Hurricane Fiona struck Puerto Rico’s southwest coast on Sunday as it unleashed landslides, knocked the power grid out and ripped up asphalt from roads and flung the pieces around. Forecasters Continue Reading
Highlights Port of Long Beach volumes edge higher against Los Angeles Asia-USWC freight rates down 19% on week USEC volumes remain strong while ports grapple with vessel backups US West Continue Reading
Wil VanLoh, head of private equity group Quantum Energy Partners: “there’s no bailout coming”, U.S. producers cannot pump a lot more. U.S. shale executives aren’t expecting major production increases in Continue Reading
U.S. climate envoy John Kerry cautioned against investing in long-term gas projects in Africa as countries in the region, some hoping to tap recent oil and gas discoveries, wrestle with Continue Reading
Africa, which is home to many of the most climate-vulnerable countries, needs to make its fair share of efforts to reduce global emissions and curb temperature rise, the U.S. Special Continue Reading
A powerful extratropical cyclone is expected to blast the western coast of Alaska starting Friday night — bringing potential perils from a storm surge that threatens to top out at Continue Reading
The White House on Thursday morning announced it had reached a “tentative” agreement to avert a national rail strike that had threatened the nation’s economy. President Biden said in a Continue Reading
The U.S. Bureau of Labor Statistics has released a report showing the second consecutive monthly drop in producer prices, prompted by steadily declining gasoline prices. The Producer Price Index (PPI) Continue Reading
Despite soaring global demand for natural gas, Canadian producers are struggling with volatile prices and deep discounts at Alberta’s AECO hub, one of the largest storage facilities in North America Continue Reading
The Biden administration on Wednesday issued oil and natural gas leases to companies that nabbed the Gulf of Mexico drilling rights in a government auction later invalidated by a federal Continue Reading
A Shell station in Houston. An internal email in 2020 said the company’s announcement of a pathway to net zero emissions had “nothing to do with” its business plans.Credit…Brandon Bell/Getty Continue Reading
The Mosquito fire, which has been tearing through the Sierra Nevada foothills since last week, became California’s largest blaze of the year on Wednesday. The fire formed on Sept. 6 Continue Reading
The US shale industry has warned it cannot rescue Europe with increased oil and gas supplies this winter amid fears that a plunge in Russian exports will send crude prices Continue Reading
Scientists who detected a massive methane leak at an offshore platform run by Mexico’s Pemex said Tuesday there was “no way” they had made a mistake, roundly rebutting claims by Continue Reading
But other energy costs are rising, offsetting relief at the pump. The index for electricity in August climbed 15.8% over the same month a year ago, the biggest such 12-month Continue Reading
Bloomberg survey: Equity strategists, portfolio managers, and retail investors have grown increasingly bullish on energy stocks. A shortage of critical fuels such as natural gas and diesel could boost the Continue Reading
New York Fed survey: U.S. inflation is expected to average 5.7% for the whole of 2023 and contract to 2.8% three years out thanks to falling gas prices. AAA: the Continue Reading
The Biden administration is making preparations for a complete shutdown of the railway system amid failing talks between trade unions and railways. The negotiations have been going on for more Continue Reading
A new Iran nuclear deal is looking increasingly unlikely after U.S. Secretary of State Anthony Blinken said Iran had taken “a step backward” with its latest comments on the final Continue Reading
The latest US effort to reduce reliance on China is striking hard at the Asian nation’s biotech stocks, as investors price in more indications of decoupling between the world’s two Continue Reading
Let’s say you want to sell your home in Cape Coral, Florida, and think you’ll get a great price because of the proximity to water. Or perhaps you’re thinking of Continue Reading
Highlights USDA sees 2022-23 US corn production at 13.9 bil bu, down 415 mil bu Sees US corn yield estimate at 172.5 bu/acre, down 2.9 bu/acre Sees US corn harvested Continue Reading
Israel does not anticipate a renewal of Iran’s nuclear deal with world powers before the U.S. mid-term elections in November, an Israeli official said on Sunday, after European parties to Continue Reading
The Biden administration plans next month to broaden curbs on U.S shipments to China of semiconductors used for artificial intelligence and chipmaking tools, several people familiar with the matter said. Continue Reading
U.S. Treasury Secretary Janet Yellen on Sunday said Americans could experience a spike in gas prices in the winter when the European Union significantly cuts back on buying Russian oil, Continue Reading
