EIA says U.S. 2020 coal output lowest since 1965
The Energy Information Administration (EIA) on Wednesday said U.S. coal production fell in 2020 to its lowest level since 1965 due to low global demand in the wake of the Continue Reading
EIA Inventory Report Sends Oil Prices Higher
Crude oil prices inched higher today after the Energy Information Administration reported a crude oil inventory draw of 7.9 million barrels for the week to July 9. The report was Continue Reading
U.S. Senate passes bill to ban all products from China’s Xinjiang
The U.S. Senate passed legislation on Wednesday to ban the import of products from China’s Xinjiang region, the latest effort in Washington to punish Beijing for what U.S. officials say Continue Reading
U.S. Senate panel passes energy measure likely to shape infrastructure bill
– A U.S. Senate committee on Wednesday passed a bill on climate and energy initiatives that are expected to be debated as part of the wider bipartisan infrastructure bill. The Continue Reading
Democrats Call for a Tax on Imports From Polluting Countries
Democrats have agreed to include a tax on imports from nations that lack aggressive climate change policies as part of a sweeping $3.5 trillion budget plan stocked with other provisions Continue Reading
‘Indirect but active’ talks being held with Iran on U.S. detainees -State Dept.
The United States has been engaging in “indirect but active” discussions to secure the release of U.S. detainees in Iran, State Department spokesman Ned Price said on Tuesday, adding that Continue Reading
U.S. Consumer Prices Jump Most Since 2008, Topping All Estimates
U.S. Consumer Prices Surge in June, Topping All Estimates Prices paid by U.S. consumers surged in June by the most since 2008, topping all forecasts and testing the Federal Reserve’s Continue Reading
US COVID-19 cases rising again, doubling over three weeks
The COVID-19 curve in the U.S. is rising again after months of decline, with the number of new cases per day doubling over the past three weeks, driven by the Continue Reading
Corporate Climate Efforts Lack Impact, Say Former Sustainability Executives
Tariq Fancy, BlackRock Inc.’s former chief investment officer for sustainable investing, found himself at odds with colleagues more focused on marketing sustainable funds than creating investments that have actual climate Continue Reading
U.S. Companies Say Climate Change Is a Problem—But Still Lobby Against Solutions
While more than 80% of the largest U.S. companies have set emissions reduction goals, less than half engaged with lawmakers to advocate for science-based climate policies — and more than Continue Reading
Inflation Accelerates Again in June as Economic Recovery Continues
U.S. inflation continued to accelerate in June at the fastest pace in 13 years as the recovery from the pandemic gained steam and consumer demand drove up prices for autos, airline fares and other items. The Continue Reading
ISO New England Tracker: Power, gas prices up in June; expected higher in winter
Connecticut Hub power prices up 95% on year Gas-fired generation up 3 aGW from May Winter on-peak power expected in mid-$60s/MWh Power and natural gas prices increased sharply month on Continue Reading
U.S. Oil Consumption Surging With Industry Firing at Full Blast
America’s oil demand has soared to new heights in a remarkable turnaround from just a year ago when the pandemic sent the U.S. economy into a tailspin and decimated demand. Continue Reading
White House appoints Allison Crimmins as the National Climate Assessment director
The Biden administration has tapped scientist Allison Crimmins from the Environmental Protection Agency to guide the U.S. government’s next authoritative report on the consequences of climate change. The report, known Continue Reading
Gas-fired generation takes backseat to coal as wind speeds in SPP ebb
SPP gas-fired generation dips 7,000 aMWh in July Market share for coal in SPP now approaching 50% Midcon gas prices near $3.50 limit upside for gas A seasonal decline in Continue Reading
Electrify America to more than double its current EV charging network by end of 2025
Electrify America announced its “Boost Plan” to more than double its current electric vehicle (EV) charging infrastructure in the United States and Canada, with plans to have more than 1,800 Continue Reading
Oil industry banker urges Houston to embrace clean energy
Houston, the epicenter of America’s oil industry, needs to embrace the shift to cleaner energy to secure its economic future, one of the city’s top oil bankers says.”If Houston wants Continue Reading
U.S. Gasoline Demand In 2021 May Have Peaked Already
