The $369 billion climate and tax package forged in a surprise deal by Senate Democrats on Wednesday would be the most ambitious action ever taken by the United States to try to Continue Reading
New York Governor Kathy Hochul July 27 announced the release of the state’s third competitive offshore wind solicitation, seeking an incremental 2 GW of offshore wind power capacity to help Continue Reading
US natural gas futures are surging toward the biggest monthly gain on record, buoyed by scorching weather and the expiration of August options. Gas has jumped more than 65% in Continue Reading
Renewable power generation was lower than its potential through Texas’ brutal heatwave, adding further strain to the already-battered ERCOT power grid. The grid saw record electricity demand as Texans cranked Continue Reading
The American Petroleum Institute (API) reported a large draw this week for crude oil of 4.037 million barrels, while analysts predicted a draw of 1.121 million barrels. The build comes Continue Reading
The Biden administration on Tuesday said it will sell an additional 20 million barrels of oil from the Strategic Petroleum Reserve as part of a previous plan to tap the Continue Reading
The United States became the top liquefied natural gas (LNG) exporter in the first half of 2022, the Energy Information Administration (EIA) said, citing data from CEDIGAZ, as the country Continue Reading
Americans are driving less, combining errands and shopping or dining out less since gasoline prices rallied in March, according to a survey by auto club AAA. A survey of 1,002 Continue Reading
The spread between Brent crude oil prices and West Texas Intermediate (WTI) hit its widest level in over three years on Monday, with WTI down more than $8 compared to Continue Reading
Lackluster demand for gas and lower oil prices led to pump prices falling again, down 17 cents since last week to $4.35. The steady decline is due to low domestic Continue Reading
Natural gas exports from the United States have soared since Russia invaded Ukraine and Europe began to look for natural gas elsewhere. While the U.S. has now become the largest Continue Reading
Summer demand for gasoline in the United States has declined over the past two weeks. After nearing $60 per barrel in June, the U.S. 321 gasoline crack spread fell last Continue Reading
The U.S. Energy Information Administration lowered its Brent crude oil price forecasts. The U.S. Energy Information Administration (EIA) lowered its Brent crude oil price forecasts for 2022 and 2023 in Continue Reading
When U.S. President Joe Biden promised European leaders in March that he would help secure new supplies of liquefied natural gas to offset shortages from Russia’s invasion of Ukraine, his Continue Reading
Mexico hopes the talks initiated by the U.S. under the United States-Mexico-Canada Agreement (USMCA) about Mexico’s prioritization of state energy firms over private U.S. companies would reach a “mutually satisfactory Continue Reading
Highlights Mexico averaging 5.28 million barrels monthly of fuel oil exports to US Increase picks up pace after Russian invasion of Ukraine Competition seen from Brazil, UAE, Iraq, Turkey, others Continue Reading
Prices surge at Algonquin city-gates, Iroquois Zone 2 TTF trades near $50 on strong European demand New England imports 17.8 Bcf of LNG, winter 21-22 Winter gas prices in New Continue Reading
Freeport LNG said on Thursday it was pulling in small amounts of pipeline natural gas at its shuttered liquefied natural gas (LNG) export plant in Texas to fuel a power Continue Reading
U.S. carriers are struggling to offset higher costs even as booming travel demand has given them strong pricing power, raising questions about their ability to shield profit once consumer demand Continue Reading
South for the third day as dangerously high temperatures had forecasters warning about the dangers of dehydration and exposure. Heat warnings and advisories were in effect from South Carolina up Continue Reading
All refiners and all integrated oil and gas companies are set for a windfall of profits. Extraordinary refining margins have boosted profitability. Refining profits may have peaked in the second Continue Reading
Steady growth in US natural gas production seen earlier this year appears to have lost momentum this summer in a potentially bullish trend that comes as Henry Hub gas prices Continue Reading
Ford Motor Co (F.N) on Thursday said it will import lower-cost lithium iron batteries for its North American electric pickup trucks and SUVs from Chinese battery champion CATL (300750.SZ) , Continue Reading
Limiting the size of new swimming pools in and around Las Vegas might save a drop in the proverbial bucket amid historic drought and climate change in the West. Officials Continue Reading
Some of the hottest weather on record is lifting natural-gas prices, reversing last month’s plunge and reviving a key driver of inflation. Natural-gas futures have jumped 48% this month—including 10% Continue Reading
