The United States and Iran will reconvene indirect talks aimed at reviving the 2015 Iranian nuclear deal on Thursday in Vienna, White House press secretary Jen Psaki said. There have Continue Reading
Petroleos Mexicanos expects its gasoline sales won’t fully recover to pre-pandemic levels this year as lockdown measures hurt demand and competitors win market share. While the state-owned company’s gasoline sales are Continue Reading
The U.S. economic recovery accelerated to a moderate pace from late February to early April as consumers, buoyed by increased COVID-19 vaccinations and strong fiscal support, opened their wallets to Continue Reading
The U.S. economy is emerging from a year of lockdowns in a big way and that’s showing up in the oil market. A rolling average of U.S. gasoline demand rose to Continue Reading
Over the past 60 years, U.S. oil production has seen its ups and downs. From the decline that began in 1970 through the fracking boom of the 2000s, U.S. presidents Continue Reading
Canada’s crude oil imports fell by 20 percent in 2020 due to lower demand in the pandemic, but the United States further cemented its position as top oil supplier to Continue Reading
The U.S. power sector has reduced emissions by 52 percent from levels projected 15 years ago, and is now “halfway to zero,” a New Berkeley Lab study showed , as Continue Reading
Highlights Crude stocks fall 5.89 million barrels Refinery inputs strongest since March 2020 Gasoline demand hits eight-month high US crude oil inventories saw a third weekly draw in the week-ended Continue Reading
Weekly US crude exports fell over the week ended on April 9, however, despite the week-on-week fall, the four-week moving-average for US crude exports rose to its highest level since Continue Reading
Joe Biden’s plan to plug tens of thousands of abandoned oil wells across the US risks rewarding fossil fuel operators who shirk their clean-up responsibilities and hooking the industry on Continue Reading
Meeting rising gasoline demand heading into the summer months is the best bet for U.S. refineries to stop the losses they had incurred last year and in the first quarter Continue Reading
American Airlines expects its domestic and international seat capacity during the summer travel season to be within 10% and 20% of levels seen in the same period of 2019, the Continue Reading
The United States will announce sanctions on Russia as soon as Thursday for alleged election interference and malicious cyber activity, targeting several individuals and entities, people familiar the matter said. Continue Reading
The United States is back in the Paris climate accord, but the depth of its commitment will become clear only in the next two weeks, when President Joe Biden unveils Continue Reading
As many as 375 local and state elected officials are calling on the Biden Administration to institute a ban on new oil and gas drilling permits on federal lands and Continue Reading
U.S. consumer prices rose sharply in March as the economic recovery gained momentum, marking the start of an expected monthslong pickup in inflation pressures. Some of the price increases reflected temporary factors, Continue Reading
The Kremlin told Washington on Wednesday it would act decisively if the United States undertook any new “unfriendly steps” such as imposing sanctions, the RIA news agency reported, citing a Continue Reading
World powers have sought to distance themselves from an alleged attack on Iran’s main uranium enrichment facility that threatens to complicate talks to revive an international nuclear deal with Tehran. The Continue Reading
The Iranian foreign minister, Mohammad Javad Zarif, vowed revenge against Israel on Monday morning, a day after a blackout at an Iranian nuclear enrichment site was attributed to an Israeli Continue Reading
One of the worst droughts in memory in a massive agricultural region straddling the California-Oregon border could mean steep cuts to irrigation water for hundreds of farmers this summer to Continue Reading
President Joe Biden told lawmakers at a White House meeting on Monday he was open to raising the gas tax by 5 cents to pay for his infrastructure bill, an Continue Reading
Joe Biden’s plan to plug tens of thousands of abandoned oil wells across the US risks rewarding fossil fuel operators who shirk their clean-up responsibilities and hooking the industry on Continue Reading
From the beginning of the coronavirus pandemic, US cities, states, and even villages made up their own rules and called it freedom. That approach to combating coronavirus arguably led to Continue Reading
Republican efforts to stall President Joe Biden’s climate agenda are slowly beginning to take shape. In March, a coalition of 12 Republican state attorneys general filed a lawsuit challenging Biden’s Continue Reading
Despite its green reputation, California has a big fossil fuel problem on its hands: neighborhood oil and gas drilling. In California, there’s nothing preventing frackers or drillers from setting up Continue Reading
