The Biden administration’s senior energy official on Sunday blamed the Opec oil “cartel” for soaring petrol prices in the US, putting more pressure on the group to increase crude output Continue Reading
Oil pared an early decline as OPEC+ may resist mounting pressure this week to boost production at a faster clip, and traders looked beyond China’s release of fuel reserves to Continue Reading
The COVID-19 pandemic sparked a chain reaction in energy markets that is still being felt. The oil price crash forced many producers into bankruptcy, resulting in the largest short-term oil Continue Reading
US coal is enjoying a brief resurgence under Joe Biden — a president who promised to curb the country’s use of fossil fuels and will join other world leaders at Continue Reading
Consumer prices rose at the fastest pace in 30 years in September while workers saw their biggest compensation boosts in at least 20 years, according to new government data released Continue Reading
August 2021 In August 2021, dry natural gas production increased year over year for the month, for the fifth consecutive month. The preliminary level for dry natural gas production in Continue Reading
Big Oil majors, including Exxon, BP, Shell, and Chevron, may be subpoenaed to turn over financial documents as part of a congressional probe into alleged disinformation about the effect of Continue Reading
U.S. coal miners are enjoying the surge in demand for the fossil fuel, with almost all of their production through the end of next year—and some into 2023 even—already sold, Continue Reading
The U.S. Supreme Court on Friday agreed to hear a bid by states including coal producer West Virginia and industry groups to limit federal power to regulate carbon emissions from Continue Reading
Executives from some of the world’s biggest oil companies denied in U.S. congressional testimony on Thursday that they continue to misinform the public about the role of fossil fuels in Continue Reading
President Joe Biden’s point-person for clearing the supply-chain bottleneck in southern California hailed a new agreement that will fast-track multiple logistics projects in the Golden State. The Emerging Projects Agreement Continue Reading
Jobless Claims Fall as U.S. Posts Weakest GDP of Recovery U.S. economic growth slowed more than expected in the third quarter to the softest pace of the pandemic recovery period Continue Reading
The U.S. economy grew at the slowest pace of the recovery in the third quarter, but economists expect strong consumer demand and an easing pandemic to boost growth in the Continue Reading
Jobless Claims Fall as U.S. Posts Weakest GDP of Recovery U.S. economic growth slowed more than expected in the third quarter to the softest pace of the pandemic recovery period Continue Reading
The first ever U.S. congressional dressing down of oil bosses for alleged climate-change subterfuge devolved into a fractious spat over environmental racism, electric-car subsidies and fat pay packages. The bosses Continue Reading
Top US oil executives were accused of decades-long industry efforts to spread disinformation over the role of fossil fuels in driving global warming during congressional hearings held on Thursday, days Continue Reading
For the first time ever, top executives in the oil industry were grilled by federal lawmakers for their alleged role in misleading the public for decades on climate change and Continue Reading
Crude oil tanks at the Cushing, Oklahoma storage hub are more depleted than they have been in the last three years, and prices of further dated oil contracts suggest they Continue Reading
A Congressional hearing this week into whether oil companies misled the public about climate change marks the start of a broad probe that may extend to other industries from advertising Continue Reading
Thursday’s Congressional hearing of top executives from Big Oil companies could be the start of a year-long investigation into whether the world’s largest oil firms have misled the public about Continue Reading
In the US Energy Information Administration’s (EIA’s) International Energy Outlook 2021 , released earlier this month, the EIA forecast that the global light-duty vehicle (LDV) fleet will grow from 1.31 Continue Reading
The US Department of Energy (DOE) is awarding $209 million in funding to 26 new national laboratory projects focusing on electric vehicles, advanced batteries and connected vehicles. The US currently Continue Reading
U.S. natural gas futures were little changed on Tuesday after erasing earlier losses on midday forecasts calling for colder weather and higher heating demand over the next two weeks than Continue Reading
The torrential rain that fell on much of California in recent days recharged rivers, filled storage tanks and prepared the ground for the next storm, providing what many climate experts say is Continue Reading
Crude oil tanks at the Cushing, Oklahoma storage hub are more depleted than they have been in the last three years, and prices of further dated oil contracts suggest they Continue Reading
