U.S. Swaps Venezuelan Fuel Oil For Russian Products
The United States has been raising its imports of fuel oil from Russia over the past year and a half after the U.S. imposed sanctions on Venezuela’s exports, Reuters reported Continue Reading
U.S. Ups Pressure To Push Venezuela Oil Exports To Zero
The United States is pressing shippers, insurers, certification organizations, and flag states registering vessels not to work with Venezuela as the Trump Administration is looking to cut off Nicolas Maduro’s Continue Reading
California governor shuts churches, businesses as COVID-19 cases surge
California Governor Gavin Newsom on Monday ordered a massive retrenchment of the state’s reopening on Monday, shutting bars and banning indoor restaurant dining statewide and closing churches, gyms and hair Continue Reading
Heat wave hits U.S., scorching coronavirus hot spots
An intense and expanding heatwave is baking the South and Southwest, pushing the mercury to record-challenging levels in areas notorious for their searing summer temperatures. The stifling heat is creating Continue Reading
Is This The End Of The American Pipeline Boom?
The Dakota Access Pipeline, (DAPL) was built to transport Bakken crude oil from its point of origin in far North Dakota to a terminus in Patoka, Illinois. Patoka is the Continue Reading
U.S. Natural Gas Prices Hit Record Lows In H1 2020
The spot price of the U.S. natural gas benchmark Henry Hub hit record lows in the first half of 2020 due to mild winter early in the year and depressed Continue Reading
Biden to Call for $2 Trillion in Spending on Clean Energy – Bloomberg
Joe Biden on Tuesday will call for setting a 100% clean-electricity standard by 2035 and investing $2 trillion over four years on clean energy, three people familiar with his plan Continue Reading
Biggest U.S. Battery System Connects to California’s Grid – Bloomberg
The biggest battery storage system in the U.S. connected to California’s electricity grid, giving the state more flexibility to bank excess solar power generated during the hottest parts of the Continue Reading
After the fastest recession in U.S. history, the economic recovery may be fizzling
United Airlines announced plans to lay off more than one-third of its 95,000 workers. Brooks Brothers, which first opened for business in 1818, filed for bankruptcy. And Bed Bath and Continue Reading
Trump Dims Hopes for New China Trade Deal
While the U.S. deals with the new coronavirus, racial injustice and a presidential campaign, tensions with China continue to unfold. WSJ’s Gerald F. Seib explains. Photo: Wang Zhao/AFP President Trump Continue Reading
Supreme Court ruling on Oklahoma tribal land raises questions for oil industry
A U.S. Supreme Court decision recognizing about half of Oklahoma as Native American reservation land has implications for oil and gas development in the state, raising complex regulatory and tax Continue Reading
Reeling from the loss of gas tax revenue during pandemic, states are deferring billions of dollars of transportation projects
Leaders of state transportation departments across the nation say the coronavirus pandemic has left them facing an estimated $50 billion shortfall in funding needed to repave rutted and pockmarked roads, maintain Continue Reading
U.S. Natural Gas Production, Consumption And Exports Hit Record In 2019
The United States produced, consumed, and exported record volumes of natural gas last year, following years of rising output due to fracking and horizontal drilling, the Energy Information Administration (EIA) Continue Reading
Shell Idles Unit At Texas Refinery Due To Demand Crash
Shell is idling a unit at the Deer Park, Texas, refinery for several months due to low demand for fuels, sources familiar with the refinery’s operations told Reuters . The Continue Reading
US June auto sales plunge over 25% on year, July outlook uncertain: consultants
US auto sales fell over 25% on the year in June, with July buying activity still facing uncertainty due to market disruptions caused by the coronavirus pandemic, according to industry Continue Reading
Texas Refiners Contend with Virus Rebound
Oil refineries aren’t being spared as Covid-19 sweeps through Texas, which is setting records for new infections and hospitalizations in the U.S. almost daily. The second-biggest U.S. refinery, Marathon Petroleum Continue Reading
Weekly jobless claims near four-month low; millions drawing unemployment benefits
