Senate Democrats have begun privately weighing a sprawling economic package that could be as large as $6 trillion even as a bipartisan group of senators works to draw support for Continue Reading
June 17 (Reuters) – A grueling heatwave that has gripped the U.S. Southwest for three days spread eastward to Iowa and Missouri on Thursday, while punishing the hardest-hit areas with Continue Reading
The U.S. Environmental Protection Agency is requiring that Limetree Bay refinery install 18 air monitors in St. Croix after ordering the plant to halt operations last month, the agency said Continue Reading
U.S. President Joe Biden’s administration has the power to stymie oil and gas development on government-controlled lands and waters, industry and environmental experts said, even though a court decision ended Continue Reading
A heat dome is baking Arizona and Nevada, where temperatures have soared past 115 degrees this week and doctors are warning that people can get third-degree burns from the sizzling Continue Reading
Searing heat across the U.S. Southwest this week boosted electricity demand and prices to record highs and prompted power grid operators in Texas and California to urge energy conservation to Continue Reading
General Motors will raise spending on electric and autonomous vehicles and add two U.S. battery factories as it gambles that consumers will eagerly switch from gasoline to the new technology. Continue Reading
Democratic U.S. congressional members sent a letter on Wednesday to the Environmental Protection Agency, urging it to reject any action that would exempt oil refiners from obligations to blend biofuels Continue Reading
U.S. Interior Secretary Deb Haaland said on Wednesday her department was reviewing a federal court’s decision that it must resume auctioning oil and gas leases on federal acreage but did Continue Reading
President Joe Biden’s plans to curtail fossil fuels hit an early roadblock Tuesday, when a federal judge ruled against the administration’s temporary ban on selling new drilling rights on federal Continue Reading
Triple-digit heat has singed Houston earlier than at any other time in a decade, straining the power grid serving the fourth-largest U.S. city in what may be a premonition of an unusually Continue Reading
Florida Power & Light is scheduled to implode the 495 -foot (150-meter) chimney stack of its last coal-fired generating plant on Wednesday, a milestone in its full transition to cleaner Continue Reading
A federal judge in Louisiana issued a preliminary injunction blocking the Biden administration from pausing new oil and gas leases on federal land. Judge Terry A. Doughty of the U.S. District Continue Reading
Retail sales dropped in May, marking a shift in consumer spending from big-ticket items to goods and services related to going out amid business reopenings and higher vaccination rates. Consumers cut spending Continue Reading
A federal judge in Louisiana has blocked the Biden administration’s suspension of new oil and gas leases on federal lands and waters, in the first major legal roadblock for President Continue Reading
Ohio may soon join a dozen U.S. states to have enacted legislation to preemptively block cities and counties from banning natural gas as a source of heating or cooking in Continue Reading
Texas is drawing battle lines in a fight against investors and companies turning their backs on fossil fuels. Governor Greg Abbott signed a bill into law on Monday banning state Continue Reading
The US solar market surpassed 100 GW of installed electric generating capacity in Q1 to account for 58% of all new electric capacity additions in the US, according to a Continue Reading
Power prices for Tuesday in the U.S. West soared to their highest levels since February as homes and businesses cranked up air conditioners to escape a brutal heat wave blanketing Continue Reading
An exceptional outbreak of extreme heat is set to engulf the West for much of the upcoming week, toppling records and bringing conditions that are extremely dangerous for some. Highs Continue Reading
Demand for road fuel is increasing in Brazil and Mexico. (Bloomberg) — Brazil and Mexico are beginning to emerge from the pandemic and that’s boosting demand for road fuel in Continue Reading
Iran and the United States have made progress on virtually every issue under discussion in indirect meetings over the past two months. But as they began a sixth round of Continue Reading
The average U.S. price of regular-grade gasoline rose 2 cents to $3.13 per gallon over the past three weeks. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that Continue Reading
Highlights Latest Republican bill aims to require congressional review Platts Analytics expects US sanctions relief by September Biden not bound by existing congressional review law In the latest attempt to Continue Reading
President Joe Biden’s administration, under pressure from labor unions and U.S. senators including from his home state of Delaware, is considering ways to provide relief to U.S. oil refiners from Continue Reading
