The Government of Canada plans to provide C$2.75 billion (US$2.17 billion) in funding over five years, starting in 2021, to enhance public transit systems and switch them to cleaner electrical Continue Reading
The U.S. Department of Energy sold crude oil from the Strategic Petroleum Reserve to a foreign government for the first time, according to the agency. The government of Australia and Continue Reading
Car dealer Brad Sowers is spending money to prepare for the coming wave of new electric models from General Motors Co. He is installing charging stations, upgrading service bays and Continue Reading
Iran would be ready to resume talks on the nuclear deal with the US and other western powers if they provide a “clear signal” that sanctions will be lifted within Continue Reading
The havoc that the pandemic is wreaking in Brazil and Mexico is cooling demand for gasoline and diesel in two top markets for U.S. oil refiners. Gasoline consumption in Mexico, Continue Reading
U.S. employers added more jobs than forecast in February and the unemployment rate declined, suggesting the labor market is clawing its way forward again following several disappointing months. Payrolls increased 379,000 Continue Reading
Five gasoline tankers that were enroute to the U.S. East Coast diverted to the Port of Houston to help ease a supply crunch after last month’s freeze crippled the region’s Continue Reading
Texas fuel makers are racing to restore operations knocked out by mid-February’s brutal winter storm, but they’re also casting a wary eye on improvements in the market and may be reluctant Continue Reading
The American Petroleum Institute is debating whether to support a price on carbon. It’s not every day that a top lobbying group contemplates taxing itself. That’s big news, and it’s tempting Continue Reading
Driven by unexpectedly large job gains at the nation’s restaurants and bars, the labor market picked up strength in February, raising hopes that the economic recovery was taking hold more Continue Reading
The American Petroleum Institute (API) now advocates a carbon tax? We had to read the API’s press release twice to make sure we were reading correctly. Whatever else this accomplished Continue Reading
Maintenance at three oil sands upgraders in Canada will take off some 500,000 bpd in production offline, helping tighten supply amid a price rally, Bloomberg reports. Canadian Natural Resources, Suncor Continue Reading
The pandemic may be receding in some parts of the world, but it is still ravaging Mexico and Brazil, presenting another challenge to U.S. refiners as the two countries are Continue Reading
Highlights Reverse Keystone XL cancellation: Manchin Shutting production doesn’t end demand: Murkowski Energy industry under assault: Cornyn Wrapping up the final day of the annual CERAWeek by IHS Markit conference, Continue Reading
Highlights Majors eye hydrogen future, cutting carbon Pandemic hurries implementation of new technologies Returning oil demand, higher prices to test industry’s constraint The 2021 CERAWeek by IHS Markit conference, arguably Continue Reading
Energy storage flexibility allows the technology to participate in multiple US power markets, with regional electricity costs, incentives, geography, and state-level mandates currently acting as growth drivers, market participants said Continue Reading
General Motors stated it is extending outages at three of its plants caused by a shortage of semiconductors, including a two-week extension (to end-March) in Mexico and by around four Continue Reading
The U.S. economy is set up for a stronger recovery this spring after a February surge in hiring at restaurants and other hospitality businesses created the best monthly job growth Continue Reading
The number of Americans applying for unemployment benefits edged higher last week to 745,000, a sign that many employers continue to cut jobs despite a drop in confirmed viral infections Continue Reading
Energy Secretary Jennifer Granholm on Wednesday called for Texas to weatherize its grid and said the state should consider connecting to grids beyond its borders following last month’s winter storm Continue Reading
After decreasing production to match lower demand in 2020, Mexico plans to boost oil exports in 2021 as worldwide demand gradually increases once again. OPEC members heavily reduced oil production Continue Reading
The U.S. economic recovery continued at a modest pace over the first weeks of this year, with businesses optimistic about the months to come and demand for housing “robust,” but Continue Reading
A record plunge in gasoline stockpiles last week is threatening to raise pump prices across America above $3 a gallon for the first time in six years. Inventories fell by 13.6 Continue Reading
President Joe Biden wants to change the way the U.S. uses energy by expanding renewables, but he will need to navigate a host of challenges — including the coronavirus pandemic Continue Reading
The year 2020 is going to be remembered for a lot of things, many of them not so good. Included in the not-so-good list is the drought that has plagued Continue Reading
