U.S. merchant oil refiners like Monroe Energy and PBF Energy Inc (PBF.N) are playing chicken with the White House, taking moves in the biofuels credit market that could force them Continue Reading
The contagious delta variant is driving up COVID-19 hospitalizations in the Mountain West and fueling disruptive outbreaks in the North, a worrisome sign of what could be ahead this winter Continue Reading
This winter is expected to be a rough one, and it could create a significant increase in power demand. Texas’ grid meltdown last year was a wakeup call to the Continue Reading
US natural gas production continues to surge this month, hitting fresh 19-month highs recently propelled by gains in output across Appalachia, the Haynesville Shale and the Permian Basin. Not registered? Continue Reading
Gasoline prices in California have reached fever pitch, hitting their highest prices ever recorded, according to data from Gas Buddy. Average prices hit $4.68 per gallon today in California, beating Continue Reading
The United States and China, the world’s two largest emitters of carbon dioxide, unveiled a deal to ramp up cooperation tackling climate change, including by reducing methane emissions, protecting forests Continue Reading
The United States and China, the world’s two largest emitters of carbon dioxide, unveiled a deal to ramp up cooperation tackling climate change, including by cutting methane emissions, phasing out Continue Reading
The U.S. and China pledged to work together on climate this decade, giving a jolt to the COP26 talks that are in their homestretch. A chorus of experts and officials Continue Reading
China’s top climate change envoy, Xie Zhenhua, apologized as he entered late for a weekend meeting at the United Nations climate summit. “We have quite busy schedules,” Mr. Xie said, Continue Reading
Protesters around the globe have been demanding firmer commitments from world leaders on climate change Activists and politicians have cautiously welcomed an unexpected US-China declaration that vowed to boost climate Continue Reading
U.S. consumer prices accelerated in October as Americans paid more for gasoline and food, leading to the biggest annual gain in 31 years, more signs that inflation could stay uncomfortably Continue Reading
U.S. inflation hit a three-decade high in October, delivering widespread and sizable price increases to households for everything from groceries to cars due to persistent supply shortages and strong consumer Continue Reading
U.S. crude oil refinery inputs averaged 15.4 million barrels per day during the week ending November 5, 2021 which was 343,000 barrels per day more than the previous week’s average. Continue Reading
Eleven Democratic senators, including several known for their concerns on climate change, urged Biden in a letter this week to act quickly. President Joe Biden faces growing pressure from fellow Continue Reading
President Joe Biden’s administration is targeting one of the tougher sources of climate-warming greenhouse gases with a plan that calls for the U.S. aviation sector to reach net-zero emissions by Continue Reading
Forecast Highlights Global liquid fuels The November Short-Term Energy Outlook (STEO) remains subject to heightened levels of uncertainty related to the ongoing recovery from the COVID-19 pandemic. U.S. gross domestic product (GDP) Continue Reading
Biden’s Infrastructure Bill is often painted as being anti-fossil fuels, but the truth is that the bill will provide a major boost to the oil and gas industry With plenty Continue Reading
The Automotive Monthly Metals Index (MMI) ticked up by 4.2% for this month’s reading. Ford Motor Co. reported total U.S. sales of 175,918 vehicles in October. The October total sales Continue Reading
Rystad Energy’s senior oil markets analyst examines the situation. If the U.S. doesn’t get OPEC+ to respond to its pledge for more output, it has its own arsenal of tools Continue Reading
U.S. food banks already dealing with increased demand from families sidelined by the pandemic now face a new challenge — surging food prices and supply chain issues walloping the nation. Continue Reading
John Kerry, the U.S. special envoy for climate, predicted the world’s biggest economy will stop burning coal by the end of the decade. “By 2030 in the United States, we Continue Reading
The Biden Administration is considering tapping the Strategic Petroleum Reserve as a potential tool to bring down the gasoline prices Selling millions of barrels from the SPR may do precious Continue Reading
The U.S. has been fighting a rearguard action against Iran cementing its influence in Iraq for almost two decades Aramco, is in talks with Iraq’s various ministries for billions of Continue Reading
With consumers already dealing with the fastest price increases in decades, another unwelcome uptick is on the horizon: a widely expected increase in winter heating bills. After plunging during the Continue Reading
