Texas Grid Meets Record June Demand
The Electric Reliability Council of Texas (ERCOT) has been able to meet record peak demand so far in June despite tight grid conditions last week. Yet, analysts and residents question Continue Reading
U.S. LNG Exports Are Surging Despite Jump In Shipping Costs
Despite a 65-percent jump in the cost of U.S. exports of liquefied natural gas to the biggest import market, Asia, American LNG shipments abroad have soared to record highs and Continue Reading
California Bets On Clean Energy To Beat Blackouts
The California Public Utilities Commission (CPUC) ordered on Thursday utilities to procure 11.5 gigawatts from zero-emission electricity sources in what it described “a historic decision” aimed at ensuring reliability and Continue Reading
$6 Billion Sale From Petroleum Reserve May Help Fund Infrastructure Plan
The U.S. could sell $6 billion worth of crude oil from the Strategic Petroleum Reserve (SPR) as one of the financing sources for new investment in the infrastructure deal, Reuters Continue Reading
Gas Shortage Pushes Coal Prices To 10-Year High
Tight natural gas supply and a rebound in electricity consumption have combined to push thermal coal prices to the highest in a decade, the Wall Street Journal reports , adding Continue Reading
19 U.S. Oil & Gas Pipelines Moving To Completion This Year
U.S. operators have completed, started building, or announced a total of 19 petroleum liquids pipeline projects so far this year, the Energy Information Administration (EIA) said on Friday. Two pipelines Continue Reading
U.S. refining capacity shrinks 4.5% as pandemic shuts plants
U.S. refining capacity last year fell 4.5% to 18.13 million barrels per day (bpd) from a record 18.98 million bpd a year earlier, the U.S. government reported on Friday, reflecting Continue Reading
U.S. says ban on Chinese firm’s solar products will not slow clean energy progress
The Biden administration said Thursday it banned U.S. imports of a key solar panel material from Chinese-based Hoshine Silicon Industry Co (603260.SS) , but stopped short of imposing a ban Continue Reading
‘We have a deal:’ Biden OK’s $1.2 trillion infrastructure plan
U.S. President Joe Biden on Thursday embraced a $1.2 trillion bipartisan Senate deal to renew the nation’s roads, bridges and highways and help stimulate the economy — a major breakthrough Continue Reading
Biden, Senators Get $579 Billion Bipartisan Infrastructure Deal
WATCH: Biden says “we have a deal.” President Joe Biden celebrated his tentative deal with a group of Democratic and Republican senators on a $579 billion infrastructure plan, saying it Continue Reading
Biden, Senators Agree to Roughly $1 Trillion Infrastructure Plan
President Biden and a group of 10 centrist senators agreed to a roughly $1 trillion infrastructure plan Thursday, securing a long-sought bipartisan deal that lawmakers and the White House will now attempt Continue Reading
U.S. customs bars imports of solar panels made with polysilicon from Hoshine – The Washington Post
The Biden administration banned the import of solar panels and other goods made with materials produced by a Chinese company that it accused of using forced laborers from China’s Xinjiang Continue Reading
White House seeks to tap SPR to pay for part of infrastructure deal
Highlights Deal include $7.5 billion for EV charging stations SPR could raise $45 billion if drained at current price Selling crude oil from the US Strategic Petroleum Reserve would be Continue Reading
Weekly US coal production totals 12.2 million st, up 28.7% on year: EIA
Weekly US coal production was an estimated 12.2 million st in the week ended June 19, down 2.1% from the previous week and up 28.7% from the year-ago week, Energy Continue Reading
California approves clean energy proposal to help respond to extreme weather
California regulators approved on Thursday a proposal that will require utilities to buy more clean power, a measure backed by environmental groups. Under the proposal, utilities will have to buy Continue Reading
Bipartisan Infrastructure Deal Omits Big Climate Measures
A deal reached Thursday between President Biden and a bipartisan group of senators for $579 billion in new spending to repair the nation’s roads, rails and bridges does relatively little Continue Reading
Reuters: U.S. Agrees To Lift Iran Oil Sanctions
The United States has agreed to lift all sanctions on the Iranian oil and shipping industry and to remove several senior officials from a blacklist, Reuters has reported , citing Continue Reading