To increase supply during the severe drought, Marin County is considering buying water from agricultural areas and piping it across the San Francisco Bay. Welcome to the future in Marin Continue Reading
U.S. natural gas futures soared almost 12% to a near three-week high on Monday on expectations liquefied natural gas (LNG) exports will rise and forecasts calling for cooler weather and Continue Reading
U.S. power utility Dominion Energy and Spanish turbine maker Siemens Gamesa said on Monday they will build the first U.S. factory to make blades for offshore wind power, part of Continue Reading
Higher retail natural gas prices will be the primary driver for the expected increase in natural gas heating expenditures this winter U.S. households that primarily use natural gas for space Continue Reading
It looks like Senator Joe Manchin will stand firm in his stance against the climate change provisions in Biden’s infrastructure bill When it comes to the climate bill it looks Continue Reading
Capital discipline, hedging could limit production gains US gas production surged Oct. 25 to its highest since Hurricane Ida struck the US Gulf Coast in late August, foreshadowing a potential Continue Reading
You may find it curious that the price of oil is still above $80 a barrel. This is also why gasoline prices are at the highest levels since 2014. But, Continue Reading
Lower than usual temperatures from China to Japan will add to power demand at a time of already tight supply and high prices. Bloomberg News Waves, whipped up by a Continue Reading
Fracking fluid and oil wastewater are dumped into an unlined pit located right up against the Petroleum Highway in Kern County, California. Credit: Sarah Craig/Faces of Fracking California has a Continue Reading
Mexico’s nationalization drive has done little good for its already struggling energy industry President Lopez Obrador’s latest constitutional reform to transform electricity markets could diminish private investment Mexico, once a Continue Reading
Operations at Mexican national oil company Pemex’s Tula refinery resumed two days ago after a three-week closure due to rail and road blockades by protesting teachers, a company source with Continue Reading
Mexico on Friday delayed for three years a rule mandating that new trucks and buses use low-sulfur diesel, arguing the fuel is not currently available everywhere in the country, according Continue Reading
The backlog of ships outside the twin ports of Los Angeles and Long Beach — America’s largest gateway for ocean freight — is poised to worsen. There’s now a record Continue Reading
A forecast for a developing drought in the U.S. southern Plains is the latest threat to dwindling world wheat supplies. Hard red winter wheat, a bright spot this year compared Continue Reading
One type of crude from America’s most prolific shale patch is having its moment, riding on the coattails of the global winter fuels crunch that has caused massive price rallies. Continue Reading
Northern California residents relieved that this week’s rain helped contain stubborn wildfires and soaked dry gardens were cleaning up Friday and preparing for a massive storm this weekend that could Continue Reading
Stockpiles at the biggest U.S. crude depot are quickly approaching critically low levels. The last time that happened, crude cost more than $100 a barrel. The storage tanks in Cushing, Continue Reading
The Biden administration on Friday took a procedural step towards holding an auction for oil and gas drilling rights in the Cook Inlet off the coast of Alaska next year. Continue Reading
The only gas station in Gorda Springs, California, population ~100, is now selling premium gasoline for $8.50 per gallon amid one of the most jarring energy crises in history. The Continue Reading
Top executives from Exxon Mobil Corp, BP America, Chevron Corp, and Shell Oil will testify on Oct. 28 at a congressional hearing examining whether the fossil fuel industry led an Continue Reading
After years of advocacy by frontline communities, California may finally be on the way to implementing a key health and safety regulation to protect communities living near oil and gas Continue Reading
California Governor Gavin Newsom on Thursday unveiled a plan to ban new permitting of oil wells within 3,200 feet (975 meters) of communities, calling it a move that will both Continue Reading
Back in April 2020, the landlocked West Texas Intermediate crude oil price briefly crashed into negative territory – a stunning turn of events that cost traders massive losses – when Continue Reading
U.S. crude and fuel inventories tightened further last week, as supplies of gasoline hit a two-year low and inventories at the largest U.S. commercial storage hub dropped to a three-year Continue Reading
Nuclear power is the only truly low-emissions electric power generating source that could work on today’s power grid Small modular reactors have gained plenty of traction lately as a potential Continue Reading