Just a few months ago, the U.S. government wasn’t participating in a global treaty to reduce harmful gas emissions, and legal challenges were threatening to kill a carbon tax imposed Continue Reading
The US, Iran and remaining signatories of the nuclear deal will resume talks April 14 in Vienna, Iranian officials said, as the parties seek to negotiate a pathway for the Continue Reading
Economists are once again ratcheting up their U.S. growth forecasts as a fresh injection of government aid, rising vaccination rates and looser business restrictions combine to provide a bigger tailwind Continue Reading
The Dakota Access Pipeline will not be ordered to shut down while pending review, government lawyers told U.S. District Judge Brian Boasberg on Friday, much to the ire of environmentalists Continue Reading
Researchers with the Long Term Ecological Research site at the University of Colorado’s Mountain Research Station on the Niwot Ridge of Colorado’s Indian Peaks work on the 2019 snow survey Continue Reading
A massive fire erupted on Wednesday evening at an oil refinery operated by Petroleos Mexicanos (Pemex) in the city of Minatitlan in the eastern Mexican state of Veracruz, reported Reuters Continue Reading
General Motors Co and Ford Motor Co both said on Thursday they will cut more vehicle production due to a semiconductor chip shortage that has roiled the global automotive industry. Continue Reading
Californian drivers are edging closer to paying $4 for a gallon of gasoline with the state open for business again and Governor Gavin Newsom planning for a summer with almost Continue Reading
The number of Americans applying for unemployment benefits rose last week to 744,000, signaling that many employers are still cutting jobs even as more people are vaccinated against COVID-19, consumers Continue Reading
Maintenance at a Cheniere Energy facility was set to drag natural gas deliveries to U.S. liquefied natural gas (LNG) export facilities on Thursday to the lowest level since the end Continue Reading
The Atlantic hurricane season is poised to be another wild one, with forecasters predicting an above-average 17 named storms sweeping out of the basin. (Bloomberg) — The Atlantic hurricane season Continue Reading
When former U.S. President Donald Trump ascended into the Oval Office in January 2017, he kicked off his presidency by investigating unfair trade practices in China as part of his Continue Reading
China’s ambitions to develop a massive rare-earth mine have run into a maelstrom of local politics in a part of the world the U.S. considers vital to its national security interests. The Continue Reading
The bulk of gasoline imports head to USAC Texas refiners returning from February outages RBOB crack spread weakens on stock build US gasoline inventories climbed 4.04 million barrels to 234.59 Continue Reading
U.S. crude oil refinery inputs averaged 15.0 million barrels per day during the week ending April 2, 2021 which was 103,000 barrels per day more than the previous week’s average. Continue Reading
The US Energy Information Administration (EIA) forecasts an increase in demand for petroleum products during the 2021 summer driving season as the impacts of COVID-19 diminish in the United States. Continue Reading
Two of the world’s largest electric-vehicle battery makers have hired top Washington insiders to hold near-daily meetings with the Biden administration in a battle that could affect the electrification plans of Ford Motor Continue Reading
As states lift restrictions and coronavirus variants spread, scientists and federal health officials have warned that a fourth surge of cases could arise in the United States even as the nation’s vaccination campaign Continue Reading
In Texas and New Mexico, state regulators are already on the hook for cleaning up more than 7,000 orphaned oil and gas wells, which can leak contaminants into nearby air Continue Reading
Highlights Working groups to set out path for oil sanctions relief Iranian envoy says meeting was ‘constructive’ JCPOA signatories to convene again April 9 London — The US and Iran Continue Reading
Diplomats from the U.S. and Iran converged in Vienna on Tuesday in an attempt to revive the beleaguered 2015 nuclear agreement, the first potential thaw in diplomatic relations between Tehran Continue Reading
U.S. and Iranian officials said Tuesday an initial day of talks in Vienna on returning to the 2015 nuclear deal were “constructive,” but the Biden administration cautioned that no immediate Continue Reading
As governments are looking to put a price on carbon or raise current carbon taxes, the oil and gas industry globally is bracing for the impact of those levies on Continue Reading
Canada’s climate strategy to significantly cut emissions and become a net-zero emissions economy by 2050 will create a seismic shift in the large oil and gas sector, where up to Continue Reading
The US Energy Information Administration forecast coal production of 585 million st in 2021, up 8.6% from 2020 output of almost 540 million st, the EIA said April 6. Receive Continue Reading