Infrastructure deal moves closer as senators, White House broker framework. – The Washington Post
bipartisan group of senators tentatively reached an agreement with White House officials Wednesday on hundreds of billions of dollars in new spending for the nation’s infrastructure system, giving a significant Continue Reading
U.S. crude, gasoline stockpiles slump on growing demand
A sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. REUTERS/Angus Mordant June 23 (Reuters) Continue Reading
Interior sec’y says no plan ‘right now’ to ban new oil, gas leasing
U.S. Interior Secretary Deb Haaland on Wednesday told a congressional hearing that there is no plan to permanently ban new oil and gas drilling on federal land but her agency Continue Reading
Amazon to Buy Renewable Power Across the U.S. in Green Push
The renewable electricity will help Amazon power its warehouses, offices and data centers. Amazon.com Inc. signed deals to buy power from 14 wind and solar farms across North America and Continue Reading
Some Republicans Find Failure to Grapple With Climate Change a ‘Political Liability’
A small but growing number of Republicans say the G.O.P. needs a coherent climate strategy and formed a “Conservative Climate Caucus” on Capitol Hill. When Representative John Curtis quietly approached Continue Reading
Historic heat wave to bake Pacific Northwest. Seattle, Portland
Confidence is increasing that an episode of historic heat will torch much of the Pacific Northwest late this week into early next, with temperatures 30 degrees or more above average Continue Reading
US gasoline stocks see unexpected draw amid strong demand, weaker imports
Highlights Gasoline stocks fall 2.93 million barrels Demand tests pre-pandemic highs Crude stocks fall amid rising demand, sideways production US gasoline inventories saw an unexpected decline in the week ended Continue Reading
Most US upstream execs expect global oil supply gap by 2025: Dallas Fed survey
Highlights OPEC is ‘back in the driver’s seat’ on balancing market Oil, gas activity strong in Q2 but cost pressures rising Execs predict $70/b WTI, $3.10/MMBtu gas at end-2021 Underinvestment Continue Reading
Canada’s Oil Sands Production Is Roaring Back
Canada’s oil sands production has come roaring back, and according to IHS Markit, output is returning to pre-pandemic levels after a particularly difficult year that involved not only the Covid-19 Continue Reading
Western summer forwards climb as The Dalles Dam falls to another season low
The Dalles inflows down 30.3% year on year in June 10-day forecast indicates above-normal temperatures Mid-C on-peak July 582% higher than 2020 package The Dalles Dam water supply forecast has Continue Reading
US seizes Iranian news sites under unclear circumstances
American authorities took down a range of Iran’s state-linked news websites under unclear circumstances on Tuesday, the U.S. and Iran said, a move that appeared to be a far-reaching crackdown Continue Reading
Engine No. 1 Reaches Beyond Exxon With New ETF
Activist investor Engine No.1 will soon launch its first exchange-traded fund (ETF) as it extends its efforts to improve the environmental and social impacts of large U.S. corporations beyond supermajor Continue Reading
Survey calls for another below-average US natural gas storage build
Analysts expect another below-average natural gas injection to US storage fields for the week ended June 18 as multiple regions near the halfway point of the season with sizable deficits Continue Reading
California Faces New Round of Record Heat This Weekend
Record heat will scorch the West starting this weekend, likely taxing California’s power grid for days. Temperatures will rise 20 to 30 degrees Fahrenheit (11 to 17 Celsius) above normal Continue Reading
Delta Covid-19 Variant Could Be Dominant in U.S. in Two to Three Weeks, Study Says
The highly transmissible Delta variant of the Covid-19 virus is spreading so rapidly in the U.S. that it could become the dominant strain in the next two to three weeks, researchers said, Continue Reading
Canada’s climate plan charts hard road ahead for high-polluting oil sands
Canada has set ambitious targets for slashing emissions to fight climate change, but faces a stiff challenge: not only is its economy dependent on oil production, but the Canadian oil Continue Reading
Some Denver Gas Stations Ran Short of Fuel in Supply Chain Kink