The number of Americans filing for jobless benefits dropped to a near four-month low last week, but a record 32.9 million people were collecting unemployment checks in the third week Continue Reading
US economy may be stalling out as viral outbreak worsens
The U.S. economy is stumbling as the viral outbreak intensifies, threatening to slow hiring and deepening the uncertainty for employees, consumers and companies across the country. Coronavirus case counts are Continue Reading
Demand Crash Led To Biggest Monthly Surge in US Oil Inventories Since 1920
The oil demand crash in April, when most of America was under stay-at-home orders, resulted in the biggest monthly inventory jump in U.S. commercial crude oil inventories in data going Continue Reading
US working natural gas volume in underground storage rises by 56 Bcf: EIA
US natural gas in storage rose 56 Bcf in the week ended July 3, according to Energy Information Administration data released July 9, as electric generation boosted demand and the Continue Reading
Summary of Weekly Petroleum Data for the week ending July 3, 2020
U.S. crude oil refinery inputs averaged 14.3 million barrels per day during the week ending July 3, 2020 which was 315,000 barrels per day more than the previous week’s average. Continue Reading
United Airlines sending ‘gut punch’ furlough warnings to 36,000 workers
United Airlines ( UAL.O ) said on Wednesday it was preparing to send notices of potential furloughs to 36,000 U.S.-based frontline employees, or about 45% of staff, as travel demand Continue Reading
Fed officials suggest U.S. recovery may be stalling
Federal Reserve officials raised fresh doubts on Wednesday about the durability of the U.S. recovery, while new business surveys highlighted developing risks from the relentless coronavirus pandemic. In separate appearances, Continue Reading
US consumers reduced their borrowing by $18.3 billion in May
U.S. consumers reduced their borrowing for a third straight month in May as the millions of jobs lost because of the coronavirus pandemic made households less eager to take on Continue Reading
In Parched Southwest, Warm Spring Renews Threat of ‘Megadrought’
Here at 12,000 feet on the Continental Divide, only vestiges of the winter snowpack remain, scattered white patches that have yet to melt and feed the upper Colorado River, 50 Continue Reading
Analysis: US crude stocks race higher as exports flag, imports surge
A steep decline in US oil exports and a flood of imports pushed crude inventories higher last week, even as refinery inputs and refined product demand edged higher, US Energy Continue Reading
US Refineries Still Running Below Seasonal Norm
U.S. gasoline demand recovered to where it was before the pandemic closed much of the country, but it’s still well-below where it usually is in height of the summer driving Continue Reading
U.S. Hits 3 Million Confirmed Coronavirus Cases
After the coronavirus was first reported in the U.S. in January, the first million reported cases developed over roughly three months, as testing centered around those who had fallen ill Continue Reading
US voters more pessimistic on chances of economic rebound
Americans have become more pessimistic about the prospects for a quick pandemic recovery, especially in the states of the US South and west where coronavirus cases have spiked, according to a Continue Reading
Short-Term Energy Outlook
The July Short-Term Energy Outlook (STEO) remains subject to heightened levels of uncertainty because mitigation and reopening efforts related to the 2019 novel coronavirus disease (COVID-19) continue to evolve. Reduced economic activity related to Continue Reading
US EIA trims gas production forecasts once again on lower prices, curtailments
The US Energy Information Administration July 7 again lowered its estimates for natural gas marketed production for the rest of 2020, pointing to low gas and oil prices and production Continue Reading
Atlantic Hurricane Forecast Gets Update
Colorado State University has raised its annual forecast to call for 20 named storms, up from its outlook issued in June calling for 19. (Bloomberg) — After a frenzied start, Continue Reading
Trump’s Grid Order Baffles Utilities Over What They Can Buy
U.S. utilities are scrutinizing their suppliers of transformers and other power-grid equipment for ties to China as they await details on President Donald Trump’s order to crack down on imports Continue Reading
Home-Solar Companies Merge as Coronavirus Dims Growth
