The Federal Trade Commission will crack down on practices that may harm consumers at the gasoline pump and seek to deter “unlawful” mergers in the oil and gas industry, FTC Continue Reading
Hurricane Ida could cost insurers at least $15 billion, according to one of the earliest estimates, as analysts start assessing the damage from one of the most powerful storms to Continue Reading
Highlights Colonial Lines 1 and 2 were closed ahead of Ida More than 2 million b/d of oil refining capacity offline More than 1 million electricity customers without power Colonial Continue Reading
Refineries clustered around the city of New Orleans, Louisiana, are taking stock and assessing the impact Hurricane Ida had on their plants and surrounding infrastructure, with nearly 75% of Louisiana Continue Reading
Most of New Orleans went dark on Sunday after Hurricane Ida took out transmission lines and forced power plants offline. It was an all too familiar scene in a city that has Continue Reading
The daily average for hospitalized Covid-19 patients in the United States is now more than 100,000. That average, calculated over the last seven days, is higher than in any previous Continue Reading
The Bureau of Safety and Environmental Enforcement estimates that approximately 95.65 percent of the current oil production in the Gulf of Mexico has been shut in as a result of Continue Reading
Energy firms on Sunday had suspended 1.74 million barrels per day of oil production in the U.S. Gulf of Mexico, according to the Bureau of Safety and Environmental Enforcement (BSEE), Continue Reading
U.S. President Joe Biden told Israeli Prime Minister Naftali Bennett in White House talks on Friday that he was putting “diplomacy first” to try to rein in Iran’s nuclear program Continue Reading
Mexico’s state-owned oil firm Pemex has restored part of the oil production suspended after Sunday’s fatal fire that killed seven people, but the pace of output recovery could be slower Continue Reading
Mexico expects an average price of $60 per barrel for its crude oil exports, as well as an average crude production of 1.9 million barrels per day (bpd) for 2022, Continue Reading
U.S. officials have begun blocking the import of solar panels that they believe could be products of forced labor in China, implementing a recent ban that could slow the construction Continue Reading
The Environmental Protection Agency has proposed a retroactive reduction in biofuel mandates, effective 2020, in very welcome news to oil refiners who have been complaining of the costly mandates. Citing Continue Reading
Gas prices a bigger factor in power hikes Stronger economy seen in some areas Pandemic may lessen price surge in 2021 Stronger North American power demand has had a muted Continue Reading
Highlights California battery storage capacity to double by end of year June-Aug. thermal generation up 27% over 5-year average Battery storage is taking off in California with nearly 1.2 GW Continue Reading
Pemex Chief Executive Officer Octavio Romero gestures in a news conference after Sunday’s fire on an offshore platform in the southern Gulf of Mexico, at the headquarters of state-owned oil Continue Reading
U.S. energy companies on Thursday began airlifting workers from Gulf of Mexico oil production platforms and moved vessels from the path of what could become a devastating hurricane by the Continue Reading
Canada, the world’s biggest canola grower and a major wheat producer, forecasts a 26% drop in supplies of its main crops as drought ravages output and inventories shrink. Grain and Continue Reading
Chevron was moving nonessential crews from its operated US Gulf of Mexico facilities as Tropical Depression Nine inched closer to the US coast in early afternoon Aug. 26, although the Continue Reading
The ports of Los Angeles and Long Beach in California reported lengthier lists of ships anchoring offshore, with the number of ships idle within sight of the port standing at Continue Reading
A quick start to the Atlantic hurricane season saw five storms form so far this year, well ahead of normal pace of a normal year, before settling into a lull Continue Reading
American farmers are preparing to fire up their tractors earlier than usual this year, and it’s an unexpected gift to oil markets. Unusually hot and dry weather has sped up Continue Reading
Here is a snapshot of what’s happening with Iran, its nuclear talks and energy markets. Latest developments The top American negotiator in the Iranian nuclear talks said Washington is prepared Continue Reading
A deadly weekend fire at on an offshore platform in the southern Gulf of Mexico operated by Mexican state oil firm Petroleos Mexicanos (Pemex) could have been caused by a Continue Reading
Crude inventories last week dropped for a third straight week while fuel demand rose to its highest since March 2020, the Energy Information Administration said on Wednesday. Crude inventories (USOILC=ECI) Continue Reading
