Operator sticks to early October target for partial restart Shutdown of 15 million mt/year export facility impacting market Freeport LNG has reached an agreement with US regulators on certain corrective Continue Reading
The shrinking discount of U.S. crude to Brent and rising Canadian oil imports this month will send more barrels to the top U.S. oil storage hub, continuing a recent supply Continue Reading
Pelosi’s Taiwan Trip Spurs China Battery Giant to Pause Plant Debut A giant Chinese supplier of electric-vehicle batteries decided to push back announcing a multibillion-dollar North American plant to supply Continue Reading
California water prices are at all-time high as a severe drought chokes off supplies to cities and farms across the Golden State. The price of water on the Nasdaq Veles Continue Reading
After a miserably hot summer across much of the country, don’t expect August to bring relief. Only the Southwest and Alaska are forecast to have cool or average temperatures over Continue Reading
Global demand for oil has fallen in recent weeks as economic growth has slowed around the world, including in China , analysts said. Demand data and consumer surveys also suggest Continue Reading
Amid a global semiconductor shortage, and as lawmakers dithered over a bill to boost U.S.-based chip manufacturing, Intel went to the Biden administration with a proposal that some officials found Continue Reading
U.S. gas prices hit at a 14-year seasonal high as the country battles persistent high temperatures. U.S. gas prices hit at a 14-year seasonal high as the country battles persistent Continue Reading
U.S. companies are reporting mostly upbeat news this earnings season, surprising investors who had been bracing for a gloomier outlook on both businesses and the economy. More than halfway into Continue Reading
The United States on Monday imposed sanctions on Chinese and other firms it said helped to sell tens of millions of dollars’ in Iranian oil and petrochemical products to East Continue Reading
U.S. manufacturing activity slowed less than expected in July and there were signs that supply constraints are easing, with a measure of prices paid for inputs by factories falling to Continue Reading
Shoppers inside a grocery store in San Francisco, California.Photographer: David Paul Morris/Bloomberg The official arbiters of US recessions look at six monthly indicators in determining whether the nation is indeed Continue Reading
The U.S.emergency crude oil stockpile fell by 4.6 million barrels last week its lowest level since May 1985, according to the Department of Energy on Monday. Crude held in the Continue Reading
Power use in Texas will break records again this week as homes and businesses crank up their air conditioners to escape another heatwave, the state’s power grid operator projected on Continue Reading
The national average for a gallon of gasoline in the United States fell again on Monday to $4.212, according to AAA data. U.S. gasoline prices are down 14.3 cents from Continue Reading
Manchin Pitches Sinema on Democrats’ Tax-Climate Bill The climate and tax spending deal announced last week by Senate Majority Leader Chuck Schumer and Senator Joe Manchin could cost billions in Continue Reading
If signed into law, the bill’s hefty tax incentives for low-carbon technologies could enable the country to cut its net greenhouse gas emissions by roughly 40 percent below 2005 Continue Reading
Hot weather and high gas prices in Texas and the Southeast are posing a renewed threat to gas storage in the US South Central region as strong spot gas demand Continue Reading
Baker Hughes (BKR.O) said on Monday it signed a deal to sell its oilfield services (OFS) business in Russia to the local management team, months after stopping new investments in Continue Reading
The U.S. is considering sanctions that would target a United Arab Emirates-based businessman and a network of companies suspected of helping export Iran’s oil, part of a broader effort to Continue Reading
One way they are doing so is by relying more on dollar and discount stores for groceries. Average spending on grocery products at discount chains increased 71% from October 2021 Continue Reading
A fast-growing wildfire fueled by strong winds from thunderstorms and high temperatures in Northern California has grown to more than 52,000 acres in two days, becoming the state’s largest wildfire Continue Reading
If you’ve traveled much by air over the past few months, chances are you have encountered difficulties: flight delays and cancellations, misplaced luggage, massive lines for check-in and security. Commercial Continue Reading
America’s oil inventories are hovering around multi-year lows despite releases from the SPR. Distillate fuel oil inventories, which are most closely related to the economic cycle, are at the lowest Continue Reading
Of all the drivers behind the dramatic rise in U.S. inflation in the past year, perhaps the most acute is the surge in energy prices. It may also be among Continue Reading