U.S. consumer-price inflation showed signs of moderating in August for the second straight month, though the decrease was uneven across sectors and it remains unclear whether the slowdown will continue. Continue Reading
Gasoline prices in the United States could spike this winter as an embargo on Russian oil imports comes into effect in the European Union, Treasury Secretary Janet Yellen has warned. Continue Reading
U.S. LNG exports to Europe increased substantially since the beginning of the year. The EU’s gas storage refill bill amounts to 10 times its usual. LNG exports have already resulted Continue Reading
U.S. inventories of diesel and other distillate fuel oils are now critically low after failing to recover during the summer driving season. The shortage will keep upward pressure on diesel Continue Reading
A tropical storm approaching Southern California on Friday threatened to bring high winds that could whip up wildfires and heavy rainfall that could trigger flash floods, but the system will Continue Reading
Highlights SoCal Gas, city-gates falls to near-parity with cash Henry Hub Excessive Heat Warnings to lift at 10 pm PT Sept. 9: NWS Spot gas prices in California and the Continue Reading
Customers refuel at a gas station in Concord, California. Photographer: David Paul Morris/Bloomberg Californians can’t get a break. A dangerous heat wave is raising the risk of blackouts in the Continue Reading
The Charles River in MassachusettsPhotographer: Brian K. Sullivan/Bloomberg It’s barely September, but crops are withering and brown leaves carpet the ground. Forests are bursting into flames. An iconic river is, Continue Reading
In 2007, the U.S. Congress mandated the blending of biofuels such as corn-based ethanol into gasoline. One of the top goals: reducing greenhouse gas emissions. But today, the nation’s ethanol Continue Reading
The Iranian nuclear deal will be agreed to by the end of September. That’s Fitch Solutions Country Risk & Industry Research’s core view, according to a report sent to Rigzone Continue Reading
Forecast Highlights Global liquid fuels The Brent crude oil spot price in our forecast averages $98 per barrel (b) in the fourth quarter of 2022 (4Q22) and $97/b in 2023. Continue Reading
Highlights September output averages over 96.6 Bcf/d US rig count near 34-month high at 868 NYMEX 2022 futures dip to low- to mid-$8s US natural gas production is on a Continue Reading
In 2007, the U.S. Congress mandated the blending of biofuels such as corn-based ethanol into gasoline. One of the top goals: reducing greenhouse gas emissions. But today, the nation’s ethanol Continue Reading
Wholesale gasoline prices are expected to keep falling in coming months as U.S. refiners overproduce fuel to try to rebuild low stocks of diesel and heating oil, according to analysts Continue Reading
Canadian airlines face potentially higher costs as new rules that take effect on Thursday broaden passenger refund requirements to cases of canceled or long-delayed flights outside of carriers’ control, an Continue Reading
U.S. Secretary of State Antony Blinken in a suit, met with Ukrainian President Volodymyr Zelensky in April. Secretary of State Antony Blinken announced during a trip to Ukraine on Thursday Continue Reading
As demand for oil and gas around the world soars, Canada is determined to boost oil production in order to ensure supply. If Canada hopes to meet its carbon reduction Continue Reading
U.S. natural gas futures shed around 5% on Tuesday, hitting a four-week low as soaring output coupled with lower demand forecasts drags prices down, despite the fact that inventories are Continue Reading
A new multi-fuel generation reserve to alleviate summer power shortages in California shows how grid connection delays and a growing bundle of supply chain challenges are costing taxpayers and hampering Continue Reading
California’s grid operator projected record-breaking power demand on Tuesday and called on consumers to conserve energy for the seventh consecutive day to avoid blackouts amid soaring temperatures. The California Independent Continue Reading
California’s power grid, already strained from days of triple-digit temperatures, faced a nearly record-breaking level of demand Tuesday. The California Independent System Operator, which provides electricity to most of the Continue Reading
In the weeks since President Biden signed a comprehensive climate bill devised to spur investment in electric cars and clean energy, corporations have announced a series of big-ticket projects to produce the Continue Reading
In the weeks since President Biden signed a comprehensive climate bill devised to spur investment in electric cars and clean energy, corporations have announced a series of big-ticket projects to produce the Continue Reading
Power lines are shown as California consumers prepare for more possible outages following weekend outages to reduce system strain during a brutal heat wave amid the outbreak of coronavirus disease Continue Reading
Firefighters battle flames at a home Friday near Weed, Calif. California on Monday faced its greatest risk of blackouts so far this summer, officials said, as soaring temperatures stressed the Continue Reading