Dozens of gasoline stations in Denver and southern Colorado ran dry last weekend as a shortage of truck drivers and pipeline work delayed fuel supplies. “It was enough of an Continue Reading
Texas Grid Operators Have Another Mess On Their Hands
It’s been one heck of a year for Texas energy grids. Six months ago only a very select group of industry insiders and policy nerds had ever heard of The Continue Reading
U.S., Brazil expected to constrain ethanol output in coming months
The United States and Brazil, the world’s top two ethanol producers, are expected to hold down production in coming months because of the surging cost of corn and sugar. Tight Continue Reading
US crude oil inventory draws likely extend as refinery runs push higher
US crude stocks expected 6.3 million barrels lower Refinery utilization expected at December 2019 levels Gasoline, distillate stocks likely build US crude oil inventory draws likely extended during the week Continue Reading
Europeans, U.S. warn Iran nuclear talks won’t be open-ended
Differences narrowed but not easy to bridge, Iran says Iran says onus mainly on U.S. to clinch new agreement U.S. puts onus on Iran, ‘fair distance’ still to any deal Continue Reading
U.S. national security adviser Jake Sullivan says preventing Iran from obtaining nuclear weapon is paramount priority
National security adviser Jake Sullivan said Sunday that preventing Iran from obtaining a nuclear weapon remains a “paramount priority” for the United States, emphasizing that diplomacy “is the best way Continue Reading
Heatwave bakes U.S. Southwest for fifth day as power grids hold up
The U.S. Southwest baked under an unrelenting heatwave for a fifth day on Friday, putting power systems to the test as more records were expected to be broken before a Continue Reading
U.S. Needs Nuclear Power To Hit Climate Targets: Granholm
Nuclear power is an indispensable part of the Biden administration’s plan to reduce carbon dioxide emissions by 52 percent over the next ten years, Energy Secretary Jennifer Granholm said at Continue Reading
Maine Becomes First State to Order Public Fossil-Fuel Divestment
Maine became the first U.S. state to enact a law requiring divestment from fossil fuels, after Governor Janet Mills signed a measure ordering public funds to jettison investments in coal, Continue Reading
West Risks Blackouts as Drought Reduces Hydroelectric Power
States across the West are at risk of electricity shortages this summer as a crippling drought reduces the amount of water available to generate hydroelectric power. Some of the region’s largest Continue Reading
U.S. Oil Set to Stay at Home on Fast Reopening, Sluggish Supply
The U.S. oil market is reaching a crunch point. Each week drivers are traveling billions of miles on interstates, just as they did in 2019, before the pandemic ravaged global Continue Reading
US jobless claims tick up to 412,000 from a pandemic low
The number of Americans applying for unemployment benefits rose last week for the first time since April despite widespread evidence that the economy and the job market are rebounding steadily Continue Reading
Spotlight: US Department of Energy joins initiative to lower hydrogen cost
Highlights US Department of Energy announces initiative to lower hydrogen cost by 80% to $1/KG DOE estimates hydrogen from renewable energy currently costs about $5/kg, or roughly $44/MMBtu Platts Analytics’ Continue Reading
U.S. refiners amass over $1 bln biofuel liability as Biden admin mulls relief
U.S. merchant refiners have amassed up to a $1.6 billion shortfall in the credits they will need to comply with U.S. biofuel laws, according to a Reuters review of corporate Continue Reading
New Maine law marks U.S. first on fossil fuel divestment
With their governor’s signature making it law, Maine legislators have become the first in the United States to order state officials to sell fossil fuel assets. Other public pension systems, Continue Reading
California Battery Boom Didn’t Come Fast Enough to Beat the Heat
Big batteries intended to save California from blackouts haven’t been added in time to stave off the threat of outages as the state struggles to meet power demand during this Continue Reading
Biden’s climate agenda bogged down in divided Congress
President Joe Biden arrives back in the US this week after a foreign tour with a recurring theme: fighting climate change. But he returns to a Washington where his own party Continue Reading