The two largest U.S. rooftop solar companies are merging as the coronavirus pandemic casts a cloud over the market to install panels on homes. Sunrun Inc. RUN 22.63% is acquiring Vivint Solar Inc. VSLR 38.19% in an all-stock deal, the companies Continue Reading
US offshore wind power spending has oil in its sights
US investment in offshore wind power is predicted to rise from nothing 10 years ago to a level that nearly matches spending on offshore oil drilling, as an energy source Continue Reading
US gasoline demand recovery slows as top-consuming states face coronavirus outbreaks
While US gasoline demand continues to recover from April lockdowns, driving fell last week in three states hit hard by rising coronavirus cases, highlighting the ongoing risks to oil demand Continue Reading
Unemployment Expected to Reach Highest Level Since Great Depression
Congress is eager to pass the next phase of coronavirus stimulus legislation, but the bipartisan spirit that was present months ago may be frayed. Unemployment rates in the world’s advanced Continue Reading
Analysis: US crude draw likely extends on rising exports, refinery demand
US crude oil inventories likely declined during the week ended July 3 amid an expected uptick in refinery demand and rising exports, analysts surveyed by S&P Global Platts said July Continue Reading
US Oil Exports Can Compete at $30 Break-Even
Asian economies that appear to have a handle on the initial macroeconomic destruction caused by COVID-19 also happen to be prolific buyers of U.S. light sweet crude. The near-term economic Continue Reading
Federal Reserve official warns US recovery may be ‘levelling off’
A senior Federal Reserve official has warned that the rebound in the world’s largest economy is in danger of stalling as a result of the recent spike in coronavirus infections Continue Reading
Dominion’s $9.7 billion sale of gas business is big step toward clean energy targets
Dominion Energy’s decision to sell its gas business to Berkshire Hathaway for $9.7 billion illustrates the enormous challenges US utilities face in meeting daunting state clean energy goals. Dominion is Continue Reading
Group pushes Colorado ballot initiative to prohibit local build bans on natural gas
In a preemptive move, a group backed by the Colorado oil and gas industry is pursuing a ballot initiative meant to prevent local governments from banning the use of natural Continue Reading
Judge orders Dakota Access pipeline shut down pending review
A judge on Monday ordered the Dakota Access pipeline shut down for additional environmental review more than three years after it began pumping oil — handing a victory to the Continue Reading
The Latest: Smaller oil and gas drillers tapped relief fund
The Latest on the Treasury decision to identify hundreds of thousands of businesses that received funding through the Paycheck Protection Program, created to preserve jobs at smaller businesses during the Continue Reading
Court orders Dakota pipeline shut in latest blow to U.S. fossil fuel projects
A U.S. court ordered the shutdown of the Dakota Access oil pipeline on Monday over concerns about its potential environmental impact, a big win for the Native American tribes and Continue Reading
Crude Slips in the U.S. With Bleak Summer Demand Outlook
U.S. crude futures edged lower with investors concerned that lackluster demand through the summer months will weigh on the market’s recovery. As coronavirus infections rise across much of the U.S., major Continue Reading
China Is Unlikely to Meet Purchase Targets for U.S. Energy
Economic fallout from the coronavirus pandemic has cast doubt on whether China can meet its targets to buy U.S. goods under this year’s trade deal—with energy emerging as the biggest Continue Reading
Companies Cancel Atlantic Coast Pipeline After Years of Delays
The builders of the Atlantic Coast Pipeline are pulling the plug on the project as companies continue to meet mounting environmental opposition to new fossil fuel conduits in the U.S. Continue Reading
US energy industry loses jobs while other sectors gain
According to government data from the Bureau of Labor Statistics, oil and gas extraction businesses shed 1,200 jobs last month. Including other categories associated with the sector – such as Continue Reading
Dominion pulls plug on ACP, agrees to shed gas transmission, storage assets
Dominion Energy is canceling the 604-mile, 1.5 Bcf/d Atlantic Coast Pipeline project amid continued litigation hurdles, and it intends to sell substantially all of its gas transmission and storage assets Continue Reading