Americans are still buying up fuel to make the most of summer travel despite a new wave of Covid-19 outbreaks, allaying fears a resurgent virus would choke off the oil Continue Reading
Energy and climate policies in two sweeping pieces of legislation moving through Congress would put within reach President Joe Biden’s goals of achieving 80% clean energy and a 50% economy-wide Continue Reading
White House and other administration officials told the Environmental Protection Agency that its industry-backed plan for tightening auto emissions limits was too lax, but the agency rebuffed those warnings and Continue Reading
Darrell Rice stood in a field of corn he’d planted in early June, to be harvested in the fall and chopped up to feed the hundreds of cows and calves Continue Reading
Low levels of water in the Rockport reservoir in Oakley, Utah, last month.Credit…Lindsay D’Addato for The New York Times Credit…Source: NOAA’s National Centers for Environmental Information transcript Survivor of Deadly Continue Reading
Oil settled higher on Wednesday after the EIA reported U.S. crude inventories fell to the lowest since January, 2020, and domestic gasoline inventories fell more than expected. Oil rose for Continue Reading
U.S. clean energy associations hailed the House’s vote on Tuesday to approve a budget resolution to advance the $3.5 trillion Congressional budget deal, which has earmarked resources to accelerate the Continue Reading
Imperial is moving forward with plans to construct a major renewable diesel complex at its Strathcona refinery near Edmonton, Alberta—the largest refinery in western Canada. This new complex is expected Continue Reading
PEMEX reported Monday that five people have died, six have been injured and two are missing following a fire in the Ku-A Processing Center at the E-Ku-A2 compression and electricity Continue Reading
The Biden administration said on Tuesday it would take steps to restart the federal oil and gas leasing program in the next week and plans to hold a Gulf of Continue Reading
The fourth-largest U.S. refiner Phillips 66 (PSX.N) on Tuesday said it has put the smaller of its two Louisiana refineries up for sale amid continued losses and an uncertain future Continue Reading
Gina Peltier prayed over the Mississippi River earlier this month, hoping that President Biden would step in to stop the oil pipeline that she says will threaten Minnesota lakes, wild-rice Continue Reading
Battery energy storage installations up 439% from Q1 Texas leads additions with 1.489 GW, 17% of pipeline US project developers installed 5.62 GW of clean power capacity in second-quarter 2021, Continue Reading
California Climate Investments —a program designed to put billions of dollars to work to reduce greenhouse gas emissions—is funded with proceeds from the State’s Cap-and-Trade GHG emissions reduction program and Continue Reading
In New York City, a tropical storm delivered record-breaking rains this weekend. Heavy downpours caused devastating flash floods in central Tennessee, tearing apart houses and killing more than 20 people. Continue Reading
Some of the largest U.S. food distributors are reporting difficulties in fulfilling orders as a lack of workers weighs on the supply chain. Sysco Corp. , North America’s largest wholesale Continue Reading
Electricity demand in Texas is expected to climb to an all-time high as searing heat continues to grip the region. The National Weather Service issued a hazardous weather outlook for Continue Reading
A fire that struck an offshore oil platform operated by Mexico’s state-run Pemex cut the company’s production by 444,000 barrels per day (bpd) due to the lack of natural gas Continue Reading
A fire at an offshore oil platform operated by Mexican state oil company Pemex has left five people dead and slashed the country’s oil output by almost a quarter.About 420,000 Continue Reading
The U.S. and China are trading places in the economic growth race. U.S. gross domestic product rose 12.2% in the second quarter of this year from a year earlier, outpacing China’s Continue Reading
The Texas power grid operator forecast demand would reach record highs on Monday and Tuesday as homes and businesses crank up their air conditioners to escape another heatwave. The United Continue Reading
The U.S. Department of Energy said Monday it would sell up to 20 million barrels of crude from the emergency oil reserve to comply with legislation passed in recent years. Continue Reading
The U.S. gave full approval for use of the Covid-19 vaccine from Pfizer Inc. PFE 2.48% and partner BioNTech SE BNTX 9.58% Monday, a move quickly followed by announcements from the Pentagon, the New York City school district and others that Continue Reading
Drought is blistering key U.S. cash crops, further elevating prices for staples including corn and wheat. The punishing dynamics of a torrid summer were evident this month on the Pro Farmer Crop Continue Reading
Janet Rice never suspected that Trace Creek could get so high. It would take an ocean surging 500 miles from the coast to her rural town in middle Tennessee. Then Continue Reading
