Senate Democrats took a major step toward the biggest expansion in decades of federal efforts to reduce poverty, care for the elderly and protect the environment, passing a $3.5 trillion Continue Reading
Higher natural gas prices are projected to contribute to an increase in energy sector carbon dioxide emissions as coal consumption rises, the US Energy Information Administration said Aug. 10. Not Continue Reading
US gasoline prices hit six-year high of $3.14/ gal in July Global oil demand to top pre-pandemic level in 2022 EIA trims US oil output estimate by 80,000 b/d for Continue Reading
U.S. President Joe Biden’s administration is quietly discussing a target date of 2050 for weaning aircraft off fossil fuels as part of the White House’s broader push to fight climate Continue Reading
Hundreds of scientists assembled this week by the United Nations rang the alarm bell as loudly as they ever have on climate change, detailing the intensifying fires, floods and other catastrophes that Continue Reading
Forecast Highlights Global liquid fuels The August Short-Term Energy Outlook (STEO) remains subject to heightened levels of uncertainty related to the ongoing recovery from the COVID-19 pandemic. U.S. economic activity Continue Reading
U.S. job openings jumped to a fresh record high in June and hiring also increased, an indication that the supply constraints that have held back the labor market remain elevated Continue Reading
The Texas power grid operator on Monday forecast demand this week would reach its highest in 2021 as homes and businesses crank up air conditioners to escape another heatwave. The Continue Reading
The spread of the highly contagious delta variant of Covid is threatening to put an early end to the U.S. summer driving season and spark a more precipitous downturn than Continue Reading
Nuclear energy had been falling further and further out of favor amid falling costs for renewable energy installations. But suggestions of its death have been highly exaggerated. The $1-trillion bipartisan Continue Reading
Electric cooperatives are still relying on coal for about a third of their output, the Wall Street Journal has reported, citing the latest data, for 2019. Co-ops, which serve some Continue Reading
The summer began with the promise that vaccinated Americans could largely go maskless, and travel swelled over the Fourth of July weekend to prepandemic levels. But the celebrations has turned out Continue Reading
It’s been a summer marred by record-shattering, deadly heat in the Pacific Northwest and yet another significant heat wave is on the way. Triple-digit temperatures will roast cities like Portland, Continue Reading
The U.S. labor market charged ahead in July with the biggest increase in employment in nearly a year, highlighting optimism about the economy’s prospects even as coronavirus concerns resurface. Payrolls Continue Reading
The Texas power grid operator on Friday forecast demand next week would reach its highest so far this year as homes and businesses crank up air conditioners to bring relief Continue Reading
Highlights State Department expects Iraq to curb import dependence Renewal comes after Iraqi prime minister’s White House visit The US State Department has granted another sanctions waiver allowing Iraq to Continue Reading
Declaring the U.S. must “move fast” to win the carmaking future, President Joe Biden on Thursday touted a commitment from the auto industry to make electric vehicles up to half Continue Reading
President Biden on Thursday announced a multistep strategy aimed at rapidly shifting Americans from gasoline-powered cars and trucks toward electric vehicles — a central part of his plan to reduce Continue Reading
Highlights Administration to tighten tailpipe emissions rules Fuel savings seen around 200 billion gallons of gasoline Sets 50% vehicle electrification goal for sales by 2030 Receive daily email alerts, subscriber Continue Reading
The US exported a combined total of 7.11 million mt thermal and metallurgical coal in June, the highest monthly level since June 2019, according to Census Bureau data released Aug. Continue Reading
For every week that passes without any breakthrough between Tehran and Washington, the prospect of a restored JCPOA nuclear deal looks bleaker. Talks in Vienna have remained stalled for weeks, Continue Reading
Jet fuel demand is finally taking off as American travelers return to the skies, but concerns over the Delta variant of Covid-19 may further delay full recovery. U.S. consumption of Continue Reading
The median projection by U.S. Federal Reserve rate setters of 7% economic growth in 2021 is slipping out of reach, Bloomberg Economics’ updated forecasts suggest. The main factor behind the downward Continue Reading
Conditions in and above the Atlantic Ocean continue to suggest that this year’s hurricane season will be an above-average one, a government scientist said Wednesday.Matthew Rosencrans, of the National Oceanic Continue Reading