Despite lower hydroelectric output and a nuclear plant outage in the US Pacific Northwest, the region is importing less gas from Canada summer over summer even as Alberta production grows Continue Reading
The Biden administration lifted sanctions on three former Iranian officials and several energy companies amid stalled nuclear negotiations, signaling Washington’s willingness to further ease economic pressure on Iran if the Continue Reading
Sequencing of JCPOA compliance remains complicated Platts Analytics sees US sanctions relief by September Iran oil output expected to return to capacity next year While oil traders appeared ready June Continue Reading
The Biden administration lifted sanctions on three former Iranian officials and several energy companies amid stalled nuclear negotiations, signaling Washington’s willingness to further ease economic pressure on Iran if the Continue Reading
U.S. exports of liquefied natural gas (LNG) are set to surge this year from the already record levels in 2020 as demand in Asia and Europe is high, even in Continue Reading
The boardroom wars around ExxonMobil, a district court in the Hague ruling Shell should speed up its emissions cutting above and beyond its own objectives, the International Energy Agency suggesting Continue Reading
A number of Democrats are growing increasingly nervous that the White House could agree to a bipartisan infrastructure deal that scales back key climate-change initiatives, prompting a lobbying push that Continue Reading
Consumer prices rose at the fastest annual rate since 2008 in May, a bigger jump than economists had expected and one that is sure to keep inflation at the center Continue Reading
American consumers absorbed another surge in prices in May — a 0.6% increase over April and 5% over the past year, the biggest 12-month inflation spike since 2008. The May Continue Reading
The number of Americans applying for unemployment benefits fell for the sixth straight week as the U.S. economy, held back for months by the coronavirus pandemic, reopens rapidly. Jobless claims Continue Reading
Reuters image captionReceding water levels have exposed bleached-white embankments of Lake Mead The largest reservoir in the US has dipped to its lowest ever level, officials say, as an extreme Continue Reading
American oil refiners eager to boost gasoline production for the summer driving season are leaving the country awash with fuel at a time when the rebound in consumption is still Continue Reading
Four months after the failure of the Texas electric grid sparked a backlash against clean power, investors and developers have decided just what the state needs: more renewable energy. Much Continue Reading
U.S. lockdowns have lifted and shopping is back. The National Retail Federation said Wednesday it expects retail sales to jump between 10.5% and 13.5% to more than $4.44 trillion this year Continue Reading
The biggest oil sands producers in Canada announced on Wednesday a net-zero collaboration initiative to achieve net-zero emissions from oil sands operations by 2050 to help Canada to meet its Continue Reading
Prices prompting gas-to-coal switching Wind generation capacity up year over year Despite warmer temperatures and the absence of coronavirus-related demand destruction, Midwest gas-fired power generation is down 300 MMcf/d summer Continue Reading
Project Reconciliation, a Canadian indigenous group seeking a stake in the Trans Mountain oil pipeline, is now aiming for a path to full ownership, the group’s new chairman said. (Bloomberg) Continue Reading
A $9 billion oil pipeline that became a symbol of the rising political clout of climate change advocates and a flash point in U.S.-Canada relations was officially canceled on Wednesday. Continue Reading
The Biden administration is set to toss out President Donald Trump’s efforts to scale back the number of streams, marshes and other wetlands that fall under federal protection, kicking off Continue Reading
A top U.S. envoy appealed to Iran to accept a “mutual return” to a landmark nuclear agreement with world powers as diplomats are set to gather to negotiate a cap Continue Reading
The US Energy Information Administration forecast coal production of about 600 million st in 2021, up 11.3% from the estimated 2020 output of 539 million st, the agency’s Short-Term Energy Continue Reading
Global liquid fuels The June Short-Term Energy Outlook (STEO) remains subject to heightened levels of uncertainty related to the ongoing economic recovery from the COVID-19 pandemic. The U.S. economy continues to rise Continue Reading
U.S. crude oil production is expected to fall by 230,000 barrels per day (bpd) in 2021 to 11.08 million bpd, the U.S. Energy Information Administration (EIA) said on Tuesday, a Continue Reading
The Biden administration asked a federal judge to throw out a lawsuit by more than a dozen Republican-led states seeking to block the U.S. government from strengthening the way it Continue Reading
Plummeting vaccination rates have turned what officials hoped would be the “last mile” of the coronavirus immunization campaign into a marathon, threatening President Biden’s goal of getting shots to at least Continue Reading