While oil pipeline capacity in the U.S. currently exceeds production, the country’s booming LNG and natural gas markets mean demand for infrastructure is soaring. The United States is projected to Continue Reading
Signage is seen outside of the U.S. International Trade Commission in Washington, D.C., U.S., A tanker carrying a liquid fertilizer product from Russia is about to arrive in the United Continue Reading
U.S. crude oil stockpiles edged lower last week but gasoline inventories posted a larger-than-expected build on weakened demand, the Energy Information Administration said on Wednesday. Crude inventories (USOILC=ECI) fell by Continue Reading
As anticipated, U.S. President Joe Biden refrained from declaring a climate emergency, which would grant him additional powers to deal with a national climate crisis, during his speech Wednesday at Continue Reading
Highlights Algonquin city-gates, Iroquois Zone 2 spike Algonquin J-system flows restricted to zero Power plant, LDC demand on Algonquin surge Natural gas prices in New England are up sharply over Continue Reading
The US Postal Service plans to boost its purchase of EVs based on what it says are refinements to the Postal Service’s overall network modernization, route optimizations, improved facility electric Continue Reading
President Joe Biden will announce executive action to confront climate change after a key senator blocked legislation, but he’s holding off for now on an emergency decree that would allow Continue Reading
for the first time in nine weeks, data from the American Automobile Association (AAA) showed. The price of U.S. gasoline averaged more than $5 a gallon for the first time Continue Reading
US natural gas-fired power generators are bracing for record-setting demand this week as temperatures in states stretching from Texas to Kansas and Mississippi to Missouri top 100 degrees Fahrenheit. On Continue Reading
Shipments of Canadian oil to US refiners were thrown into disarray by a pipeline disruption just days after President Biden’s unsuccessful visit to Saudi Arabia. Shipments of Canadian oil to Continue Reading
Drivers relieved by the recent dip in gas prices may be in for a shock when the summer winds down, with energy analysts warning a fresh round of price surges Continue Reading
Covid-19 is surging around the United States again in what experts consider the most transmissible variant of the pandemic yet. But something is different this time: The public health authorities are holding Continue Reading
Nymex natural gas for August delivery was quoted at $6.49/MMBtu in Friday’s session, good for a nearly 70% climb in the year-to-date. The natural gas rally has come mainly thanks Continue Reading
Canada sent a turbine for the Nord Stream gas pipeline to Germany by plane on July 17 after repair work had been completed, Kommersant newspaper reported on Monday, citing people Continue Reading
U.S. natural gas futures jumped about 6% to a four-week high on Friday on a drop in output this week and forecasts for hotter weather and more demand over the Continue Reading
U.S. stocks rebounded Friday, capping a volatile week during which investors responded to a flurry of corporate-earnings reports and economic indicators. The news offered at-times conflicting narratives on the nation’s Continue Reading
Texas and California are once again facing potential energy crises as their aging energy grids struggle to cope with soaring demand. Despite promises from both the federal and state governments, Continue Reading
Los Angeles County may reinstate an indoor mask mandate. More than half the U.S. population lives in counties where Covid-19 cases and hospitalizations are high enough that people should wear Continue Reading
It was a familiar, if excruciating, position for Democrats. A day after pulling the plug on his party’s plans to pass a climate, energy and tax package this summer, Senator Joe Manchin Continue Reading
As a blistering heat wave smothered Texas this week and taxed the power grid with record-high demand, bitcoin mining operators in the state shut down their electricity-guzzling machines. Complying with requests from Continue Reading
Israel’s caretaker prime minister, Yair Lapid, pushed President Biden on Thursday to go beyond his public commitment to stopping Iran from ever obtaining a nuclear weapon, declaring that all democratic Continue Reading
The temperatures in Texas and the Southern Plains are about to be turned up during an already historically hot summer. Next week, some areas of interior Texas, Oklahoma and Kansas Continue Reading
Senator Joe Manchin told Democratic leaders Thursday he would not support new spending on climate measures or tax increases, delivering a colossal blow to President Joe Biden’s ambitious economic agenda. Continue Reading
Senate Democrats have scrapped a $4,500 bonus tax credit for electric vehicles made with domestic union labor that was opposed by Senator Joe Manchin as they seek to wrap up Continue Reading
Utah’s Great Salt Lake dropped to its lowest recorded level this month amid a two-decade drought, a grim milestone as researchers and politicians point to grave threats to wildlife and Continue Reading