Shale explorers are searching for oil at rates not seen since the early weeks of the pandemic as high crude prices incentivize drilling. Oil rigs operating in US fields increased Continue Reading
Across Montana’s 147,000 square miles, the state government recently counted 57 charging stations. Building a nationwide network requires putting EV chargers in the middle of nowhere. Montana’s vast spaces and Continue Reading
A job fair in Albuquerque, N.M. Job hopping for higher wages has put pressure on companies as they compete for talent. The U.S. economy is enduring a rocky transition from Continue Reading
U.S. refiners: there’s no indication of fuel demand destruction. The latest reporting week in EIA data showed that gasoline demand increased from 8.52 million barrels per day (bpd) to 9.25 Continue Reading
he US is poised to deliver a bumper spring wheat crop in the upcoming weeks, which if realized could help relieve global shortfalls caused by turmoil in the Black Sea. Continue Reading
Chemical maker Lyondell Basell Industries (LYB.N) is considering a “very large investment” at the site of its Houston refinery after it permanently stops refining crude oil by the end of Continue Reading
America is wrestling with the worst energy crisis in nearly five decades, a period of high prices and limited supply. What makes this crisis different than the troubles that roiled Continue Reading
The response to some of the worst flooding in Kentucky’s history was entering a pivotal phase on Saturday morning, with the confirmed death toll at 25 and the search for victims poised Continue Reading
The United States and its allies are leaning heavily on economic sanctions to punish Russia for its invasion of Ukraine. But a key element in that strategy, restrictions on Russian oil Continue Reading
US Economy Shrinks for Second Straight Quarter The drumbeat of recession grew louder after the US economy shrank for a second straight quarter, as decades-high inflation undercut consumer spending and Continue Reading
A surprise congressional budget deal announced Wednesday night boasts $370 billion in new spending for tackling climate change, including oodles of tax credits and rebates that could make it cheaper Continue Reading
The $369 billion climate and tax package forged in a surprise deal by Senate Democrats would be the most ambitious action ever taken by the United States to try to Continue Reading
The $369 billion deal Senate Majority Leader Charles E. Schumer (D-N.Y.) forged Wednesday with Sen. Joe Manchin III (D-W.Va.) would transform how the country produces energy and upend the auto industry, even Continue Reading
Since Monday, the national average for a gallon of regular gasoline has fallen eight cents to $4.27. According to new data from the Energy Information Administration (EIA), gas demand increased Continue Reading
Senator Joe Manchin gave his support to the Inflation Reduction Act of 2022 which will provide $369 billion in energy and climate investments. U.S. Senate Majority Leader Chuck Schumer was Continue Reading
Demand for transportation fuels remains strong despite mixed signals from inventory data collected by the U.S. Energy Information Administration (EIA), U.S. filmmakers said on Thursday. Fears that the U.S. economy Continue Reading
To the naked eye, the Mako Compressor Station outside the dusty West Texas crossroads of Lenorah appears unremarkable, similar to tens of thousands of oil and gas operations scattered throughout Continue Reading
Goldman’s Courvalin: Physical Oil Market Remains Tight The US is exporting more oil than ever before, with shipments poised to climb even higher. A key factor: The widening gap between Continue Reading
expected to last longer than forecasters had initially predicted, setting parts of the normally temperate region on course to break heat wave duration records. As temperatures hit a daily record Continue Reading
The US Senate passed the CHIPS bill with a 64-33 vote July 27, representing a significant step forward for the legislation that includes $52 billion in funding to boost domestic Continue Reading
Judging by forward trading, Electric Reliability Council of Texas power prices will likely average in triple digits into September, after a brutal July heat wave pushed real-time prices into quadruple Continue Reading
‘You have to go back to 1996 to find a lower July average’. July U.S. gasoline demand readings are extremely poor. That’s according to a new report from Standard Chartered, Continue Reading
Biden’s Tax, Climate Plan Revived by Manchin, Schumer Senator Joe Manchin and Majority Leader Chuck Schumer have struck a deal on a tax, energy and climate bill, breaking a deadlock Continue Reading
Sen. Joe Manchin (D., W.Va.) agreed to back a package aimed at lowering carbon emissions and curbing healthcare costs while raising corporate taxes, marking a stunning revival of core pieces Continue Reading
Senate Majority Leader Chuck Schumer and West Virginia Senator Joe Manchin released the outline of a tax, climate and health care deal on Wednesday, in what could prove to be Continue Reading