The blame game for the massive power outages in Texas last month continues. The dominant argument is that renewables had an ignorable part to play in the crisis, with natural Continue Reading
President Biden’s new Energy Secretary Jennifer Granholm is ready to let loose $40 billion in Department of Energy loans, the former Michigan governor said on Wednesday at CERAWeek. Granholm has Continue Reading
U.S. crude oil refinery inputs averaged 9.9 million barrels per day during the week ending February 26, 2021 which was 2.3 million barrels per day less than the previous week’s Continue Reading
Electricity retailers are asking Texas’ power regulator to suspend immediate collections on the massive bills arising from the state’s electricity outage, as energy market participants try to mitigate the threat Continue Reading
Highlights Electricity sector ‘walking the talk’ on emissions reductions Opportunities seen for oil, gas in low-carbon world Moniz says must pick up pace in seizing those opportunities New York — Continue Reading
The number of employees at U.S. businesses rose in February by less than expected, underscoring the labor market’s struggle to recover despite a decline in Covid-19 infections in recent weeks. Continue Reading
As the Interior Department awaits its new secretary, the agency is already moving to lock in key parts of President Biden’s environmental agenda, particularly on oil and gas restrictions, laying Continue Reading
Officials in Miami-Dade County, where climate models predict two feet or more of sea-level rise by 2060, have released an upbeat strategy for living with more water, one that focused on elevating Continue Reading
Working gas operators reported the second-largest weekly net withdrawals for the Lower 48 states following a week characterized by widespread extreme cold throughout most of the country, which increased heating Continue Reading
Highlights Q4 deliveries at 3.31 mil st, down 23.8% on year CAPP barge deliveries rise to one-year high in Q4 Coal deliveries from Central Appalachia mines to US power plants Continue Reading
The US can compartmentalize its geopolitical tensions with China to work with the country on ambitious climate plans aimed at limiting global temperature rise to 1.5 degrees Celsius, Special Presidential Continue Reading
The American Petroleum Institute, the oil and gas industry’s top lobbying arm, is edging closer to endorsing a carbon tax, a tool that would make fossil fuels more expensive, boost Continue Reading
The American Petroleum Institute (API) reported on Tuesday a build in crude oil inventories of 7.356 million barrels for the week ending February 26. Analysts had predicted an inventory draw Continue Reading
U.S. gasoline demand jumped last week to the highest level since the COVID-19 pandemic started, with demand this past Sunday up by 18.2 percent compared to the previous Sunday, according Continue Reading
Crude exports from Louisiana’s offshore supertanker port tumbled to zero as Asian buyers limited purchases to manage high inventories that threaten to overwhelm storage facilities. The lack of shipments in Continue Reading
A Biden administration plan to work with allies to confront China is being put to the test as the U.S. tries to rally countries with sometimes different interests to pursue Continue Reading
The Biden Administration’s decision to throw out the Trump White House’s method for calculating the social cost of carbon was one of the first tangible actions on the president’s lengthy Continue Reading
There are few places to purchase a home in the U.S. that have a greater risk of flooding than on the coast of Florida. But sellers needn’t lose sleep over Continue Reading
U.S. freight railroads are trying to take advantage of a train enthusiast president who’s concerned about global warming with a lobbying campaign depicting their industry as a solution to climate Continue Reading
Texas’s largest electric-power cooperative filed for bankruptcy, saying it is overwhelmed by the more than $2.1 billion in sudden bills stemming from the extreme winter weather that blanketed the state Continue Reading
“The decade of geothermal” is a phrase that is becoming increasingly common in media and energy industry gatherings as the international zero-emission push comes to include one of the most Continue Reading
As thousands of oil and gas jobs disappeared during the oil price and demand crash last year, more and more former oil workers moved to jobs in the clean energy Continue Reading
The oil industry’s top lobbying group is preparing to endorse setting a price on carbon emissions in what would be the strongest signal yet that oil and gas producers are Continue Reading
Iran rejected a European Union offer to hold direct nuclear talks with the U.S. in the coming days, risking renewed tension between Tehran and Western capitals. Senior Western diplomats said Continue Reading
Jennifer Granholm, who was confirmed as secretary of energy by the Senate on Thursday, takes over a department with a $35 billion budget for an administration that has enthusiastically promoted Continue Reading
