The rapid rollout of Covid-19 vaccines across the US is starting to work, according to a Financial Times analysis of official data that shows the number of deaths and hospital Continue Reading
Highlights Balance-of-year curve falls to $2.63/MMBtu Demand underwhelms, production surges Gas storage narrows deficit to 5-year average Balance-2021 forwards prices at the US benchmark Henry Hub were at an eight-week Continue Reading
Beijing plans to press Washington to reverse many of the policies targeting China introduced during the Trump presidency in the first face-to-face meeting of senior U.S. and China officials since Continue Reading
The United States will take an uncompromising stance in talks with China on Thursday in Alaska, officials have said, in the first face-to-face meetings between senior officials from the two Continue Reading
The US central bank expects much stronger growth this year than previously forecast, as vaccination rates rise and government relief funds start flowing into the economy. The Federal Reserve forecast Continue Reading
Enbridge Inc. warned that refiners in central Canada and the U.S. Midwest would see crude supplies cut in half and propane costs surge for some homeowners if Michigan’s governor succeeds Continue Reading
US President Joe Biden clinched the top role last November on the back of a campaign promise to launch the Clean Energy Revolution in the country, with a chief aim Continue Reading
After a year of getting pummeled by the coronavirus, U.S. oil demand is bouncing back — and this time it looks like it’s here to stay. Retail gasoline sales rose Continue Reading
Joe Biden had a neat, nine-point plan for energy when he campaigned for president. He started putting this plan into action on his first day in the White House with Continue Reading
President’s Biden’s administration is reportedly planning the first major tax increase in nearly three decades in the next economic stimulus package. The president is reportedly planning to include the first Continue Reading
US crude oil inventory builds likely extended in the week ended March 12 as the Gulf Coast refinery complex continued to operate at reduced capacity in the wake of the Continue Reading
India boosted significantly crude oil imports from the United States in February, while it slashed purchases from the world’s top oil exporter, Saudi Arabia, to the point of America overtaking Continue Reading
The U.S. policy of stopping Iran from exporting oil suffered a setback after a United Arab Emirates sheikh laid claim to a cargo that Washington seized and alleged is from Continue Reading
Mexico is due to announce later this week a sizable oil and gas field in the Tabasco region, but observers doubt the find will be a game-changer or if it Continue Reading
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Last month, President Joe Biden said he planned to replace the whole federal vehicle fleet with electric cars, creating one million jobs in the process. Jobs aside, we’re talking about Continue Reading
The United States could be on the cusp of a surge in gasoline prices with the price in some U.S. states rising to as much as $4 per gallon, according Continue Reading
The Senate confirmed Rep. Deb Haaland as President Biden’s interior secretary Monday, in a vote that for the first time will make a Native American a White House cabinet secretary. The Continue Reading
The United States reported a 22% decline in deaths from COVID-19 last week, while vaccinations accelerated to a record 2.4 million shots per day, according to a Reuters analysis of Continue Reading
The United States is willing to sit down with Iran “tomorrow” and jointly agree to full compliance with the nuclear accord they and five other world powers signed in 2015, Continue Reading
Iran’s foreign ministry spokesman said on Monday that the United States should lift sanctions and give guarantees that mistakes made by the administration of former U.S. President Donald Trump will Continue Reading
Treasury Secretary Janet Yellen said U.S. inflation risks remain subdued as the Biden administration pumps $1.9 trillion in pandemic relief into the economy and a return to full employment comes Continue Reading
Joe Biden’s $1.9 trillion stimulus plan isn’t just boosting the U.S., it’s also helping economies around the world. The latest forecasts from the OECD included huge upgrades for 2021, thanks in Continue Reading
Nearly a month after an Arctic blast knocked out more than 18 of 30 Texas refineries, and almost 5 million barrels a day of crude-processing capacity, all but two sites Continue Reading
The Sierra Club and several other environmentalist organizations are suing Kern County in California for approving a revised ordinance that will allow for the drilling of several thousand new oil Continue Reading
As a growing number of Wall Street banks and virtually all major asset managers declare their shift away from fossil fuel investments, the Texas Senate is striking back with a Continue Reading