The United States may have seen 2021 gasoline demand peak around the July 4 holiday, but increased airline traffic at domestic airports bodes well for the overall recovery in oil Continue Reading
USA Gasoline Demand Surged 9.5% Last Week
Should U.S. refiners get excited about one week of record demand for gasoline? With jet fuel consumption still weak and distillate stocks rising despite strong domestic demand, refiners must rely Continue Reading
US Rebound from Winter Storm Raises Non -Opec Production
Below are a number of oil (C + C ) production charts for Non-OPEC countries created from data provided by the EIAʼs International Energy Statistics and updated to March 2021. Continue Reading
Heat Scorches U.S. West as Records Fall Across the Region
Searing heat continues to scorch the western U.S., with Las Vegas tying its highest temperature ever and downtown Sacramento, California, setting a new second-highest mark on Saturday and relief at Continue Reading
Coal Output in U.S. Seen Rising Most Since 1990 on Global Demand
The surging, post-pandemic U.S. economy is driving an unexpected boom in coal, the latest sign that demand for the dirtiest fossil fuel remains resilient. American coal production this year will Continue Reading
Why Record-Breaking Overnight Temperatures Are So Concerning – The New York Times
Last month was the hottest June on record in North America, with more than 1,200 daily temperature records broken in the final week alone. But overlooked in much of the coverage were Continue Reading
Reservoirs are drying up in the Western U.S.
Reservoir levels are dropping throughout the West, as the drought tightens its grip on the region and intense summer heat further stresses both water supply and the surrounding landscape. Many Continue Reading
Above-average temps, gas-to-coal switching prompt stronger Midwest gas injections
Chicago basis to Henry Hub slips Prices still strong enough to prompt fuel switching Below-normal temperatures combined with rapidly refilling natural gas storage fields in the US Midwest are dragging Continue Reading
Growing problems with orphaned, abandoned wells challenges oil industry
Thousands of oil wells can become orphaned as bankruptcies occur State and federal funding are limited for cleanup, plugging efforts White House, lobbying groups propose cash injections, reforms A growing Continue Reading
U.S. crude, gasoline stocks fall as fuel demand rises
Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base July 8 (Reuters) – U.S. crude Continue Reading
U.S. Gasoline Demand Soars to Record on July 4 Travel Surge
Gasoline demand surged to a a record high as Americans took to the road for the July 4th holiday weekend. Gasoline supplied, a proxy for demand, rose to 10 million Continue Reading
Why Rising Oil Prices Are Unlikely to Kill the Economic Recovery
The recent bout of higher oil prices is unlikely to make much of a dent in the global recovery, according to economists who say strong growth and flush consumers in Continue Reading
New scorching heat wave building across Western U.S.
Last week, a “thousand-year” heat wave baked the Pacific Northwest and adjacent British Columbia with widespread highs topping 100 degrees, resulting in a death toll in the hundreds. Lytton, Canada, climbed to Continue Reading
US gasoline stocks move sharply lower as demand hits all-time high
Gasoline stocks fall 6.08 million barrels Implied demand hits 10.04 million b/d Crude stocks draw 6.87 million barrels US gasoline stocks moved sharply lower in the week ended July 2 Continue Reading
California calls for power conservation as heat wave looms
California’s power grid operator on Thursday issued a “flex” alert for Friday, asking consumers to conserve energy from 4 p.m. to 9 p.m. as high demand driven by extreme heat Continue Reading
High Oil Prices Could Derail America’s Economic Recovery
Way back in March, a veritable eternity ago if you measure by the daily news cycle, Oilprice reported that high oil prices were coming down the pike, and while oil Continue Reading
US gasoline stocks move sharply lower as demand hits all-time high
Gasoline stocks fall 6.08 million barrels Implied demand hits 10.04 million b/d Crude stocks draw 6.87 million barrels US gasoline stocks moved sharply lower in the week ended July 2 Continue Reading
Mexican president says Pemex to distribute gas to consumers
Mexican President Andres Manuel Lopez Obrador said on Wednesday that his government will create a new business within the state oil company Petroleos Mexicanos (PEMX.UL) to distribute liquefied petroleum gas Continue Reading
Will This Push Foreign Oil Companies Out Of Mexico?