Texas Eastern Transmission on Aug. 4 lifted an extended capacity restriction on its 30-inch line, opening the floodgate for more Appalachian gas to flow southbound to markets in the US Continue Reading
A rapidly spreading wildfire burned homes and forced thousands to evacuate in two heavily wooded counties northeast of Sacramento in Northern California on Wednesday, generating a towering plume of smoke Continue Reading
A group of Democratic U.S. senators on Wednesday unveiled legislation establishing a $500 billion fund to be financed by Big Oil and other “carbon polluters” that they hope to attach Continue Reading
U.S. crude oil stockpiles rose, while gasoline inventories fell, in a signal of steady demand for fuel, the Energy Information Administration said on Wednesday. Crude inventories (USOILC=ECI) rose by 3.6 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
The American Petroleum Institute (API) on Tuesday reported a draw in crude oil inventories of 879,000 barrels for the week ending July 30, bringing the total 2021 crude draw so Continue Reading
After years of waiting, Infrastructure Week finally happened. Last Wednesday, U.S. senators reached a bipartisan agreement on a $550 billion infrastructure bill, working through the weekend to finalize the text. On Continue Reading
After years of waiting, Infrastructure Week finally happened. Last Wednesday, U.S. senators reached a bipartisan agreement on a $550 billion infrastructure bill , working through the weekend to finalize the Continue Reading
Much was made about the impact of Biden’s infrastructure bill on the U.S. oil and gas industry, but details suggest there is nothing to worry about. Chart of the Week Continue Reading
U.S. oil and gas lobbying groups have doubled down on efforts to negotiate laxer climate reporting rules with an administration bent on tightening these rules considerably, the Financial Times reports Continue Reading
Highlights Russia was No. 2 supplier of crude, products in May Trend continues despite rising Canadian flows to USGC Biden unlikely to target flows during high gasoline prices The US Continue Reading
U.S. May production surprised to the upside by 80 kb/d. Production increased from 11,151 kb/d in April to 11,231 kb/d in May. It was also 175 kb/d higher than January’s. Continue Reading
The global computer-chip shortage continues to trip up the world’s largest car makers with some executives predicting it could weigh on operations well into the second half of this year. Stellantis STLA 5.24% NV, the Continue Reading
A shortage of tanker truck drivers has caused fuel delivery disruptions at airports from Nantucket to California. The Federal Aviation Administration issued a “Notice to Airmen” warning that some airports Continue Reading
Transco Z6 New York hits upper $7s/MMBtu for January, February Algonquin CG peak season pricing at $13 to $14/MMBtu Northeast storage trails 5-year average by 54 Bcf, or 7% Natural Continue Reading
The California Fuel Cell Partnership (CaFCP) released a new foundational document for heavy-duty class 8 fuel cell electric trucks (FCETs), “ Fuel Cell Electric Trucks: A Vision for Freight Movement Continue Reading
Iran’s hardline incoming president Ebrahim Raisi said on Tuesday he will take steps to lift “tyrannical” sanctions imposed by the United States, after winning the formal endorsement of the country’s Continue Reading
Incidents of piracy in the Mexican waters in the Gulf of Mexico have led to calls to Mexico’s Navy to increase its presence in the area where pirate attacks on Continue Reading
The U.S. on Monday finally reached President Joe Biden’s goal of getting at least one COVID-19 shot into 70% of American adults — a month late and amid a fierce Continue Reading
The $1 trillion bipartisan infrastructure package unveiled by the Senate includes more than $150 billion to boost clean energy and promote “climate resilience” by making schools, ports, and other structures Continue Reading
Last month BP released its Statistical Review of World Energy 2021 . The Review provides a comprehensive picture of supply and demand for major energy sources on a country-level basis. Continue Reading
U.S. oil consumption is rushing back much faster from the pandemic slump than first predicted as Americans are hitting the road, unleashing a burst of pent-up travel demand. Consumption is Continue Reading
Temperatures are skyrocketing yet again in the Pacific Northwest as the second major heat wave of the summer overtakes the region. This heat wave is not nearly as intense as Continue Reading
Summary of Weekly Petroleum Data for the week ending July 23, 2021 U.S. crude oil refinery inputs averaged 15.9 million barrels per day during the week ending July 23, 2021 Continue Reading
Earlier this year, the Biden administration said it planned to build offshore wind power generation capacity to the tune of 30 GW by 2030, creating more than 44,000 direct jobs Continue Reading
The Biden administration is making strides in reducing the United States’ dependence on fossil fuels for its energy needs. The federal government’s post-pandemic plan involves hundreds of billions in financing Continue Reading
