus variant triggering a sharp drop in crude prices. Continue Reading
One of the world’s biggest ocean carriers is dangling incentives of as much as $200 a container for help in clearing the backlog at Southern California’s ports. CMA CGM Group Continue Reading
Oil Rebounds from Black Friday Rout as OPEC+ Takes More Time American drivers are set for a slight relief from stubbornly high gasoline prices at the pump as concerns over Continue Reading
The U.S. strategic petroleum reserve could drop by 304 million barrels over the next 10 years according to the EIA The reason for this fall is a combination of recent Continue Reading
U.S. President Joe Biden is taking a lot of flack for the rise in gasoline prices. In the short term, there is not much the President can do to put Continue Reading
The United States is ready to release even more barrels of crude oil from its emergency stockpiles, a senior advisor from the State Department told CNBC today. The Biden Administration Continue Reading
Oil prices may have crashed below $70 on Friday due to renewed Covid fears, but if those fears prove to be unfounded then oil prices could soar President Biden’s efforts Continue Reading
Canada’s ambitious plan to utilize geothermal energy could help save its economically-dependent oil sands. The project was established to curb greenhouse gas emissions in oil production while demand for the Continue Reading
The Biden administration proposed a slew of changes on Friday to the nation’s federal oil and gas leasing program, including hiking fees on drilling companies to keep them out of Continue Reading
In an effort to boost revenue and protect the environment, the Biden administration on Friday laid out plans to make fossil fuel companies pay more to drill on federal lands Continue Reading
The largest utility in Southern California cut power for more customers in the mountains near Los Angeles as strong winds raised the risk of wildfire, marking the second year in Continue Reading
tSpectrum Health, a major health-care system here, officials spent part of last week debating whether to move to “red status” in a show of how strained hospitals had become. A Continue Reading
The average price for regular unleaded gasoline in California hit a new record. The average price for regular unleaded gasoline in California hit a new record on Thanksgiving at $4.709, Continue Reading
U.S. consumer spending increased more than expected in October as households bought motor vehicles and a range of other goods, showing no signs yet of holding back because of high Continue Reading
U.S. natural gas futures rose 2% to a one-week high on Wednesday on forecasts for slightly cooler weather and higher heating demand over the next two weeks than previously expected. Continue Reading
Supply chain snags are threatening to hamper deliveries of ethanol needed for blending with gasoline ahead of the Thanksgiving weekend, according to ethanol traders and producers. Unlike crude oil and Continue Reading
The U.S. economy showed broad-based signs of acceleration heading into the end of the year, with consumers ramping up spending, businesses stepping up investment and jobless claims falling to historic lows. Continue Reading
A US inflation measure closely watched by the Federal Reserve posted its biggest year-on-year jump since the 1990s last month, adding to pressure on President Joe Biden as his White Continue Reading
Tens of millions of Americans are preparing to celebrate Thanksgiving this year, a major test for living with the coronavirus instead of avoiding it at all costs — as experts Continue Reading
Strong pricing for natural gas and the highest oil prices since 2014 support the drilling recovery in Canada Next year, a total of 6,457 wells are expected to be drilled Continue Reading
Cheniere Energy Partners produced the first LNG at the sixth liquefaction train at the Sabine Pass terminal in Cameron Parish, Louisiana, one year ahead of the train’s previous completion schedule, Continue Reading
Trans Mountain is optimistic it can restart its 300,000-b/d crude oil pipeline, in some capacity, by the end of the week if all planning and work continues to progress and Continue Reading
US crude oil inventories for the week ended Nov. 19, excluding the Strategic Petroleum Reserve, increased by 1.0 million bbl from the previous week, according to data from the US Continue Reading
The United States will sell 32 million barrels of crude from four Strategic Petroleum Reserve (SPR) sites to be delivered between late-December and April 2022, the Department of Energy (DOE) Continue Reading
The number of Americans filing initial unemployment claims tumbled to 199,000 — the lowest level since November 1969 — the Labor Department reported Wednesday, part of a spate of positive economic news Continue Reading
President Biden’s administration greenlit a major offshore wind project to supply power to New York, arriving as part of a broader push to build out renewable energy and tackle climate Continue Reading
Output tops 95 Bcf/d Nov. 24, highest since Dec 2019 Appalachia, Haynesville, Permian lead recent growth Winter forwards prices drift lower as supply lengthens US natural gas production surged to Continue Reading
The plastics and petrochemical industries are welcoming the $350 million for recycling and the management of plastic waste that’s included in the $1.2 trillion infrastructure bill President Biden signed into Continue Reading
The United States uses more gasoline than any other nation in the world, and lately Americans have grown concerned about the swift rise in costs at the pump. The White Continue Reading
The administration of U.S. President Joe Biden announced on Tuesday it will release millions of barrels of oil from strategic reserves in coordination with China, India, South Korea, Japan and Continue Reading
The administration of U.S. President Joe Biden announced on Tuesday it will release millions of barrels of oil from strategic reserves in coordination with China, India, South Korea, Japan and Continue Reading
U.S. Energy Secretary Jennifer Granholm on Tuesday urged U.S. energy companies to increase oil supply amid “enormous profits” as President Joe Biden seeks to bring down the price of gasoline Continue Reading
Canada’s warehouses are filling up with everything from furniture to alcohol, after floods in British Columbia washed out critical rail and road lines, disrupting already strained supply chains. A week Continue Reading
Samsung Electronics Co. is expected to announce plans to build a $17 billion semiconductor factory in Central Texas, a massive investment against the backdrop of a global chip shortage that Continue Reading
It’s been barely a week since devastating flooding accompanied an atmospheric river that lashed parts of British Columbia, isolating the city of Vancouver as landslides and washouts made roadways impassible. Continue Reading