The Mexican government launched a quest against foreign oil companies operating in the country pretty much from day one in office. First, it suspended new oil and gas auctions and Continue Reading
U.S. 2021 crude output to decline less than previously forecast, EIA says
U.S. crude oil production is expected to fall by 210,000 barrels per day (bpd) in 2021 to 11.10 million bpd, the U.S. Energy Information Administration (EIA) said on Wednesday, a Continue Reading
Orsted submits bid to develop offshore windfarm in Maryland
Denmark’s wind farm developer Orsted (ORSTED.CO) on Wednesday said it had submitted a bid to develop the Skipjack Wind 2 offshore wind farm in the state of Maryland in the Continue Reading
U.S. Projects Modest Oil Output Increase in 2021 Despite High Prices
BofA’s Yazhari on Tight Oil Market, Spike in Prices The U.S. sees limited domestic oil production growth through next year despite rising oil prices and rebounding demand. Oil explorers will Continue Reading
U.S. Job Openings Rise to Record, Underscore Hiring Difficulties
U.S. Job Openings Reach Record High 9.2 Million in May U.S. job openings rose to a fresh record high in May, underscoring persistent hiring difficulties and reflecting more vacancies in Continue Reading
Short-Term Energy Outlook
Forecast Highlights Global liquid fuels The July Short-Term Energy Outlook (STEO) remains subject to heightened levels of uncertainty related to the ongoing economic recovery from the COVID-19 pandemic. U.S. economic activity continues Continue Reading
U.S. Fossil Fuel Consumption Plunged Most On Record In 2020
Total U.S. consumption of petroleum, natural gas, and coal slumped by 9 percent in 2020 reaching the lowest level since 1991 and marking the largest annual decrease in U.S. fossil Continue Reading
US oil production to start picking up in Q4 if higher prices hold: US EIA
EIA boosts price outlooks by $4/b for 2021, $6/b for 2022 Global oil demand growth to ease to 3.7 mil b/d in 2022 Vaccine rollouts, OPEC+ fight present risks to Continue Reading
U.S., Canada raise concern over Mexico energy, investment climate
Trade ministers from the United States and Canada expressed concern on Wednesday about Mexico’s energy policies, as they met with their Mexican counterpart to mark the one-year anniversary of a Continue Reading
Large-Scale U.S. Solar Growth to Top Wind for First Time in 2022
Growth in large-scale U.S. solar capacity is projected to exceed that of wind next year for the first time. That’s according to a report Wednesday from the U.S. Energy Information Continue Reading
USA Pump Prices Return to 2014 Territory
U.S. gasoline consumption in the week leading up to the Independence Day holiday may have been the highest since September 2019, adding to signs of recovery from the pandemic travel Continue Reading
U.S. Fuel Use Seen Topping Pre-Virus Level in Run-Up to Holiday
U.S. gasoline consumption in the week leading up to the Independence Day holiday may have been the highest since 2019, adding to signs of recovery from the pandemic travel slump, Continue Reading
The U.S. Will Need a Lot of Land for a Zero-Carbon Economy
At his international climate summit in April, President Joe Biden vowed to cut U.S. greenhouse gas emissions in half by 2030. The goal will require sweeping changes in the power Continue Reading
Gas prices are expected to keep climbing through August.
AAA said on Tuesday that gas prices were expected to increase another 10 to 20 cents through the end of August. The average price of a gallon of regular in Continue Reading
Another intense heat wave to roast Western U.S., southwest Canada
Last week, Lytton, a small town in British Columbia, Canada, broke its nation’s all-time temperature reading three days in a row as temperatures soared as high as 121 degrees. Days Continue Reading