The Biden administration’s plan to continue releasing the Strategic Petroleum Reserves (SPR) “as appropriate” to bring down retail rates poses limited downside from current crude price levels, Goldman Sachs said Continue Reading
The top Republican in the US Senate called for the Biden administration to step up assistance for Ukraine, breaking with his counterpart in the House of Representatives who warned earlier Continue Reading
Analysts are becoming increasingly concerned about where oil prices might head following the midterms. The looming EU embargo on Russian oil could send prices significantly higher. The White House’s newly Continue Reading
The electric vehicle market in the United States is on track to grow by 390% by 2028. Major automakers like Ford and GM are joining the race, launching their own Continue Reading
U.S. trade and energy policies have created a “double standard”, with Europe left paying higher prices for its natural gas, French President Emmanuel Macron said on Friday. France, the latest—and Continue Reading
New England is at risk of natural gas shortages this winter amid surging global demand that’s driving up US exports, according to the top federal energy regulator. Fuel availability “is Continue Reading
Rasmussen reports: 83% of U.S. voters are concerned about high gasoline and home heating fuel prices. Many voters give Biden low marks for his energy policy. As of October 20, Continue Reading
The API, AXPC and EWTC have had their say. Several U.S. oil and gas associations have reacted after the Biden administration revealed that it was taking additional energy measures . Continue Reading
U.S. natural gas futures fell to their lowest since March on Thursday, after a federal report showed a larger-than-expected storage build last week and as the market is expected to Continue Reading
The flow of natural gas to liquefaction plants along the Gulf Coast has declined in October, largely due to maintenance and outages. S. LNG exports could start to rise this Continue Reading
Crude oil exports from the United States to France have fallen to zero for the first time in four years, Bloomberg has reported , citing industrial action at French refineries Continue Reading
Ukrainian officials have expressed “shock” over Republican suggestions that future assistance for Kyiv could be limited if the party wins the 1–louse of Representatives in November’s US midterm elections, calling Continue Reading
Highlights Will offer 15 million barrels in new SPR sale Plans to refill SPR when prices around $67-72/b Will allow fixed-price forward purchases to replenish SPR The US Department of Continue Reading
U.S. firms developing a new generation of small nuclear power plants to help cut carbon emissions have a big problem: only one company sells the fuel they need, and it’s Continue Reading
Oil and gas industry lobbyists, anticipating that Republicans could take control of the House in the midterm elections, are already working behind the scenes on Capitol Hill to push back Continue Reading
U.S. natural gas futures fell about 4% on Tuesday to a three-month low as oil and European gas prices dropped and forecasters called for milder U.S. weather over the next Continue Reading
Power-generating Siemens 2.37 megawatt (MW) wind turbines are seen at the Ocotillo Wind Energy Facility California, U.S., May 29, 2020. REUTERS/Bing Guan Oct 18 (Reuters) – President Joe Biden’s administration Continue Reading
The American Petroleum Institute (API) reported a draw this week for crude oil of 1.27 million barrels. U.S. crude inventories have grown by roughly 27 million barrels so far this Continue Reading
The biggest US liquefaction facility received record high feedgas deliveries during the week ended Oct. 18, while another major export terminal prepared to resume operations after a lengthy outage. Those Continue Reading
U.S. President Joe Biden will announce a plan on Wednesday to sell off the last portion of his release from the nation’s emergency oil reserve by year’s end, and detail Continue Reading
Share From long lines to delays and cancellations, airports around the world have been trying to manage a post-pandemic travel surge with a shortage of staff. WSJ follows an American Continue Reading
The White House has released a fact sheet that establishes its intention to refill the Strategic Petroleum Reserve when oil prices are between $67 and $72. In spring, President Biden Continue Reading
Production at U.S. factories rose in September led by output gains in both durable and nondurable goods, indicating the manufacturing sector remains on reasonable footing despite the Federal Reserve’s efforts Continue Reading
After a relentless four-week climb, U.S. national average gas prices have declined, falling 5.4 cents from a week ago to $3.86 per gallon on Monday . Still, the national average Continue Reading
The Biden administration plans to sell oil from the Strategic Petroleum Reserve in a bid to dampen fuel prices before next month’s congressional elections, three sources familiar with the matter Continue Reading