As persistent drought and climate change threaten the Colorado River, several states that rely on the water acknowledge they likely won’t get what they were promised a century ago. But Continue Reading
The United States needs to set a target to slash its greenhouse gas emissions between 57% and 63% below 2005 levels by 2030 in order to achieve the Biden administration’s Continue Reading
President Joe Biden Candidate Joe Biden rode into the White House promising to build back the economy after the devastation of Covid-19 with cleaner energy and a lower carbon footprint. Continue Reading
The Senate confirmed Michael Regan as EPA administrator on Wednesday, putting the former North Carolina environmental chief in line to chart broad federal policies combating climate change and countering pollution. The Senate’s Continue Reading
The number of Americans seeking unemployment benefits fell last week to 712,000, the lowest total since early November, evidence that fewer employers are cutting jobs amid a decline in confirmed Continue Reading
Three weeks ago, in a show of both good faith and diplomatic pressure, the United States offered to rejoin nuclear talks with Iran . The double-edged overture fell flat: Iran Continue Reading
Top U.S. and Chinese officials are set to hold talks next week in the first high-level in-person meeting between the two powers since President Biden took office, after months of Continue Reading
Highlights Gasoline stocks fall 11.87 million barrels USAC stocks hit 15-week low Crude stocks surge 13.8 million barrels US gasoline inventories moved sharply lower for a second week in the Continue Reading
The US Department of the Interior delved deeper into its review of federal minerals, a move that affects 12% of natural gas and 22% of crude production, as it develops Continue Reading
US wholesale solar power sales in 2020 increased 25% compared with 2019, reflecting the increase of solar generation that was installed during the year, according to data reported to government Continue Reading
Highlights Gasoline stocks fall 11.87 million barrels USAC stocks hit 15-week low Crude stocks surge 13.8 million barrels US gasoline inventories moved sharply lower for a second week in the Continue Reading
Forecast Highlights Global liquid fuels The March Short-Term Energy Outlook (STEO) remains subject to heightened levels of uncertainty because responses to COVID-19 continue to evolve. Reduced economic activity related to the COVID-19 Continue Reading
Tens of thousands of oil wells could be developed in Kern County, California as an ordinance which was previously denied exploration is being revised. This Monday, the Kern County Board Continue Reading
Due to plunging drilling activity amid low oil prices, U.S. crude oil production fell by nearly 1 million barrels per day (bpd) last year, registering the largest annual decline in Continue Reading
Hydrogen is increasingly being viewed as a key element to decarbonizing the most emissions-intensive industries, yet the US is falling behind the curve in growing this market compared with its Continue Reading
The US is estimated to produce 581.2 million st of coal in 2021, the Energy Information Administration said in a March 9 report, lowering its monthly estimate for the fourth Continue Reading
The seven-day average for new daily coronavirus cases in the United States fell below 58,000 this week for the first time since mid-October, after weeks in which a steady decline in Continue Reading
U.S. President Joe Biden has put the oil industry and oil-producing states on edge with his plans to reform oil and gas permitting and leasing practices on federal land and Continue Reading
Northern Californians are taking to the open road in much greater numbers, an early signal that gasoline demand may be returning a year after the pandemic paralyzed the economy. Traffic Continue Reading
“I’m not going to sugarcoat how hard transitions are,” new United States Energy Secretary Jennifer Granholm stated on Wednesday. Her comment, made during IHS Markit’s annual CERAWeek conference, was in Continue Reading
The U.S. Department of Energy’s Office of Fossil Energy has announced that contracts have been awarded from a recent Congressionally directed Strategic Petroleum Reserve crude oil sale. The U.S. Department Continue Reading
During President Biden’s first formal meeting with the nation’s labor leaders, Mark McManus played the skunk at the garden party: Joking that he “drew the short straw,” the president of Continue Reading
Last week, several Big Oil companies executives met at CERAWeek by IHS Markit energy conference to discuss, among other things, Strategies for the Energy Transition, Climate & ESG. An overriding Continue Reading
Refiners and integrated oil firms continue to struggle with low refining margins, as a part of global oil demand—jet fuel consumption—is still enormously depressed by international travel restrictions. Margins for Continue Reading