Funds for clean energy, a national network of electric vehicle chargers, grid upgrades, and zero-emission buses are part of the $1-trillion Bipartisan Infrastructure Deal that Congress passed this weekend. The Continue Reading
U.S. President Joe Biden could announce measures to address high gasoline prices as soon as this week, U.S. Energy Secretary Jennifer Granholm told MSNBC in an interview on Monday. “Hopefully Continue Reading
Record American natural gas exports amid sluggish domestic production growth have raised prices for the fuel The U.S. benchmark price Henry Hub has more than doubled since the beginning of Continue Reading
California truckers face the nation’s highest diesel prices Spot market CARB diesel hovers near late-2014 prices Spot diesel prices are hovering near 2014 highs across major US trading regions, while Continue Reading
Shell restarted production at its Mars and Ursa platforms, bringing the last of its operated assets in the U.S. Gulf of Mexico online. Supermajor Shell has restarted production at its Continue Reading
Demand for liquefied natural gas (LNG) has never been higher, but developers in North America are headed into the final weeks of the year without having approved one new project Continue Reading
Highlights 17½ year agreement linked to Henry Hub, plus fixed fee Venture Global also has been active on the commercial front China’s Sinochem has agreed to buy as much as Continue Reading
U.S. employment increased more than expected in October as the headwind from the surge in COVID-19 infections over the summer subsided, offering more evidence that economic activity was regaining momentum Continue Reading
The U.S. labor market sprang back to life in October after a summer slowdown, with employers briskly adding jobs and nearly 200,000 women joining the labor force. The economy churned Continue Reading
The American economy added 531,000 jobs in October, the Labor Department said Friday , a sharp rebound from the previous month and a sign that employers are feeling more optimistic Continue Reading
Pfizer announced on Friday that its pill to treat Covid-19 had been found in a key clinical trial to be highly effective at preventing severe illness among at-risk people who received the Continue Reading
Energy Secretary Granholm: ”The SPR is certainly on the table as an option” “The Biden Administration is very concerned about the price at the pump,” Granholm added The SPR is Continue Reading
U.S. retail gasoline prices have started to decline in recent days and could drop even further, according to fuel-savings app GasBuddy. “If you don’t need gas, my suggestion is wait,” Continue Reading
The U.S. Department of Energy on Friday will unveil its biggest effort yet to drastically reduce the cost of technologies that suck carbon dioxide out of the atmosphere, in a Continue Reading
Iran’s talks with world powers aimed at reinstating a 2015 nuclear deal will resume on Nov. 29, its top nuclear negotiator, Ali Bagheri Kani, said on Wednesday, as Western concerns Continue Reading
China’s Sinopec has signed a contract with U.S. Venture Global LNG to buy 4 million tonnes of liquefied natural gas (LNG) annually for 20 years. The deal is the largest Continue Reading
Truck driver Chris Wagner pulled his big rig into a grain processing plant in Sidney, Ohio, on a recent afternoon to pick up a load bound for the Chicago suburbs. Continue Reading
Late Wednesday night, the city of Ithaca, N.Y., voted to electrify and decarbonize its buildings. It’s the first such initiative of its kind in the country. “We are being very Continue Reading
The US House is poised to vote on the most significant clean energy and infrastructure package in the history of Congress as soon as Nov. 4, Representative Kathy Castor said Continue Reading
Mexico is in the process of locking in its income from next year’s oil production, people familiar with the matter said, in what’s one of the most closely watched deals Continue Reading
Marathon Petroleum Corp (MPC.N) signaled on Tuesday that a sustained rally in natural gas prices could take a toll on earnings, sending the largest U.S. refiner’s shares down 4%. The Continue Reading
Louisiana has the highest LNG output of any state in the United States. Louisiana’s governor is struggling to find a balance between its economically-dependent LNG output and climate ambitions. Environmentalists Continue Reading
The head of a U.S. House panel on Tuesday subpoenaed four major oil companies and two lobbying groups for documents related to their actions on global warming as part of Continue Reading
The price of oil has climbed to multi-year highs, and oil companies are raking it in. Though Big Oil typically opens the taps when oil prices are high, the industry Continue Reading
The United States on Tuesday unveiled a plan to slash emissions of the greenhouse gas methane from oil and gas operations as part of its strategy to crack down on Continue Reading
While the infrastructure and spending bills have spent months oozing their way through the nation’s paralyzingly partisan bureaucracy, it’s looking like they might finally get passed on Tuesday. The bill Continue Reading