Trixie Parkes’s 1976 wood-framed cottage long served as her home and main source of income, because she rented two units on the top floor to tourists. But when Hurricane Ian Continue Reading
In an open-access report in the journal Environmental Pollution , researchers from UCLA and the University of Chicago estimate that California’s wildfire carbon dioxide equivalent (CO 2 e) emissions from Continue Reading
The Iranian-made drones that Russia sent on Monday to divebomb Ukraine’s capital delivered the most emphatic proof yet that Tehran has become a rare, increasingly close ally to the Kremlin, offering both Continue Reading
Jamie Dimon: Biden administration has basically messed up the country’s—and the world’s—energy security. Chevron’s Michael Wirth has openly accused Western governments of causing the energy crunch because of their preoccupation Continue Reading
The largest U.S. shale basin is stymied by regulatory hurdles. The U.S. Northeast is importing LNG from foreign producers to meet its gas demand. A lack of infrastructure and legal Continue Reading
What keeps driving inflation so high? The answer, it seems, is nearly everything . Supply chain snarls and parts shortages inflated the cost of factory goods when the economy rocketed Continue Reading
Barges were lined up along the Mississippi River earlier this week near Greenville, Miss. VICKSBURG, Miss.—Sections of the Mississippi River are approaching low water levels not seen in more than Continue Reading
Felicity Bradstock is a freelance writer specialising in Energy and Finance. She has a Master’s in International Development from the University of Birmingham, UK. U.S. refiners have been bracing themselves Continue Reading
The number of total active drilling rigs in the United States rose by 7 this week, according to new data from Baker Hughes published on Friday. The total rig count Continue Reading
If it seems like your energy bills have fell victim to price creep, you’re right. Data from the U.S. Bureau of Labor Statistics and the Energy Information Administration suggest that Continue Reading
Tesla Cites Shipping Issues as Deliveries Disappoint Tesla Inc. shares tumbled about 50% from their all-time high, amid a broader selloff in the US stock market that has hit growth Continue Reading
A new joint venture formed by Japan’s Sony Group Corp (6758.T) and Honda Motor (7267.T) plans to introduce a premium electric vehicle later this decade, and the automaker’s U.S. dealers Continue Reading
U.S. President Joe Biden said on Thursday that U.S. gasoline prices remain too high and that he will have more to say about lowering the cost next week. A federal Continue Reading
U.S. mortgage rates jumped to their highest level in more than two decades. The average 30-year fixed mortgage rate hit 6.92% this week, according to a survey of lenders released Continue Reading
Prices continued to climb at a brutally rapid pace in September, with a key inflation index increasing at the fastest pace in 40 years, bad news for the Federal Reserve Continue Reading
U.S. export restrictions on chip equipment to China are likely to lead to its “Sputnik” moment, prompting Chinese chipmakers to try creative engineering solutions and chart their own course even Continue Reading
The city’s focus on water—and the constant pressure on its supply—has helped shape it into an internationally recognized leader in water conservation. News moves fast, and there’s not always time Continue Reading
U.S. consumers can expect to pay up to 28% more to heat their homes this winter than last year due to surging fuel costs and slightly colder weather, the U.S. Continue Reading
Forecast Highlights Winter Fuels Outlook In our Winter Fuels Outlook, we forecast that average household expenditures for home heating fuels will increase this winter because of both higher expected fuel costs Continue Reading
Highlights Lowers WTI, Brent price forecasts Warns of higher winter heating oil costs US crude output to average 12.4 million b/d in 2023 The US Energy Information Administration on Oct. Continue Reading
Oct 13 (Reuters) – A $140 million desalination plant is expected to be approved by California regulators on Thursday as the U.S. state contends with how to convert ocean water Continue Reading
U.S. Democratic Senator Bob Menendez, who is chairman of the U.S. Senate Foreign Relations Committee, blasted Saudi Arabia for leading the OPEC+ group into announcing a cut in oil production Continue Reading
COALINGA, Calif. — The residents of this sun-scorched city feel California’s endless drought when the dust lifts off the brown hills and flings grit into their living rooms. They see Continue Reading
The Strategic Petroleum Reserve’s (SPR) oil is sold competitively when the President of the United States of America finds, pursuant to the conditions set forth in the Energy Policy and Continue Reading
While American LNG is poised for long-term growth, next year could see a slowing of domestic natural gas demand due as infrastructure and expansion plans experience limitations, Natural Gas Intelligence Continue Reading
